Telecom Carriers

Australian Market Report of March 13: Better-Than-Expected News

🕔3/13/2009 1:00:36 PM

Yesterday, the Australian market ended marginally lower as investors were encouraged by the Wall Street rallies. The benchmark S&P/ASX200 index ended the day down 0.3%, or 8.9 points, at 3235.5. The broader All Ordinaries index was also down 0.3%, or 8.7 points, at 3190.4. "Many investors have feared worst, and many are probably predicting companies such as GM would eventually be gone, and are already prepared for it," says Thomas Su, Research Director of Money Cat Consulting. It may be too early to predict, but it seems the financial stocks may start leading the gain in the second half of the year, Thomas Su added.

Read Full Article▸

Australian Market Report of March 11: Remarkable Rally on Wall Street

🕔3/11/2009 1:00:16 PM

Yesterday the Australian market struggled for direction early on but then found its feet later in the session to close higher, according to CMC Markets. The benchmark S&P/ASX200 index gained 30 points, or 0.95 per cent, at 3,184.5, while the broader All Ordinaries rose 21.5 points, or 0.69 per cent, to 3,143.2.

Read Full Article▸

eServGlobal Limited (ASX:ESV) Announces New Contract with Mobinil Egypt

🕔3/10/2009 12:42:38 PM

eServGlobal Limited (LSE:ESG)(ASX:ESV) a provider of end-to-end solutions, enabling smart communication and payment services for telecom operators on any generation network, today announced that Mobinil has chosen the eServGlobal platform to launch its Missed Call Alert (MCA) service.

Read Full Article▸

Australian Market Report of March 9: Following Small Gains on Wall Street

🕔3/9/2009 1:00:16 PM

Australian shares closed lower on Friday. The Australian market sunk further into the red and languished in negative territory amidst gloomy economic news from here and overseas, according to CMC Markets.

Read Full Article▸

Asian Markets Overview of March 6

🕔3/6/2009 3:00:30 PM

Asian shares ended mixed Thursday. The Shanghai Composite index was up 1.0%, but in Hong Kong's Hang Seng Index fell 1.0%. South Korea's Kospi lost 0.1%, reversing early gains, and Japan's Nikkei 225 Average ended up 2.0%.

Read Full Article▸

Asian Markets Overview of March 5

🕔3/5/2009 3:00:05 PM

Asian share markets were bolstered on hopes for China's further stimulus measures, which are speculated to include market-supportive moves. Shanghai Composite Index surged 6.1% while Hong Kong's Hang Seng Index rose 2.5%. South Korea's Kospi was up 3.3%. Japanese and Singaporean markets also shrugged off the bad lead from Wall Street, gaining 0.9% and 1% respectively.

Read Full Article▸

Asian Markets Overview of March 3

🕔3/3/2009 3:00:09 PM

Asian share markets closed sharply lower on Monday with investor sentiment sharply dented by a worse-than-expected contraction in the U.S. economy. In Hong Kong, Hang Seng Index fell 3.86 per cent, dragged by the slump in U.S. stocks to new bear market lows Friday and concerns over HSBC. Japan's Nikkei-225 was down 3.8 per cent, while South Korean stocks closed 4.16 per cent lower. But Shanghai shares bucked the regional trend, closing up 0.51 per cent, as government stimulus plans boosted real estate and cement stocks.

Read Full Article▸