Alliance Aviation pulls IPO

Source: Marketwatch

Alliance Aviation Services, Australia-based transportation company, pulled its IPO in order to raise about 120 million Australian dollars despite market being bleak and IPO market being tough in Australia. It is the largest IPO in Australia after Collins Foods listing in August.  The S&P/ASX 200 gained 0.7% on Tuesday.

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Tue, 29 Nov 2011 09:06:29 GMT

Australian and New Zealand dollars climb ahead of euro zone meeting

Aussie and Kiwi are recovering rapidly from previous week's losses as European Finance Ministers meet today in Brussels boosting optimism that they will be able to provide a quick solution to Eurozone's debt crisis. Australian dollar gained 0.6% against US dollar reaching $0.9969 in Sydney trade, while its New Zealand's peer added 0.4% to $0.7585. AUD/USD currently is trading at $0.9957 whereas NZD/USD is trading

Tue, 29 Nov 2011 10:36:17 GMT

Acer suffers from floods in Thailand

Acer Inc. announced it still hopes the company will break even in Q4 despite problems caused by insufficient quantity of hard disks because of severe floods in Thailand. The effect of the dick shortage will be the strongest between December and February and the company plans to increase prices for some models of PC by 2%-3%, said Acer spokesman.

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