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Press Releases

Iron ore price gains likely to stay into 2017: Analyst

Higher iron ore prices this year are likely to stay into 2017 as producers cut output, says Shaw and Partners' metals and mining analyst, Peter O'Connor.


Women's rugby 'has come in leaps and bounds'

Interest in rugby has picked up since the inclusion of the sport in the Olympics, says Simon Shaw, ambassador of HKSevens


Hedge fund Paloma to take in new cash, eyes quant trading

NEW YORK, March 18- Paloma Partners, a $4- billion hedge fund that has spent much of the last three decades politely turning away would-be investors, is opening its doors, if only a crack to newcomers, three people familiar with the fund's plans said. Sussman, 69, is often called the hedge fund industry's grandfather who helped launch one of the world's biggest firms;...

Source: Reuters

Why are markets pleased with BHP Billiton?

BHP has freed up a lot of capital for potential M&A as well as to better manage its debt, says Shaw and Partners' Peter O' Connor.


Europe calls time on ship navigation scheme despite risks at sea

Experts say GPS is vulnerable to signal loss from solar weather effects or radio and satellite interference or deliberate jamming, which South Korea experienced from North Korea in recent years. France, Norway, Germany and Denmark have closed their transmitters. George Shaw of the GLA cited "cost-related" issues in Europe for pulling the project, leading the...

Source: Reuters

PRECIOUS-Spot gold slips as dollar holds gains after U.S. jobs data

*Coming up: euro zone Sentix index at 0930 GMT. MELBOURNE, Feb 8- Spot gold stepped back on Monday from near a three-month top hit the session before, after a U.S. jobs report cast some doubt over prospects for a quicker pace of rate hikes this year and pushed up the dollar. "We prefer gold," said analyst Lachlan Shaw of UBS.

Source: Reuters

UPDATE 2-EU sets duties on steel rebar imports from China, industry cries foul

"The Commission's decision... clearly shows that the scale of the crisis affecting the European steel sector has not yet fully registered with Brussels," said Gareth Stace, director of UK Steel. According to UK Steel, China accounts for more than 45 percent of the UK rebar market, up from zero four years ago. Kathleen Walker Shaw, European Officer for UK union GMB, said: "...

Source: Reuters

UPDATE 1-Browning-Ferris appeals U.S. ruling on 'joint employment'

Browning-Ferris Industries, a subsidiary of Republic Services Inc, this week sought review of the National Labor Relations Board's decision on joint employment by a federal appeals court in Washington. The company "strongly believes that it has rights that require vindication," Browning-Ferris' attorney Stuart Newman of Seyfarth Shaw said of the petition,...

Source: Reuters