trading halt

Shares of Australian insurance company QBE Insurance Group (QBE) are now on a trading halt after news circulated that its recently bought Balboa mortgage insurance subsidiary in the United States is being investigated by US regulators.

Shares of Gloucester Coal (GCL) jumped by $1.82 to $8.83 at 1107 AEDT as it resumes from a trading halt since Tuesday. The Australian coal miner shares climbed to as much as 27.3 per cent in the morning trade after it announced the merger proposal with China's Yanzhou Coal Mining Co.

Gloucester Coal (GCL) shares are on a trading halt since Tuesday as the coal miner currently works on a possible merger with China's Yanzhou Coal Mining Co. The deal is believed to give the Australian coal miner a value of $2 billion.

Shares in BlueScope Steel (BLS) face a trading halt as its recent capital raising falls short. The steelmaker company failed to sell some of the new shares it issued in its last capital raising.

The Australian Securities Exchange (ASX) has been hit by another glitch again as the Australian stock market's Trade Acceptance Service rejected and stopped settling all trades made on its rival Chi-X Australia. The trade freeze lasted from 10 a.m. to 12 noon yesterday.

The Australian stock market, the Australian Securities Exchange (ASX) has been hit by a technical glitch and has imposed a trading halt an all trades. The suspension of trading comes at a time when many companies are holding AGMs, announcing full year results as well as a release of another European bailout deal. Sky News has reported that up to 6700 trades were completed before the halt. The last technical glitch was in February 28, 2011.

The nature of the problem is not known, leaving stock market investors unable to act on profit results and the latest economic developments in Europe.

Shares trading in Origin Energy (ASX:ORG) ground to a halt today in anticipation of an expected announcement about its $35 billion Australia Pacific Liquefied Natural Gas (APLNG) project.

Origin teamed up with ConocoPhillips on the LNG venture. China's Sinopec also agreed to a non-binding 4.3 billion tonne LNG supply deal in February and is expected to be the first buyer, according to sources.

Franchise brand manager, Allied Brands (ASX:ABQ) have placed franchise, Cookie Man for sale following a NSW Supreme Court liquidation order handed down last week. Cookie Man has around 50 outlets, 46 of which are franchised and four company-owned. The company had recently revealed that the US owners of the Baskin Robbins brand, Dunkin Brands, had threatened to terminate the company's master franchise agreement for Australia, an agreement which is still in dispute.

Sundance Resources (ASX:SDL) resumed trading on Monday. The stock has been in a trading halt since the mining company's entire board of of directors were killed in Congo, Africa from a plane crash on its way to Mbalam on June 19. Their share price closed down 1 cent to 12 cents with a volume of 65.8 million shares traded and an intraday low of 10.5 cents.

CSR has been allowed to have their shareholders vote on the company's bid on splitting up and demerging the company's sugar business. The full bench of the Federal court, The Chief Justice, Patrick Keane, and Justices Ray Finkelstein and Peter Jacobson, upheld CSR's appeal. CSR's demerger proposal can now be put to the shareholders for a vote.