Market Gawk

HONG KONG (MarketWatch) — Origin Energy Ltd. [s; au:org], Australia’s largest coal seam gas producer, said Friday it board will recommend shareholders reject BG Group’s A$13.8 billion takeover bid ($13.3 billion), saying the offer does not adequately reflect the company’s assets and business prospects. In June Britain’s BG brought forward an A$15.50-per share hostile takeover bid, the same price it had offered in friendly talks held in May. Origin’s board rejected that earlier offer May 30 and invited proposals on how to develop the company’s coal seam gas reserves. Origin said in a statement to the Australian Stock Exchange Friday its gas reserves estimates have risen significantly, crude oil prices have jumped 10% and higher valuations have been assigned to liquid-natural-gas projects since the original BG offer.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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HONG KONG (MarketWatch) — Asian markets were mixed Friday, with Sydney shares rising as high crude-oil prices lifted resource firms such as BHP Billiton, while Samsung Electronics Co. and Hynix Semiconductor Inc. dropped in Seoul after U.S. technology stocks dropped overnight.

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Laptops long ago stopped needing wires to be wired.

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The DailyFX Carry Trade Index was practically unmoved from last week after heavy event risk failed to generate direction for the yield strategy. In fact, carry interest has actually worked its way into a period of congestion that has sapped all of the momentum out of the developing rebound after the March reversal.

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If you’re a recent college graduate, repaying your variable-rate student loans is about to become less expensive. The same is true for parents who…

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It always works — until it doesn’t.

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Leading stocks tumbled for the second straight session on Thursday, as the market continued to weaken, even as the major indexes ended mixed.

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The European Central Bank hiked its benchmark interest rate by a quarter-point 20hursday but signaled no more boosts are on the way, giving the dollar a lift.

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The U.S. market week may have been truncated by Independence Day, but it emphasized instead interdependence, whether between E.U. monetary policy and U.S. stocks; or Wall Street and Washington; or Israel’s foreign policy and the price of crude oil; or, staying in the commodities sphere, between the prices of sugar, corn and soybeans and, again, that of crude; or even Dick Grasso and the ultimate ignominy of his wayward foes.

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Coastal drilling for oil is mindless, not only from a supply perspective but from an environmental perspective.

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