Oceania
Oceania
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Australian Dollar Rose After Tapering of Economic Stimulus Was Not on a Pre-Set Course
Jul 18, 2013The Australian dollar rose after US Federal Reserve chairman Ben Bernanke said the tapering of economic stimulus was not on a pre-set course. At 7am AEST the local unit was trading at 92.37 US cents, up from 92.08 cents at ...
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Australian Share Market Nudged But Fell Away to End Only Slightly Higher
Jul 18, 2013The Australian share market has again nudged above the 5,000 point mark but fell away in afternoon trade to end only slightly higher. Financial and energy stocks were the best performers, with other sectors mixed. Energy giant Woodside ...
Tags: Stocks, Edge Higher
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Australian Shares Closed Slightly Higher Resulting From Mining Heavyweight Rio Tinto
Jul 17, 2013AUSTRALIAN shares have closed slightly higher, boosted by gains from resource companies on the back of record production results from mining heavyweight Rio Tinto. Rio has announced it had increased iron ore production by six per cent to ...
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Dollar Was The Best-Performing Currency in Asia
Jul 16, 2013THE dollar was the best-performing currency in Asia yesterday, investors flocking to support the unit on news that China's economic slowdown in the second quarter was not as bad as some had feared. China's gross domestic product grew by ...
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Australian Dollar Is Lower Despite Modest Bounce From China's Economic Growth Figures
Jul 16, 2013THE Australian dollar is lower today despite a modest bounce from China's latest economic growth figures. At 5pm, the local unit was trading at 90.87 US cents, down from 91.67 cents on Friday. The Australian dollar briefly dropped below ...
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Australian Dollar Gained After US Retail Sales Figures Put Pressure on Greenback
Jul 16, 2013THE Australian dollar gained after disappointing US retail sales figures put pressure on the greenback. At 6.30am AEST the local unit was trading at 91.02 US cents, up from 90.87 cents at yesterday's local close. The Australian dollar ...
Tags: economy
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Wool & Carpet Sectors Reviewed by Indian Textiles Minister
Jul 16, 2013The Union Minister of Textiles Dr. K.S.Rao held a meeting with the stake holders of Wool and Carpet Industry to prepare a road map to increase the woollen and carpet export. During the discussion, major issues related to growth of the ...
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Strength in The Resources Sector Has Pushed Australian Shares Higher
Jul 15, 2013Strength in the resources sector has pushed Australian shares higher, although the market lost some ground after China's finance minister lowered expectations for the country's economic growth. The S&P/ASX200 index passed 5000 points in ...
Tags: China Gloom, Miners
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Australian Stocks Shot up by 1.3 Per Cent
Jul 12, 2013AUSTRALIAN stocks shot up by 1.3 per cent, with investors cheering comments out of the US that money would continue to be pumped into the world's largest economy. Shares in Australia soared on US Fed chairman Ben Bernanke's comments that ...
Tags: economy
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Australian Dollar Is Higher After The US Federal Reserve Chairman Eased Concerns
Jul 12, 2013THE Australian dollar is higher after the US Federal Reserve chairman eased concerns about the tapering of the central bank's economic stimulus program. At 1700 AEST on Thursday, the local unit was trading at 92.71 US cents, up from 91.96 ...
Tags: economy, Australian dollar
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Australian Dollar Jumps 1.5 US Cents After Ben Bernanke Declared Stimulus Will Continue
Jul 12, 2013THE Australian dollar jumped more than 1.5 US cents after Federal Reserve chairman Ben Bernanke declared US stimulus measures would continue. The local currency hit 92.94 US cents shortly before 9am AEST, only four hours after sinking ...
Tags: Australian Dollar, economy
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Australian Dollar Lost Some Ground as Bank Was Likely to Unwind Stimulus Measures
Jul 12, 2013THE Australian dollar lost some ground as minutes of the US Federal Reserve's last meeting hinted that the central bank was more likely to unwind its stimulus measures before the mid-2014 target. At 6.30am AEST the local unit was trading ...
Tags: economy
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Australian Dollar Jumped After US Bank Poured Cold Water on Earlier Speculation
Jul 12, 2013THE Australian dollar jumped yesterday after the US central bank poured cold water on earlier speculation that it would soon start to withdraw economic stimulus. The US dollar plunged early yesterday after the market was surprised by ...
Tags: economy, Australian dollar
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Australian Dollar Is Higher After Bouncing Back From Losses Caused by Weaker
Jul 12, 2013THE Australian dollar is higher after bouncing back from losses caused by weaker than expected Chinese trade figures. At 5pm, the local unit was trading at 91.96 US cents, up from 91.83 cents yesterday. LTG Goldrock director Andrew ...
Tags: economy
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Ross Barker Is Not Betting on The Yield Trade to Drive Markets
Jul 12, 2013ROSS Barker, the managing director of several listed investment companies, is not betting on the yield trade to drive markets as hard in the next 12 months, saying some big dividend-paying stocks got "very toppy" before the recent sell-off. ...
Tags: economy
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