Rather than trying to hinder the high-frequency traders by taxing the buy and sell orders they place and withdraw in milliseconds every day, the Industry Super Network proposes a new trading model with a series of auctions through the day ...
Tags: high-frequency trades, Australia, investment
But passing the half-way mark of this interim profit season, we now have proof that his real error was putting a super-profits tax on the wrong industry. While profits were sliding at Rio Tinto, OZ Minerals and Wesfarmers' coal division, ...
Tags: Stocks, investment, Australia
The share market weakened slightly before upcoming events including the release of European and US economic data, the weekend meeting of G20 finance ministers and central bankers in Moscow, and Italian elections the following weekend. ...
At 1700 AEDT, the local currency was trading at 103.64 US cents, up from 103.50 cents on Thursday. Westpac chief currency strategist Robert Rennie said the Australian dollar traded in a narrow range on Friday but remained well supported. ...
The Australian dollar was almost level following a night of mixed economic data. At 6.30am AEDT the local unit was trading at 103.48 US cents, slightly down from 103.50 cents at yesterday’s local close. New claims for US ...
Tags: Australian dollar, US unemployment insurance, economic data
A sharp rise in consumer confidence in February fuelled a strong bounce by the dollar yesterday. At 5pm AEDT, the currency was trading at $1.0339, up US0.84c, after touching an intraday high of $US1.0361. A survey published by Westpac ...
Investors are betting the Australian market index can continue to push decisively beyond the 5000 mark for the first time in seven years as results from some of the blue-chip stocks and a rise in consumer confidence lent support to another ...
Tags: blue-chip stocks, Australia, investment
An unhealthy cash flow cycle exists among Australian businesses, with 62 per cent of accounts settled late and firms taking on average, 52 days to pay their bills, according to the latest Trade Payments Analysis by Dun & Bradstreet. The ...
The Australian dollar fell after gold prices dropped more than 1 per cent on Friday to a six-month low. At 6.30am AEDT the local unit was trading at 103.02 US cents, down from 103.64 cents at Friday’s local close. Gold prices ...
Tags: Gold Weakness, Australian Dollar, economy
Weaker investor sentiment sent the Australian dollar to its lowest levels since October in thin trading conditions because of the Lunar New Year celebrations in Asia. The sharemarket was flat, also in thin trading, as investors remained ...
Tags: Australian dollar, October, lowest levels
The Australian dollar was half a US cent higher after the US dollar lost ground against the euro and the yen in overnight trade. At 6.30am AEDT the local unit was trading at 103.05 US cents, up from 102.55 cents at yesterday’s local ...
The Australian dollar nudged higher in light trading today, with much of Asia closed for the Lunar New Year celebrations and a public holiday in Japan. By late afteroon, the Aussie was trading at $US1.0301, up from US$1.0299 late Friday. ...
The Australian dollar fell after US stocks lost ground overnight. At 6.30am AEDT the local unit was trading at 102.89 US cents, down from 103.01 cents at yesterday’s local close. US shares fell, after they reached five-year peaks ...
Tags: US shares, Australian dollar, US stocks
ArcelorMittal Flat Carbon Europe has reported the operation outcome for the fourth quarter and full year of 2012. The steel giant’s Flat Carbon Europe posted operating loss of 2,212 million Euro for the fourth quarter of 2012, ...
Tags: Flat Carbon, steel giant, steel demand
1/3 of computers sold worldwide in the fourth quarter of 2012 was a tablet, according to a survey. The research firm Canalys said that with PCs and tablets combined, the market grew 12 per cent year-on-year in the last three months of ...
Tags: computer sales, PCs, tablets