Australian stocks closed about half a per cent lower as the big resources companies dragged the market down following falls in China. At the close today, the benchmark S&P/ASX200 index was 28.5 points, or 0.57 per cent, lower at 4,966.5. ...
Tags: Australian Stocks
The Australian dollar fell sharply today after China announced a tightening of controls on high-yielding financial products that form a key part of the country's shadow-banking system. Traders said the announcement highlighted risks that ...
Tags: Financial Rules, Australian Dollar, high-yielding financial products