Russia's President Vladimir Putin warned world leaders at the G20 Summit that economic risks remained. "Our main task is returning the global economy towards steady and balanced growth. This task has unfortunately not been resolved. ...
Tags: Economic Crisis, economy
Ferrous scrap prices held stable Friday as market participants, waiting for an industry conference next week to give clarity to price direction, reported no deals or firm offers. Platts' daily assessment Friday stood at $360/mt CFR ...
Tags: Ferrous Scrap, Mineral
Gold futures on the COMEX division of the New York Mercantile Exchange on Wednesday went down to settle at their lowest in nearly two weeks, as the US faced opposition from Russia on a military strike against Syria, eroding demand for gold ...
Tags: Gold futures, Mineral
Sport exchange rate of the Chinese currency Yuan, or RMB, against the US Dollar slipped by 0.15 percent in August 2013. Hurt by worries that the US Federal Reserve will slash the QE size in September, the currencies of emerging markets ...
Tags: China Yuan, economy
THE dollar dipped below the US90c mark yesterday as expectations of a rate cut next week rose following bearish rhetoric from the Reserve Bank governor. At 5pm AEST the local unit was trading at US89.58c, down from US90.16c on Wednesday. ...
THE Australian share market has edged higher as investors react to positive news out of China and uncertainty in the US. The S&P/ASX 200 dropped off in afternoon trade today, which Stock Report analyst Benny Sada said reflected market ...
Tags: economy, Share Market
The Australian dollar was half a US cent lower after Wall Street stocks lost ground ahead of the US Federal Reserve meeting later in the week. At 6.30am AEST the local unit was trading at 92.00 US cents, down from 92.45 cents at ...
Tags: Australian Dollar, Service
Chinese banks bought less foreign exchanges than they sold in its bank-to-client forex transactions in June, registering a deficit of $400 million, latest data showed Monday. It is the first such deficit since September, according to the ...
The 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 ...
The Australian dollar has fallen after China's finance minister Lou Jiwei said the world's second biggest economy would be unlikely to receive a massive stimulus this year. At 1700 AEST on Thursday, the local unit was buying 91.52 US ...
Tags: Australian dollar, Lou Jiwei
THE 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
THE 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
THE 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
THE 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
THE 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