The Australian dollar fell sharply after The Wall Street Journal reported a warning on the outlook for the Australian economy issued by ratings firm Standard and Poor's. At 5pm AEDT the dollar was buying $US1.04, down from $US1.0470 in ...
Tags: Dollar, Australian economy, investment
The Australian sharemarket had its strongest day in almost two weeks yesterday, outstripping minor gains on Wall Street as strength in healthcare stocks, banks, telecommunications and consumer discretionary companies offset a drop among ...
Tags: Australia, sharemarket, Wall Street
The trade deficit for November widened to $2.6 billion, from $2.4bn in October, the Australian Bureau of Statistics said. That was the biggest monthly shortfall since March 2008 and wider than analysts' expectations of $2.3bn. At 5pm AEDT ...
Tags: trade deficit, Australian Bureau of Statistics, Australia
The "stubbornly high" level of the dollar strengthens the case that the Reserve Bank will need to cut interest rates by as much as 100 basis points this year, according to ANZ Bank chief economist Warren Hogan. Despite the likelihood ...
Tags: Reserve Bank, ANZ Bank, Dollar, RBA
The Australian dollar gained yesterday after US politicians agreed on a range of measures designed to avert sweeping tax hikes and about $US110 billion ($105bn) in spending cuts, known as the fiscal cliff. The agreement boosted sentiment ...
Tags: Australian dollar, US, Dollar, fiscal cliff
Australian markets got off to a roaring start to 2013 yesterday, with the avoidance of the January 1 US fiscal cliff of tax increases and spending cuts combining with rising iron ore prices to send the stockmarket on its biggest one-day ...
Tags: shares, 2013, US, fiscal cliff, stockmarket
The Australian dollar gained today after US lawmakers agreed on a range of measures designed to avert sweeping tax hikes and around $US110 billion in spending cuts, known as the fiscal cliff. After weeks of negotiations that had already ...
Tags: Australian Dollar, US, Fiscal Cliff, currency
CITI has ended rival UBS's 11-year streak at the top of the stockbroking heap, as brokers warn that an imminent uptick in market activity is unlikely after the worst year since 2005. "I would say next year will be similar to this year in ...
Tags: CITI, an imminent uptick, stockbroking heap
THE Australian dollar is lower on speculation about Chinese growth and further rate cuts by Australia's central bank. At 07:00 AEDT,the currency was trading at$US1.0530,down from$US1.0534 yesterday afternoon. BK Asset Management ...
Tags: Australian dollar, China, BK Asset Management, PBA, US
Bloomberg quoted Treasurer Mr Wayne Swan before a government report on gross domestic product this week said that growth in Australia, the world's biggest exporter of iron ore and coal, may have slowed last quarter as commodity prices fell. ...
Tags: iron ore, coal, Australia, resource projects
Companies throughout Australia are being urged to perform a finance health check on their business or run the risk of paying thousands of dollars in unnecessary leasing costs. A leading finance leasing expert says many businesses could ...
Tags: finance, finance health check, leasing costs, interest rate cuts
Australian manufacturing activity contracted for the ninth straight month in November due mainly to an ongoing decline in new orders and production. The latest Australian Industry Group Australian Performance of Manufacturing Index ...
Tags: manufacturing activity, production, manufacturing businesses
Taipei, Nov. 13, 2012 (CENS)--Taiwan Mobile Corp., Chunghwa Telecom Co., Ltd. and Far EasTone Telecom Co., Ltd. made more-than-expected profits in the first 10 months of the year, with Taiwan Mobile leading industry peers. In the ...
Tags: Chunghwa Telecom Co., Far EasTone Telecom Co., Ltd., mobile, telecom
Islamabad: Pakistan cut interest rates by a greater-than-forecast 1.5 percentage points, seeking to bolster faltering growth with the first reduction since 2011 after inflation slowed to a more than two-year low. The State Bank of Pakistan ...
Tags: market view, cement
Record export sales and revenue in an increasingly challenging market Commenting on the results,Kumba Iron Ore Limited's("Kumba")CEO Chris Griffith said: "Kumba's solid focus on operations and strategy has delivered another strong set ...
Tags: Kumba, Iron Ore, mine produce, mining