The Australian dollar softened yesterday after weaker-than-expected Chinese manufacturing data raised concerns over the momentum of recovery in the world's second-largest economy and Australia's biggest trading partner. The preliminary ...
Tags: PMI, Australian dollar, dollar
The sharemarket broke a 10-day winning streak yesterday after the US Federal Reserve said the country's economy had paused recently. However, the Australian bond market found support after a wave of selling. "Being the last day of the ...
Tags: stocks, US economy, sharemarket
The Australian sharemarket has closed slightly weaker, snapping a 10-day winning streak, after markets in the US fell. At 4.15pm AEDT, the benchmark S&P/ASX 200 index had fallen 17.9 points, or 0.37 per cent, at 4878.8 points, and the ...
Tags: Stocks, sharemarket, Ordinaries index
The Australian dollar fell following news the US economy contracted in the final three months of 2012. At 6.30am AEDT the currency was trading at 104.26 US cents, down from 104.73 US cents at yesterday’s local close. The currency ...
Tags: Australian dollar, US economy, currency
Pittsburgh, Pennsylvania-based specialty steelmaker Allegheny Technologies Incorporated reported Q4 2012 sales of $1.1 billion and net income of $10.5 million, which includes a "special charge" or $8.8 million. The special charge reflects ...
Tags: steelmaker, Allegheny Technologies, sales
US industry continued to choose up sides on the issue of liquefied natural gas exports Tuesday with chemical giant Huntsman announcing it was joining America's Energy Advantage, a new trade group dedicated to limiting gas exports from the ...
Tags: liquefied natural gas, exports, Huntsman, America
The so called ‘unfavorable policies’ of the Indian government and persistent ‘ill-health’ of the US economy have started showing the signs which may not be welcomed by Indian jewellery industry. Thomson Reuters GFMS ...
Tags: Tough Time, India, Jewellery Traders
The Australian sharemarket limped to a flat close after a dovish speech from Federal Reserve chairman Ben Bernanke and a strong production report from Rio Tinto failed to dissuade investors from taking profits following strong gains in ...
Tags: Australian sharemarket, Rio Tinto, economy
The Australian share market rose early today after dovish comments from Federal Reserve chairman Bernanke prompted short covering in some recent laggards. In a speech at the University of Michigan, the Fed chairman said there was "quite a ...
Tags: Australian Stockmarket, Bernanke, economy
A key Democratic senator on Thursday reiterated his concerns that a study commissioned by the US Department of Energy on LNG exports is "seriously flawed" and should not be used by the agency to grant permits to companies wishing to ship ...
US rail transportation of petroleum products last week increased 53.6% year-on-year, the Association of American Railroads said Thursday. Petroleum products carloads increased to 11,594 in the most recent week, from 8,007 carloads in ...
Tags: US, rail transportation, petroleum products
The US Treasury and Federal Reserve said they won't pursue a plan to mint a trillion dollar coin as a device to avoid the debt ceiling. "Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used ...
Tags: US, debt ceiling, US economy, debt limit
The sharemarket struggled to gain traction yesterday as investors traded cautiously after seven straight weeks of gains. The benchmark S&P/ASX 200 closed down 6.5 points,or 0.1 per cent,at 4717.3.It hit a 19-month high of 4750.7 in early ...
Tags: sharemarket, stocks, heavyweight stocks, fiscal
The sharemarket fell today, led by resources stocks after minutes of the Federal Reserve's December policy meeting sparked concern US stimulus measures might be scaled back sooner than expected. The Fed minutes, released Thursday, showed ...
Tags: sharemarket, resources stocks, Federal Reserve, Fed minutes
The United States Department of Commerce made final decision on December 18, 2012 to levy anti dumping duty of 44.99 to 70.63% and countertailing duty of 21.86-34.81 percent on China-produced wind towers. Statistics showed that China ...
Tags: anti dumping duty, US, US economy, China