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Australian Stockmarket Opened Higher Following Gains on Wall Street

Jul 10, 2013

THE Australian stockmarket opened higher following gains on Wall Street and European bourses as Alcoa kicked of the US earnings season. The aluminium producer posted a sharp Q2 loss of $US119 million ($130.989 million) citing ...

Tags: Metallurgy, Mineral, Energy

The Call Was Made at a Parliamentary Reception Last Week Hosted by Plastics 2020

Jul 5, 2013

The call was made at a parliamentary reception last week hosted by Plastics 2020, the industry umbrella group run by the British Plastics Federation (BPF), the Packaging and Films Association (PAFA) and Plastics Europe. The plastics ...

Tags: Packaging, Printing, Plastics Industry

The Survey Has Been Conducted by Germany's Plastic Trade Association IK

Jul 5, 2013

The survey has been conducted by Germany's plastic trade association Industrievereinigung Kunststoffverpackungen (IK). In a statement, IK said: "Foreign enterprises are able to calculate with much lower energy costs: at times power costs ...

Tags: Packaging, plastic trade, Plastic Packaging

Australian Shares Are One Per Cent Higher as Egypt Uncertainty Lifts Oil Price

Jul 5, 2013

AUSTRALIAN shares are one per cent higher as the military overthrow of Egyptian president Mohamed Morsi boosts the price of crude oil and shares in energy companies. The strong gains continue the volatility on the market, with shares ...

Tags: Market Rises, economy, stock

Rapidly Falling Australian Dollar Has Negative Impact on Business Confidence, Fuel Prices

Jul 5, 2013

OPPOSITION treasury spokesman Joe Hockey says the rapidly falling Australian dollar is having an "immediate negative impact" on business confidence and fuel prices, despite being good for exporters. Mr Hockey said falling interest rates ...

Tags: Treasury, cash, stock

Bearish Bets for Dollar Turni Savage with Credit Suisse Slashing Its Forecast to US75c

Jul 5, 2013

BEARISH bets for the dollar are turning savage, with Credit Suisse slashing its forecast to US75c after conceding the currency is "normalising" quicker than it expected. In one of the biggest dollar calls in the market by a major bank, ...

Tags: Credit Suisse, dollar, bank

Bearish Bets for Australian Dollar Turn Savage with Credit Suisse Forecast to US75c

Jul 5, 2013

BEARISH bets for the Australian dollar are turning savage, with Credit Suisse slashing its 12-month forecast to US75 cents after conceding the currency is "normalising" quicker than it expected. In what may be the biggest dollar call by a ...

Tags: Australian dollar, economy, bank

Australian Dollar Is Higher After a Comment From Reserve Bank Governor Glenn Stevens

Jul 5, 2013

THE Australian dollar is higher after a comment from Reserve Bank governor Glenn Stevens that caused the local currency to fall to a three-year low was dismissed as a lighthearted remark. At 5pm today, the local unit was trading at 91.06 ...

Tags: dollar, bank, economy

Dollar Received Fillip as Financial Markets Had Misinterpreted Comments

Jul 5, 2013

THE dollar received a fillip yesterday after a top Reserve Bank official said financial markets had misinterpreted comments by governor Glenn Stevens that seemed to indicate another rate cut was imminent. Philip Lowe, deputy governor of ...

Tags: economy, market, financial market

US Oil Prices Rose Above $US100 a Barrel for The First Time in More Than a Year

Jul 5, 2013

US oil prices rose above $US100 a barrel for the first time in more than a year, following political unrest in Egypt and a sharp fall in domestic stockpiles. Light, sweet crude for August delivery rose $US1.64, or 1.7 per cent, to ...

Tags: oil futures, oil, mineral

Stockmarket Rebounded to Sit 1.1 Per Cent Higher

Jul 5, 2013

IN another wild swing that extended the volatile start to the financial year, the stockmarket rebounded to sit 1.1 per cent higher after fresh data pointed to a strengthening US economy. Materials and energy stocks led the recovery from ...

Tags: US economy, market, economy

US Stocks Rose as Investors Weighed Jobs Data Against Political Turmoil

Jul 5, 2013

US stocks rose as investors weighed better-than-expected jobs data against political turmoil in Portugal ahead of a key jobs report due Friday. The Dow Jones Industrial Average rose 56.14 points, or 0.4 per cent, to 14,988.55, in a quiet ...

Tags: Jobs Data, data, jobs

Global Growth in IT Spending Is Slowing, According to Analyst Group Gartner

Jul 3, 2013

Global growth in IT spending is slowing, according to analyst group Gartner, which forecasts that total spending in 2013 will amount to $3.7 trillion, an increase of just two per cent on the $3.6 trillion that it believes was spent ...

Tags: IT, Computer Products, software

The High Point Market Authority Approved a Preliminary Budget of $4.89 Million

Jul 3, 2013

Directors of the High Point Market Authority approved a preliminary budget Wednesday of $4.89 million for the upcoming fiscal year - a spending projection that could rise as much as $200,000 once the North Carolina legislature finalizes the ...

Tags: Furniture, Furnishing, economy

The Architecture Billings Index Has Bounced Back in May

Jul 3, 2013

Following the first reversal into negative territory in ten months in April, the Architecture Billings Index has bounced back in May. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve ...

Tags: Lights, Lighting

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