Gold is still trading at more than US$1,600 an ounce, a figure far too high to make a profit selling gold jewellery. But according to the latest World Gold Council report, a change in the price of the precious metal may be on the horizon. ...
Tags: WGC, Comeback, Gold Jewellery Demand
Prime Minister Gillard … ‘tough but responsible’ Business and industry groups have expressed concern at the federal government proposal to strip $1 billion in tax concessions from Australia’s biggest companies as ...
The dollar was higher late today after the central bank signalled that, while another interest rate cut was possible, it was in no mood to deliver it just yet. At 4.05pm AEDT, the Aussie was trading at $US1.0324, up from $US1.0296 late ...
Tags: Dollar, Reserve Bank, Rate
The sharemarket closed at its highest level in more than four years, with gains across the board. The benchmark S&P/ASX 200 index had risen 18.5 points, or 0.37 per cent, to 5081.9 points, while the broader All Ordinaries index had added ...
Tags: Stocks, sharemarket, benchmark
The sharemarket rose to a multi-year high yesterday amid growing optimism about corporate earnings and continued weakness in the domestic bond market. Minutes from the Reserve Bank's February board meeting left the door open to more ...
Tags: Earnings, sharemarket, bond market
The Australian dollar rose after stock markets gained ground overnight, helped by the release of better than expected German economic sentiment data. At 6.30am AEDT the local unit was trading at 103.69 US cents, up from 103.29 cents at ...
The dollar is more than half a US cent lower after a meeting of G20 finance ministers helped fuel a continued sell-off in the yen. At 5pm AEDT, the currency was trading at $US1.0295, down from $US1.0364 on Friday. OzForex head of ...
Tags: Dollar, US cent, currency war
Profit after tax and before significant items was up 5.7% to $322m for the six months up to 31 December 2012. Amcor managing director and chief executive Ken MacKenzie said: “The first half result represented a record underlying ...
Tags: Tobacco Packaging, Specialty Folding Carton Operations
The Australian dollar was near-unchanged after a quiet night of trade with US markets closed for the President's Day public holiday. At 6.30am AEDT the local unit was trading at 102.96 US cents, a touch higher from 102.95 cents at ...
Tags: Australian dollar, US markets, cents
The Australian dollar was lower yesterday as the US dollar strengthened after the Group of 20 industrial and developing countries fell short at the weekend of openly criticising governments that seek to deliberately devalue their ...
Tags: Aussie dollar, yen, US dollar
Absorbable surgical adhesives and sealants developer Cohera Medical has obtained $17m in Series D financing through private investors. The capital will be used by the company to expand adoption of its internal surgical adhesive in Germany ...
Tags: adhesives, sealants, surgical adhesive
Original equipment manufacturer spending on semiconductors for wireless applications is expected to reach $69.6bn. According to a report by IHS, semiconductor spending among original equipment manufacturers (OEMs) for wireless ...
Tags: Mobile Applications, Semiconductor Spending, 2013, IHS
But passing the half-way mark of this interim profit season, we now have proof that his real error was putting a super-profits tax on the wrong industry. While profits were sliding at Rio Tinto, OZ Minerals and Wesfarmers' coal division, ...
Tags: Stocks, investment, Australia
At 1700 AEDT, the local currency was trading at 103.64 US cents, up from 103.50 cents on Thursday. Westpac chief currency strategist Robert Rennie said the Australian dollar traded in a narrow range on Friday but remained well supported. ...
Market sentiment was aided by news that China's Citic Resources was taking a big stake in Alumina. The benchmark S&P/ASX 200 closed up 0.7 per cent at 5036.9. This year it is up 8.3 per cent after rising 15 per cent in 2012. Trading value ...
Tags: Citic Resources, Alumina, stock market