The Australian dollar shrugged off the Reserve Bank of Australia’s latest interest rate cut today, clawing back almost half of the value it lost yesterday, on the back of better Chinese trade data. The local unit traded around ...
Tags: China Surplus, Cool Dollar
Companies should be using the high dollar as an opportunity to invest in businesses offshore, says Francesco de Ferrari, a senior private banker with Credit Suisse. "Big companies should go on a shopping spree. The entrepreneurs get it ...
Tags: Credit Suisse Banker, economy
Holden has announced a net loss of $152.8 million for the 2012/2013 financial year – the second largest in its history – a result it blames predominantly on reduced demand for its Australian-made vehicles. The local ...
Tags: Holden, Second-Biggest Loss
SMR Automotive will shift part of its production from Adelaide to Thailand, at a cost of up to 90 local jobs. A supplier of rear-view mirrors, indicators and door handles for local manufacturers Ford, Holden and Toyota, SMR Automotive ...
Tags: SMR Automotive, Auto Parts
The Australian dollar fell to a fresh two-month low during overnight trade, before recovering most of its lost ground amid gains on US share markets. The currency fell to 101.55 US cents early this morning as traders in Europe and the US ...
Tags: Australian dollar, dollar
The dollar has bounced back from losses made after the central bank's surprise interest rate cut, thanks partly to some positive Chinese trade figures. At 5pm AEST, the local unit was trading at $US1.0201, up from $US1.019 yesterday. ...
Tags: dollar, financial technician
Australian businesses will keep cutting their spending this year, with expectations for capital investment, employment and new credit set to fall further. The deteriorating outlook for the September quarter suggests that despite pockets ...
Australian stocks recovered from a steep intraday fall to close only marginally lower yesterday, as the Reserve Bank cut interest rates to a record low. The benchmark S&P/ASX 200 closed down 12.5 points, or 0.2 per cent, at 5143.7, after ...
Tags: Stocks Lift, Australian stocks
The Australian dollar is lower ahead of the Reserve Bank of Australia's interest rate decision. At 6.30am AEST the currency was trading at 102.53 US cents, down from 102.72 US cents at yesterday’s local close. The Reserve Bank of ...
Tags: Australian Dollar, RBA Rates
The dollar hit two-month lows after the central bank surprised economists by cutting interest rates to record lows and warned that the high exchange rate is continuing to act as a brake on growth. The Reserve Bank of Australia defied most ...
Tags: Dollar, Record Low
Local shares closed higher yesterday, even after paring a sharp rise early on in the session, as investors took profits ahead of an interest rate decision due from the Reserve Bank of Australia today. The stockmarket was buoyed by growing ...
Tags: Local shares, US Jobs Growth
The dollar is still higher after getting a boost from better US employment figures, increasing optimism about the America's economic recovery. At 5pm AEST, the local unit was trading at $US1.0272, up from $US1.0254 on Friday. The Aussie ...
Tags: US Unemployment Rate, Service
The Australian dollar has pushed above 103 US cents on news of improvements in the US jobs market. At 6.30am AEST the currency was trading at 103.15 US cents, up half a cent from 102.54 US cents on Friday afternoon. The Australian ...
Tags: Australian Dollar, US Jobs Data
The Australian dollar moved slightly higher amid gains on US share markets. At 6.30am AEST the currency was trading at 102.49 US cents, up from 102.36 US cents at yesterday’s local close. The Australian dollar made modest gains ...
Tags: Australian Dollar, US Stock
The sharemarket pared an early rise as profit-taking emerged before the release of US non-farm payrolls data due overnight. Strong earnings results from Westpac and Macquarie Group, together with a jump in resources stocks, initially ...