THE dollar has opened firmer, with gains on US and European sharemarkets helping lift the currency near $US1.05. At 7am AEDT, the Aussie was at $US1.0486, up from yesterday's local close of $US1.0465. The local unit reached a high of ...
THE Australian dollar rose to a two-month high on the back of news of a bailout deal to support banks in Cyprus and its embattled government. The bailout will consist of US$10 billion in financing for the government and require the ...
Tags: ceonomy, Australian dollar
Investors ignored positive offshore leads yesterday as political uncertainty grew following the dramatic events in Canberra throughout the afternoon. The benchmark S&P/ASX 200 closed down 0.2 per cent at 4959.4 points, reversing an early ...
Tags: benchmark, Canberra Chaos, Reverse
THE Australian dollar has closed higher, climbing back above 104 US cents as the turmoil in Cyprus prompted fresh buying of the local currency. Westpac chief currency strategist Robert Rennie said the Australian dollar represented ...
Tags: Australian Dollar, economy
The Australian Bureau of Resources and Energy Economics (BREE) has revised its estimations for Australian nickel production in 2012-13. According to the latest estimates, world refined nickel production increased to around 1.7 million mt in ...
Tags: Metallurgy, Mineral, Energy, nickel
A STEADY-AS-SHE-GOES statement from the US central bank and easing fears about Cyprus has had little impact on the Australian dollar. At 7am AEDT, the local unit was trading $US1.0379, level with where it ended the local session ...
LABOR veteran Simon Crean's dramatic decision to call for a leadership spill pushed the Australian dollar down in the immediate aftermath of his announcement. The currency was trading at $1.0373 at 5pm AEDT, down from $US1.0391 at 1pm ...
Tags: LABOR Turmoil, economy, Dollar
The dollar has largely held its ground against a global wave of negativity stemming from Cyprus' rejection of a bank deposit levy. At 5pm AEDT, the currency was trading at $US1.0379, down slightly from $US1.038 yesterday. CMC markets ...
Tags: Dollar, Australian dollar, currency
Australian miners Rio Tinto and Xstrata will cut 100 jobs each in their coal divisions, with Xstrata planning to consolidate its New South Wales and Queensland coal divisions, while closing its Brisbane office, according to media reports. ...
After the quietest year for mergers and acquisitions last year since the global financial crisis, bankers and lawyers are hoping deals in their pipelines will soon come to market and lift volumes. However, activity this year is down more ...
Tags: financial, Australian dollar, dollar
The Australian dollar fell after the Cypriot parliament failed to pass a bank deposit tax that was a condition of a bailout for the island nation. At 6.30am AEDT the local unit was trading at 103.63 US cents, down from 103.80 cents at ...
Tags: Australian dollar, US cents, European Union
The Port of Brisbane has recorded container throughput of over 1 million containers for the first time. Port of Brisbane Pty Ltd (PBPL) chief executive officer Russell Smith said the result marked a significant milestone in the port's ...
Tags: Service
The dollar edged lower after investors reacted negatively to an international bailout package for Cyprus that raised concerns about fresh upheaval in the eurozone. The eurozone has taken the unprecedented step of proposing a new levy on ...
Tags: Dollar, eurozone, risk assets
At least 150 workers at CSR’s Viridian glass-making factories in western Sydney confront the closure of their plants and the destruction of their jobs, in the latest of the swathe of job cuts sweeping through the manufacturing sector ...
Tags: glass workers, glass, glass making factories
The Australian dollar rose following a gain in gold prices overnight. At 6.30am AEDT today the local unit was trading at 103.94 US cents, up from 103.60 cents at yesterday’s local close. Gold settled at the highest price in almost ...
Tags: Gold, Safe-Haven Status, economy