The Australian dollar has opened firmer despite some positive US manufacturing activity data. At 6.30am AEST the local unit was trading at 92.36 US cents, up from 91.99 cents at yesterday’s local close. The currency regained ...
THE Australian dollar has opened at its weakest level since August 2010 as US equity markets slide. At 6.30am AEST the local unit was trading at 91.17 US cents, down from 92.62 cents at Friday's local close. The currency fell below 92 ...
Tags: Australian Dollar, economy
Investors around the globe are on edge amid more volatility in financial markets as Wall Street attempts to wean itself off stimulus and fears intensify about China's banking system, sending Australian shares sharply lower to the point of ...
Tags: Investors, Wall Street, Financial Markets
Concerns about the global economy and political unrest in Canberra are cruelling appetite for takeovers, with some of the nation's top dealmakers tipping companies to remain on the sidelines until economic clouds clear. In a sign of the ...
Wall Street plans to hold a simulated cyber-attack against equity markets this month that experts hope will set an example of how industries should test their defences against assailants. Called Quantum Dawn 2, the drill will involve big ...
Tags: Wall Street, Security Defences
The Aussie fell after the central bank left the door open for more interest rate cuts and forecast the currency might fall further as commodity prices slide. The minutes of the Reserve Bank of Australia's policy meeting on June 4 showed ...
Crude futures diverged late in the US trading day Wednesday, as the front-month ICE Brent contract slid from a session high of $104.07/b to a low of $102.85/b in a little over 40 minutes. ICE July Brent settled 20 cents lower at ...
Tags: Crude Markets, Chemicals, Brent
The worst month on the stockmarket in a year has taken the wind out of investors, with confidence retreating from highs earlier this year amid increasing concern about the global economy and the endgame for stimulus from central banks. ...
Tags: Stockmarket, May
Crude futures fell to fresh lows immediately ahead of the 2:30 p.m. EDT (1830 GMT) market settle Wednesday, as the oil complex extended an overnight selloff in US trading after equity markets slid throughout the the session. NYMEX July ...
Tags: Metallurgy, Mineral, Energy, oil
THE Australian and US equity markets have now been officially downgraded to "underweight" by Citi Australia, having run up past their December 2013 share index targets already. Citi strategist Tony Brennan said price-earnings valuations ...
Tags: Service
Oil futures closed US trading above Friday's settles Monday, after driving higher shortly ahead of the 2:30 p.m. EDT (1830 GMT) NYMEX market settle on geopolitical concerns arising out of the escalating conflict in Syria. NYMEX June crude ...
Tags: Oil Futures, Chemicals
The boss of Britain's biggest food manufacturer Premier Foods Gavin Darby says the firm has too many suppliers. Premier Foods' Power Brands recorded their fifth successive quarter of sales growth. But doubts remain about the firm's debt ...
Tags: Agriculture, Food
SHARES climbed yesterday following a rally in Japanese stocks and as some analysts saw potential for the Reserve Bank to cut interest rates next month. The benchmark S&P/ASX 200 closed up 0.7 per cent at a two-day high of 4966.6. The ...
Tags: economy
The sharemarket fell for a second consecutive day, with goldminers leading declines in cyclical sectors as the gold price rout continued in the wake of Monday's disappointing economic data from China, which added to recent concern about the ...
Tags: Goldminers, sharemarket
In another time the $5.07 billion price tag for NSW ports sold last Friday might have been the sort of deal to get a roll on for the market's deal junkies. After all, it's not often the market estimates for the price -- $2.5bn to $3bn -- ...
Tags: NSW, market estimates