The sharemarket completed its biggest weekly drop in a year as a cocktail of global and domestic concerns drove the nation's benchmark index down all but once in the past five days. The S&P/ASX 200 index slumped 3.8 per cent this week as ...
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
A BRIGHTER end to what was a torrid week for mining stocks helped carry the sharemarket to a modest 0.2 per cent gain yesterday. After making a bold start, the benchmark S&P/ASX 200 index drifted lower throughout the trading session, only ...
Tags: economy
Shanghai-listed shares in Fuyao Glass edged up 0.2% today after the big auto glass maker controlled by Chinese billionaire Cho Tak Wong said it had eked out an increase in 2012 earnings. Net profit rose by 0.8% to 1.5 billion yuan, or ...
Tags: Fuyao Glass, Glass, Glass Industry
The Australian Manufacturing Workers Union (AMWU) has called on Australian governments to show more support for the nation's manufacturing sector. The union claims governments are now buying fewer locally-made cars at a time when they ...
Tags: manufacturing, manufacturing sector, Manufacturing Workers
The dollar was higher late today following strong economic data showing rising house prices in the fourth quarter of 2012 and solid gains in consumer sentiment in March. At 4.50pm AEDT, the Aussie fetched $US1.0313 compared with US$1.0282 ...
Tags: dollar, strong economic data, house prices
THE Australian dollar was higher in late Asian trading yesterday after strong economic data showing rising house prices in the fourth quarter of 2012 and solid gains in consumer sentiment in March. At 5pm AEDT it was buying $US1.0314, up ...
Tags: economy
The federal government will launching a new $40 million-a-year research project to try and make the digital economy the key driver of the nation's wealth in post-mining boom Australia. Communications Minister Stephen Conroy and the ...
The trade deficit for November widened to $2.6 billion, from $2.4bn in October, the Australian Bureau of Statistics said. That was the biggest monthly shortfall since March 2008 and wider than analysts' expectations of $2.3bn. At 5pm AEDT ...
Tags: trade deficit, Australian Bureau of Statistics, Australia
The Australian dollar is expected to face a"difficult year"this year,as concerns about risks to the world economic environment ease and weak domestic factors come into play,according to a new report by HSBC's currency analysts. "While the ...
Tags: Fresh Headwinds, Australian dollar, risk, resilient performance
The Western Australia state government said that Ms Julia Gillard’s PM of Australian, tax on iron ore and coal company profits is illegal because it limits state governments’ ability to finance development. Western Australia ...
Tags: iron ore, coal, mine tax, Minerals Resource
ABC News reported that iron ore prices have bounced back after bottoming three months ago, reigniting many shelved expansion plans. A once in a century mining boom has driven the Australian economy, sustained by China's huge appetite ...
Tags: iron ore prices, iron ore, mining, Australian economy
Mining companies would give their eye teeth to exploit Afghanistan’s recently discovered $1 trillion of untapped mineral wealth, but analysts warn that corruption, war and lack of basic infrastructure are likely to continue delaying ...
Tags: mining, mineral wealth, Afghanistan, energy
The "stubbornly high" level of the dollar strengthens the case that the Reserve Bank will need to cut interest rates by as much as 100 basis points this year, according to ANZ Bank chief economist Warren Hogan. Despite the likelihood ...
Tags: Reserve Bank, ANZ Bank, Dollar, RBA
The sharemarket started the new year with a bang as US politicians agreed on a budget deal to avoid the worst of the so-called fiscal cliff, which had threatened to derail the world's biggest economy. The benchmark S&P/ASX 200 closed up ...
Tags: sharemarket, bang, US, fiscal cliff