Pressure is mounting on the banks to pass on to customers savings from the thawing in wholesale funding markets, with retailers and mortgage brokers seizing on revelations the banks are raising money at the cheapest rates in years. Ahead ...
Tags: rate cuts, funding markets, debt markets
Pakistan government has ratified the $1.5 billion Iran pipeline project, which will bring around 750,000 Mcf/day of gas to the energy-starved country by January 2015, an official from petroleum ministry said Thursday. The federal ...
Tags: Iran, pipeline project, petroleum
The Japan government recently started its quantitative easing (QE) policies putting pressure on other Asia currencies. Taiwan's premier Sean Chen has urged Taiwan's central bank to adopt necessary measures to stabilize domestic prices and ...
Tags: Taiwan, Central Bank, Global Currency Battle
At 5pm AEDT, the Aussie was trading at $US1.0452, up from $US1.0449 on Friday. Since 7am AEDT, the local currency traded between $US1.0406 and $US1.0454. CMC Markets foreign exchange dealer Tim Waterer said the dollar had fallen over ...
Tags: AEDT, Aussie, local currency
The sharemarket surged to a 21-month high yesterday as investors dumped bonds and rushed to buy equities in response to an improving global growth outlook. Overnight on Monday, the US reported a 4.6 per cent rise in durable goods for ...
Tags: sharemarket, global growth outlook, US
According to the provisional data released by the Central Bank of the Republic of Turkey, in January this year the capacity utilization rate in the Turkish basic metal manufacturing industry was 77.4 percent, falling 1.9 percentage points ...
Growing evidence of an emerging economic recovery in Europe pushed the Australian dollar to three-week lows today. Some market watchers say this might signal an important shift in direction for the currency. Traders say heavy-selling of ...
Tags: Dollar, Australian dollar
The Australian dollar fell as news that North Korea planned more rocket launches hurt sentiment already weakened by disappointing earnings from Apple and a downgrade to the International Monetary Fund's global growth forecast. At 4.08pm ...
Tags: Dollar, Aussie dollar, Australian dollar
The Australian dollar fell as a slower-than-expected rise in consumer prices in the fourth quarter stoked the case for another interest rate cut. Consumer prices rose 2.2 per cent in the fourth quarter from a year earlier and 0.2 per cent ...
The sharemarket rose yesterday, led by BHP Billiton after its first-half production report broadly met expectations. Australia's big four banks climbed on speculation that interest rates may drop further. The benchmark S&P/ASX 200 ...
Tags: sharemarket, BHP, banks
By Omar al-Shaher, for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iraq Business News. Privately held Iraqi banks have almost entirely relinquished their traditional functions ...
Tags: Questions, Private Banks, Iraq
The Australian sharemarket has closed flat as investors gave a muted response to the Bank of Japan's plan for a more expansionary 2 per cent inflation target. At 4.15pm AEDT today, the benchmark S&P/ASX 200 index was up 1.6 points, or ...
Tags: stocks, Australian sharemarket, share price
The Australian dollar rose after Japan's central bank announced an expansion of its monetary stimulus plans. At 7am AEDT the Australian dollar was at 105.66 US cents, up from yesterday’s local close of 105.55 cents. BK Asset ...
Tags: Australian dollar, Japan stimulus, US cents, dollar
The Australian sharemarket had its strongest day in almost two weeks yesterday, outstripping minor gains on Wall Street as strength in healthcare stocks, banks, telecommunications and consumer discretionary companies offset a drop among ...
Tags: Australia, sharemarket, Wall Street
The Australian dollar was little changed yesterday in Asian trading, in a muted response to remarks from US Federal Reserve chairman Ben Bernanke that the world's largest economy still had quite a way to go towards recovery, despite recent ...