The sharemarket is set to enter the final trading day of the year on edge after worries that US politicians would not be able to avert the looming fiscal cliff sent US stocks on their biggest one-day fall in more than a month. Futures ...
Tags: sharemarket, US politicians, fiscal cliff, stocks
The Australian dollar is slightly lower amid doubts there will be a successful outcome to the US budget negotiations. At 07:00 AEDT, the local unit was trading at $US1.0366, down from $US1.0374 on Friday. The main driver for markets ...
Tags: Australian dollar, outcome, US budget negotiations, fiscal cliff
Strong Chinese manufacturing data was not enough to shake the Australian dollar from its slumber yesterday, with traders glued to any news from Washington as talks over the so-called fiscal cliff went down to the wire. The Aussie ...
Tags: Aussie dollar, Washington, negotiations, fiscal cliff
CITI has ended rival UBS's 11-year streak at the top of the stockbroking heap, as brokers warn that an imminent uptick in market activity is unlikely after the worst year since 2005. "I would say next year will be similar to this year in ...
Tags: CITI, an imminent uptick, stockbroking heap
The Australian sharemarket closed higher yesterday as US President Barack Obama cut short his Christmas holiday to return to Washington for talks aimed at avoiding the so-called fiscal cliff. Locally,investors remained optimistic that ...
Tags: Stock, sharemarket, tax, bank
THE Australian dollar is higher as sentiment about the US budget negotiations continues to be the main driver for financial markets. US President Barack Obama cut short his Christmas holidays in Hawaii to return to Washington for talks ...
Tags: in Bumpy Trade, Australian Dollar
THE Australian dollar is lower, trading on thin volumes, as investors remain cautious about the US budget negotiations. THE Australian dollar is lower, trading on thin volumes, as investors remain cautious about the US budget ...
Australia's federal government will establish an Anti-Dumping Commission and introduce stricter remedies against overseas producers in a bid to protect Australia's manufacturing industry. The changes will be a major boost for Australia's ...
Tags: Australia, Anti-Dumping Measures, Anti-Dumping Commission
The local sharemarket's stellar finish to the year threatens to be curtailed by faltering US political efforts to avoid the"fiscal cliff"of$US600 billion tax rises and spending cuts automatically coming into effect on January 1. Despite ...
Tags: equities, fiscal cliff, US economy, political efforts
Commodity trader Glencore has said it wants to be a "true leader" in global grain trading after completing its acquisition of Viterra in a deal worth US$6bn. Glencore said this week its completion of the deal hands it "immediate critical ...
Tags: Commodity trader Glencore, global grain trading, acquisition
AUSTRALIAN shares ended a holiday-shortened trading session modestly higher today,with gains in the mining and financial sectors pushing the market to an 18-month high. The rise sets the market up to end the year almost 14 per cent ...
Tags: shares, market, stocks, financial sectors
THE Australian dollar's recent rally may be pausing at the moment,but that doesn't mean it has stopped. Reading between the lines of an interview with Reserve Bank of Australia governor Glenn Stevens this week,there might well be reason ...
Tags: Australian dollar, Aussie, RBA
The Australian dollar is slightly lower on concerns the United States'budget problems will not be resolved before the year's end. At 07:00 AEDT,the currency was trading at$US1.0488,down from$US1.0491 yesterday afternoon. Bank of New ...
Tags: THE Australian dollar, currency, dollar, fiscal cliff
The NSW manufacturing sector will work with the NSW Government to drive improved industry/research collaboration, ease the regulatory load and create opportunities for SME to bid for billions of dollars’ worth of government ...
Tags: NSW, Service, Manufacturing
LOCAL shares rose for the third straight day today, hitting a fresh 17-month high as investors sought defensive and higher-yielding stocks as concern grew over the fate of US negotiations on the so-called fiscal cliff. The benchmark ...