The Australian dollar is slightly higher after it was taken on a roller coaster ride over the past 24 hours. The currency dropped yesterday afternoon to an almost three-year low of 94.35 US cents, but in offshore trade last night it ...
Tags: Dollar, US Economic Figures
"I am pleased to announce that Burndy LLC and Burndy Canada Inc.—affiliates of Hubbell Inc.—have acquired Connector Manufacturing Co. (CMC) and Canadian Connector Corp. (CCC), respectively, and their Barfield products brand," ...
Tags: Electronics
The sharemarket closed more than 1 per cent lower as weak GDP figures prompted investors to dump banking stocks. At the close today, the benchmark S&P/ASX200 index was down 65.6 points, or 1.34 per cent, at 4835.2. The broader All ...
The Australian dollar is slightly higher as investors shrugged off weak economic data and sat on the sidelines waiting for bigger events. At 5pm AEST, the local unit was at 96.56 US cents, up from 96.41 cents on Friday, and at its high ...
Tags: Dollar, Investor, Economic Data
The sharemarket was flat in mixed trading today, with resources companies down on the back of concern about China's economy, and banks and telecommunications mostly up on account of their high dividend yields. Citi upgraded its year-end ...
The sharemarket broke a five-day losing streak, as Japan's sharemarket stabilised and S&P500 futures pointed to modest gains on Wall Street. Resources stocks remained jittery after recent signs of weakness in China, while banks and ...
Tags: Stocks, sharemarket
Petroleum futures were slightly bearish Monday, with ICE July Brent settling 2 cents lower at $102.62/barrel. Volumes were low and markets rangebound for the most part because of holidays on both sides of the Atlantic. Electronic trading ...
THE dollar slipped during quiet Asian trading yesterday as dealers waited for testimony by US Federal Reserve chairman Ben Bernanke, due overnight last night. Analysts and traders believe that Mr Bernanke's comments will be critical for ...
Tags: economy
The sharemarket opened the week with a solid gain yesterday on signs of recovery in the US economy ahead of Federal Reserve chairman Ben Bernanke's monetary policy testimony on Wednesday (US time) before the joint economic committee of ...
Tags: Sharemarket, Solid Gain
The sharemarket has closed higher, led by investors picking up cheaper mining stocks after heavy selling in recent days. At the close today, the benchmark S&P/ASX200 index was up 15.1 points, or 0.29 per cent, at 5180.8. The broader All ...
The dollar continued to test fresh 11-month lows, extending a week-long decline built on rising concerns about the outlook for the resources-rich economy and renewed strength in the US dollar. Late today, the Aussie was trading at ...
Tags: Dollar Down, Service, Economic Outlook
The sharemarket closed flat ahead of tomorrow's federal budget and after the Aussie fell below parity with the greenback. At the close today, the benchmark S&P/ASX200 index was up 4.2 points, or 0.08 per cent, at 5210.3 points. The ...
Tags: Stocks, sharemarket
The dollar remained below parity with the greenback as speculation about a winding back of US quantitative easing buoyed the American currency. The Australian dollar fell below 100 US cents shortly after 9am AEST today, repeating its ...
Tags: Australian Dollar, US Currency
THE sharemarket has closed flat, held back by weakness among the major banks and expectations of a pause on interest rate cuts following the release of encouraging jobs figures. The benchmark S&P/ASX200 index was down 1.4 points, or 0.03 ...
Tags: economy
The sharemarket has closed at its best level in almost five years, driven by record US market highs and positive Chinese trade data. The benchmark S&P/ASX200 index closed up 56.1 points, or 1.09 per cent, at 5199.8 points. The broader ...
Tags: CMC Markets, economy