Resource companies have shaken off a slowdown in Chinese manufacturing to help the Australian sharemarket finish higher. At 4.15pm AEST, the benchmark S&P/ASX200 index was up 18 points, or 0.36 per cent, at 5035.1. The broader All ...
Tags: Chinese Woes
The Labor Government's push to transform Australia's manufacturing industries took a huge step forward today with the opening of the Fibre Processing and Carbon Nexus buildings in Geelong. Innovation Minister Senator Kim Carr opened the ...
Tags: Aussie Govt, Fibres
The Australian dollar gained after China's central bank said it would lift controls on lending interest rates, allowing financial institutions to set them. At 6.30am AEST the local unit was trading at 91.83 US cents, up from 91.71 cents ...
A COMMENT by the Reserve Bank of Australia that Australia's tumbling currency would push up inflation over time fuelled a sharp rise by the Aussie in Asia today. In minutes of its July 2 policy meeting, the Reserve Bank of Australia said ...
The online shopping market in Australia continues to grow strongly and in 2013 is expected to account for 7% of total retail sales. Total online spending is forecast to amount to $18.3 billion in 2013, with the average annual spend online ...
Tags: Aussie Retail Sales, Apparel
THE Australian dollar is higher after the US Federal Reserve chairman eased concerns about the tapering of the central bank's economic stimulus program. At 1700 AEST on Thursday, the local unit was trading at 92.71 US cents, up from 91.96 ...
Tags: economy, Australian dollar
THE Australian dollar is higher after bouncing back from losses caused by weaker than expected Chinese trade figures. At 5pm, the local unit was trading at 91.96 US cents, up from 91.83 cents yesterday. LTG Goldrock director Andrew ...
Tags: economy
THE dollar followed a stronger gold price higher in Asia yesterday in a jittery session, with traders awaiting comments by the US central bank on the outlook for the economy. Late yesterday, the dollar was at US91.83c, up US1.25c from ...
Tags: gold price, gold, economy
BEARISH bets for the Australian dollar are turning savage, with Credit Suisse slashing its 12-month forecast to US75 cents after conceding the currency is "normalising" quicker than it expected. In what may be the biggest dollar call by a ...
Tags: Australian dollar, economy, bank
CENTRAL banks loaded up on the Australian dollar in the first quarter, just before the currency began a steep descent that would see it touch its lowest level in nearly three years, data from the International Monetary Fund shows. The ...
Tags: Service, economy, Central Banks
The Australian dollar continued to fall today, sparking the biggest one-day sell-off in government bonds since the turmoil in global markets that followed the collapse of US investment bank Lehman Brothers in late 2008. Bond traders said ...
Social media can make financial institutions seem less dull and better engage customers, according to officials on a panel at the AB+F Retail Financial Services Forum. Engaging customers through social media is a “game ...
Tags: Social Media, Financial Services
Lifeboat Events’ fifth annual Bike PressCamp kicked off Tuesday with 30 members of the cycling and mainstream media converging on Deer Valley to meet with more than 25 brands in the resort’s condos for some one-on-one face time ...
Tags: Transportation, PressCamp Wrap, Knog
The Aussie slumped to a fresh 33-month low today as the US central bank signalled plans to rein in its stimulus program before the end of the year and China's economy showed more signs of a slowdown. At 5pm AEST, the Aussie was trading at ...
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 ...