After their expectations reached a 24-year low in the previous quarter, businesses are indicating that price rises are on the agenda in the new financial year as they seek to retain profits while compensating for cost pressures and low ...
Tags: Service, Bank, Price Expectations
During National Homeownership Month in June, the National Association of Home Builders (NAHB) is telling young people that the time is right to buy a home, and the nation's builders are building the homes they want. "As the economy ...
Tags: Home Builder, Young Buyer
The worst month on the stockmarket in a year has taken the wind out of investors, with confidence retreating from highs earlier this year amid increasing concern about the global economy and the endgame for stimulus from central banks. ...
Tags: Stockmarket, May
The Australian dollar is slightly lower after the release of weaker than expected US economic data. At 7am AEST, the local unit was trading at US96.63c, down from US96.73c yesterday. Since 5pm AEST yesterday, the Aussie traded between ...
Tags: Australian Dollar, GDP Report
The Australian dollar is slugging it out with the Syrian pound for the title of world's worst-performing currency. Once the darling of foreign-exchange traders, the Aussie has been out of favour since April 12. According to National ...
Tags: Syrian pound, Service, dollar
For first-quarter 2013, Rubicon Technology Inc of Bensenville, IL, USA (which makes monocrystalline sapphire substrates and products for the LED, RFIC, semiconductor and optical industries) has reported revenue of $8.3m, down 18.6% on ...
SHARES in specialist telecoms construction firm Service Stream crashed to an all-time low yesterday as the company failed to rally against the negative fallout of breaching its banking covenants. Service Stream shares touched a record low ...
Analysts see sanity returning to PV market 21 May 2013 Lux Research and Solarbuzz see industry 'returning to equilibrium' as uncompetitive suppliers disappear. Despite the looming possibility of a photovoltaics (PV) trade war between ...
Data from IT employment firm CWJobs.co.uk shows the IT jobs market is continuing to bounce back in certain areas, with vacancy levels now only 15 per cent below Q1 2008, when the global recession struck. While the electronics side of the ...
Tags: Computer Products, economy
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 Australian dollar shrugged off the Reserve Bank of Australia’s latest interest rate cut today, clawing back almost half of the value it lost yesterday, on the back of better Chinese trade data. The local unit traded around ...
Tags: China Surplus, Cool Dollar
The Australian dollar fell to a fresh two-month low during overnight trade, before recovering most of its lost ground amid gains on US share markets. The currency fell to 101.55 US cents early this morning as traders in Europe and the US ...
Tags: Australian dollar, dollar
The dollar has bounced back from losses made after the central bank's surprise interest rate cut, thanks partly to some positive Chinese trade figures. At 5pm AEST, the local unit was trading at $US1.0201, up from $US1.019 yesterday. ...
Tags: dollar, financial technician
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
The sharemarket closed lower but recovered some ground after the Reserve Bank cut the cash rate to a record low. At the close today, the benchmark S&P/ASX200 index was down 12.5 points, or 0.24 per cent, at 5143.7 points. The broader ...
Tags: Banks, Record Rate Cut