Simplot’s Tasmanian factory. Simplot Australia employees at the Bathurst, NSW and Devonport, Tasmania food manufacturing plants have been told that their places of work are under threat of closure. The company is experiencing ...
Further falls have been forecast for the Australian dollar, which yesterday dived below the US95c mark to levels not seen since October 2011. Speculation that the US Federal Reserve will begin to slow its monetary stimulus sooner than ...
Tags: Aussie Dollar, US95c
Simplot Australia, a subsidiary of US based J.R. Simplot, is evaluating the closure of its vegetable processing facilities in Bathurst, New South Wales and Devonport, Tasmania, a move which will result in 325 job losses. According to the ...
The Australian dollar fell to its lowest level since October 2011 amid weakness on global stock markets. The currency dropped to a low of 95.11 US cents early this morning. By 7am AEST it had recovered slightly and was trading at 95.46 US ...
Tags: Australian Dollar, Stock Markets
The Australian dollar came under a fresh wave of selling yesterday on news of weaker-than-expected economic growth in the first quarter, which reignited talk of further rate cuts this year. Government figures showed gross domestic product ...
Tags: Australian Dollar, Rate Cuts
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
The Australian dollar is almost half a US cent lower after global investors reacted to yesterday' s interest rate decision. At 7am AEST the currency was trading at 96.50 US cents, down from 96.93 cents at yesterday’s local close. ...
Tags: RBA Statement, Australian Dollar
The Australian dollar was more than one US cent higher following the release of disappointing US manufacturing figures. At 7am AEST the currency was at 97.70 US cents, up from 96.46 US cents at yesterday’s local close. Westpac New ...
Tags: Australian Dollar, US Factory Data
The sharemarket pared losses after falling to a four-month low today as the market began to speculate on the potential for a surprise interest rate cut from the Reserve Bank of Australia. A higher Australian dollar initially weighed on ...
Tags: Stocks, RBA Meeting
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 Australian dollar is lower after heavy falls on Wall Street on Friday night. At 6.30am AEST, the Australian dollar was trading at US96.18c, down from US96.41c on Friday. The currency weakened on Friday night as the US stock market ...
Tags: US Stocks, Australian Dollar
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
Well-healed Australian investors, battered by political uncertainty and the ongoing aftershocks of the global financial crisis, are maintaining their faith in local shares, according to an exclusive survey of individuals with at least ...
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 Aussie is trading in a narrow range as it takes a breather following recent falls. At 12pm AEST, the currency was trading at US96.71c, down slightly from US96.73c yesterday. OzForex chief currency strategist Jim Vrondas said the ...
Tags: Dollar Trading, Currency