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
ALEXANDRIA, Va. — The wholesale dollar value of bedding shipments increased 8.5% in April and bedding units jumped 10.7% that month, the International Sleep Products Assn. reported. But that strong performance was not enough to pull ...
Tags: Bedding Shipments, April
Retail sales in April were down for a third consecutive month at independent bike shops, according to Leisure Trends’ RetailTrak IBD sales summary. Sales—bicycles and related parts and accessories—totaled $360 million for ...
Tags: Transportation, Leisure Trends, Sales
U.S. energy secretary Ernest Moniz revealed five manufacturing R&D projects to support energy-efficient lighting products. The Energy Department’s $10 million investment is matched dollar for dollar by private sector funding. The ...
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
NYMEX July crude settled $1.48 higher at $93.45/barrel Monday, largely holding to overnight gains following better-than-expected eurozone manufacturing data. Weak US manufacturing data put downward pressure on the US dollar, which ...
Tags: Oil Complex, Us Dollar
Dollar General Corporation reported record sales, operating profit and net income for its fiscal 2013 first quarter (13 weeks) ended May 3, 2013. "For the quarter, we achieved same-store sales growth of 2.6 percent reflecting strong ...
The Australian dollar was more than one US cent higher following the release of disappointing US manufacturing figures. At 7am AEST the currency was at 97.70 US cents, up from 96.46 US cents at yesterday’s local close. Westpac New ...
Tags: Australian Dollar, US Factory Data
Indicative of a 7 percent quarter-on-quarter hike, Pakistani textile firms booked Pk Rs. 8.9 billion in profits during January-March this year, indicating a growth of 180 percent year-on-year. According to The Nation report, the joint ...
Tags: Textile
The sharemarket pared losses after falling to a four-month low today as the market began to speculate on the potential for a surprise interest rate cut from the Reserve Bank of Australia. A higher Australian dollar initially weighed on ...
Tags: Stocks, RBA Meeting
The oil complex pushed sharply lower late in US trade Friday, extending an overnight selloff prompted by a stronger dollar, lower equities markets and OPEC's decision to roll over its 30 million b/d output target following Friday's meeting ...
Tags: Metallurgy, Mineral, Energy, Oil
Fab equipment spending will grow two percent year-over-year (US$ 32.5 billion) for 2013 and about 23 to 27 percent in 2014 ($41 billion) according to the May edition of the SEMI World Fab Forecast. Fab construction spending, which can be a ...
Tags: Fab Equipment, 2014
Because of the yen weakness, Apple raised the price of some products in Japan, especially iPad and iPod. The 16GB iPad will rise to 49800 yen, about $493, price at 42800 yen before. The price of iPod will be 4800 yen and before is 4800 yen. ...
Tags: Apple, Consumer Electronics