The European Economic Advisory Group at CESifo (EEAG)* has released its twelfth Report on the European Economy today in Brussels. The international group of scholars expects world GDP to grow by 3.3 percent this year, up from 3.0 percent in ...
Tags: European Economy, GDP, economy
Westpac's plain-speaking London economist James Shugg remains as gloomy about the global economy as he was over a year ago, when he said the Australian dollar could plunge to US80c and a break up of the eurozone would prompt a "global ...
Tags: Westpac, James Shugg, global economy
Blue chips continued to climb to new heights, pushing beyond the record levels reached in yesterday's rally after a better-than-expected reading on the labour market. The Dow Jones Industrial Average climbed 42.47 points, or 0.3 per cent, ...
Tags: stock index, Stocks, Blue chips
The local sharemarket rose to a 4 1/2-year high yesterday as the economic outlook for the US and China brightened and eurozone worries eased, with National Australia Bank spiking higher on reports of a cost-cutting plan. The benchmark ...
Tags: sharemarket, benchmark, shares traded
Despite a clear market slowdown in Europe, Georg Fischer generated a turnover of CHF 3.6 billion in 2012, 3 percent above the 2011 figure. On a like-for-like basis, sales reached the same level as in 2011. All three divisions both ...
Tags: Georg Fischer, turnover, sales in Asia
Oil futures settled lower Monday after extending an overnight slide that saw the front-month NYMEX crude contract trade below $90/barrel for the first time since December 26. NYMEX April crude settled 56 cents lower at $90.12/b, while ICE ...
Tags: Oil futures, Brent crude, Oil Price
As the world's economy stages a rebound, the global LED industry is expected to ride the wave of an uptrend in demand, in particular for lighting applications. According to some industry experts , since the beginning of 2013 sales in LED ...
Tags: LED lighting, LED, lighting
The sharemarket rose yesterday as defensive and high-yield stocks had broad-based gains after stronger-than-expected German business confidence data brightened the eurozone economic outlook and US earnings reports beat expectations. The ...
Tags: earnings, stocks, sharemarket
The sharemarket has opened almost 1.5 per cent weaker as former Italian prime minister Silvio Berlusconi's strong electoral showing sparked fears of eurozone instability. At 10.26am AEDT the benchmark S&P/ASX200 index was down 75.1 ...
Tags: Stocks, Italian Elections, CMC Markets
The Australian dollar fell slightly against its US counterpart following a downgrade to Britain's credit rating. At 6.30am AEDT the currency was trading at 103.05 US cents, down from 103.13 cents at Friday’s local close. Ratings ...
Tags: Australian dollar, US dollar, currency
Dutch organic food group Wessanen has widened its net loss in fiscal 2012 due to impairments and restructuring charges. In the 12 month period, net losses widened to EUR53.2m (US$70.1m) from EUR17.1m a year earlier, it said today (22 ...
Tags: Dutch food group, food groupfood
The Australian dollar fell to a four-month low after equities markets suffered heavy losses in overnight trade. At 6.30am AEDT the local unit was trading at 102.25 US cents, down from 102.35 cents at yesterday’s local close. Early ...
Tags: Australian dollar, dollar, equities markets
Switzerland is one of the smallest countries in Europe and has very high living costs compared to other nations around the world. Yet, the country is not a member of the European Union (EU). Switzerland has no direct access to the sea, and ...
Tags: Switzerland, Enigma, economy
The Australian dollar was almost level following a night of mixed economic data. At 6.30am AEDT the local unit was trading at 103.48 US cents, slightly down from 103.50 cents at yesterday’s local close. New claims for US ...
Tags: Australian dollar, US unemployment insurance, economic data
The relentless rise in raw materials costs, which has been hitting European coatings producers over the last 2-3 years, has at last been easing. But the relief from the constant pressure of rising input prices may be short lived. The ...
Tags: raw materials costs, European coatings producers, input prices