THE Australian dollar dropped to a one-year low after the head of the US Federal Reserve said he would consider winding down its economic stimulus program in the coming months. The currency dropped as low as 96.62 US cents in the early ...
Tags: economy
The sharemarket pulled back yesterday as profit warnings in the mining services and consumer discretionary sectors continued to drag on sentiment. The benchmark S&P/ASX 200 closed down 0.6 per cent at 5180.1 points after falling to ...
Tags: Stocks, Mining Services Companies, Profit
According to Venezuela’s Central Bank (BCV), the inflation rate of construction sector in this April is 4.9% from previous month, 20.6% from last 4 months and 38.8% within 1 year. Just in this April, the steel construction materials ...
Tags: Steel Prices, Steel
The People's Bank of China (PBOC) revealed that four major Chinese banks recorded new loans totaling CNY 245.528 billion in April 2013. By the end of the month, their loan balance had reached CNY 26.9 trillion. Earlier data from the ...
Increasing confidence in the economy and a rising stock market could lay the groundwork for a revival in tech-sector mergers and acquisitions as companies embrace cloud technology and pursue game-changing software, particularly for the ...
Tags: Wall Street
The oil complex settled lower Monday on bearish China data and increased OPEC production, amid weak fundamentals in the US. NYMEX June crude settled 87 cents lower at $95.17/barrel, having traded in a $94.47-$95.68/b range throughout the ...
Tags: oil complex, oil
The stockmarket was awash with fresh optimism that the dollar may finally be on a sustained decline as it plays catch-up to the fall in interest rates and commodity prices, reversing a major earnings headwind several sectors have faced for ...
China saw renminbi loans jump CNY 792.9 bn in April, CNY 111.1 bn more from a year ago, according to monthly financial data released by the country's central bank today. Foreign currency loans added CNY 84.7 bn in the month, CNY 75.1 bn ...
After China's biggest steel manufacturer Baosteel announced a price cut, buyers holds back and takes a wait and see approach. It’s learned that the prices for rebar fell as demand softens. Weather condition has not been favorable and ...
A new bill introduced late Wednesday to the US Senate aimed at strengthening Washington's sanctions against Iran could affect Asian countries that pay for Iranian crude in foreign currencies, sources familiar with the matter said Thursday. ...
Tags: Senate Bill, US Senate
Chinese gold imports are likely to swell further after more than doubling to a record high in March, as retail consumers pounced when prices plunged to a two-year low last month. China is the world's second-largest buyer after India, and ...
Tags: Mineral, Gold, Physical demand
Companies should be using the high dollar as an opportunity to invest in businesses offshore, says Francesco de Ferrari, a senior private banker with Credit Suisse. "Big companies should go on a shopping spree. The entrepreneurs get it ...
Tags: Credit Suisse Banker, economy
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 dollar hit two-month lows after the central bank surprised economists by cutting interest rates to record lows and warned that the high exchange rate is continuing to act as a brake on growth. The Reserve Bank of Australia defied most ...
Tags: Dollar, Record Low