THE Australian dollar has opened at its weakest level since August 2010 as US equity markets slide. At 6.30am AEST the local unit was trading at 91.17 US cents, down from 92.62 cents at Friday's local close. The currency fell below 92 ...
Tags: Australian Dollar, economy
CENTRAL banks loaded up on the Australian dollar in the first quarter, just before the currency began a steep descent that would see it touch its lowest level in nearly three years, data from the International Monetary Fund shows. The ...
Tags: Service, economy, Central Banks
DESPITE deep reservations about domestic political instability and shaky conditions in the resources sector, professional investors expect local shares to shrug off May's malaise and see the All Ordinaries index retest 5000 points by ...
Tags: economy
The Government of India is planning to set up a cotton price stabilization fund by imposing cess on exporters, Minister of Textiles K Sambasiva Rao has said. Speaking to reporters after meeting stakeholders of the textile industry in ...
Suppliers sold bicycles worth more in dollars this May than last May, marking the first month this year that dollar sales exceeded same month sales last year. Auppliers sold bicycles worth 11.1 percent more in May than in May last year, ...
Tags: Transportation, bike
Microsoft's had a tough year, and it's not even half over. The software giant has retreated from flubs in licensing, the design of its flagship Windows operating system and most recently, innovations it wanted to bake into its new game ...
Tags: Microsoft, Computer Products
THE Australian dollar pared its gains after a change to the nation's leader and weaker-than-expected economic growth figures out of the US prompted an earlier rally. The local unit was trading at 92.75 US cents at 6.30am AEST,down from ...
Tags: economic growth, Australian Dollar, GDP, economic stimulus
There is less than a week left to have your say on the final report into the feasibility of high-speed rail down Australia’s east coast. More than 30,000 people have downloaded the Phase Two report, with more than 174 submissions ...
Tags: High-Speed Rail, Service
The biannual Smart Conference and Expo has come to a close for another time, and delivered a strong and improved conference program. With both the number of presentations and visitors up on the previous conference, it offered something for ...
Yieh Phui, one of the major coating steel manufacturers in Asia market, said about 75% of its current sales revenue came from oversea market which mainly used US dollars for most business. Due to the depreciated New Taiwanese Dollar ...
The mobile machine-to-machine (M2M) market is booming, growing by 25 per cent in 2012, according to analysts Infonetics Research. The organisation pins a value on the market of $1.5bn. "To put things in perspective, the mobile M2M module ...
Tags: Mobile M2M, 2012
Turkish long steelmaker Icdas has hiked prices of rebar and wire rod by TRY 30/ton, valid from Monday. Due to the weakening of the currency lira against US dollar, the mill had no choice but to adjust up the price to balance off the ...
Tags: Construction, Wire Rod
The improbable story of a New York City data center saved by a fuel bucket brigade is not told with fondness, even if there is a sense of pride and humor in its retelling. Those involved recall the stink of diesel fuel in dark stairwells ...
Tags: Data Center, Fuel Bucket Brigade
While the biggest charity "thons" were flat or slightly down in 2012, most dedicated to cycling saw healthy increases.? "When we look at the results, the really strong results are in the cycling area," said David Hessekiel, president of ...
Tags: Transportation, bike
The Australian dollar continued to fall today, sparking the biggest one-day sell-off in government bonds since the turmoil in global markets that followed the collapse of US investment bank Lehman Brothers in late 2008. Bond traders said ...