The Australian dollar fell as speculation of a scaling-down in US stimulus measures boosted the greenback. At 7am AEST the local unit was trading at 94.86 US cents, down from 94.92 cents at yesterday’s local close. With the US ...
Tags: Australian Dollar, Speculation
Fears of a possible global slowdown as US money printing tapers off sent Asian markets into a tailspin yesterday, pulling the Australian equities market back towards a level that has all but wiped off the gains it has made this year. ...
Tags: Asian Markets
Import volume at the nation’s major retail container ports is expected to increase 1.1 percent in June over the same month last year, reflecting modest growth expectations as retailers head toward the back-to-school and holiday ...
Tags: Merchandise Imports, Textile
As the aluminium industry market continued to deteriorate, global second largest alumina maker - Chinalco planned to change parts of his production line to lexible production, involving electrolytic aluminium business with capacity of ...
Tags: Chinalco, aluminium industry
In results published this morning, RPC revealed that sales for the year to 31 March 2013 slipped to £1.05bn, from £1.13bn the previous year. Pre-tax profit fell to £40.3m compared to £59.6m a year earlier. The ...
Glass for Europe, the association of Europe’s manufacturers of building, automotive and solar-energy glass, welcomes the initiation by the European Commission of both an anti-dumping and an anti-subsidy investigation concerning solar ...
Realtors who practice commercial real estate have reported an increase in annual gross income for the third year in a row, signaling the market is on the road to recovery. According to the National Association of Realtors 2013 Commercial ...
Tags: Commercial Market, Realtor
Chinese steel rebar futures for October delivery at Shanghai Futures Exchange (SHFE) dropped to its lowest by 2.1% to RMB 3,496/ton, a 9 month low on Monday since September 7th last year as China, the world's biggest steel consumer's ...
Tags: SHFE, steel, Construction&Decoration
According to LEDinside, a research division of TrendForce, retail prices for LED bulbs worldwide continue to have a downward trend this year for April. Worldwide retail price for 40W equiv. LED bulbs dropped by 5.7%, reaching 16.1 USD. ...
The National Association of Home Builders (NAHB) recently applauded Sens. Robert Menendez (D-N.J.) and Johnny Isakson (R-Ga.) for introducing bipartisan legislation to encourage residential construction lending, spur job growth and keep the ...
Tags: Construction, Decoration
After a torrid trading week that saw more than $30 billion wiped off local stocks and the Australian dollar slide further, investors will be hoping for some economic cheer from China this week to offset further confirmation that Australia's ...
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 dollar's dive looks far from over, even though it has already lost more than 8 per cent of its value against the US dollar since the middle of last month. Of course, a technical correction is possible. But increased disappointment ...
Tags: Aussie Dollar, Global Forces
According to the Metal Industry Indicators report released by the US Geological Survey (USGS), an upturn in US metals industry activity might be slower than earlier data indicated. The US economic recovery has been supporting domestic ...
Tags: US, Steel Industry Activity, Metallurgy
Growth in home sales and prices is contributing to a broader improvement in the overall economy, aided in part by current homeownership tax treatment, according to presentations at a residential real estate forum during the Realtors Midyear ...
Tags: Housing, Economy, Construction&Decoration, mortgage interest