The AWEX Regional Indicators finished 4.0% higher, on average, when sales resumed in Sydney, Melbourne and Fremantle this week. The closing US exchange rate was unchanged from the closing rate when sales went into the Christmas break. ...
It was the star of this year’s Detroit auto show, however speculation that the all-new Chevrolet Corvette Stingray will be produced in right-hand-drive and make it to Australian shores has been hosed down by General Motors. GM vice ...
Tags: Chevrolet Corvette, Oz, Commodore Ute, US
The Australian market closed higher after a day of consolidation with gains across most of the board. At the close today the benchmark S&P/ASX200 index was up 10.2 points, or 0.22 per cent at 4719.7, while the broader All Ordinaries index ...
Tags: Australian market, gains, consolidation
In a speech to be delivered today in Hong Kong, the Treasurer says he is due to hold further talks with Hong Kong financial secretary John Tsang this week in a bid to increase yuan investment and trade with Australia. The negotiations to ...
Tags: Hong Kong, Treasurer, finance, global trade payments
The Australian dollar has pushed back above $US1.05, despite the release of weaker-than-expected retail spending figures. At 5pm AEDT, the dollar was trading at $US105.08, up US0.26c. Easy Forex currency dealer Francisco Solar said the ...
Australian businesses are increasingly settling their Chinese trade with the local currency rather than US dollars, as the world's second-biggest economy and Australia's biggest trading partner seeks to boost the yuan's global clout. ...
Tags: Australian businesses, Chinese trade, local currency, US dollars
The Australian dollar's moves yesterday reflected the differing pressures on the currency as a major international bank, HSBC, yesterday expressed concern about its long-term strength. The dollar broke through the $US1.05 level in trading ...
Tags: HSBC, dollar, international bank, Australian dollar
Dr.Veysel Yayan,the Secretary General of Turkish Iron and Steel Producers Association has shared his views regarding the steel industry and the price trends in the market locally and globally. The high performance of Turkish steel ...
Tags: Turkey, steel production demand, Turkish steel industry, steel prices
Kumba final results for the year ended 31 December 2011.Record safety,exports,earnings and dividends. Commenting on the results,Kumba Iron Ore("Kumba")CEO Chris Griffith said:"Driven by export volume growth and a 26%increase in iron ...
Tags: Kumba final results, operating, saftey, marketoutlook
The Australian dollar fell during Asian trade yesterday after the minutes of the US Federal Reserve's December meeting showed some policymakers were pushing for its bond buying program to end as soon as this year. The Fed minutes showed a ...
Tags: Australian dollar, Asian trade, Federal Reserve, Fed minutes
At the SteelOrbis Fall '11 Conference & 65th IREPAS Meeting held in St. Petersburg on September 25-27,we had the opportunity to discuss about the situation in the steel markets and about emerging markets with Kevin Geybels, West Africa ...
Tags: SteelOrbis, metallurgy, mineral, steel markets, Manuchar
The sharemarket moved the dial a click further to boom conditions by closing at a 19-month high thanks to growing interest in blue chips and miners, and a strong tailwind from the US market's fiscal resolution-driven 2.35 per cent, ...
Tags: sharemarket, growing interest, blue chips, miners
The "stubbornly high" level of the dollar strengthens the case that the Reserve Bank will need to cut interest rates by as much as 100 basis points this year, according to ANZ Bank chief economist Warren Hogan. Despite the likelihood ...
Tags: Reserve Bank, ANZ Bank, Dollar, RBA
The Australian dollar has fallen after the US central bank hinted it might end its stimulus program earlier than expected. At 07:00 AEDT, the local unit was trading at $US1.0477, down from $US1.0484 yesterday afternoon. The minutes ...
Tags: Australian dollar, US, central bank, Fed Minutes
The Australian dollar gained yesterday after US politicians agreed on a range of measures designed to avert sweeping tax hikes and about $US110 billion ($105bn) in spending cuts, known as the fiscal cliff. The agreement boosted sentiment ...
Tags: Australian dollar, US, Dollar, fiscal cliff