The recent landmark currency agreement between Australia and China is good news for Australian manufacturers. Under the agreement, exporters will be able to directly trade the Australian dollar with the yuan and vice versa. The deal, ...
Tags: Currency Deal, Boost Trade
AUSTRALIAN shares have opened slightly higher, buoyed by resource stocks . IG Markets Stan Shamu said resource stocks were benefiting from a rise in commodity prices following disappointing US employment data, which had pushed the US ...
The ICE Brent front-to-second month spread fell into contango during afternoon US trade Friday, the first contango between the two contracts since July 2, 2012. ICE May Brent was down $2.50 at $103.84/b after hitting a fresh eight-month ...
A sharp fall in the value of the yen has pushed the Australian dollar lower against the greenback. Tthe currency was trading at at $US104.15c in later afternoon trading, down from $US104.41c late yesterday. Commonwealth Bank currency ...
Tags: Australian Dollar, economy, Traders Dump
The dollar has opened near $1.042 as market players look ahead to the Reserve Bank of Australia's interest rate decision. At 7am AEDT, the Aussie was at $1.0422, steady with Thursday's local close. Australian markets were closed on Good ...
Tags: economy, dollar, Australian markets
UK-based food ingredients firm Tate & Lyle has announced that it expects to deliver modest progress for the full financial year ending 31 March 2013. Ahead of the announcement of the full year results on 30 May 2013, the company has ...
Tags: food ingredients firm, food, Tate&Lyle
NYMEX May crude settled 16 cents lower at $97.07/b on Monday, as the complex came under pressure from a combination of weaker-than-expected US manufacturing data and the closure of ExxonMobil's 96,000 b/d Pegasus crude pipeline on Friday. ...
Tags: NYMEX Crude, Pipeline
Distillate futures closed US trading sharply higher Wednesday, holding onto boosts seen in the wake of an unexpectedly bullish inventory report released in the morning by the Energy Information Administration. NYMEX April heating oil ...
Tags: NYMEX, Oil Futures, Distillate Markets
THE Australian dollar retreated from two-month highs in Asia today largely in line with broad support of the US dollar. Traders said speculation of further monetary policy easing in Japan dominated trading in Asia, weakening the yen and ...
Tags: Australian Dollar, economy
Recent fiscal changes in Venezuela could help state oil company PDVSA significantly cut its $16.4 billion debt to service providers this year, according to some economists and analysts. The changes, mainly to Venezuela's complicated ...
Tags: oil activity, PDVSA, Venezuela
INVESTORS traded through the political leadership drama in Canberra yesterday with an eye firmly on the federal election in September, encouraged that almost three years of minority government that has contributed to uncertainty on policy ...
In the last few months, UK prices for imported softwood lumber have risen by up to £20/m3 for exchange-rate reasons. The strength of the British pound against the relevant currencies has decreased considerably since March 2012. The ...
Tags: Softwood Lumber, Construction, Decoration
The Australian Bureau of Resources and Energy Economics (BREE) has revised its estimations for Australian nickel production in 2012-13. According to the latest estimates, world refined nickel production increased to around 1.7 million mt in ...
Tags: Metallurgy, Mineral, Energy, nickel
Oil futures settled higher Wednesday, partially rebounding from Tuesday's sharp selloff on uncertainty in Cyprus, after weekly inventory data from the US Energy Information Administration proved to be unexpectedly bullish. NYMEX April ...
Tags: Oil, Chemicals, Metallurgy
LABOR veteran Simon Crean's dramatic decision to call for a leadership spill pushed the Australian dollar down in the immediate aftermath of his announcement. The currency was trading at $1.0373 at 5pm AEDT, down from $US1.0391 at 1pm ...
Tags: LABOR Turmoil, economy, Dollar