THE Australian dollar gained after disappointing US retail sales figures put pressure on the greenback. At 6.30am AEST the local unit was trading at 91.02 US cents, up from 90.87 cents at yesterday's local close. The Australian dollar ...
Tags: economy
Dr. Kavuru Samba Siva Rao, the Minister of Textiles chaired a meeting with the members of All India Handicrafts Board comprising of officials from different Ministries and Departments of Central and State Governments, apart from the ...
AUSTRALIAN stocks shot up by 1.3 per cent, with investors cheering comments out of the US that money would continue to be pumped into the world's largest economy. Shares in Australia soared on US Fed chairman Ben Bernanke's comments that ...
Tags: economy
THE Australian dollar is higher after the US Federal Reserve chairman eased concerns about the tapering of the central bank's economic stimulus program. At 1700 AEST on Thursday, the local unit was trading at 92.71 US cents, up from 91.96 ...
Tags: economy, Australian dollar
THE Australian dollar jumped yesterday after the US central bank poured cold water on earlier speculation that it would soon start to withdraw economic stimulus. The US dollar plunged early yesterday after the market was surprised by ...
Tags: economy, Australian dollar
The oil complex nudged slightly higher during light trading Tuesday. Those gains were led by NYMEX August RBOB, which settled 4.23 cents higher at $2.9260/gal. NYMEX August crude settled 39 cents higher at $103.53/barrel, while ICE August ...
NYMEX August crude settled $1.43 higher at $97.99/barrel Monday on Middle East tensions and as better-than-expected manufacturing data from Europe helped boost US equities. NYMEX's rise outpaced ICE August Brent's 84-cent gain to $103/b, ...
Tags: US Dollar Index
The proposal to impose new cess on cotton exporters by the Union Government to create fund for stabilizing the drastic price fluctuation of cotton in the country could lead to dip in exports. According to the representatives of the cotton ...
Tags: Cotton Exports, New Cess
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 ...
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 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 ...
The Australian dollar was slightly lower as the US dollar continued to strengthen following last week's news that the US central bank may wind up its economic stimulus program. At 6.30am AEST the local unit was trading at 92.12 US cents, ...
The fall of the Indian rupee against the US dollar and other major currencies has brought smiles on the faces of Indian textile and apparel exporters and why not? The Indian currency has tanked and lost nearly 10% in value against the ...
Tags: Textile&Apparel Exporters, Rupee