RATTLED investors are on high alert after the stockmarket suffered its worst week in a year and the Australian dollar slid to a 12-month low on fresh concerns about the slowing pace of global economic growth. Capping a wild week for ...
Tags: Sharemarket, Horror Week, Alert
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 and US equity markets have now been officially downgraded to "underweight" by Citi Australia, having run up past their December 2013 share index targets already. Citi strategist Tony Brennan said price-earnings valuations ...
Tags: Service
Brazilian President Dilma Rousseff Wednesday issued a decree to expropriate land in Rio de Janeiro state for pipelines to be built for Petrobras' Comperj refinery and petrochemicals project near Rio de Janeiro, which is currently under ...
Tags: Petrobras Comperj, Chemicals
The Romanian cement market declined 0.2 percent in 2012 owing to bad weather and an unfavorable economic context, and this year seems no better as yet. Any growth by yearend will be small, and could only come from infrastructure investments ...
Tags: Cement, Construction
Venezuelans scrambled to stock up on toilet paper although the government promised to import 50 million rolls, foreign media reported. Due to years of economic dysfunction, Venezuelans has been used to the shortage of medicines and ...
Tags: Toilet Paper, basic food items
The Ifo World Economic Climate Indicator continued to rise, even if only slightly. Both assessments of the current economic situation and the six-month economic outlook improved slightly compared to the previous quarter. There are a growing ...
Tags: IFO World Economic, Economic
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
According to Venezuela’s Central Bank (BCV), the inflation rate of construction sector in this April is 4.9% from previous month, 20.6% from last 4 months and 38.8% within 1 year. Just in this April, the steel construction materials ...
Tags: Steel Prices, Steel
The sharemarket rebounded yesterday after two days of losses, as the dollar tumbled again and government bond yields also fell. The benchmark S&P/ASX 200 closed up 0.3 per cent at 5180.8 after hitting an intraday high of 5194.9. However, ...
Tags: Stocks, Dollar, Bond Yields
A strong stock market could open the floodgates for more tech IPOs in the wake of Friday's solid debut of Marketo and Tableau, but not all segments of IT may be able to ride the wave. Marketo, which sells cloud-based marketing software, ...
Annual inflation in the euro area was 1.2 percent in April this year, down from 1.7 percent in March, according to a report released by Eurostat, the Statistical Office of the European Communities. In April 2012, the annual inflation rate ...
Tags: Metallurgy, Mineral, Energy
The dollar continued to test fresh 11-month lows, extending a week-long decline built on rising concerns about the outlook for the resources-rich economy and renewed strength in the US dollar. Late today, the Aussie was trading at ...
Tags: Dollar Down, Service, Economic Outlook
Dr. A Sakthivel, Chairman AEPC, on behalf of the entire Textiles Industry has complimented Shri Anand Sharma for bringing in the favorable Foreign Trade Policy and timely interventions that lead to this turn around in the exports of RMG and ...
Tags: AEPC Chairman, Trade Policy
The sharemarket ended flat yesterday as companies with offshore earnings and high-yield stocks returned to favour, offsetting weak demand for resources. Investors' recent enthusiasm for resources was dampened by further declines in ...