But experts also pointed out that the foundation for future stable growth needs to be further consolidated. "Although the manufacturing PMI has stablized after it rose for a fourth month, forces that drove up the index were not balanced ...
Tags: manufacturing PMI, raw material
China credit crunch fears sent the stockmarket tumbling almost 1.5 per cent lower, with investors fleeing materials as China called on its banks to control credit expansion risks and declared liquidity in its financial system was at "a ...
Tags: China, Investors, Banks, Financial System
General Electric (GE) is reportedly considering sale of its Australia-based insurance business, GE Capital Insurance, in an effort to adjust its Australian portfolio, a source familiar with the deal has revealed. The source was quoted by ...
The Australian sharemarket closed at a 19-month high as firming expectations of a February interest rate cut helped banking stocks. At the close today, the benchmark S&P/ASX 200 index was 18.3 points, or 0.38 per cent, higher at 4756.6 ...
IDG News Service - Shifting ANZ Banking Group from an Australian and New Zealand centric bank to a super-regional Asia Pacific financial services entity while implementing new technology is Anne Weatherston's top priority for the next five ...