The Australian dollar remains under pressure as banks slash forecasts and traders increasingly spruik shorting the currency. After a host of investment banks yesterday lowered their predictions for the dollar, HSBC today cut its year-end ...
Tags: Australian, Dollar, Service
Pharmaceutical company AstraZeneca Australia is investing an additional $20.2 million into its Sydney manufacturing operation to boost production of one of its key asthma medications in response to growing demand for the medicine from ...
Tags: Boost, AstraZeneca, medicine
The Australian dollar tumbled almost two US cents to its lowest level in more than 11 months and could move back below parity with the greenback in the next 24 hours. The currency fell to 100.47 US cents early today, its lowest level ...
Tags: Australian Dollar, currency
Chinese economic policy and an improving US economy appear to have achieved what the Reserve Bank couldn't this week: taking the wind out of Australia's plucky currency, which fell to 11-month lows in early trading yesterday and is expected ...
Australian stocks recovered from a steep intraday fall to close only marginally lower yesterday, as the Reserve Bank cut interest rates to a record low. The benchmark S&P/ASX 200 closed down 12.5 points, or 0.2 per cent, at 5143.7, after ...
Tags: Stocks Lift, Australian stocks
Local shares finished the month with strong gains as ANZ led a rise in banks after its dividend and earnings exceeded expectations. Stronger offshore markets helped although analysts and fund managers were wary of overseas events that ...
Tags: Bouyant ANZ, Bank Shares Higher
Preregistration is now open for National Manufacturing Week (NMW 2013), 7-10 May in Melbourne, which will this year focus on solutions that help manufacturers target new, higher value sectors as well as boosting their day-to-day operations. ...
Tags: Service
The Australian dollar surged against the US dollar to its highest level in 2 1/2 months on the back of data that showed solid growth in exports to China, the nation's largest trading partner, over the past year. Australian exports to ...
Tags: Dollar, Exports Figures
The Aussie rallied against the greenback to its highest level in 2 1/2 months on the back of data that showed solid growth in exports to China, the country's largest trading partner, over the past year. China posted a trade deficit of ...
Tags: Dollar, Exports to China
Australia's $9 billion polymers industry will be boosted by a national cooperative research initiative. The launch featured a novel degradable plastic film that Greening Australia and the Birchip Cropping Group have shown can dramatically ...
Tags: Chemicals, plastic film, Packaging, Printing
Australian stocks have opened firmer, with the big supermarket chains and energy companies leading the broader market higher. At 10.26am AEDT, the benchmark S&P/ASX200 index was up 25 points, or 0.5 per cent, at 4991.5 points. The ...
Tags: Australian stocks, Stocks, benchmark
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 ...
The dollar was higher today as investors continued to lower their expectations of further interest rate cuts in 2013. Futures markets were pricing in just 18 basis points of interest rate cuts, compared with 50 basis points at the start ...
Tags: dollar, futures markets, cash rate
Enterprise Connect services have been extended to the (freight) transport and logistics sector to assist more small and medium businesses develop the skills, knowledge and capability to realise their growth potential. Businesses in the ...
The Australian sharemarket has finished lower, despite some resilience in the resources and materials sector. Options XPress market analyst Ben Le Brun said the local market had bounced back in afternoon trade as investors looked ahead ...
Tags: Australian sharemarket, financial space, Australian economy