Investors took a record high for US stocks - the bellwether Dow Jones Industrial Index eclipsing its pre-global financial crisis peak - as confirmation that the US economic recovery is gathering strength and sent the local market to its ...
Tags: US stocks, Stockmarkets, Stocks
Prime Minister Gillard … ‘tough but responsible’ Business and industry groups have expressed concern at the federal government proposal to strip $1 billion in tax concessions from Australia’s biggest companies as ...
The Australian dollar fell sharply yesterday after The Wall Street Journal exclusively reported a warning on the outlook for the Australian economy issued by ratings firm Standard & Poor's. At 5pm AEDT, the dollar was buying $US1.0406, ...
Tags: Aussie dollar, Australian economy, dollar
The Australian dollar fell sharply after The Wall Street Journal reported a warning on the outlook for the Australian economy issued by ratings firm Standard and Poor's. At 5pm AEDT the dollar was buying $US1.04, down from $US1.0470 in ...
Tags: Dollar, Australian economy, investment
The Australian dollar moved higher with traders largely shrugging off Julia Gillard's surprise calling of a September 14 election. The announcement stunned political pundits but elicited little reaction in currency markets. At 4.30pm ...
At 5pm AEDT, the Aussie was trading at $US1.0452, up from $US1.0449 on Friday. Since 7am AEDT, the local currency traded between $US1.0406 and $US1.0454. CMC Markets foreign exchange dealer Tim Waterer said the dollar had fallen over ...
Tags: AEDT, Aussie, local currency
The Australian dollar fell overnight to its lowest level in almost a month amid an improved outlook for European economies. It had rebounded to be 104.09 US cents at 6.30am AEDT but is still down from 104.49 US cents on Friday, before the ...
The Australian sharemarket rose yesterday as China's stronger-than-expected trade data fuelled hopes of an economic rebound for Australia's biggest trading partner. Fortescue Metals added 2.3 per cent after China reported a $US31.6 ...
Tags: sharemarket, China, trade data, stocks
THE Australian dollar remained close to 105 US cents after rising slightly during overseas trading. At 6.20am AEDT the Australian dollar was trading at 104.93 US cents, up slightly from yesterday’s local close of 104.82 US cents. ...
Tags: Australian Ollar, overseas trading, Australian economy, Australian dollar
The trade deficit for November widened to $2.6 billion, from $2.4bn in October, the Australian Bureau of Statistics said. That was the biggest monthly shortfall since March 2008 and wider than analysts' expectations of $2.3bn. At 5pm AEDT ...
Tags: trade deficit, Australian Bureau of Statistics, Australia
Within a couple of days first Fortescue Metals' Nev Power and then Rio Tinto's Sam Walsh have warned that the remarkable rebound in iron ore prices won't last. Others are not as sure. Earlier this week, Power attributed the sharp rise in ...
Tags: Iron Ore, Fortescue Metals'Nev Power, Rio Tinto's Sam Walsh, Metallurgy
ABC News reported that iron ore prices have bounced back after bottoming three months ago, reigniting many shelved expansion plans. A once in a century mining boom has driven the Australian economy, sustained by China's huge appetite ...
Tags: iron ore prices, iron ore, mining, Australian economy
The prospects for a pick up in China's economy are getting better by the week,with more signs that 2013 could be a strong year.It is good news for the Australian economy,which has slowed in the past year in the wake of a sharp fall in the ...
Tags: China's economy, Australian economy, iron ore, CEWC
The latest Manpower Employment Outlook Survey results show hiring sentiment for the start of 2013 will remain cautious, with Australian employers reporting a Net Employment Outlook of +8%, unchanged quarter-over-quarter and six ...
Tags: Outlook Survey, hiring sentiment, remain cautious, slowdown
A new magazine for Australia's pump industry has recently launched, and will be going ahead as a quarterly publication in 2013. 'pump industry' is Australia's only dedicated pump magazine as is available both in print and online. ...
Tags: Pump Magazine, Pump, pump Industry, dedicated pump