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US Budget
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China Will Slash The Per-Tonne Retail Prices of Gasoline by 245 Yuan
Oct 11, 2013China will slash the per-tonne retail prices of gasoline by 245 yuan (39.84 US dollars) and that of diesel by 235 yuan, starting from Monday, the country's top economic planner said on Sunday. The adjustment will lower the benchmark ...
Tags: Retail Fuel, Energy
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The US Economy Is at Risk of Getting Seriously Dented Due to The US Budget Dispute
Oct 8, 2013The US economy is at risk of getting seriously dented due to the US budget dispute. Admittedly, the direct economic consequences of the government shutdown will probably be next to negligible. "However, the strain on the economy should be ...
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Sharemarket Rose After Falling Interest Rates Were Lifting Parts of Housing Market
Feb 4, 2013The sharemarket rose after a report showed falling interest rates were lifting parts of the nation's housing market, while manufacturing data from China indicated that an economic recovery remained on track. BHP Billiton, the world's ...
Tags: Stocks, economic recovery, iron ore gains
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Australian Dollar Peaked at JPY 89.835, Its Highest Level Since April 2011
Jan 6, 2013The Australian dollar is higher, getting some support from stronger iron ore prices and gains on the local sharemarket. Mr Hans Kunnen, St George chief economist said that the local dollar's rise was not because of the US budget ...
Tags: Australian dollar, iron ore, prices, sharemarket
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Australian Dollar Is Slightly Lower Amid Doubts
Jan 6, 2013The Australian dollar is slightly lower amid doubts there will be a successful outcome to the US budget negotiations. At 07:00 AEDT, the local unit was trading at $US1.0366, down from $US1.0374 on Friday. The main driver for markets ...
Tags: Australian dollar, outcome, US budget negotiations, fiscal cliff
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Strong Chinese Data Was Not Enough to Shake Australian Dollar From Its Slumber
Jan 6, 2013Strong Chinese manufacturing data was not enough to shake the Australian dollar from its slumber yesterday, with traders glued to any news from Washington as talks over the so-called fiscal cliff went down to the wire. The Aussie ...
Tags: Aussie dollar, Washington, negotiations, fiscal cliff
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Stocks Are Set to Rise Today After The US Avoided Falling Over Its Fiscal Cliff
Jan 6, 2013AUSTRALIAN stocks are set to rise today after the US avoided falling over its fiscal cliff -- at least for now -- and iron ore prices unexpectedly ended the year in positive territory. US tax and spending cuts due to start on January 1 ...
Tags: US, tax, spending cuts, market confidence
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Sharemarket Closed Higher as Obama Cut Short His Christmas Holiday
Dec 28, 2012The Australian sharemarket closed higher yesterday as US President Barack Obama cut short his Christmas holiday to return to Washington for talks aimed at avoiding the so-called fiscal cliff. Locally,investors remained optimistic that ...
Tags: Stock, sharemarket, tax, bank
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Dollar Is Higher as Budget Negotiations Continues to Be Main Driver for Financial Markets
Dec 28, 2012THE Australian dollar is higher as sentiment about the US budget negotiations continues to be the main driver for financial markets. US President Barack Obama cut short his Christmas holidays in Hawaii to return to Washington for talks ...
Tags: in Bumpy Trade, Australian Dollar
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Australian Dollar Is Lower as Investors Remain Cautious About The US Budget Negotiations
Dec 27, 2012THE Australian dollar is lower, trading on thin volumes, as investors remain cautious about the US budget negotiations. THE Australian dollar is lower, trading on thin volumes, as investors remain cautious about the US budget ...
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Sharemarket Ended The Week on a Low Note as Investors Took Fright
Dec 22, 2012THE sharemarket ended the week on a low note as investors took fright after US budget talks on the fiscal cliff fell into disarray. The benchmark S&P/ASX 200 closed down 10.5 points,or 0.2 per cent,at 4623.6,reversing gains that had seen ...
Tags: fiscal cliff, Australian companies, US
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Iron Ore Stocks on The ASX Have Been Buoyed by The Recent Increase in The Price
Dec 20, 2012Iron ore stocks on the ASX have been buoyed by the recent increase in the price of the commodity,which reached its highest level since July.The broader Australian market made small gains across the day as investor sentiment rose on ongoing ...
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Australian Dollar Is Lower Due to Concerns About Negotiations to Avert Fiscal Cliff
Dec 20, 2012THE Australian dollar is lower along with other risk currencies due to concerns about negotiations in the United States to avert the so-called fiscal cliff. At 07:00 AEDT,the currency was trading at$US1.0493,down from$US1.0514 yesterday ...
Tags: Australian dollar, US, fiscal cliff
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EMC CEO Called for CEOs to Put Pressure on U.S. Politicians to Strike a Budget Deal
Dec 19, 2012EMC CEO Joe Tucci on Monday called for CEOs to put pressure on U.S. politicians to strike a budget deal, saying that the direction of the domestic and global economy depends on it. “I’ve never seen a time when the rest of the ...
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Sharemarket Hit Fresh 17-Month High Today as US Lawmakers Inched Closer to a Deal
Dec 19, 2012THE Australian sharemarket hit a fresh 17-month high today as US lawmakers inched closer to a deal on the fiscal cliff problem. Utilities, energy, industrials, telecommunications, materials and financial stocks mostly rose despite some ...
Tags: Investor Sentiment, fiscal, cliff problem
