Australia
Australian PM says steel industry still critical
…and consumer goods industries,” she said. “In the new high-tech, low-carbon economy we?re creating, Australian steel has a strong and sustainable future.” Unions have warned the nation’s manufacturing sector is facing its worst crisis in decades due to the…
Australia PM reassures steel industry
…and consumer goods industries,” she said. “In the new high-tech, low-carbon economy we’re creating, Australian steel has a strong and sustainable future.” Unions have warned the nation’s manufacturing sector is facing its worst crisis in decades due to the…
Australia, N.Z. Stocks: BHP, Nufarm, Sundance, Santos, Woodside
…– James White, an analyst at Colonial First State Global Asset Management in Sydney, talks about Australia’s economy and financial markets. White speaks with John Dawson on Bloomberg Television’s “First Up.” (Source: Bloomberg) The following were among…
Australian Business confidence
…reading came lower than a previous reading that showed an incline by 2 a month earlier. Moreover, Australia’s business conditions slumped to -3 during the month of August, from -1 in July. Get forex signals sent to your e-mail, desktop, and phone from FXRenew Get…
Australian Currency Maintains Declines as Business Confidence Plummets
…Australian dollar held yesterday’s decline after a survey released by National Australia Bank Ltd. (NAB) showed business confidence plunged last month to the lowest level since April 2009. The so-called Aussie traded at $1.0341 at 11:32 a.m.
Australian Regulator Restricts Hanlong Mining Execs
…Wales had made interim orders preventing Hanlong Managing Director Steven Hui Xiao from leaving Australia before Sept. 22. Mr.
Australian Market Moves Higher On Wall Street Cues, Bargain Hunting
…News Corporation, Seek, AGL Energy, Atlas Iron and Alumina are also up with strong gains. In the currency market, the Australian dollar opened higher and was quoting at US$1.0346 in early trades, up nearly 0.4 percent from Monday’s close of US$1.0307. Among…
A millimetre from death: shot Aussie awaits justice in Honduras
…how he is doing. … I take tablets to sleep.
Mixed Tuesday Opens Expected For New Zealand, Australia Shares
…Australia and NZ Bank closed down .73, Commonwealth Bank of Australia was down $1.96, National Australia Bank was down .96 and Westpac Bank was down .93. Among the big miners, BHP Billiton was down $1.46 while Rio Tinto was down $3.05. In U.S. trading on Monday,…
PRESS DIGEST-Australian General News – Sept 13
…charges. Mr Boillot allegedly conspired to bribe foreign officials while working for Note Printing Australia, the currency maker half-owned by the central bank. The Australian Federal Police has claimed that millions were paid to overseas agents to obtain…
PRESS DIGEST-Australian Business News – Sept 13
…bank to lower interest rates in a bid to stave off potential long-term damage to the structure of Australia’s steel industry. “We support free trade and a market-based approach – but the playing field must be level . I’m making these comments not to take a…
AUD Decline in Short Term Sets the Stage for Rally on Fundamentals in Medium Term
Summary: While the AUD is being battered by a “flight to safety”, and a move away from riskier commodity-based higher-yielding currencies, the Australian dollar still maintains its key fundamental advantages. Those are a high interest rate for the developed world, a strong mining boom fed by a “soft landing” in China, and a positive trade and current account which puts Australia away from the dangers of a credit downgrade. Therefore the lower the AUD goes the cheaper it becomes for those that are bullish on its medium-term prospects. While in the 4H timeframe we do seem a bit oversold and therefore we may try to anticipate a short-term bounce the the upside, the uncertainty around the euro zone sovereign debt situation will likely pressure the AUD further in the short term.
Australian Retailers Facing ‘Bad to Worse’ Outlook, Access Says
…the nation’s stores would be a further deterioration in global markets that leads the Reserve Bank of Australia to lower interest rates and the government to inject economic stimulus. That would be a temporary boost “ but will leave another long hangover,”…
Australia’s Retailers Facing a ‘Bad to Worse’ Outlook, Access Report Says
Australia’s retail sales growth may struggle to rebound from a two-decade low as the nation’s stock market slumps and consumer confidence weakens, curtailing household spending, according to a Deloitte Access Economics report. Sales volumes are projecte
Australia 2011 deals target U.S. firms: survey
SYDNEY (MarketWatch) — Australian consumers are believed to be spending their money overseas, while data out Monday showed that Australian companies are definitely snapping up foreign assets, notably in the U.S. Dealogic said Monday that ann
Australia, Netherlands to help Sri Lanka’s dairy industry
…by investing over $12 million, authorities said. The Cooperatieve Centrale Raiffeisen-Boerenleenbank (Rabobank) of the Netherlands and the Export Finance Insurance Corporation (EFIC) of Australia have agreed to provide a loan worth $10.5 million for implementation…
Cash Advance Australia: Instant Finance on Short Term Basis : 24plusnews.com
…the cash advance Australia. It is necessary for the loan-seekers to be citizens or registered residents of Australia. They must produce documents to suggest that they work in some authorized factory or office and that they have standard and regular earning….
Australia continues impressive trade run
…deficit shrinking even further to 1.5 per cent of GDP by year-end,” she said. Commonwealth Bank of Australia senior economist Michael Workman said the relatively low CAD “should be positive for the Australian dollar and the maintenance of the AAA sovereign…
Aussie shares lose $48b as fear returns
…markets were pushed further down late on Friday on the unexpected news that the European Central Bank’s chief economist, Juergen Stark, was resigning ”for personal reasons”. Local data today, which showed Australia recorded a fifth straight trade surplus…
Housing Bears Say Australia Set to Crash as Shortage a Myth
…an October report on the nation’s housing market estimated a shortage close to 200,000. Commonwealth Bank of Australia and Australia & New Zealand Banking Group Ltd. — the largest and third-largest banks — have also published reports in the past year that…
