Australia
Aussie Set for Second Weekly Drop on Stocks, China Output
…volatility in global financial markets. The Australian and New Zealand currencies weakened after reports showed gains industrial production and retail sales in China missed forecasts, damping the export outlook for the South Pacific nations. “The latest round…
Greek Hopes Lift the Euro, China Report Hits the Aussie
…on hopes that a new Greek government may be formed before long. [CNBC] Banks are quietly preparing themselves for trading a new Greek currency, experts say. [CNBC] A massive trading loss at JPMorgan is curbing risk appetite, and the safe-haven yen rose in…
FOREX-Euro off 3-1/2-mth lows, Aussie eyes parity
…losses weighing on sentiment. Both the dollar and the yen, safe haven currencies that tend to strengthen in times of market stress, rose. The euro was flat on the day at 103.35 yen, not far from a three-month low of 102.76 yen hit earlier this week. Adding…
Cannes 2012: Stars of Aussie Comedy ‘Goddess’ Set For Croisette Stunt
…wreckage to the city, all told, would top the financial carnage of 9/11, Hurricane Katrina and the Japanese tsunami. Read more Marlon Brando turned it down, Mexican drug wars nearly derailed it, and Francis Ford Coppola never got to direct it — but the “Twilight”…
Credit Suisse Cuts Forecasts For Euro, Australian Dollar
…as well as the chances of another rate cut from the RBA. They now see the Australian currency falling to $0.95 against the U.S. dollar in three months’ time compared with a previous forecast of $0.98.
Delta Adds Virgin Australia Flights to Online Award Booking
…on this website will earn an affiliate commission, and this website has a financial relationship with several credit card issuing banks. All content unless otherwise noted or quoted is the author’s own, and not provided or commissioned by any other entity….
Australian Stock Market Report – Afternoon 5/11/2012
…Only around 30 pct of listed companies improved today. The energy, mining and financial sectors make up around 65 pct of the Aussie market and all three ended in the red. ANZ Banking Group (ANZ) was the last of the major banks to announce its rate cut.
Australia’s Hancock To Offer Roy Hill Iron Ore On Chinese Trading Platform
…was launched in January with the backing of the China Iron and Steel Association. Australia’s three biggest producers of the steelmaking commodity have already signed up to the platform, as has Vale SA (VALE), the world’s largest iron ore producer….
Merck Australia’s Win in Vioxx Ruling Is Upheld by Court
…spent about A$10 million to fund the Vioxx class-action litigation in Australia since it started in 2005. The amount will be written down in the current year’s financial accounts and won’t have a cash impact as the costs have been accounted for, the law firm…
Class war in Australia? In your dreams Tony
…about class warfare when their funding was cut and many now face redundancy and financial uncertainty. Victorian nurses also learned the hard way when they were forced to take illegal action and walk off the job to save their jobs and working conditions. A…
TEXT-S&P summary: Goodman Australia Industrial Fund
…31, 2012, is at the upper-end of our expectations and limits the fund’s financial flexibility in our view. However, we believe gearing will trend toward 35% by the end of 2013 calendar year, as the fund works toward its new target gearing policy of 25%-30%….
Aussie Sinks on Weak Chinese Data Set
…continues to negatively impact global appetite for Chinese products. The Australian Dollar and other correlated currencies plummeted as the weak data diminished confidence in the Chinese economy. AUDUSD made a fresh session low, and approached support by yesterday’s…
LSE’s clearing house asks for Australian license
…by NASDAQ. More information on NASDAQ traded symbols and their current financial status. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Dow Jones IndexesSM from Dow Jones & Company, Inc.
Aussie Bulls Not Giving Up Despite Currency Slide
…told CNBC Asia’s “Squawk Box”. “Whatever happens, even if the Reserve Bank of Australia (RBA) cuts again another 50 basis points, the Aussie is the only G20 currency that would still give you nearly 3 and a half percent overnight.” Australia’s interest rates…
Australia shares post worst week of 2012 on global worries
…clean and doing the right thing,” said Burrell & Co director Richard Herring. Australia’s big four banks ended off their lows, with the biggest decline posted by Westpac Banking Corp down 0.8% at A$22.72 (RM70.20). Investors showed little reaction to Chinese…
Australia’s ANZ cuts variable mortgage rate by 37 bps
…be effective from May 18, ANZ said in a statement. ANZ is the last of Australia’s major four banks to pass on a cut to its customers after the central bank cut the cash rate by a surprisingly aggressive half a point more than a week ago, saying the move was…
Australia’s jobless figures need some work
…“One hour of work doesn’t contribute much to the labour force,” said National Australia Bank economist Ali Knight. “I think underemployment is an issue and we’re probably seeing it increase over the past few years, as well,” She said. “The actual headline…
Chi-X chief supports LCH Clearnet’s Australia plan
…of these options: MarketWatch Front Page A starting place for all your financial news and information needs. Search Search MarketWatch news, past and present. Quotes Get quotes for stocks, mutual funds, options and major market indexes. If you reached this…
Australian commuters witness mystery money shower
…Australia — Rush-hour motorists in the south-eastern Australian city of Melbourne have reported a “confetti-like” shower of bank notes. “It was like driving through a cloud of confetti,” one man told local FoxFM. “There was so much in my face I couldn’t see…
Australian tycoon ends Vitol coal supply contract
…industrial company, Metallurgical Corporation of China Ltd, and China Exim Bank,” he said. The ambitious mine will create 6,000 jobs during construction and generate an estimated Aus$4.6 billion in annual export revenues, he added. Palmer is Australia’s fifth…
