On Friday, China's currency the yuan, broke past 6.50 against the US dollar, its highest official level since a currency revaluation in 2005.
Australians continue to cut their borrowing levels at a time when their per capita wealth has reached a record high.
Recent upward momentum and weakness in the Greenback propelled the Aussie Dollar to fresh highs yet again during yesterday's Asian session, topping out at 1.0940 before heading into offshore trade holding above the 1.09 handle.
A soaring Australian dollar produced a diving Australian sharemarket on Friday as investors decided that record dollar levels are bad for business.
US consumer sentiment rose from 67.5 to 69.8 in April, ahead of forecasts centred on 69.6.
U.S. stocks extended their multi-year highs Thursday as the market clung to optimism generated by the Federal Reserve's plans to keep interest rates low and the flow of encouraging corporate earnings. The Dow Jones Industrial Average rose 72.35 points, or 0.6%, to 12763.31.
New York-based global investment firm Kohlberg Kravis Roberts & Co. (KKR) has taken a 10 percent interest in Masan Consumer Corp., a leading producer and distributor of fast-moving consumer goods (FMCG) in Vietnam.
A major Australian building and construction industry association in Victoria is calling on the State Government to honour its election promises in Tuesday’s State Budget by cutting Stamp Duty and reforming the planning system.
An addition to Australia’s largest Apple stores is soon to open in the succeeding months in the city of Brisbane. This is a result of yesterday’s announcement of plans concerning the $10.5 million renovation of historic MacArthur Chambers.
Leighton Holdings Ltd (ASX: LEI) had completed the sale of a 35 per cent stake in its Indian operations to leading diversified Indian conglomerate, Welspun Group. The Australian company said payment was received yesterday.
Australia's internet service providers are wary that the planned National Broadband Network (NBN) may push up their prices much to the dismay of customers.
Macquarie Group Ltd. (ASX:MQG) is optimistic that with better market conditions, the second half of the year would bode well for its businesses particularly for Macquarie Securities and Macquarie Capital.
A $1.6-billion aluminium smelting plant that will be put up in Malaysia’s Sarawak state by a partnership of two major Chinese and Malaysian groups will have a capacity of 370,000 tonnes a year.
Australian capital city dwelling values fell by a seasonally adjusted 2.1 per cent in the first quarter of the year, according to the latest RP Data-Rismark Home Value Index.
On the eToro trading floor, sentiment among eToro's oil traders was bullish in favor of buying by a ratio of 14 buyers to 6 sellers.
Housing affordability is by far the main issue facing first home buyers, according to the latest survey from Loan Market.
The master plan for the future delivery of financial advice has been mapped out.
By Dian L. Chu, EconMattersQE2 is going to go down as one of the worst monetary policy initiatives in the history of the modern Federal Reserve era.
Some 15,000 model structures made from an estimated 30 million Lego bricks, along with over 40 interactive rides, shows and attractions, will be the main features at Legoland Malaysia that is set to open late next year.
US economic growth slowed from a 3.1pct annual pace in the fourth quarter to 1.8pct in the March quarter. Economists had expected growth of around 2pct. US jobless claims rose by 25,000 to 429,000 in the last week.
By Greg PeelThe Dow rose 72 points or 0.6% while the S&P gained 0.4% to 1360 and the Nasdaq managed 0.
Bread giant Goodman Fielder has announced a reduction in its expected profits following a "soft" third quarter, with businesses affected by retailer competition between Coles and Woolworths, fallout from the floods, commodity costs and the high Australian dollar.
Shares in Associated British Foods tumbled in morning trade yesterday after the George Weston and Don/KR Castlemaine parent company cut its full-year profit outlook, despite an improved first-half performance from its sugar and grocery businesses.
A nascent growth in manufacturing activity in the Philippines slowed in February in terms of both volume and value of production, according to newly released government statistics.
Apple Inc has denied reports that the company installed a tracking device on its iPhones to know the locations of users.
Two operators of the famed 7-Eleven stores were fined $150,000 for exploiting international workers from Zimbabwe and India.
South Australia's manufacturing industry has recorded negative growth in annual average employment between 2000-01 and 2009-10, according to official national figures.
- Inflation risk in EMs remains to the upside- The risk does not abate if annual CPI growth rates peak- Currency revaluation would be the best solution- Beijing has to be the first to actBy Greg PeelBefore we get started, to appreciate the following discussion it is necessary to understand “ba...
An unearthed body of a miner clad in uniform with in the crumpled Pike River mine gained fuming calls to “get our boys out” in New Zealand.
The California Public Employees' Retirement System (CalPERS) has committed a total of $400 million to three emerging managers in the pension fund's Manager Development Program II (MDP II) for public equity investment.
