Activity in the service sector contracted in July, as government stimulus fades, according to a report.
US personal income and personal spending were both largely unchanged in June - with results below market expectations.
U.S. stocks fell Tuesday as disappointing earnings from Procter & Gamble and Dow Chemical and a round of weaker than expected economic data prompted worries about the strength of the recovery.
The Australian Dollar has opened above USD0.9100 after a night in which ambiguity and uncertainty presented themselves to the markets again.
After yesterday's strong move up on the S&P it's no surprise to see markets pull back and consolidate those gains. The lead in for the Australian market is relatively benign with the S&P 500 closing at 1120, down 0.5%.
The Australian Dollar fell below 0.9100 US earlier in the day following an unexpected decline of -3.3% in June building approvals.
No rate rise from the Reserve Bank yesterday, and no signals for what might happen in future months, as we got from Sep...
On the one hand, retail sales for June were weak, rising from May by just 0.2%, seasonally adjusted.Looking at the compo...
The building approvals figures for June were also mixed: a weak month to end what was started out as a strong year last ...
Is there life after a slump for Adelaide-based manufacturer Hills Industries?Judging by yesterday's full year result and...
Wheat prices at a two year high, copper hits a three month high, oil above $US81 a barrel, and other commodities such as...
The Fair Work Ombudsman has started a prosecution against Stewarts Transport & Logistics Pty Ltd, a Bendigo transport company, for allegedly underpaying a worker $3200.
Global miner Rio Tinto Ltd (ASX: RIO) is planning to invest another $US790 million ($A866 million) to grow its iron ore operations in Western Australia's Pilbara region.
Weak data and mixed earnings results at the consumer level took the gloss of Monday's rally last night. Dow down 38. (Locked for subscribers until 10:00 AEST)
The Australian stock market has received a weak lead from Wall Street where dismal earnings and economic data put an end to the recent rally.
In A double windfall for farmers the Coalition has committed to pursuing comprehensive trade agreements - reaffirming agriculture as a central pillar in all negotiations - and returning to a dedicated, stand-alone federal trade minister who has a seat in Cabinet."Some have suggested Australia should...
Australian prawn and barramundi farmers are this morning (Wednesday) calling on all political parties to support better country-of-origin labelling for the seafood industry.At their industry conference on the Gold Coast, farmers and industry have vowed to unite and pass a motion of support demanding...
Organisations from Exxon to the Bill Gates Foundation have invested heavily in the race to produce biofuel from algae. One Australian company is ahead of the game, and is now in the process of an IPO.
We'd all like to believe the US economic recovery is becoming more solid and sustainable, but new insights this week offer a different picture.
Global banking giant HSBC’s Australian unit says it intends to increase its corporate lending.HSBC says it will leverage its massive international balance sheet in order to capture market share from its big four Australian rivals.H
Despite rising commodity prices, the Australian central bank has been forced to hold interest rates steady, as consumer spending remains static.
The Australian market ended 0.7% higher with cyclical/risk sectors driving the gains but failed to challenge the 4600 level
Investor sentiment was boosted today by a positive lead from Wall Street, firmer commodity prices and the Reserve Bank's decision to leave interest rates on hold.
S&P/ASX200-listed Aevum Ltd. rose in Sydney trading after the Australian retirement village operator turned down an A$266-million ($242 million) unsolicited buyout proposal from its biggest shareholder, Stockland.
The Reserve Bank kept interest rates unchanged for the third consecutive month today, giving borrowers another few weeks of relief from soaring mortgage repayments. The official cash rate stays where it has been since May at 4.5 per cent.
The Reserve Bank kept interest rates unchanged for the third consecutive month today, giving borrowers another few weeks of relief from soaring mortgage repayments. The official cash rate stays where it has been since May at 4.5 per cent.
Construction firm BrisConnections Unit Trusts (ASX: BCSCA) said on Tuesday that it is expecting a full year capitalised construction and financing costs of $1.88 billion and basing on its latest report, the company is also revealed a capitalised costs of $551 million covering the first six months of 2010.
The market got off to a strong start today, but was pushed back and forth by the finance sector - some banks moving in and out of positive territory.
Another decline in dwelling approvals in June is further proof of a wavering residential building upturn, and notwithstanding a monthly increase, there has also been a significant fall in non-residential building approvals as the boost from the Government's economic stimulus fades, according to the peak body for the building and construction industry, Master Builders Australia.
Bleak retail growth of only 0.2 per cent in June is very disappointing and reflects challenging times for retail as it climbs out of the crater left by the global financial crisis, said Australian National Retailers Association (ANRA) CEO Margy Osmond.
