The AUD has opened up over USD0.8900 this morning after a surprisingly strong night offshore last night.
U.S. stocks climbed broadly Thursday following strong earnings from Caterpillar, 3M and United Parcel Service, while better than expected data on U.S. existing home sales and euro zone economic activity also provided a boost.
US jobless claims rose by 19,000 in the latest week to 464,000, above expectations for a result near 445,000.
Australia's economy will deteriorate and inflation rise if the admission of skilled migrants is not maintained at least at its current level, according to some of the nation's most prominent business figures.
Riding on the heels of much better passenger traffic this year, Sydney Airport said on Friday that its terminal operations garnered a double-digit spike in earnings for the first half of calendar 2010, which about 12.9 percent higher from the previous corresponding period last year.
Another bad day for Woolworths' shares yesterday.While the market was mixed in reaction to poor leads from offshore, Woo...
Analysts have downgraded production forecasts, following global miner BHP Billiton's (ASX: BHP) fear that the Gulf of Mexico disaster will destroy the petrol growth prospects this year.
Federal Reserve Chairman, Ben Bernanke, has had an unusual economic lexicon in the past year or so.In early 2009 he gave...
After looking vulnerable to more downside in Asia yesterday the Aussie dollar found intraday support at 0.8735 going on to reverse its trajectory and rally during the European time-zone to retest what had been strong resistance around 0.8750.
As the merger with Lihir Gold inches closer, Newcrest Mining yesterday reported a solid end to the 2010 financial year a...
With the federal election now set for August 21 the AMP's chief economist, Dr Shane Oliver says it is natural to wonder ...
The earnings season yo-yo shot up last night and even economic data surprised. Dow up 201. (Locked for subscribers until 10:00 AEST)
The Australian currency opened nearly two US cents stronger, bolstered by positive investor sentiment following comments from the central bank and the US Federal Reserve earlier in the week.
The Australian share market is forecast to open higher, after a positive end on Wall Street and stronger commodities prices during the offshore session.
Slowly, the recovery in global steel is fading as the momentum goes out of the restocking boom, car sales peak in some c...
The Gillard Government will be funding $33,000 to Standards Australia to support the Australia Standard for Organic and Biodynamic Products"The OFA initiated the Australia Standard for Organic and Biodynamic Products to ensure credibility of organic products." Andre Leu, Chair of the Organic Federat...
According to the latest consumer research from Nielsen, New Zealand wines are quickly becoming a regular feature in the cellars of Australian households with continued strong volume sales growth for take-home purchases (up 38% compared to total wine market at 10%).Information sourced from Nielsen's ...
A war of words has erupted between two of the big four lenders, with Ralph Norris chief executive of CBA, lashing out at NAB’s claims that the lender is making super profits in mortgage lending.The banking oligopoly in Australia is normally a cozy affair, and Mr. Norris criticizing a rival is inde...
Wealth investment manager AXA Asia Pacific Holdings Ltd (ASX: AXA) revealed on Thursday that its Hong Kong operations were experiencing accelerating growth, with regional sales soaring by more than 50 percent during the first half of the year.
World Bank president Robert Zoellick reported on Wednesday that the recent worldwide financial crisis had resulted to an additional 60 million people living in poverty as he noted that economic gains achieved in global recovery remained frail and tentative in some economies across the globe.
Australian beer and wine maker Foster's Group Ltd (ASX:FGL) was forced to issue a clarifying note to the market after its internal earnings target was unintentionally revealed today.
Australia-based oil and gas explorer and producer Petsec Energy Ltd (ASX:PSA) has cut down its 2010 production and revenue projections to 4.0 Bcfe (billions of cubic feet equivalent) and $US28 million ($31.94 million) respectively.
The latest National Australia Bank’s (NAB) quarterly index of business confidence released on Thursday showed that belief on economic conditions retreated by 14 points to three index points in the June quarter as mounting worries on financial markets turbulence applied heavy burden on Australian firms.
Australian gold producers Bendigo Mining (ASX:BDG) and BCD Resources (ASX:BCD) have entered into a scheme implementation arrangement to merge the companies into a larger mining business.
Andean Resources has a high quality project at Cerro Negro but at least one broker does not want to get carried away just yet.
Australia's largest gold mining company Newcrest Mining Ltd (ASX:NCM) has reported a 26 per cent lift in gold production in the June quarter, boosted by record output at its Telfer and Gosowong sites.
Workers for Australian telecommunications and media company Telstra (ASX:TLS, NZX:TLS) will have little sympathy for their discharged colleagues, says the union representing many of the telco's employees.
Energy firm Santos Ltd (ASX: STO) said on Thursday that its operations in Cooper Basin would continue to be plagued by flooding in Central Australia, as the company reported that production declined by 11 percent in the June quarter but sales volume and revenue saw a spike of two percent and 20 percent respectively.
Australia's average superannuation fund generated a profit of 10.4 per cent for the year to June, the first gain in three years.
A few shareholders vented their frustration with the Westpac Office Trust's (ASX:WOT) disappointing performance, while a massive majority gave the nod at a unitholder special meeting called in Sydney yesterday to vote on Mirvac Group's (ASX:MGR) $1.2 billion takeover of the trust.
