The Australian dollar has opened just under0.9900 this morning after a quiet day of trading on Friday night as all eyes focused on the jump in the EUR versusthe USD as data from Germany was much better thanexpected.
US stock markets' bull run stuttered during the week to Friday even though the Dow held firm on the final day of weekly trade to score its highest close since June 2008.
A key leading index for the US economy hit a 36-week high on Friday. The Economic Cycle Research Institute leading index rose from 128.1 to 128.9 in the week to January 14.
Apple has announced that download from its iconic App store breached 10 billion apps by the more than 160 million iPhone, iPod touch and iPad users across the globe. The 10 billionth app downloaded, Paper Glider, was purchased by Gail Davis of Orpington, Kent, UK. As the winner of the App Store Countdown to 10 Billion Apps, Gail Davis will receive a $10,000 iTunes Gift Card.
The Australian Dollar's advance seems to have been capped as the potential cost of the Queensland floods and its impact on local growth continue to be at the forefront of traders minds.
India's state-owned metal and energy firms will decide this week whether they would combine their arsenal to counter the bid to Rio Tinto's $3.9 billion offer for Riversdale Mining Ltd.
Local governments need to provide more detailed flood mapping data to accurately determine flood risk to properties urged the Insurance Council of Australia (ICA).
The Australian sharemarket finished 0.6pct or 31.1pts lower to 4860.9 today with the miners and energy companies the biggest underperformers.
A new partnership between the Aurora Group and Majestic Hotels is set to benefit the South Australian and Northern Territory markets by expanding the properties on offer and combining marketing knowledge and experience for the tourism industry.
Home loan refinancing is set to be the next major source of housing finance for 2011 based on a survey conducted by mortgage broker Loan Market.
The South Australian government has announced on Friday that additional workers were recruited by Holden for further deployment in the company’s Adelaide assembly plant.
The Australian market is off slightly at the moment with mining stocks the biggest drag on performance due to weaker commodity prices and global weakness overnight.
The government is mulling over the possibility of charging a national levy on taxpayers to pay for the costs to rebuild Queensland according to Prime Minister Julia Gillard.
Bravo’s hit series The Real Housewives of Beverly Hills star, Kyle Richards and husband Mauricio Umansky have bought a new Bel-Air property for more than $3 million.
Latest date from the Australian Industry Group's Australian Performance of Construction Index (Australian PCI) in conjunction with the Housing Industry Association, has shown that developments in engineering construction mitigated effects in the national construction industry as it helped slow the rate of contraction in December. While lifting 1.6 points to 43.8, the seasonally adjusted index remained below 50 indicating a contraction in activity.
The Australian Industry Group on Friday announced the launching of several practical measures to assist thousands of businesses affected by the flooding to get back on their feet and resume normal operations.
U.S. stocks are lower Thursday, with the Dow Jones Industrial Average dipping in and out of negative territory as investors fret that stronger-than-expected growth in China would lead to more policy measures to cool its economy.
US existing home sales soared by 12.3 per cent to annual rate of 5.28 million far surpassing forecasts for a rise to 4.85 million.
The Aussie reversed its 3 day gains against the US Dollar as investors abandoned higher yielding assets. Overnight the Aussie fell to 0.9830, its lowest level in a week.
The Australian dollar has opened lower thismorning as investor's concerns about China weighed onthe local currency.
Australia's QR National estimates coal haulage will fall by as much as 20 million tonnes in the current quarter due to the recent flooding in Queensland state.
Air New Zealand (NZE:AIR) has acquired a substantial shareholding in Australian-based airline Virgin Blue (ASX: VBA).
Global miner BHP Billiton Ltd (ASX:BHP) has reported record iron ore production and shipments for both the half year and quarter ended December 2010 despite the impact of ongoing tie-in activities related to its growth projects.
Giant telecommunication firm Telstra Corporation Ltd sets its sight on fresh sales and marketing approach following the impending departures of the telco’s two senior executives.
Australia’s two major airports on Thursday reported spikes on the number of passengers traveling through Melbourne and Sydney in 2010, with both terminal managements attributing the rise to record influx of Chinese and other Asian visitors flocking into the two Aussie cities.
Anglo-Australian mining giant Rio Tinto (ASX: RIO) has pledged another $1 million dollars to the Queensland Premier's Flood Appeal.
Westpac Banking Corporation (ASX:WBC) is providing a range of additional initiatives to support customers and local communities impacted by the devastating Queensland floods.
Virgin Blue Group of Airlines (ASX: VBA) is working in partnership with Tourism Queensland following the floods to help bring back as much business as possible to local communities.
Property experts agree that to rebuild the damage caused by the flooding investor confidence must be restored and communities be made more resilient.
BHP Billiton (ASX: BHP) has approved the increased capital expenditure for the Esso Australia-operated Kipper and Turrum projects in the Gippsland Basin, offshore Victoria.
