The Australian dollar moved to a new 29-year high on Friday as the dollar continued to slump against most major currencies. The combination of stronger than expected inflation data during the week from Australia, combined with a dovish outlook from the FOMC has continued to drive investors into high yielding currencies.
Markets around the world welcomed the announcement from US President Barack Obama, that the Al-Qaeda leader Osama Bin Laden had been killed.
U.S. blue-chip stocks closed out their best month of the year Friday, as first quarter earnings reports sent major indexes to fresh multiyear highs. The Dow Jones Industrial Average added 47.23 points, or 0.4%, to 12810.54, its highest close since May 2008. The blue-chip measure surged 4% during the month and extended its winning streak to five straight months. The Dow is now up almost 11% for the year.
Business lending is on the rise in Australia, according to figures from the banking regulator, but an industry expert said the data for March is yet to be indicative of the prevailing trend
Shares of Sony surged as it returns with some services on its PlayStation Network (PSN). This after the company offered incentives to users whose online personal information is at risk.
By Greg PeelThe Japanese earthquake and tsunami occurred in March and the ensuing uncertainty and panic surrounding the Fukushima reactor led to a sharp drop in the spot uranium price.
- Strong Aussie dollar hurting ResMed - Revenues and margins weaker in March quarter - Broker views remain divided on the stockBy Chris ShawSleep disorder group ResMed ((RMD)) delivered third quarter results last week, the result showing expected weakness in revenues and some margin pressures given ...
Credit agency Moody's Investors Service on Monday affirmed Australia's top rating for its government debt citing the country's strong economic outlook despite a risky local bank's borrowing overseas.
The Australian dollar continues its march upward trading in the 1.0990’s this morning after equity markets, gold, oil and commodities in general continue to trade higher and the USD remains weak.
By Rudi Filapek-VandyckThe TD Securities – Melbourne Institute Monthly Inflation Gauge rose by 0.
At the end of its annual general meeting, ALTIN AG (SIX: ALT, LSE: AIA), the Swiss alternative investment company, commented on its final results for 2010. In a generally gloomy financial environment, ALTIN achieved a very positive investment performance in 2010 of +12.47%, easily outperforming the funds of hedge funds index, HFRI FoF (+5.67%). Its highly liquid portfolio allows its manager to follow a dynamic management approach and to take advantage of the investment opportunities.
Cosmos Technologies, the product development arm of Indus Valley Partners, today announced the addition of a new product - "Cosmos Cash Master" to its product suite.
The Alternative Investment Management Association (AIMA), the global hedge fund association, has launched an initiative to engage with the Brazilian hedge fund industry and announced the appointment of a local representative, Michelle Noyes of BRZ Investimentos.
Consumer confidence in the U.K. has been severely shaken, only a wedding of such pomp and ceremony as that of the future King of England can pull the nation out of the doldrums, even if only for the day. Whether the country's collective euphoria can translate into economic goodwill, however, is in question.
For Australian investors this could either be regarded as largely irrelevant or as a valuable free lesson where we can learn from the pain experienced in other markets having been largely insulated ourselves.
There is a commendable focus on better protection and stronger engagement for investors in the package of reforms announced this week by the Assistant Treasurer and Minister for Financial Services and Superannuation, Bill Shorten.
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.
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.
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.
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.
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.
Apple Inc has denied reports that the company installed a tracking device on its iPhones to know the locations of users.
