POLITICS & POLICY

Australian Dollar Outlook - 29 April 2013

Bell FX, Rivkin Securities, IG Markets Currency Outlook: There was a slight weakening of risk-related assets over the weekend with the lower-than-expected turnout of U.S. GDP. The AUD opened this morning below the 1.0300 level banking on hopes that the ECB rate decision will provide the boost during this week's trading.
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Australian Dollar Outlook - 26 April 2013

Bell FX Currency Outlook: The Australian Dollar is sitting just south of USD 1.0300 this morning which is slightly higher than where it was trading at local close of business on Wednesday.

Global Markets Overview - 24 April 2013

The Dow Jones Industrial Average on Tuesday was up 152.29 (1.05 per cent) at 14,719.46. The broad-based S&P 500 added 16.28 (1.04 per cent) at 1,578.78, while the tech-rich Nasdaq Composite Index jumped 35.78 (1.11 per cent) to 3,269.33.

Australian Dollar Outlook - 24 April 2013

Australian Dollar Outlook (BELL FX, Rivkin Securities): Slightly lower overnight by 0.17% $1.0258, the Australian dollar has been trading marginally higher at $1.0267 (8:50 AEST) at the start of this morning's auction against the US dollar.

Chairman Schmidt Champions Tax Records of Google

While the battle over the tax records is still being fought, Google Inc.'s executive chairman Eric Schmidt had a say in defending the company's reputation. He simply came to the rescue as Google Inc. has been recently struggling with increasing attacks on the sum of tax it paid in the UK.

Global Markets Overview - 23 April 2013

US stocks moved higher amid mixed earnings reports, bouncing back after last week's losses. The Dow Jones Industrial Average gained 19.66 points, or 0.14 per cent, to 14,567.17. The broad-based S&P 500 added 7.25 points, or 0.47 per cent, to 1,562.50. The tech-rich Nasdaq Composite Index jumped 27.50 points, or 0.86 per cent, to 3,233.55.

Australian Dollar Outlook - 23 April 2013

Bell FX Currency Outlook: The Australian Dollar is slightly lower this morning as traders remain cautious ahead of some Chinese manufacturing data due to be release today.

China Earthquake: More Deaths Feared in Sichuan

Rescue workers feared more dead bodies lie under the rocks that toppled over from the concrete structures that got destroyed during Saturday's magnitude 6.6 earthquake in Sichuan province. At least 207 have been confirmed dead as of Sunday, while the number of injured have reached more than 11,800.

Australian Dollar Outlook - 22 April 2013

Bell FX Currency Outlook: The Australian Dollar had a quiet night on Friday after the volatile movements of last week and opens this morning below 1.0300.

Global Markets Overview - 22 April 2013

Stocks rose Friday, trimming the biggest weekly loss of the year for the Dow, as continued strength in defensive corners of the market offset a selloff in International Business Machines shares.

Lynas Rare Earths Production: Demand to Pick Up Medium Term

Australian rare earths mining firm Lynas Corp remained confident demand for its rare earths will eventually pick up in the medium term as it announced it had been able to produce a full suite of rare earths products in the first quarter of 2013.

Global Markets Overview - 19 April 2013

Stocks continued their slide after a full slate of uninspiring corporate earnings reports provided little to compel investors to step in and buy shares.

Climate Change Affecting Height Intensity of Global Ocean’s Waves

A study by Australia's Commonwealth Scientific and Industrial Research Organisation (CSIRO) has warned that the world's coastline beaches could experience swelling and intense levels and heights of pounding ocean waves due to climate change.

Australian Dollar Outlook - 19 April 2013

Bell FX Currency Outlook: The Australian Dollar remains under pressure this morning and continues to trade below USD 1.0300 after a volatile week.

Global Markets Overview - 18 April 2013

Investors struggled through a third straight day of volatility Wednesday, as weak economic data from Europe and disappointing domestic earnings reports prompted a pullback in U.S. stocks, the euro and oil prices.

FTA Between Australia and China Derailed Yet Again Over State-Owned Assets Restrictions

Despite having China as its topmost trading partner, Australia's ambition to have a free trade agreement (FTA) signed with its fellow Asian country continued to get derailed, even after almost a decade-long negotiations. This time, the talks got hindered on China's insistence that Australia lift its foreign investment restrictions on state-owned enterprises.

Australian Dollar Outlook - 18 April 2013

Bell FX Currency Outlook: The Australian Dollar is under pressure this morning and has traded below USD 1.0300 after a volatile overnight session in the northern hemisphere. The US dollar, on the other hand, got a boost

Boston Marathon Bombing: Family and Friends Mourn Victim, Krystle Campbell [PHOTOS]

The Boston Marathon held last Monday was supposed to be a fun event for 29-year-old Krystle Campbell of Arlington, Massachusetts but the heinous bombing incident that occurred took her precious life. Officials confirmed to the public that Krystle Campbell was one of the three Boston Marathon bombing fatalities causing her family and friends to mourn their tragic loss even through social media.

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