POLITICS & POLICY

Australian Dollar Outlook - 11/07/2011

Bell FX Currency Outlook: The AUD has opened just above 1.0410 as the financial world follows the developments in Europe. The Greek Prime Minister George Papandreou agreed to step down as leader to form coalition government while the G-20 summit concluded without agreement to use IMF SDR funding to fund the EFSF.

Gold To Advance Further As Fed Dampens Demands For USD

Gold advance to a fresh monthly high of $1768/oz as market participants diversified away from the U.S. dollar, and the bullion may continue to retrace the sharp selloff from back in September as the Federal Reserve casts a weakened outlook for the world's largest economy.

Global Markets Overview - 11/07/2011

U.S. stocks capped their first weekly loss since September with a drop on Friday, as Europe's sovereign-debt problems overshadowed a small gain in U.S. employment. The Dow Jones Industrial Average shed 61.23 points, or 0.51%, to 11983.24, and snapped a streak of five weekly gains. The Standard & Poor's 500-stock index shed 7.92 points, or 0.63%, to 1253.23, ending its own weekly winning streak at four.
More news

Australian Defence Secrets on USB Device Stolen

Secret Defense documents of Australia's most senior commander in the Middle East, Major-General John Cantwell, were contained in a USB drive that was stolen from his aide's checked in bag at Kuwait's airport on February 28, according to a report on the investigation of the incident.

Thailand's Retail Markets, Industrial Estates Threatened by Floods

As floods continue to wreck havoc in Thailand, the death toll has now risen to 356 and more than 2 million had been affected within the 147 districts and 26 provinces still submerged by the worst natural disaster in a century in this developing Southeast Asian country.

Euro Crisis Eclipses all Issues in G-20 Summit

As expected, leaders and financial managers of European nations were kept busy by developments in Greece during the first day of the Group of 20 Summit which was supposed to have been spent to put together strategies in enhancing economic growth and environmental concerns around the globe.

Australian Stock Market Report - Midday 11/04/2011

After four straight days of gains this week, the Australian sharemarket is finally recording healthy gains with the All Ordinaries index (XAO) up 2.1 pct or 90.7 pts to 4328.2. All sectors are currently higher with the miners the top performers in percentage terms.

Politics Thwarting Possible Gains in the Euro Zone

Events in Greece during the past two days may have spoiled the efforts of EU leaders who have been working very hard to resolve the crisis that has put most parts of Europe on the brink of economic collapse.

Prices of Chinese Rare Earths Fall

Rare earth minerals have suddenly flooded in the Chinese market, forcing a major plummet in prices, days after the China federal government announced the implementation and issuance of specialized invoices for its rare earth minerals sector.

Global Market Overview - 11/04/2011

Global markets extended their gains overnight, as Greece dropped voting on its financial rescue and the European Central Bank unexpectedly cut interest rates. Markets cheered the news and gains were posted across the board. The ECB surprised the markets with a 25 basis point rate cut to 1.25% to bolster economies reeling from the debt crisis. New ECB President Mario Draghi made it clear that the euro area is at risk of relapsing into a mild recession.

Mining Tax Will Crush Small Miners: Forrest

The heat goes on for the debacle on Australia's controversial 30 per cent minerals resource rent tax (MRRT) as small- and mid-sized Australian mining company executives debunked the proposed mining law saying the smaller mining firms are at most risk with it.

Is India Ready to Rescue the Beleaguered Euro Nations?

With foreign exchange reserves going up from $749 million to $312.231 billion last month (based on Reserve Bank of India’s statistics), India is another candidate from the group of top emerging economies of Asia that could contribute to resolving the financial woes of the Euro zone.

Why China Can't, or Won't, Bail Out Europe

Of all the emerging economies, China is in the best position to assist the ailing nations in the Euro zone due to its abundant financial reserves. However, it has all the right reasons not to do so in the near term.

Australian Stock Market Report - Afternoon 11/03/2011

The Australian sharemarket lost ground today for the fourth consecutive day, with the All Ordinaries index (XAO) down 0.3 pct or 13.8 pts to 4237.5. Almost all sectors lost ground, with the financials and energy stocks the biggest drag on trade.

Australia Pledges more Support for IMF at G20

Australian Prime Minister Julia Gillard has committed to double her government’s support for the International Monetary Fund (IMF) when she meets with Group of 20 (G-20) leaders in Cannes.

Pages