Bell FX Currency Outlook: The AUD is almost a cent higher from this time yesterday, currently trading around USD1.0210, as markets digest the results from the elections in Europe over the weekend.
Christine Gaylican
May 08, 2012
The Dow industrials lost ground for the fourth session in a row amid concerns that elections in France and Greece could impede Europe's ability to deal with its sovereign debt problems.
Christine Gaylican
May 08, 2012
The Australian sharemarket slumped to a 3-week low, with the All Ordinaries Index (XAO) falling by 2.2 pct or 97.8 pts to 4361.6. The local market had its worst single day since mid-December last year. Most sectors fell by at least 1.5 pct, while energy and mining stocks plummeted by more than 3 pct.
Vittorio Hernandez
May 07, 2012
Senior ministers in the Gillard administration had warned on Monday that the carbon tax is killing the government. Their warning includes suggestions to change the sales pitch for the tax and to redesign the pricing.
Vittorio Hernandez
May 07, 2012
Because of the strong pressure Australian banks are facing to pass in full the 50 basis points overnight cash rate made by the Reserve Bank of Australia (RBA) on Tuesday, ANZ Bank Chief Executive Mike Smith complained on Sunday of the barriers that make it harder for companies to do business in Australia.
Vittorio Hernandez
May 07, 2012
A new remote sensing satellite has been hurtled into space by China, the world's second-largest economy, on Sunday.
Esther Tanquintic-Misa
May 07, 2012
Prime Minister Julia Gillard has ramped up efforts by her government to convince the Australian public that the 'Labor way' of managing the national economy would in the long-run prove beneficial to the greater majority.
Erik Pineda
May 07, 2012
On Friday night the global markets were hit by concern and weak commodity prices. The Australian markets ended weaker with the All Ordinaries Index (XAO) down 35 points to 4,459 points.
Vittorio Hernandez
May 07, 2012
Treasurer Wayne Swan will announce on Tuesday several budget measures that will help small Australian businesses cope with the impact of the strong currency and consumer caution. Among the measures that Mr Swan will announce is a loss carry-back provision which would allow local firms to claw back overpaid cost of tax in any financial year.
Vittorio Hernandez
May 07, 2012
Bell FX Currency Outlook: A disappointing non-farm payroll number from the US for April saw major equity markets move lower on Friday and take the Australia dollar with it to the mid 1.0100 level this morning.
Christine Gaylican
May 07, 2012
U.K.'s Defence Secretary Philip Hammond has called on Germany to play a more active role in global military affairs.
Lawrence Villamar
May 07, 2012
A flat reading from the U.S. jobs market sank stocks and plunged the Nasdaq to its biggest single-session drop since November. Stocks shot lower at the open and remained pinned down for the duration of Friday's trading.
Christine Gaylican
May 07, 2012
The Australian market fell for the second straight day today, with the All Ordinaries Index (XAO) down 0.8 pct or 35.1 pts to 4459.4. Despite the losses, local shares still ended around 0.5 pct higher for the week.
Vittorio Hernandez
May 05, 2012
Ahead of the budget surplus that Prime Minister Julia Gillard said she will adhere to in the May 8 budget presentation, the Reserve Bank of Australia (RBA) painted a subdued pace of the domestic economy for much of 2012 on its quarterly policy advisory.
Erik Pineda
May 04, 2012
Canadian miner Gabriel Resources Ltd., whose Rosia Montana gold mine project in Romania continues to get delayed due to the absence of a key environmental permit, said Romania stands to lose some $30 billion in earnings as the project gets stalled.
Esther Tanquintic-Misa
May 04, 2012
For years now, almost all the countries in the world have an army of its own, which is committed to protecting the national interests of the country against enemies.
Jamelle Agbuis
May 04, 2012
KazAtomProm, Kazakhstan's national nuclear company, as part of a number of signed agreements between Kazakhstan and Japan earlier in the week, said on Thursday it wants to begin exporting nuclear fuel components to Japan by as early as 2013.
Esther Tanquintic-Misa
May 04, 2012
KazAtomProm, Kazakhstan's national nuclear company is determined to begin exporting nuclear fuel components to Japan by as early as 2013. KazAtomProm said on Thursday after a number of signed agreements between Kazakhstan and Japan earlier in the week.
Esther Tanquintic-Misa
May 04, 2012
The Australian share market lost ground yesterday, with the All Ordinaries Index (XAO) easing by 10.3 points to 4,494 points.
Vittorio Hernandez
May 04, 2012
Higher gold prices, which rose 22 per cent from a year ago, have helped boost the profit earnings of Canadian miner Eldorado Gold Corp. by 29 per cent in the first quarter of 2012.
Esther Tanquintic-Misa
May 04, 2012
The Australian government has assured on Friday that the announced defence spending cuts in the upcoming 2012-2013 budget will not weaken the ability of the military to safeguard the country's interest in the Asia-Pacific region.
Erik Pineda
May 04, 2012
Westpac Banking Corporation reported on Thursday first-half net profit of $3.07 billion for the six months to March 31. While it is a 25 per cent decline compared to the same period a year ago, the slump was mainly due to a one-off tax consolidation following Westpac's purchase of St George.
Vittorio Hernandez
May 04, 2012
Bell FX Currency Outlook: Weaker commodity prices pushed the Australian dollar lower overnight with commodity currencies under immense pressure as gold, copper and oil all ended the session significantly lower.
Christine Gaylican
May 04, 2012
International credit rating agencies are expected to maintain Australia's AAA status following the anticipated budget surplus that the federal government is set to present on May 8, likely pulling down banks and consumers borrowing costs for much of the current year.
Erik Pineda
May 03, 2012
The Australian sharemarket lost ground today for the first time in four sessions, with the All Ordinaries Index (XAO) easing by 0.2 pct or 10.3 pts to 4494.5. The mining, energy and industrial sectors all ended lower which put downward pressure on the broader market. Those three sectors make up around 37 pct of the Australian sharemarket.
Vittorio Hernandez
May 03, 2012
The Australian share market rose for the third consecutive day yesterday, with the All Ordinaries Index (XAO) edging higher by 7 points to 4,504 points. Overnight the markets were held back by the news that 11 European countries had now fallen back into recession, and the Eurozone unemployment rate had hit a record high of 10.9 pct.
Vittorio Hernandez
May 03, 2012
Unlike their US and Western counterparts whose economies have been largely saddled by the global fiscal uncertainty, China and India, along with members of the ASEAN (Association of Southeast Asian Nations) group, have been forecast to continue their growth of momentum well beyond year 2030.
Esther Tanquintic-Misa
May 03, 2012
Prime Minister Julia Gillard vowed on Thursday to beef up Australia's defence capabilities amidst pressures to reduce government spending in the May 8 budget presentation.
Erik Pineda
May 03, 2012
1st Fleet, an Australian trucking company that operates in Queensland, New South Wales, Victoria and South Australia, locked out about 1,000 workers and ceased trading overnight without any warning on Wednesday night.
Vittorio Hernandez
May 03, 2012
Two of Australia's big 4 banks have yielded to pressure from Treasurer Wayne Swan for them to reduce their mortgage interest rates following the May 1 decision by the Reserve Bank of Australia (RBA) to cut the overnight cash rate by 50 basis points to 3.75 per cent.
Vittorio Hernandez
May 03, 2012
