Bell FX Currency Outlook: The recent rally in the AUD was further extended overnight with the local unit pushing back through USD1.0700.
Christine Gaylican
Feb 02, 2012
FROM MORRISON SECURITIES PTY. LTDU.S. stocks rose broadly, moving to within striking distance of a multi-year high, as investors were bolstered by solid manufacturing reports around the world.
Christine Gaylican
Feb 02, 2012
The Australian sharemarket kicked off the new month in a less than desirable manner with shares losing ground for the third consecutive day today. Despite this week's losses, remember that January marked the best start to a new year since 1994 with shares rising by more than 5 pct and improving for four straight weeks. Today, the All Ordinaries index (XAO) fell 0.8 pct or 34.7 pts to 4291.0.
Vittorio Hernandez
Feb 01, 2012
Venezuela, in a series of operations that started in November 2011, had finally completed the repatriation of its $9 billion gold reserves that were withdrawn from various foreign overseas banks.
Esther Tanquintic-Misa
Feb 01, 2012
Investors have been advised to just sit back and relax, but continue to adopt a cautionary stance, after two conflicting sets of Purchasing Managers Index (PMI) on China were revealed on Wednesday which could send premature jitters to the world economy.
Esther Tanquintic-Misa
Feb 01, 2012
U.S. Secretary of State Hillary Clinton blamed the spotty connection in Australia for her failure to get in touch with Russian Foreign Minister Sergei Lavrov.
Erik Pineda
Feb 01, 2012
If for anything, the recently concluded weeklong Lunar New Year holiday helped propel prices of gold in the Asian trading floor to rise on Tuesday, prompted by China's holiday bingeing of the precious yellow metal.
Esther Tanquintic-Misa
Feb 01, 2012
Coles' latest ploy of imposing steep discounts on fresh produce being sold on its numerous stores could backfire and drive many Australian farmers out of business.
Erik Pineda
Feb 01, 2012
The ongoing price war between Australian supermarket giants Coles and Woolworths has led some MPs to seek a major amendment to the country's competition law. The legislators warned that the short-term benefits shoppers get from a 50 per cent price reduction on fruits and vegetables sold by Coles could mean disaster for the agriculture sector.
Vittorio Hernandez
Feb 01, 2012
The Australian sharemarket is losing a little ground for the third straight session, with the All Ordinaries index (XAO) down 0.3 pct or 13.4 pts to 4312.3. Most sectors are currently trading in the red however the retail, healthcare and telco sectors are all edging higher.
Vittorio Hernandez
Feb 01, 2012
The Australian government will make true of its pledge to realise a budget surplus by 2013, notwithstanding the challenges this year that economists said could plunge key economies into recession, specifically in Europe.
Erik Pineda
Feb 01, 2012
On 2 September 2011, the High Court granted special leave for Bendigo TAFE to appeal the majority decision of the Full Federal Court in the matter of Barclay v The Board of Bendigo Regional Institute of Technical and Further Education [2011].
Jamelle Agbuis
Feb 01, 2012
Bell FX Currency Outlook: The Australian Dollar continued to outperform overnight on news that European leaders have agreed to a new fiscal pact and a permanent bailout plan for the Euro zone.
Christine Gaylican
Feb 01, 2012
Australia's stock market had not moved in pace with the rest of the Asia-Pacific markets on Tuesday and is seen to remain flat on Wednesday's trading, but some action will push media-related stocks led by Fairfax Ltd.
Christine Gaylican
Feb 01, 2012
The Dow was in line for a fourth straight decline after a weaker than expected reading on consumer confidence erased early gains prompted by agreements designed to address Europe's sovereign-debt issues.
Christine Gaylican
Feb 01, 2012
New Zealand Prime Minister John Key met Australia's Prime Minister Julia Gillard over the weekend to discuss, among other things, the plight of New Zealanders seeking to start a new life in Australia.
Arlene Paredes
Jan 31, 2012
The World Trade Organisation (WTO) said on Monday that China violated global trade regulations when it restricted the shipments of nine materials that were crucial in the production activities of steel, aluminium and chemical industries in a number of nations.
Erik Pineda
Jan 31, 2012
In what could be a very favourable push towards its diversification plans, the Belinga iron ore deposit, Gabon's largest iron ore project, is already likely to fall into the hands of Australian mining giant BHP Billiton Ltd. in February.
Esther Tanquintic-Misa
Jan 31, 2012
The slowing global economy could potentially affect the construction and start-up operations of BHP Billiton Ltd.'s $20 billion expansion into the Olympic Dam copper, gold and uranium mine.
Esther Tanquintic-Misa
Jan 31, 2012
The Australian sharemarket was higher for part of the day however was not able to hang onto gains for the whole session. The All Ordinaries index (XAO) fell 0.2 pct or 8.7 pts to 4325.7 and lost ground for the second straight day.
Vittorio Hernandez
Jan 31, 2012
Australia needs to beef up its military might on the northwest coast, where most of the country's resource and mining activities were located, according to the initial recommendations of a review being conducted by the Defence Ministry.
Erik Pineda
Jan 31, 2012
Jan. 30 came and went, but rare earths miner Lynas Corp. still failed to gain approval for a temporary operating licence for its controversial LAMP advanced materials refinery in Gebeng, Kuantan, Malaysia.
Esther Tanquintic-Misa
Jan 31, 2012
The New Zealand government told UNICEF that it will continue to educate ethnic communities to prevent forced marriages involving young women and will not make change to the country's marriage legislation.
Arlene Paredes
Jan 31, 2012
Reading the latest Newspoll numbers could embolden Foreign Minister Kevin Rudd to ramp up his challenge on the leadership of Prime Minister Julia Gillard, which painted the latter as gradually losing her grip of power, at least as far as Australian voters are concerned.
Erik Pineda
Jan 31, 2012
This year, 2012, would likely be as tough or even more difficult than 2011, Australian Treasurer Wayne Swan said on Tuesday in his first weekly economic note for the year.
Vittorio Hernandez
Jan 31, 2012
After trading in the red for part of the morning, the Australian sharemarket is now gaining for the third time in five days. The All Ordinaries index (XAO) is up 0.2 pct or 10.2 pts to 4344.6. Despite a weak start to the day, the miners and big banks are now trading in the black which is giving the broader market a boost.
Vittorio Hernandez
Jan 31, 2012
Lacklustre trading is expected in Australian markets following the subdued overnight trading results in the U.S. and European markets still deeply embroiled in the debt crisis.
Christine Gaylican
Jan 31, 2012
Bell FX Currency Outlook:
The AUD has recovered from an overnight low of USD 1.0527, to currently be holding steady around USD 1.0600, despite risk aversion trading seen overnight as concerns over the European debt crisis surface once again.
Christine Gaylican
Jan 31, 2012
Stocks pared losses in afternoon trading Monday but remained in the red as investors focused on the standoff between Greece and its private creditors, as well as a surge in Portugal's borrowing costs.
Christine Gaylican
Jan 31, 2012
he Australian sharemarket was unable to stage a late comeback this afternoon, with the All Ordinaries index (XAO) ending the session 0.3 pct or 14.1 pts lower to 4334.4. Almost all regions of the market ended in the red with the exception of consumer discretionary companies and the utilities.
Vittorio Hernandez
Jan 30, 2012
