Economic News

Commodities Sold on Greece Woes, May Extend Losses on Fed Minutes

The Federal Reserve sees a quick, sharp tightening of US spending as a "sizable risk" to the economy, minutes from a recent top-level policy meeting revealed Wednesday."Several" members ...

Pound Eyes BOE Minutes, Dollar Looks to Fed Minutes to Drive Rally

Imagine for a moment you live in Greece.You wake up one morning to the news your country is no longer part of the eurozone.You were meant to buy groceries and pay bills today, but what happens to your ...

Debt-laden Greece is headed for new elections next month following an indecisive vote and on Wednesday named a judge as caretaker premier amid growing fears over the country's eurozone future.Panagiotis ...

Union leaders are describing the rise of insecure jobs as the new frontier in the battle for workers' rights and are promising to fight back.Over the past few decades there has been a significant shift ...

Greece will go to the polls for the second time in just six weeks on June 17, the Athens News Agency said Wednesday, as fears grew of more instability over the troubled country's future in the eurozone.State-controlled ...

Greece will go to the polls for the second time in less than two months on June 17, the Athens News Agency said Wednesday, as fears grew of more instability over the country's eurozone future.State-controlled ...

The head of the European Commission said Wednesday there was "no way" of changing the terms of a 130-billion-euro bailout agreed with Greece, as Athens prepares to return to the polls."There ...

Transport and logistics group Toll Holdings has warned of lower earnings in 2012, sending its shares plummeting.Toll on Wednesday announced writedowns on its freight operations in Japan and some of its ...

Dollar Wins its Highest Close Since January 2011, Buckle Up

Imagine for a moment you live in Greece.You wake up one morning to the news your country is no longer part of the eurozone.You were meant to buy groceries and pay bills today, but what happens to your ...

Australian stocks have opened more than one per cent lower amid broad based declines as local market players took their cues from a poor night on Wall Street and ongoing troubles in Europe.At 1028 AEST ...

The prospect of a second Greek election in less than two months stoked the eurozone crisis Wednesday even as France and Germany pledged support and help for growth.News that about 700 million euros ($894 ...

Treasury Secretary Martin Parkinson has mounted a spirited defence of the federal budget, denying accusations that the return to surplus is just smoke and mirrors.About $7 billion worth of spending moved ...

The head of France's Total says the energy giant wants to expand in Australia's booming resources sector, but warns that a lack of manpower and lively competition could contain its ambitions.On his first ...

USD Rally To Accelerate On Less Dovish Fed, GBP To Reverse Course

US Dollar Takes Back Overnight Losses as Greece Heads to New Elections

Rising Net Purchase of U.S. Assets in March Reflects Risk Aversion

Former Treasury boss Ken Henry has defended key advice he provided to the former Rudd government, including sweeping cash stimulus payments to households as the global financial crisis brewed.In a wide-ranging ...

Treasury boss Martin Parkinson has argued the case for bringing the federal budget back to surplus.He says the return is happening in Australia in a much healthier economic environment than in many other ...

Euro Unmoved by Mixed German ZEW Survey, Weak EZ GDP Data

Australian dollar rose back above parity with the US dollar after it got a boost in late afternoon trade on official data showing Germany avoided a recession.At 1700 AEST on Tuesday, the Australian dollar ...

Australian bond future prices closed stronger, continuing their upwards momentum from the beginning of the week as investors sought safe-haven assets amid renewed worries about the euro zone.At 1630 AEST ...

The central bank has given no hints as to whether it will cut interest rates again after this month's easing that was prompted by slower growth, a weaker housing market and falling inflation.The Reserve ...

Euro Finds Bids on Strong German Q1 GDP Report

The independent MP whose electorate includes Port Pirie, Geoff Brock, wants the South Australian Government to help fund a proposed redevelopment of the city's smelter.It employs about 700 people and any ...

Dollar Closes at a Two Month High, Critical Bull Trend Within Reach

Trading ’The Aussie’ - AUDUSD

The Federal Government and farmers have welcomed the Australian dollar's fall below parity with its US counterpart, but some say it is too soon to tell how the decline will affect other industries.The ...

Australian stocks were almost one per cent lower at noon, with the resources sector posting the largest losses, due to concerns about the future of the euro zone.At 1221 AEST on Tuesday, the benchmark ...

The Reserve Bank of Australia (RBA) has given no indication it is planning another interest rate cut next month, economists say.At its May 1 board meeting, the RBA cut the official interest rate by half ...

The Reserve Bank of Australia (RBA) has given no indication it is planning another interest rate cut next month, economists say.At its May 1 board meeting, the RBA cut the official interest rate by half ...