News archive from 7 May 2013

Mixed overseas markets, modest local gains expected

Mixed overseas markets, modest local gains expected

Stocks in the United States have touched another all-time high, lifted by last week's strong unemployment figures.Financial stocks were the best performers, and market heavyweight Apple also rallied. The Dow Jones Industrial Average closed flat, down...

ABC News, 09:03 in Business
 

Dollar firms

THE dollar on Monday strengthened against the euro and other major currencies, boosted by fresh comments from Europe's top central banker and last week's strong US jobs report. At 2100 GMT, the euro bought $1.3074, down from $1.3116 late on Friday....

 

Aust bonds little changed ahead of RBA

AUSTRALIAN bond futures prices are little changed ahead of the Reserve Bank of Australia's (RBA) monthly interest rate decision. Westpac senior market strategist Damien McColough said traders were waiting to see whether the central bank cut the cash...

 

IMF notes Greece 'progress' on path to growth

"Progress on fiscal adjustment has been exceptional by any international comparison," the IMF said in a regular report capping the visit of an audit team as part of the country's bailout programme. "Greece has also made a significant...

 

New York state to sue Bank of America, Wells Fargo over mortgages

New York Attorney General Eric Schneiderman said the two banks had "repeatedly" flouted the terms of the $US25 billion ($24.4 billion) March 2012 settlement that makes it easier for homeowners to seek loan modifications. Under the terms of...

 

Key EU budget talks deliver compromise offer

European Commission president Jose Manuel Barroso, European Parliament chief Martin Schultz and Irish premier Enda Kenny, whose country currently holds the rotating EU presidency, struck a deal to break a deadlock over the next budget as a summit of...

 

IMF notes Greece 'progress' on path to growth

"Progress on fiscal adjustment has been exceptional by any international comparison," the IMF said in a regular report capping the visit of an audit team as part of the country's bailout programme. "Greece has also made a significant...

 
Car parts maker shifting work to Thailand

Car parts maker shifting work to Thailand

SMR Automotive has confirmed up to 90 jobs will go from its Lonsdale plant in southern Adelaide, as some production is moved to Thailand.The car components manufacturer says it will reduce the number of contractors, offer voluntary redundancies and...

ABC News, 09:16 in Business
 

New York state to sue Bank of America, Wells Fargo over mortgages

New York Attorney General Eric Schneiderman said the two banks had "repeatedly" flouted the terms of the $US25 billion ($24.4 billion) March 2012 settlement that makes it easier for homeowners to seek loan modifications. Under the terms of...

 

Key EU budget talks deliver compromise offer

European Commission president Jose Manuel Barroso, European Parliament chief Martin Schultz and Irish premier Enda Kenny, whose country currently holds the rotating EU presidency, struck a deal to break a deadlock over the next budget as a summit of...

 

IMF notes Greece 'progress' on path to growth

"Progress on fiscal adjustment has been exceptional by any international comparison," the IMF said in a regular report capping the visit of an audit team as part of the country's bailout programme. "Greece has also made a significant...

 

New York state to sue Bank of America, Wells Fargo over mortgages

New York Attorney General Eric Schneiderman said the two banks had "repeatedly" flouted the terms of the $US25 billion ($24.4 billion) March 2012 settlement that makes it easier for homeowners to seek loan modifications. Under the terms of...

 

Key EU budget talks deliver compromise offer

European Commission president Jose Manuel Barroso, European Parliament chief Martin Schultz and Irish premier Enda Kenny, whose country currently holds the rotating EU presidency, struck a deal to break a deadlock over the next budget as a summit of...

 
Dollar slides on Soros speculation, ahead of Reserve meeting

Dollar slides on Soros speculation, ahead of Reserve meeting

A senior currency strategist says a half-cent dip in the Australian dollar since yesterday afternoon is unlikely to have much to do with rumours that billionaire investor George Soros is shorting the currency.The Australian dollar fell from around...

ABC News, 09:40 in Business
 
Coal mine plans spark fears for bird research

Coal mine plans spark fears for bird research

A central Queensland conservation group says an environmental impact statement for a proposed coal mine in the Galilee Basin does not address concerns about the effects on the Bimblebox Nature Reserve.Queensland's coordinator-general will assess the...

ABC News, 09:40 in Business
 
Australia news at twitter


News Widget for Webmasters



«
»
Mo Tu We Th Fr Sa Su
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31