News archive from 19 September 2013

Markets Live: ASX to jump after shock Fed decision

8:52am: The news had an immediate impact on the Australian dollar, the currency jumping to a three-month high on the US Fed news. It rose to as high as 95.28 US cents about 6.30am from about 93.7 US cents about 4am - the time at which the Fed's FOMC...

 

Markets Live: ASX to jump after shock Fed decision

8:52am: The news had an immediate impact on the Australian dollar, the currency jumping to a three-month high on the US Fed news. It rose to as high as 95.28 US cents about 6.30am from about 93.7 US cents about 4am - the time at which the Fed's FOMC...

 

What led to the Fed backdown

10 year US government bond yields rose from 1.93 per cent before the May statement to a high of 3 per cent on September 5. Mortgage rates also jumped, and it was this increase in borrowing costs and the weight of it on a still-fragile recovery in the...

 

Gold leaps on surprise Fed news

Silver rallied around 7 per cent, its biggest one-day gain since November 2008. Citing strains in the economy from tight fiscal policy and higher mortgage rates, the Fed decided against the tapering of asset purchases that investors had all but priced...

 

What led to the Fed backdown

10 year US government bond yields rose from 1.93 per cent before the May statement to a high of 3 per cent on September 5. Mortgage rates also jumped, and it was this increase in borrowing costs and the weight of it on a still-fragile recovery in the...

 

Gold leaps on surprise Fed news

Silver rallied around 7 per cent, its biggest one-day gain since November 2008. Citing strains in the economy from tight fiscal policy and higher mortgage rates, the Fed decided against the tapering of asset purchases that investors had all but priced...

 
Some west Cape York land proposed for multi-billion-dollar bauxite project handed to traditional owners

Some west Cape York land proposed for multi-billion-dollar bauxite project handed to traditional owners

Traditional owners from five clans in far north Queensland have now taken control of a parcel of west Cape York land earmarked for a multi-billion-dollar bauxite project.The deeds to the land were handed over yesterday to the Ngan Aak-Kunch Aboriginal...

ABC News, 09:22 in Business
 

What led to the Fed backdown

10 year US government bond yields rose from 1.93 per cent before the May statement to a high of 3 per cent on September 5. Mortgage rates also jumped, and it was this increase in borrowing costs and the weight of it on a still-fragile recovery in the...

 

Gold leaps on surprise Fed news

Silver rallied around 7 per cent, its biggest one-day gain since November 2008. Citing strains in the economy from tight fiscal policy and higher mortgage rates, the Fed decided against the tapering of asset purchases that investors had all but priced...

 
Are sex shops ok in shopping centres?

Are sex shops ok in shopping centres?

Sexyland owner Angelo Abela is in discussions with major shopping centre owners to bring his range of adult products to a much broader, and more lucrative, market. “We would do it very tastefully and we would look very carefully at what we could put...

 
Are sex shops ok in shopping centres?

Are sex shops ok in shopping centres?

Sexyland owner Angelo Abela is in discussions with major shopping centre owners to bring his range of adult products to a much broader, and more lucrative, market. “We would do it very tastefully and we would look very carefully at what we could put...

 
Are sex shops ok in shopping centres?

Are sex shops ok in shopping centres?

Sexyland owner Angelo Abela is in discussions with major shopping centre owners to bring his range of adult products to a much broader, and more lucrative, market. “We would do it very tastefully and we would look very carefully at what we could put...

 
More questions over NuCoal's links to corruption

More questions over NuCoal's links to corruption

Documents relating to the creation of Hunter Valley mining company NuCoal have revealed links to the corrupt awarding of an exploration licence.It appears to strengthen the case for revoking NuCoal's exploration licence. In late 2009, Western...

ABC News, 10:11 in Business
 

Brickworks profits surge to $100m

The property division put in a stellar performance with its contribution more than doubling to $49 million from $16.4 million a year earlier. Earnings a share in the period rose to 57.6 cents from 29.4 cents. A steady final dividend of 27 cents a...

 

Slow lending a factor in Fed tapering decision

"Given what's happening to bank credit and given that the economy isn't booming, I would say it was very wise that the Fed did not choose to cut back on its asset purchases at this point," Kasriel said in an interview. In recent weeks,...

 
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