News archive from 30 May 2013

Shares fall on stimulus, economic jitters

Shares fall on stimulus, economic jitters

In a case of déjà-vu on global markets overnight, traders dropped stocks on renewed concerns that the US Federal Reserve will soon start to scale back its stimulus program.Injections of cash and rate cuts by central banks such as the Fed have spurred...

ABC News, 09:00 in Business
 

EU shifts from austerity to growth

After three years of deep spending cuts, the European Union has confirmed a shift in policy, telling countries they must focus on structural economic reforms to boost growth, while not abandoning budget discipline. In a long-flagged move reflecting...

TheAge, 09:29 in Business
 
OECD warns about Australia's post-boom outlook

OECD warns about Australia's post-boom outlook

The future growth of Australia's economy has been questioned in a surprisingly frank update from the OECD.The Organisation for Economic Cooperation and Development says the weakening of the resources boom will only be partly offset by a the...

ABC News, 09:34 in Business
 

EU shifts from austerity to growth

After three years of deep spending cuts, the European Union has confirmed a shift in policy, telling countries they must focus on structural economic reforms to boost growth, while not abandoning budget discipline. In a long-flagged move reflecting...

 

EU shifts from austerity to growth

After three years of deep spending cuts, the European Union has confirmed a shift in policy, telling countries they must focus on structural economic reforms to boost growth, while not abandoning budget discipline. In a long-flagged move reflecting...

 
One cut too many for Mrs Watanabe

One cut too many for Mrs Watanabe

Reserve Bank governor Glenn Stevens has gone an interest-rate cut too far for Mrs Watanabe, as Japan's households look closer to home for returns. Aussie uridashi bond sales slumped 71 per cent to $1.8 billion this year, even as $9.4 billion in such...

 

One cut too many for Mrs Watanabe

Japanese investors are shunning Australian assets for local ones. Photo: Reuters Reserve Bank governor Glenn Stevens has gone an interest-rate cut too far for Mrs Watanabe, as Japan's households look closer to home for returns. Aussie uridashi bond...

TheAge, 09:52 in Business
 

Markets Live: Stocks set for weak start

9:52am: A bit more on bonds, Reserve Bank of Australia Governor Glenn Stevens has gone an interest-rate cut too far for Mrs Watanabe, as Japan's households look closer to home for returns. Aussie uridashi bond sales slumped 71 per cent to $1.8 billion...

 
Ergon has no plans for more solar farms in western Qld

Ergon has no plans for more solar farms in western Qld

Ergon Energy says its pilot solar farm at Windorah, in western Queensland, has worked effectively, despite some teething problems. The pilot farm south-west of Longreach opened in 2009 and was Ergon's first use of technology to integrate solar power...

ABC News, 09:54 in Business
 

Markets Live: Stocks set for weak start

9:51am: We should also say, we'll have full coverage of the capex data from 11.30am - the news, the analysts' responses, and commentary on what it all means. Upvotes:0 Downvotes:0 Copy Link 9:46am: The main game in economics news today is the release...

TheAge, 09:55 in Business
 

Markets Live: Stocks set for weak start

9:52am: A bit more on bonds, Reserve Bank of Australia Governor Glenn Stevens has gone an interest-rate cut too far for Mrs Watanabe, as Japan's households look closer to home for returns. Aussie uridashi bond sales slumped 71 per cent to $1.8 billion...

 

One cut too many for Mrs Watanabe

Japanese investors are shunning Australian assets for local ones. Photo: Reuters Reserve Bank governor Glenn Stevens has gone an interest-rate cut too far for Mrs Watanabe, as Japan's households look closer to home for returns. Aussie uridashi bond...

 
Traditional canoes to begin four year journey

Traditional canoes to begin four year journey

Final preparations are under way in Hawaii for a worldwide canoe voyage that's expected to take up to four years.The Mālama Honua worldwide voyage will travel more than 45,000 nautical miles, visiting at least 26 countries and stopping at more than 60...

ABC News, 10:03 in Business
 
Markets Live: ASX slumps early

Markets Live: ASX slumps early

10:17am: NAB isn't the only to have taken a slap at the open. The ASX lost nearly 1 per cent in opening trade. The All Ords has lost 39.4 points, or 0.8, to 4919.8 while the benchmark S&P/ASX 200 is down -42.0, -0.8 per cent, to 4932.7. Upvotes:0...

 

One cut too many for Mrs Watanabe

Aussie uridashi bond sales slumped 71 per cent to $1.8 billion this year, even as $9.4 billion in such debt matures in 2013, data compiled by Bloomberg show. The currency accounted for 10 per cent of bonds offered to Japanese individuals this year,...

 
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