The dollar rose for a second straight session Friday as investors cut exposure to risky assets and high-yield currencies ahead of a holiday-shortened week in the United States.
Australia's central bank on Tuesday raised interest rates for the second time in just over a month as evidence mounts the nation's economic recovery is building momentum.
The dollar and yen fell Monday in volatile trading as steady stocks and data showing further evidence of an economic recovery around the world dampened safe-haven demand for the U.S. and Japanese currencies.
The dollar and yen rallied Friday as a sharp selloff in the stock market and uncertainty about the economy boosted safe-haven demand for the U.S. and Japanese currencies.
The Australian economy expanded at a higher than expected rate in the three months ended June, helped by robust contributions from the household sector and business spending on machinery and equipment.
Australian mining company Oz Minerals said it has reached a US $1.2 billion deal with China-based Minmetals that could overcome the Australian government's rejection last week.
The Reserve Bank of Australia on Tuesday cut its cash rate, or overnight money market interest rate, by 1 percent to 3.25 percent in an effort to stimulate demand and cushion the nation's economy amid a global recession.
Japan's Nikkei dropped more than 5 percent, falling below the 10,000 mark in early trading Tuesday, as Asian and Pacific markets responded to Wall Street's drop below the same mark on Monday.
The dollar rose for a second straight session Friday as investors cut exposure to risky assets and high-yield currencies ahead of a holiday-shortened week in the United States.
Australia's central bank on Tuesday raised interest rates for the second time in just over a month as evidence mounts the nation's economic recovery is building momentum.
The dollar and yen fell Monday in volatile trading as steady stocks and data showing further evidence of an economic recovery around the world dampened safe-haven demand for the U.S. and Japanese currencies.
The dollar and yen rallied Friday as a sharp selloff in the stock market and uncertainty about the economy boosted safe-haven demand for the U.S. and Japanese currencies.
The Australian economy expanded at a higher than expected rate in the three months ended June, helped by robust contributions from the household sector and business spending on machinery and equipment.
Australian mining company Oz Minerals said it has reached a US $1.2 billion deal with China-based Minmetals that could overcome the Australian government's rejection last week.
The Reserve Bank of Australia on Tuesday cut its cash rate, or overnight money market interest rate, by 1 percent to 3.25 percent in an effort to stimulate demand and cushion the nation's economy amid a global recession.
Japan's Nikkei dropped more than 5 percent, falling below the 10,000 mark in early trading Tuesday, as Asian and Pacific markets responded to Wall Street's drop below the same mark on Monday.
Asian and European stock markets pushed lower Monday after having the weekend to digest Friday's passage of a $700 billion bank bailout plan in the United States.
Asian and Pacific stock markets were mostly lower Tuesday after the U.S. House of Representatives failed to adopt a Wall Street bailout measure, triggering the largest point drop for the Dow industrials in U.S. market history.
Asian and Pacific stock markets slipped lower Tuesday after the U.S. House of Representatives failed to adopt a Wall Street bailout measure, triggering the largest point drop in U.S. market history.
I'm wedged into a corner of the Wild West Saloon in Kalgoorlie, Australia, listening to a couple of investment bankers from Sydney discuss the tight market for Maseratis, when my new pal Ashok Parekh, the saloon's owner, interrupts.
Australia's central bank has left interest rates steady at 5.5 percent after last month's rise, in a climate of higher oil prices and slowing economic growth.
Global media group News Corporation will ask its shareholders to approve its move of domicile from Australia to the United States at a meeting in Adelaide on October 26.
The tremendous surge in stock markets around the world in 1986 brought with it a deluge of new closed-end mutual funds that invest exclusively in the shares of single countries. Unlike more familia...
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