The Australian dollar has rallied, with analysts tipping it to hit 77 US cents, as global risk appetite increases and after the greenback fell on weak US business productivity data.
Gold prices have edged higher as the US dollar slipped lower against a basket of currencies and concerns over the global economic outlook trumped some expectations that US Federal Reserve could raise interest rates this year.
Labor and banks head for collisionLabor leader Bill Shorten is using banks’ reporting of profits to step up his campaign for a royal commission, demanding that the ‘‘greed
The Australian share market has closed slightly higher, with the big banks holding up the bourse in light trading following a weak lead from US markets
Gold has steadied after falling to a one-week low as downward momentum from stronger-than-expected US jobs figures lost steam, with concerns over negative global economic sentiment lending support.
Oil prices are more than two per cent higher amid renewed speculation that OPEC will try to restrain output, easing oversupply worries that's pressured the market to three-month lows.
China ‘spies’ put power sale at riskChinese spies have been caught by the intelligence services conducting ‘‘brazen’’ espionage in Australia over the past year, hardening
Investor interest in energy and financial stocks drove the Australian sharemarket higher on Monday, ahead of a flurry of company results this week as earnings season gets under way in earnest.
Gold has fallen as much as 1.7 per cent, as the greenback rose after data showed that US employment increased more than expected in July, raising the probability of an interest rate hike from the Federal Reserve this year.
Crude oil prices have ended little changed as short-covering returned in late trading, after some weakness earlier in the session as the US dollar rose on robust US jobs data.
Virgin Australia has posted a full year net loss of $224.7 million, after taking charges related to fleet simplification and other efficiency activities.
Global stock markets have risen and sterling has dipped after the Bank of England cut interest rates and revived a bond-buying program to cushion the economic blow from Britain's June 23 vote to leave the European Union.
CEOs warn: bashing banks a growth riskThe nation’s banking system could become unstable and struggle to fund economic growth if the banks lost control of their power to se
Downer's full-year profit has dropped 14 per cent due to a slowdown in its main mining and construction divisions and write-offs related to an unsuccessful metro rail bid.
The Australian share market has opened strongly, with energy firms and global miners BHP Billiton and Rio Tinto leading the benchmark index back above the 5,500 mark.
Global equity prices have slipped for a third straight day due to growing nervousness about US central bank policy, even as Wall Street eked out a modest gain.
The price of gold has retreated from the three-week high set in the previous session, after a rise in the US dollar on the back of strong economic data.
The Australian dollar has held ground just above its Wednesday close but remains in a tight range against the greenback ahead of the release of local retail trade.
Oil prices have jumped more than three per cent, with US crude futures returning to above $US40 a barrel, after a larger-than-expected petrol draw offset a surprise build in crude stockpiles in the No 1 oil consumer.
