Australia shares fall on economy worry; miners drag
(Updates with opening levels)
MELBOURNE, Nov 20 (Reuters) - Australian shares opened 1.2
percent weaker on Friday after Wall Street was rattled by
concerns the U.S. economic recovery was losing...
Reuters Finance News, Australia -
Friday November 20, 2009, 10:28 am
Australia outperforming the world: Swan
The latest OECD Economic Outlook provides further evidence that Australia is outperforming the rest of the advanced world, Treasurer Wayne Swan says.In its latest report released on Thursday, the...
AAP -
Friday November 20, 2009, 6:26 am
Unemployment forecast to peak at 6.3pc
A new overview of the global economy predicts Australia's unemployment rate will peak at 6.3 per cent.
That is below the Federal Treasury's forecast of 6.75 per cent.
The Organisation for...
ABC Business News -
Friday November 20, 2009, 12:49 am
Worst yet to come for Queensland builders
The Australian economy may be improving, but experts say the worst is yet to come for Queensland developers who have been particularly hard hit by the financial crisis.
Former Queensland Premier...
ABC Business News -
Wednesday November 18, 2009, 11:00 am
Rate Rises Will Happen, Month By Month, If Necessary
Australia faces regular speculation about interest rate rises from the Reserve Bank and the banks because the economy is expected to continue growing strongly into 2010. The minutes for the...
Australasian Investment Review -
Wednesday November 18, 2009, 12:35 am
Good News: Japan Still Growing
More good news for Australia, our second biggest export market, Japan, has had its second consecutive quarter of economic growth. Figures released yesterday in Tokyo show the pace of...
Australasian Investment Review -
Tuesday November 17, 2009, 8:09 am
OneSteel Has No Earnings Guidance For 2010
Our second biggest steel group, OneSteel Ltd, is expecting reasonably strong levels of activity in key sectors of the economy from next year, as a result of government stimulus measures. But before...
Australasian Investment Review -
Tuesday November 17, 2009, 8:06 am
Europe Out Of The Red
Europe staggered out of recession in the September quarter, but left the UK and Spain as the only major economies in the zone still in the red. Figures out Friday night showed that the...
Australasian Investment Review -
Monday November 16, 2009, 8:33 am
DIARY: Watch GM, US Retail Sales
A relatively quiet week for major events, but one which will be of interest is the update from American carmaker General Motors which will report third-quarter results this week. The...
Australasian Investment Review -
Monday November 16, 2009, 8:31 am
Job Losses Closer To Peaking
The Reserve Bank got its timing right for its switch on monetary policy, starting with the October rate rise, backed up by November's Melbourne Cup day increase. The October labour force...
Australasian Investment Review -
Friday November 13, 2009, 8:12 am
China's Copper Imports Fall, Prices To Follow?
Copper prices remain stuck in a narrow range between $US2.90 and $US3 a pound as analysts wonder if the rise in surplus metal stocks in Asia is signalling that China's restocking is...
Australasian Investment Review -
Friday November 13, 2009, 8:08 am
Westfield 'resilient through downturn'
Shopping centre owner Westfield Group has reported slower third quarter retail sales growth in Australia but says the local economy remains resilient and healthy.Trading conditions in the United...
AAP -
Thursday November 12, 2009, 7:39 pm
China's Recovery Getting Stronger
Good news for Australia, China's strong economic growth remains on track after more solid economic stats for October. House prices, industrial production and retail sales were all stronger...
Australasian Investment Review -
Thursday November 12, 2009, 8:45 am
Australian dollar hits 15-mth high vs U.S. dollar
LONDON, Nov 11 (Reuters) - The U.S. dollar hit a 15-month
low against the Australian dollar on Wednesday after some
traders took strong Chinese data as a sign the global economy is
improving,...
Reuters Finance News, Australia -
Wednesday November 11, 2009, 7:39 pm
China's demand for resources 'may drop'
China's demand for Australian resources could prove volatile if the Asian giant dips into suspected stockpiles when prices get too high, a visiting China expert says.Independent research firm...
AAP -
Wednesday November 11, 2009, 1:50 pm
