Financial Services

ANZ plans to sack about 600 Melbourne call centre staff and send their jobs overseas, the union says.

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The Australian dollar has plummeted to below 93 US cents after the US Federal Reserve announced its stimulus program could end in mid-2014.

US stocks have fallen sharply after Federal Reserve chairman Ben Bernanke said the Fed may begin to taper bond purchases later this year.

Australian shares have gained ground as investors took a cautiously optimistic stance ahead of a keenly awaited update on economic stimulus measures in the United States.

The Australian share market has opened nearly two-thirds of a per cent higher.

The Australian dollar is weaker as speculation of a scaling down in US stimulus measures boosts the greenback.

US stocks have risen decisively as investors bet the Federal Reserve will stay the course the next day on its economic stimulus policy.

The Australian dollar is over one US cent lower as it looks likely the central bank will cut the cash rate some time in the second half of the year.

Australian shares have fallen as investors nervously wait for an update on economic stimulus measures in the United States.

The Reserve Bank of Australia may not have cut the cash rate at its June meeting but has indicated it is prepared to cut further even though the Australian dollar is falling.

Australian shares are weaker as traders nervously await the Reserve Bank's June board meeting minutes, with the big banks and miners suffering losses.

The Australian dollar is weaker as traders buy the greenback on the small chance the US Federal Reserve will wind back its stimulus measures.

US stocks have surged a day before the Federal Reserve begins meeting to review monetary policy, with expectations mounting that it will make no sharp changes to its economic stimulus.

The Australian dollar is slightly higher as traders wait for an announcement on whether the US Federal Reserve will wind down its economic stimulus measures.

Renewed demand for banking stocks has driven the overall Australian share market higher.

The Australian share market has opened lower.

The Australian dollar is weaker following a fall on Wall Street after a flat reading on US industrial production for May and a decline in the University of Michigan consumer sentiment index.

US stocks ended last week in the red as market speculation boiled over the Federal Reserve's stimulus program ahead of the Fed monetary policy meeting next week.

ASX Ltd's $553 million capital raising has prompted speculation the stock market operator was clearing debt to free it up to take part in a big merger deal.

The Australian market had its best day in nearly 18 months as investors decided its month-long slide had gone far enough.

The Australian market has opened stronger, raising hopes of an end to the sharp slide in shares in recent weeks.

The Australian dollar has surged to its highest point in a week with it looking less likely the US Federal Reserve will wind back its economic stimulus program.

US stocks gained their footing after a rocky start on Thursday to put on strong gains in their first positive day this week, shrugging off the 6.4 per cent plunge in Japanese markets.

The Australian share market posted its 13th day of losses in 17th trading sessions amid worries about global economic growth and the winding back of stimulus packages.

The Australian market has continued its downhill run, opening more than half a per cent lower following falls on international bourses and worries about central banks' stimulus plans.

The Australian dollar is higher after hitting a one-week high following the release of strong local consumer sentiment figures.

US stocks have fallen sharply in highly volatile trade, with the Dow posting its first three-day losing streak this year amid worries about central banks' stimulus plans.

The Australian share market extended its losses on Wednesday as investors continued to move their money offshore amid concerns about a weak global economy

The Australian share market has opened more than half a per cent lower.

The Australian dollar is higher, after bouncing back a from heavy losses that saw it hit an almost three-year low overnight.

US stocks have ended the day solidly lower after the Bank of Japan's status-quo policy decision revived concerns about the winding down of central bank stimulus measures.