Financial Services

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

As the mining story slows down, other sectors need to pick up to support Australia’s growth.

The Australian dollar has fallen below the 92 US cent mark as a report showing weakness in Chinese manufacturing adds to worries about the US Federal Reserve scaling back economic stimulus measures

Worries over China's economic slowdown and the possible end to the US Federal Reserve's stimulus have sent global markets into a tailspin.

The Australian dollar dived to its lowest point in two-and-a-half years after being dealt a double blow by news out of the US and China.

Australian shares suffered their worst loss in a day since February amid jitters over a cutback in US stimulus measures and weaker than expected Chinese manufacturing data.

Australian shares have opened lower after the US Federal Reserve indicated it could wind back of its massive stimulus program for the world's largest economy before too long.

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.