Financial Services

The Australian dollar has returned above the 100 US dollar mark, but is trending downwards ahead of a crucial European summit.

US stocks tumbled Monday as Europe's leaders appeared still-divided on how they will address their crisis in the coming crunch summit for the eurozone.

The Australian dollar is lower and could fall below parity with its US counterpart when Spain formally requests a bailout package from the euro zone.

The Australian share market closed lower as investors expect a summit of European Union leaders this week to achieve little in solving the euro zone's ongoing problems.

Perpetual has flagged a massive profit slide and pay cuts for its board as it begins a major restructure that involves the loss of hundreds of jobs.

Australian stocks have opened lower, led by falls in the resources-related sectors as market players looked past a positive lead from offshore markets.

Governments, banks and households struggling with too much debt are dragging down the world's economy and more needs to be done to make the banking system safer, a global organisation of central ba

Any chance of US markets enjoying a rally last week were torpedoed by warnings about weaker US growth and a sweeping indictment of the world's largest banks.

The Australian dollar is more than one US cent lower on weak manufacturing figures from China, and continued economic uncertainty in the eurozone.

Australian shares finished almost one per cent lower due to widespread concerns about global growth.

Westpac Bank has made contingency plans in case wholesale funding markets dry up due to global jitters.

Australian stocks have opened weaker amid broad-based declines as local investors took their cues from a horrid night on offshore markets.

The Australian dollar has fallen to a one-week low after weak manufacturing data from the US and China sparked renewed concerns about global economic growth.

US stocks have slid sharply, with the Dow Jones Industrial Average sinking two per cent, as disappointing economic data from China and Europe followed the Federal Reserve's slashing its growth fore

The Australian dollar is a a third of a US cent lower after data showed China's manufacturing sector continued to contract.

The Australian share market closed sharply weaker on negative economic news.

ustralian households are paying banks an average of $470 a year in fees and charges.That might sound like a lot, but it is less than the year before.

Australian shares opened flat after the US Federal Reserve announced it would extend its bond-swapping program which led to falls on Wall Street.

US stocks have closed mostly lower after the Federal Reserve extended its bond-swapping program, known as Operation Twist, for six months to help boost the flagging economy.

The Australian dollar is higher as the market awaits whether the US central bank goes ahead with further stimulus measures for the American economy.

The Australian share market finished slightly higher as cautious investors await any action by the US central bank to stimulate the faltering American economy.

The Australian share market has opened more than three quarters of a per cent higher.

The Australian dollar has hit a six-week high as traders await the outcome of the two-day US Federal Reserve meeting.

Wall Street has ended the day solidly higher, following European bourses after a moderately successful Spanish bond auction and on speculation about more Federal Reserve stimulus.

The Australian dollar has risen slightly on commentary from the central bank that downplayed the likelihood of another rate cut in the coming months.

The Australian share market has closed lower as investors move their attention from Greece to Spain and upcoming meetings of the US central bank and leaders of the European Union.

Instability in the euro zone, and its impact on global markets and commodity prices, encouraged the central bank to cut the cash rate again, earlier in June.

 The Australian sharemarket has opened 0.75 per cent lower as nervous investors focus on global problems, despite a positive election result in Greece.

Wall Street stocks have ended mixed as traders rapidly digested the victory of pro-euro parties in Greece's election and focus on the next hurdle in Europe's marathon economic crisis.

The Australian sharemarket has gained almost two per cent as relieved investors bought mining stocks after the election result in Greece.

Finance minister Penny Wong says the outcome of a crucial election in Greece over the weekend will inspire stability in the eurozone.

Australian shares opened almost 1.5 per cent higher after Greece elected the pro-bailout New Democracy party to power.