Financial Services

The outcome of the elections in Greece shows that Greeks are in favour of the deep economic and fiscal reforms required to pull the country out of crisis, German Finance Minister Wolfgang Schaeuble

The Australian dollar is one US cent higher as pro-bailout parties look set to win the Greek elections.

The Australian dollar has positioned itself above parity with its US counterpart, just over a week after it slumped to a 2012-low of 97 cents.

The Australian share market has closed slightly higher, but trading volumes were low as investors remained cautious ahead of the weekend elections in Greece.

Australian shares opened slightly higher following gains on Wall Street amid speculation of more stimulus from the US Federal Reserve.

The Australian dollar has moved above parity on speculation the US central bank could bring in quantitative easing to boost growth.

US stocks pushed higher Thursday amid speculation of more stimulus from the Federal Reserve after another batch of poor data releases.

The Australian dollar is virtually unchanged as cautious traders sit on the sidelines ahead of Sunday's Greek elections.

The Australian share market has closed lower as nervous investors look ahead to Sunday's Greek elections.

The Australian share market has opened marginally lower on a weak US lead, with local investors treading water until the outcome of Sunday's Greek elections.

Treasurer Wayne Swan believes the most likely scenario for the European Union is one of "rolling crises and volatility".

Data showing weak US consumer buying in May have taken a hit on US stocks, with consumer goods companies leading the fall of the markets.

The Australian dollar has moved to within half a US cent of parity with its US counterpart and could move higher in the coming days, even as markets remain nervous about upcoming Greek elections.

Volatility on European markets has created short-term opportunities for investors while the local sharemarket flounders around six month lows, analysts say.

Australian stocks closed lower with investors' caution about the weekend's Greek elections overriding positive offshore leads.

Australians shouldn't wish too quickly for a lower Australian dollar, the nation's top central banker says.

Australian stocks have opened slightly higher following gains on Wall Street and European markets.

US stocks have bounced back, reversing the previous day's losses while shrugging off the spectre of more turmoil in Europe.

The Australian dollar has slipped following Europe's decision to bailout Spain's banking system, but it is likely to fall during the week as markets brace for the fallout from Greek elections.

Businesses will be banned from charging customers excessive credit card fees under new regulations announced by the Reserve Bank of Australia.

The Australian share market finished slightly higher despite big falls on overseas markets as instability in Europe continues.

Six of the world's 30 most pricey cities for expatriate workers are in Australia, a survey has found, with Perth jumping 11 spots in the global ranking.

The Australian share market opened slightly higher despite weak offshore leads on the back of higher Spanish and Italian borrowing costs.

The Australian dollar has dropped more than one US cent, after a long weekend of trade in which it moved above parity briefly.

An early rally fuelled by Spain's banking bailout fizzled prompting US stocks to head into negative territory, as the reality of more imminent risks confronting the eurozone sank in.

The Australian dollar rallied to a four-week high against the US dollar, briefly hitting parity this morning, after Spain secured a bank rescue deal.

Europe's debt crisis and sluggish US economic growth drove share market volatility higher last week, but market players are calling for anxious equity investors to keep the faith.

After five weeks in a slump, US investors turned their backs on more worrisome news from Europe and poor US economic data to deliver the markets their best week so far this year.

The Australian share market has closed lower as investors fretted over comments made by the head of the US central bank over the risk that the troubled euro zone posed to the US economy.

Australia's top central banker says recent interest rate cuts are not designed to spare mortgage holders the pain of falling house prices.

The Australian share market has opened flat with strength in materials stocks offsetting weakness across the financials sector after a disappointing trading session on Wall Street.

The Australian dollar is trading back down from its previous highs, based on global banking activity.