Financial Services

US stocks registered their biggest losses of the year on Tuesday amid worries about the looming Greek debt swap deal and slowing growth in the global economy.

The Australian dollar has dropped over three-quarters of a US cent after the Reserve Bank of Australia indicated that it is open to more interest rate cuts.

The Australian share market closed firmly in the red after weaker base metals prices and a downwards revision of China's economic growth target weighed on mining stocks.

The Reserve Bank of Australia has kept the cash rate at 4.25 per cent after its March board meeting, citing improved economic conditions.

Westpac Banking Corporation has confirmed plans to send 119 technology jobs overseas to cut costs.

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

The Australian dollar has fallen almost half of a US cent as global markets reacted to China's reduced growth target.

US stocks have fallen on worries about the slowing global economy after China lowered its growth estimate eclipsed positive numbers on the US services sector.

The Australian dollar rose 0.3 of a US cent in the absence of any major market-moving data, by contrast to what has otherwise been a volatile week.

The Australian stock market closed higher after a positive lead from Wall Street, shrugging off higher unemployment levels in Europe.

The Australian stock market opened higher this morning, led by the big miners after strong gains in the US overnight.

The Australian dollar has risen as demand grew around European bonds.

ta and a key ruling for the pending Greek debt write-off that had boosted the Dow back above the 13,000 line.

The Australian dollar lost ground as strong demand for the US dollar overshadowed domestic capital expenditure data.

The Australian share market closed lower as cautious investors searched for an elusive lead.

Australian stocks market opened nearly one per cent lower this morning following Wall Street's lead where US markets tumbled following the Federal Reserve chairman's address to Congress.

Economists expect the reserve bank will keep the cash rate steady at its next meeting, citing comments suggesting its benign view of domestic and global conditions.

The Australian dollar has fallen after rising to its highest levels in nearly three weeks.

The Nasdaq composite index briefly touched 3,000 on Wednesday for the first time since the collapse in dot-com stocks more than a decade ago.

The Australian share market closed higher, boosted by encouraging economic data from Japan and South Korea and slightly stronger retail sales data in Australia.

Shares in QBE Insurance Group have risen after the insurance giant raised $450 million from institutional investors and sought to raise another $150 million from retail investors.

The Australian dollar has risen above 108 US cents on strong domestic retail data.At 1200 AEDT, the Australian dollar was trading at 107.95 US cents, up from 107.83 cents yesterday.

Commonwealth Bank's ATM and EFTPOS services have been restored after crashing across the country.

Australian stocks opened firmer this morning after a solid overnight session on Wall Street.

The Dow Jones industrial average on Tuesday finally reclaimed the ground it held before the carnage of the Great Recession - bailouts bank failures layoffs by the million and a stock market panic t

The Australian dollar rose to its highest level in two weeks on improved optimism about the euro zone government debt crisis.

Retiring QBE Group boss Frank O'Halloran will return to the insurer as a board member next February, a year after posting a 45 per cent plunge in annual net profit.

The Australian share market closed flat after a directionless trading session in the absence of firm leads from offshore markets.

Australian stocks opened firmer this morning, led by strength in the telecoms and information sector.

The Australian dollar is higher on optimistic global sentiment, ahead of a European operation to boost liquidity.

The Dow Jones industrial average narrowly missed 13,000. Again.

Goldfields Credit Union has lodged a prospectus ahead of its long-awaited stockmarket float, revealing that it will spend $1.86 million to demutualise and raise $9 million in new capital.