The Reserve Bank of Australia has kept official interest rates on hold after its April board meeting but left the door open for a cut as early as next month.
US stocks have started the second quarter on a high note after US manufacturing data picked up more than expected, a sign of stronger growth in the feeble recovery.
The Australian dollar was slightly higher after markets digested better than expected Chinese manufacturing data and weak domestic building approval figures.
The Australian share market could not hold onto early gains as disappointing local economic data overshadowed better-than-expected manufacturing figures from China.
There is strong support for the federal government's plan to increase the compulsory superannuation guarantee, even among coalition voters, a new survey shows.
Teachers Credit Union, which today relaunched itself as Teachers Mutual Bank, has reported a large shift of Western Australian banking customers towards the mutual sector.
A new business survey points to the need for an immediate interest rate cut when the Reserve Bank of Australia (RBA) holds its monthly board meeting tomorrow, the Australian Chamber of Commerce and
Australian stocks have opened almost one per cent higher, driven by major resources stocks after the release of encouraging manufacturing data from China.
The Reserve Bank of Australia will refrain from cutting interest rates at its April board meeting next week but after that could return to an easing position, economists say.
The Australian share market finished the first quarter of 2012 around seven per cent higher, with the broad All Ordinaries index closing a few points off its eight-month high.
The Reserve Bank of Australia will refrain from cutting interest rates at its April board meeting next week but after that could return to an easing position, economists say.
Mineral Resources' director Chris Ellison has continued to reap extraordinary rewards from his stake in the highly profitable contractor, this week raising a further $41 million from share sales.
The Australian dollar has drifted lower, as the market awaits more data to drive it.At 1700 AEDT, the local currency was trading at 104.35 US cents, down from 105.30 cents yesterday.
Banks are desperate to keep lending despite a record number of Australians being "under water" on their mortgages and the Reserve Bank of Australia's warning against chasing unrealistic profits.
The global financial market environment is on a more stable footing and Australian banks are in a good position to address any future turmoil, the Reserve Bank of Australia says.
The Australian share market has followed offshore markets higher in opening trade, with investors encouraged by signs from US Federal Reserve chairman Ben Bernanke that the US would keep interest r
The Australian dollar has risen almost one cent and pushed past 105 US cents for the first time in six days following indications from Federal Reserve Chairman Ben Bernanke that the US would keep i
