Stevens’ wake-up call for a nationReserve Bank of Australia governor Glenn Stevens has delivered a rebuke to the nation and its leaders, warning that 25 years of economic
The Australian dollar is steady against the US dollar as investors await more local and international data, plus comments from the Reserve Bank of Australia Governor designate Philip Lowe.
US crude prices have soared nearly three per cent in post settlement trading after US inventory data showed what might be the largest weekly stock draw in more than three decades.
Gold has dipped, losing momentum due to profit-taking after it soared by the most in over two months in the previous session on economic data that weakened the case for an imminent US rate hike.
Budget to benefit from income riseA five-year slide in the terms of trade and national income, which has dragged down economic growth and hit budget revenues, has come to
The Western Force have appointed former assistant David Wessels as senior coach for the next two Super Rugby seasons, while skipper Matt Hodgson is on the verge of re-signing.
Gold prices have risen nearly two per cent, the biggest percentage gain since June, as disappointing US economic data reinforced speculation the Federal Reserve will not raise interest rates at its September policy meeting.
Global benchmark Brent crude has fallen more than half a per cent as hopes wane for an agreement between two of the biggest oil producers to freeze output to tackle a global supply glut.
Row escalates over China claimsMalcolm Turnbull says Australia’s prosperity and stability are at stake if rising tensions in the region caused by China’s territorial claim
The Australian share market lost further ground in afternoon trading, hurt by falls across financial, telecom and resource companies as the Reserve Bank of Australia left interest rates unchanged.
Crude oil futures has touched a one-week high before paring gains after top producers Russia and Saudi Arabia confirmed they had agreed to co-operate on stabilising the oil market, and raised hopes of limiting output in the future.
Gold has held steady, close to a one-week high touched in the previous session, as the US dollar dipped on receding expectations of an imminent interest rate rise but the yellow metal's gains were capped by stronger global stocks.
Beijing on notice over steel glutChina has been put on notice over its creation of a worldwide steel glut, with the Group of 20 leaders agreeing to establish a global foru
The Australian share market has made some solid gains as the prospect of an interest rate hike in the US in September was pared back following some weaker-than-expected US jobs figures on Friday night.
The Reserve Bank is likely to hold its benchmark interest rate steady at its meeting tomorrow, with the main focus set to be on potential signals of future moves.
Gold has risen more than one per cent after US jobs growth came in below expectations, dampening the likelihood of an interest rate hike from the Federal Reserve this month, but bullion pared gains after the US dollar turned positive.
PM firm in China stand-offMalcolm Turnbull has reemphasised Australia’s view that there can be no regional prosperity without peace as the stand-off between China and the
Gold has turned higher after tapping the lowest level in more than two months, as the US dollar fell on unexpectedly weak US manufacturing data that raised doubts about the economy's strength.
