US stocks rallied Tuesday after a British newspaper reported that France and Germany were ready to sharply boost the eurozone's rescue fund in a bid to address the public debt crisis.
Kerry Stokes probably doesn’t need an extra $500 million, but if anybody else wants to triple their money it might be time to join him on the share register of Iron Ore Holdings (IOH).
The central bank says it may be prepared to cut the cash rate if inflation looks as if it is under control, against a backdrop of deteriorating domestic and global economic conditions.
The Australian share market opened almost 1.5 per cent lower, reversing yesterday's gains, after German officials dampened optimism over the European bailout plan.
The Australian dollar has fallen more than one US cent as comments from Berlin dampen expectations an upcoming European Union (EU) summit will solve the eurozone's debt crisis.
US equity markets sank Monday after a three-week rally after a meeting of G20 finance chiefs failed to boost confidence that a solution to the eurozone debt crisis is near.
The Australian dollar has hit a one month high after finance ministers from the world's wealthiest nations vowed to stop the European debt crisis from spreading.
Stocks in Pan Asia Corporation shot up today after the mining and exploration firm revealed a 115 per cent increase in resource reserves at its flagship coal project in Indonesia.
Australia's corporate and securities watchdog has given the green light for Chi-X Australia to start operating the country's second securities exchange market on October 31.
A pick-up in borrowing by businesses is emerging as an argument against a cut in interest rates at the next monetary policy meeting of the Reserve Bank of Australia.
Rio Tinto will sell 13 of its aluminium units including refineries and smelters as the world's second biggest miner seeks to streamline its Alcan business.
The Australian dollar surged more than one US cent to a one-month high on optimism that world finance leaders were close to announcing a comprehensive plan to tackle Europe's sovereign debt crisis.
US stocks scored their third straight week of gains on Friday as anticipation of a fairly solid third-quarter earnings season trumped worries about Europe and weak economic growth.
The Australian dollar continued its climb above parity, after a tumultuous night offshore when ratings agency Standard and Poor's cut its credit rating for Spain.
Falling banking stocks dragged the US equity market down on Thursday amid worry about fallout from a Greek default, but Apple and Google helped the Nasdaq gain for a fourth straight day.
The Australian dollar rose to three-week highs overnight as approval of a European bailout fund looks more likely and after some negative comments about the US economy by its central bank.
