With several markets closed for the Lunar New Year and only a smattering of Asian data due, it may be a rare quiet week for investors.» Read More
Asian shares rose on Thursday as signs of recovery in China and the United States eased fears of deteriorating global growth, though generally weak corporate earnings continued to make investors wary.
Mike Smith, CEO at ANZ says that the bank is continuing to invest and is becoming more productive, while learning to do more with less cost in its core franchises.
Asian shares were unable to hold onto gains on Wednesday, as investors stayed risk averse due to weak corporate earnings results worldwide and enduring worries over economic slowdown.
Asian shares were lackluster on Tuesday with the corporate reporting season getting underway in the region, as investors stayed cautious after global shares faltered overnight on weak earning reports and outlook.
Laura Fitzsimmons, VP, Futures & Options, JPMorgan Investment Bank says that there is still offshore demand for AAA-rated Australian bonds.
Asian shares ended mixed on Monday as some regional indexes recovered from earlier losses whilst others were weighed down by dented risk sentiment from lackluster U.S. earnings and a bigger-than-expected fall in Japanese exports.
The Australian government on Monday lowered its expectations for a budget surplus as falling commodity prices coupled with slower growth begins to bite, giving rise to the question: should the country drop the idea of a surplus?
Penny Wong, Australia's Minister for Finance & Deregulation tells CNBC why the government has moved to maintain a budget surplus. She adds that the strategy will give room for the RBA to move on rates.
Martin Ferguson, Minister for Resources and Energy, Government of Australia says that Canberra is committed to negotiations with India regarding Uranium sales.
Wayne Swan, Deputy Prime Minister & Treasurer of Australia says that recent indicators reflect Australia's strong economic fundamentals.
Sanjay Reddy, Vice Chairman, GVK discusses the steps needed for its joint coal terminal with Hancock Coal. He identifies completing construction contracts & funding as primary goals.
Australian business conditions weakened in September as retailers and wholesalers suffered from slack demand, while inflationary pressures remained very subdued, adding to the case for further cuts in interest rates.
Brian Johnson, Australia Banking Analyst at CLSA discusses the impact of an RBA rate cut on Australia's economy. He expects lenders to pass on the rate cut to borrowers if the central bank does move.
Moorad Choudhry, Treasurer, Corporate Banking Division, RBS calls for global banks to get back to basics. He adds that Australian & Canadian banks avoided a crash because they maintained conservative principles.
Kevin Rudd, Former Prime Minister, Australia says that the way to resolve Japan and China's Senkaku/Diaoyu islands dispute is to "buy time". He further discusses the resilience of the Australian Labor Party while sharing about his life beyond being prime minister.
Zimbabwe's controversial indigenization policy, which requires foreign firms to transfer 51 percent of the assets they hold in Zimbabwe to local companies, should not be a concern for foreign investors because the government will be flexible in implementing the measure, the country's Minister of Economic Planning and Investment Promotion said on Wednesday.
The Obama administration plans to file a broad trade case at the World Trade Organization in Geneva on Monday accusing China of unfairly subsidizing its exports of autos and auto parts, a senior administration official said late Sunday, in a move with clear political implications for the presidential elections less than two months away.
As Apple prepares to unveil the latest iPhone this week, the company’s manufacturing partner in China, Foxconn Technology, is coming under renewed criticism over labor practices after reports that vocational students were being compelled to work at plants making iPhones and their components. The NYT reports.
Australia’s mining boom isn’t over like some market bears have suggested, but is instead moving into the next phase of the cycle, according to Martin Whetton, Interest Rate Strategist for Australia and New Zealand at Nomura.
Global iron ores prices, which are already near three-year lows, have more to fall, says independent economist Andy Xie. He forecasts prices to drop more than 40 percent to $50 per metric ton by mid-2013.