Japan's negative rate policy should have weakened the yen, but instead it's spurred a rally as appetite to use the currency to fund other bets wanes.» Read More
The Reserve Bank of Australia (RBA) is widely expected to lower interest rates by 25 basis points to 3.50 percent at its next meeting Tuesday, however, slowing housing and retail sectors could push the central bank into a more aggressive rate cutting cycle with the market expecting up to 165 basis points in cuts over the year.
According to Australia's BRW magazine, mining magnate Gina Rinehart’s net worth is now $28.5 billion. That tops WalMart heiress Christy Walton’s $26 billion pile.
Australia is headed for the “mother of all hard landings,” according to Société Générale strategist Albert Edwards, who says the country’s “credit bubble” could burst if China’s economy suffers a sharp slowdown.
Getting away from it all gets harder and harder, as cell phones and 4G devices keep us tapped into our lives. These 10 getaways take up that challenge, spiriting you away from worldly cares.
Not fit to run a major company. It is a damning judgment on Rupert Murdoch, a threat to his British assets — and a headache for Britain's government.
The Australian dollar carry trade, popular among investors to cash in on the interest rate differential between countries, is losing its appeal following the Reserve Bank of Australia’s (RBA) interest rate cut, say forex strategists, who expect further policy easing by the central bank this year.
Simon Burge, CIO, ATI Asset Management says certain sectors like home builders and retailers are expecting a 50 basis point rate cut from the RBA given the underlying weakness in the domestic consumer market.
The Aussie dollar surged on Thursday, rising one percent versus the U.S. dollar on strong jobs data, but one strategist is calling for a sharp correction - forecasting the currency will fall as low as 70 cents against the greenback over the longer-term.
With a bearish outlook on the Chinese economy, this analyst says his strategy is to stay short of the Aussie dollar.
Globally central banks are increasingly diversifying their foreign exchange reserves away from the U.S. dollar and the euro, according to latest data from the IMF’s Currency Composition of Foreign Exchange Reserves (COFER), and forex analysts tell CNBC the Australian dollar could be among the main beneficiaries.
The end of the world is getting to be quite popular. Where would you go to "bug out?" Check out some stylish and genteel ways to hide from to possible future widespread problems.
Diamonds are an attractive option for investors looking to diversify portfolios because they don't move in relation with other assets such as commodities and stocks, according to David Riedel, President of equity research firm Riedel Research Group.
The Australian stock market has been trapped in an investment-numbing sideways trend for the past six months. But chart pattern anaysis shows that a breakout for the S&P ASX 200 is imminent, with the next target at 4,700.
Investors have been spooked in recent weeks by a slowdown in growth in China and the impact that could have on Australia's resources sector. But according to one economist, Australia's commodities sector will continue to do well and could actually benefit from a pick-up in economic growth in Asia in the second half of 2012.
Rupert Murdoch’s embattled media empire found itself facing fresh controversy on Wednesday, after an Australian newspaper published an investigative report alleging that News Corp. had engaged a special unit in the mid-1990s to sabotage its competitors, leading the Australian government to call for a criminal investigation into the claims.
Qantas’ planned joint venture with China Eastern Airlines could run into regulatory headwinds in Hong Kong, according to an expert on aviation policy but the airline says it's confident of getting approval.
BHP Billiton, the world's largest miner said Tuesday that it sees iron ore demand from top consumer China flattening, but one expert forecasts iron ore prices to rise this year and recommends picking up BHP shares.
Australia's parliament passed laws for a new 30 percent tax on iron ore and coal mine profits on Tuesday, amid a swathe of opposition that claims the tax is unfair, will not deliver the profits the government is seeking and worst of all, deter investment in Australia's mining industry. However, one expert told CNBC these fears were overblown.
Colin Barnett, Premier of resource-rich Western Australia told CNBC on Friday that the federal government's mining tax is unfair and unconstitutional.
The Australian workplace is changing, as businesses employ more cost effective part-time workers, according to a new report by IBISWorld. The study shows over the past five years, flexible employment has risen 2.8 percent a year, much faster than full-time job growth of 1.5 percent.