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Rio Tinto and BHP Billiton will report lower coal and iron ore production figures for the March quarter from the previous quarter after flooding and cyclones in Australia disrupted operations, with coal mines still underperforming.
Asian stocks saw some heavy selling on Thursday, following signs of an economic soft-patch in the United States. But fund managers and traders remained divided over whether it was time to switch away from stocks and pile into safer, fixed-income securities.
Hong Kongers are Asia Pacific’s most hardworking people, with 77 percent glued to work outside of office hours, compared with a regional average of 66 percent, according to recruitment firm Robert Half.
Australia's economic growth may have slowed in the January to March quarter compared to last year, but one investment advisor is betting the mining boom in the country will continue, and that in turn will benefit one largely neglected property market.
Australia’s leisure industry is being buffeted from two sides because of a strong currency, as domestic travelers head abroad for cheaper holidays, and international travelers find Australia more expensive to visit.
Until recently, currency traders looking for safer investments rushed to short the Australian dollar against the greenback, however the decoupling of the U.S. dollar from the “risk on-risk off” investment environment is forcing them to look elsewhere.
The global uranium industry, crippled by the March 11 earthquake and Tsunami in Japan, is now beginning to come out of the shock. Investors, who were earlier sitting on the sidelines, have re-entered the market to look for bargains.
The Macquarie Group was the high flyer of the Australian Stock Exchange before the financial crisis hit in 2008. As its share price marched higher many analysts forecast it would be the first Australian company to smash the A$100 barrier, but the global meltdown put an end to that.
The rejection of the Australian Government to the takeover of the Australian Stock Exchange from an Asian stock exchange was clear for many months on the chart of the ASX. The ASX chart in November 2010 showed this deal would fail.
The mining industry has been caught by natural disasters in the Pacific region, an intense mergers and acquisitions environment and emerging countries eyeing to get a hold on commodities resources, Evy Hambro, MD and CIO of the natural resources team at BlackRock told CNBC.
The next upside target for the Australian dollar is near $1.10. At this level the AUD starts to cause some very severe pain to Australia's export industries.
The Aussie dollar has gained almost 13% on the Greenback in the last year. Wayne Swan, Australian treasurer, offers insight.
Australian Stock Exchange's (ASX) rebuff of a $7.8 takeover offer from the Singapore Exchange (SGX) was the wrong decision, said Kerry Series, Founder and Chief Investment Officer of Asia-focused fund management firm Eight Investment Partners.
Australia’s goal of having the world’s toughest tobacco promotion laws in place by 2012 moved closer on Thursday when it released the plain packing design that all cigarette manufacturers will be forced to adopt as part of new legislation. The FT reports.
The Australian dollar has been on a tear, and many investors and strategist are still bullish - but a few experts are sounding cautionary notes.
It's looking like an especially dynamic year for the currency market, so you might want to check out a new generation of low-cost, online foreign exchange trading platforms.
In the wake of Japan’s cascading disasters, signs of economic loss can be found in many corners of the globe, from Sendai, on the battered Japanese coast, to Paris to Marion, Ark., reports the New York Times.
The March 2011 earthquake off the coast of Japan has rocked international markets as the world tries to gauge the reality of the human and economic devastation in the country.
Japanese shares plunged on Tuesday as fresh explosions rocked a damaged nuclear plant and triggered a rise in radiation levels, sending investors fleeing from riskier assets such as equities and commodities across Asia.
Asian stocks outside Japan edged up on Monday, with demand for commodity-related shares offsetting the steep drop in Japanese markets following a massive earthquake and tsunami.