Stuart Ayres, Minister for Trade, Tourism and Major Events for New South Wales, Australia, hopes that the Boao Forum for Asia Conference can reposition Australia as a key player in the Asian market.» Read More
When a sell-off develops there is a surprising lack of support from investors in miner BHP Billiton.
The firestorm caused by Rio Tinto pulling out of its deal with Chinalco, resulting from the partnership with once bitter rival, BHP Billiton, has the makings of a soap drama. It's enthralling viewing, but many observers are missing the vital sub-plot which leads to the surprise ending.
Since three state owned Chinese companies said they would buy stakes in Australia’s storied mining industry totaling $22 billion — as much as China’s entire investment here in the last three years — some of this nation’s 21.3 million people have reacted with aggrieved nationalism.
There's money to be made in the pound sterling/US dollar cross says one analyst. Terrance Lee, assistant manager at PhillipCapital, calls this the 'monster pair'.
Asian stocks edged up Monday, holding near a six-month peak struck last week and withstanding an early bout of profit-taking as investors eyed a slew of corporate earnings reports around the world this week.
Can’t stomach the violent swings in the equity markets? One analyst recommends switching out to currencies, especially the Australian dollar. There's money to be made there.
Asian markets were mixed Friday and the yen slipped, after upbeat results from JPMorgan and Google kept a revival of risk taking alive, with shares outside Japan on track for a sixth week of gains.
Asian stocks pulled back from a six-month high Thursday, while the safe-haven yen gained after China posted its slowest ever quarterly growth in a signal of the frailty of the global economy.
While the technology sector struggled in global markets Thursday, experts tell CNBC there is big value there.
Global stocks declined Wednesday as grim data from China and the U.S. fueled concerns over the recovery of the global economy. Experts tell CNBC that although the economic slowdown is ongoing, the current rally still has some life in it.
Asian markets pulled back from six-month highs Wednesday but held up after the drop on Wall Street, with hopes for more Chinese stimulus spending helping offset reports of weak first-quarter growth.
The Singaporean dollar gained against its American counterpart Tuesday after the country's central bank announced it was effectively devaluing its currency after posting its worst quarterly economic contraction ever. Experts tell CNBC the gain is unlikely to last.
Asian markets bounced back and forth in a narrow trading band Monday. Trading was quiet after most major overseas centers were closed on Friday due to the long Easter weekend.
Asian markets were mixed Tuesday after Goldman Sachs' stronger-than-expected profit signaled the worst could be behind for U.S. banks, emboldening investors to chase after riskier assets.
Tokyo stocks closed at a three-month high while Seoul shares rose to their highest in six months Friday. Trading was limited around the region with the Australian, Hong Kong and Singapore markets closed for the Good Friday holiday.
Asian stocks pushed back towards a six-month high Thursday as technology shares resumed their rally, while Japan's surprisingly big stimulus spending and signs of stabilizing economic activity drove up government bond yields.
Asian stocks slid for a second day Wednesday while the U.S. dollar climbed, with investors fleeing to the sidelines to await companies' business outlooks as what is expected to be a grim results season begins.
Asian stocks teetered Tuesday, snuffing a five-day rally as uncertainty about U.S. banks pushed dealers to take profits on recent gains, while investors' reduced willingness to take risks lifted the U.S. dollar and yen.