Currencies

Dollar dips as data shows China services slowdown

Glenda Kwek The Australian dollar has slipped slightly after a gauge of China’s services activity followed the manufacturing sector in reflecting a slowdown in Chinese growth.

Manufacturing

PMI reveals 'worrying' slide for manufacturing sector

Glenda Kwek The manufacturing sector has contracted for the second straight month.

Economy

Capital city house prices grow by 10 per cent in 2013

Glenda Kwek Home prices in major cities post their highest growth in four years, with more to come in 2014.

Capital city house prices grew by 10% in 2013 - their highest jump in four years

Glenda Kwek Capital city home prices have posted their highest growth in four years, rising by almost 10 per cent last year as record low interest rates increased buyers' appetites for residential property.

Property

Australian capital city house prices rise 10% in 2013

Glenda Kwek Capital city house prices rose by almost 10 per cent last year, the highest yearly growth in four years.

Economy

Manufacturing declines in December

Glenda Kwek The manufacturing sector has contracted for the second straight month

Retailers are expected to receive a $15 billion post-Christmas windfall in consumer spending

Glenda Kwek Retailers are set to get their share of festive cheer this holiday season, with after-Christmas sales expected to surge past $15 billion.

Economy

Retailers are expected to receive a $15 billion post-Christmas windfall in consumer spending

Glenda Kwek Retailers set to get their share of festive cheer this holiday season, with after-Christmas sales expected to surge past $15 billion.

Currency

Most importers and exporters prefer dollar value of $US90¢

Glenda Kwek Most importers and exporters say their ideal level for the dollar is between US90¢ and US100¢.

Most importers and exporters prefer dollar value of $US90¢-$1

Glenda Kwek Most importers and exporters say their ideal level for the dollar is between US90¢ and US100¢, a private survey has found, as the local currency remained weak before a start to US Federal...

Resources

Miners batten down as cyclone Christine approaches Pilbara and Kimberley

Glenda Kwek Mining companies have evacuated their staff and suspended operations as Port Hedland braces for the arrival of a severe tropical cyclone in northern Western Australia tonight.

Construction

Leighton buys out Indian partner in $112m deal

Glenda Kwek Leighton Holdings has bought out its partner in an Indian construction venture for $111.8 million.

Mining

Miner dies at Fortescue’s Christmas Creek Mine in WA

Glenda Kwek A young contractor has died after an accident at a Fortescue Metals mine in Western Australia overnight.

Currencies

Aussie dollar dislodged in a year for the bears

Glenda Kwek It was a year in which the bears came to the currency party and never left.

Economy

Federal Reserve's stimulus program pledge sparks sharemarket rally

Glenda Kwek The local sharemarket has joined a pre-Christmas global rally, as investors welcomed the US Federal Reserve's pledge to keep interest rates at low levels as it wound back its historic stimulus...

Currencies

Dollar weakens as Fed tapering and China weigh

Glenda Kwek The Australian dollar traded violently and briefly fell to its lowest levels in more than three years as the US Federal Reserve started a wind-back of its unprecedented stimulus program, which has...

Economy

RBA's Glenn Stevens keeps his focus on a lower Australian dollar

Glenda Kwek The Reserve Bank is keeping the door open to further interest rate cuts, but believes the 'significant amount' of monetary policy easing over the past two years is already stimulating growth.

Currencies

Aussie dollar weaker as Fed taper vigil continues

Glenda Kwek The Australian dollar has remained weak ahead of a much-anticipated US Federal Reserve meeting.

RBA

Stop taking growth for granted, says RBA’s Glenn Stevens

Glenda Kwek Monetary policy alone will not drive long term growth, and Australians should not take continued economic expansion for granted, says RBA governor Glenn Stevens.