Russia lifts rates as rouble, markets tumble
Russia's central bank has hiked its key lending rate to 7 per cent from 5.5 per cent, after local stocks plunged and the rouble dropped to a record low.
Stock Ticker
- AGK AGL ENERGY LIMITED -1.41%
- AIO ASCIANO LIMITED 1.48%
- AMC AMCOR LIMITED -0.69%
- AMP AMP LIMITED -2.28%
- ANZ ANZ BANKING GRP LTD -0.59%
- APA APA GROUP -1.50%
- ASX ASX LIMITED -2.90%
- AZJ AURIZON HOLDINGS LTD 0.79%
- BHP BHP BILLITON LIMITED -2.55%
- BXB BRAMBLES LIMITED 0.43%
- CBA COMMONWEALTH BANK. -0.24%
- CCL COCA-COLA AMATIL 0.00%
- CFX CFS RETAIL TRUST GRP 0.76%
- CPU COMPUTERSHARE LTD 0.34%
- CSL CSL LIMITED -0.72%
- CWN CROWN RESORTS LTD 0.12%
- DXS DEXUS PROPERTY GROUP 0.47%
- FMG FORTESCUE METALS GRP -1.65%
- FOX TWENTY-FIRST FOX INC 1.01%
- GMG GOODMAN GROUP 0.83%
- GPT GPT GROUP 0.81%
- IAG INSURANCE AUSTRALIA 0.37%
- ILU ILUKA RESOURCES 0.00%
- IPL INCITEC PIVOT -0.32%
- LLC LEND LEASE GROUP -1.77%
- MGR MIRVAC GROUP -1.98%
- MQG MACQUARIE GROUP LTD -1.64%
- NAB NATIONAL AUST. BANK -0.55%
- NCM NEWCREST MINING 5.73%
- ORG ORIGIN ENERGY 2.22%
- ORI ORICA LIMITED -0.62%
- OSH OIL SEARCH LTD 2.20%
- QAN QANTAS AIRWAYS -1.29%
- QBE QBE INSURANCE GROUP -0.94%
- RIO RIO TINTO LIMITED -1.57%
- SGP STOCKLAND 0.52%
- SHL SONIC HEALTHCARE -0.29%
- STO SANTOS LTD 1.69%
- SUN SUNCORP GROUP LTD 0.58%
- SYD SYD AIRPORT 0.49%
- TCL TRANSURBAN GROUP 1.13%
- TLS TELSTRA CORPORATION. 0.40%
- TOL TOLL HOLDINGS LTD 0.94%
- WBC WESTPAC BANKING CORP -0.48%
- WDC WESTFIELD GROUP 1.27%
- WES WESFARMERS LIMITED -0.47%
- WOR WORLEYPARSONS LTD -0.95%
- WOW WOOLWORTHS LIMITED -1.03%
- WPL WOODSIDE PETROLEUM 0.98%
- WRT WESTFIELD RETAIL TST 0.96%
Key Stories
Bargain hunting stems Ukraine fear losses
Bargain hunting and rallies in gold mining and energy stocks helped trim losses in the afternoon.
Telstra vans to get GPS for customers
Telstra vans to be fitted with GPS for customer tracking as the telco battles to shake off its 'incumbent' tag and become a technology player.
Are gold prices a gigantic bank scam?
The London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say.
Qantas' Thelma and Louise act
One day after Alan Joyce declared a $252m first half loss, Franklin Resources increased its holding in Qantas. Interesting, no?
China response to Ukraine is key
For Australia, the significance of the events in Crimea will depend on China's response.
Fruit and veg to keep RBA on the sidelines
Amid another round of very mixed economic data, it's a the rise in consumer prices, including fruits and vegetables, that is set to keep the Reserve Bank sitting on the sidelines.
- Retail retail New threat to Myer, DJs
- The Economy Jobs Job ads show strong growth in Feb
- Mining and Resources Mining Iron ore slump to hurt BHP, Rio earnings
- The Economy Property House price growth takes a breather
Market Indices
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March 1, 2014 - 9:16AM
March 1, 2014 - 9:16AM
Last updated:
March 3, 2014 - 9:41PM
March 3, 2014 - 9:41PM
Currencies
| Last updated: | |
| United States Dollar | |
|---|---|
| 0.8925 | -0.06% |
| Euro | |
| 0.6476 | 0.15% |
| British Pound | |
| 0.5334 | 0.19% |
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Markets Live: Gold miners cushion falls
Live
Investor worry around the threat of war in Ukraine sunk shares early but the market then regained lost ground on upbeat economic data, supported by surging gold stocks.
In Depth
What Ukraine might mean for markets
Unfortunately, we're never quite able to trust the world to be rational.
Qantas: From icon to corporate tragedy
Adele Ferguson and Matt O'Sullivan tell the extraordinary inside story of how Qantas flew off course.
RBA unlikely to be rushed
The Reserve Bank is expected to leave the cash rate on hold on Tuesday.
Trading Room
Cult of dividends a 'dangerous obesssion'
Australian companies are directing their cash towards dividend-hungry investors.
Listen up: all that glisters might just be a golden rule
One of the golden rules of investing: 'If you're counting your money it's time to sell.'
Business News Wire
Markets
Bargain hunting stems Ukraine fear losses
Bargain hunting and rallies in gold mining and energy stocks helped trim losses in the afternoon.
Are gold prices a gigantic bank scam?
The London gold fix, the benchmark used by miners, jewelers and central banks to value the metal, may have been manipulated for a decade by the banks setting it, researchers say.
China response to Ukraine is key
For Australia, the significance of the events in Crimea will depend on China's response.
- Currencies Dollar dips under US89c as Ukraine tensions mount
- Resources Gold production hits a 10-year high
- Wall Street Ukraine worries temper US market highs
- Shares Cult of dividends a 'dangerous obesssion'
- ASX ASX inches up as results offset China worries
- What's on this week Business calendar for March 3 - 7
$A will be big in Japan
Search Quotes & Charts
The Economy
Fruit and veg will keep RBA on the sidelines
Amid another round of very mixed economic data, it's a the rise in consumer prices, including fruits and vegetables, that is set to keep the Reserve Bank sitting on the sidelines.
Job ads show strong growth in February
Job advertisements have risen strongly in February after a flat start to the year.
House price growth takes a breather
Sydney home prices have continued to rise in February, despite an overall flat month for the Australian market.
- Economy 'Worrying signs': inflation lifts again
- Economy Manufacturing takes backward step
- Markets RBA not likely to be rushed into rate shift
- Opinion We're now a nation of rent-seekers
- Agribusiness Fonterra calls for penalty rate review
- Economy New headache for RBA
- Michael Pascoe Hockey's lowest of hurdles to save the world
Retail
Neiman Marcus ramps up Australian presence
David Jones and Myer face a new threat. American luxury retailer Neiman Marcus is promising to become a lot more visible to Australian shoppers, even if it isn’t opening any stores here.
H&M; signs leases for major foray into Australian fashion
Swedish fashion group H&M; has arrived in the country and taken out a 10-year lease on a property at Eastern Creek, Sydney, being developed by Australand.
Banking & Finance
NAB cuts fixed rates as competition heats up
National Australia Bank has cut a range of fixed home loan interest rates, as competition in the mortgage market heats up.
AMP chairman Peter Mason calls it quits
AMP chairman Peter Mason, who guided the financial services major through the merger with AXA, will retire, after recently flagging plans to step down as David Jones chairman.
Mining & Resources
Iron ore slump to hurt BHP Billiton, Rio Tinto earnings, says Citi
A plunge in the price of iron ore has prompted Citi to downgrade its expectations the earnings of BHP Billiton and Rio Tinto this year.
Oil Search's Botten looks at succession
The veteran managing director of Oil Search, Peter Botten, will review his future at the $11.6 billion company at the end of this year but he has promised not to leave without a clear succession plan in place.
World Business
G7 condemns Russia over Ukraine
The Group of Seven major industrialised nations has condemned Russia's intrusion into Ukraine and canceled for now preparations for the G8 summit.
Lost faith in Mt. Gox exchange triggered collapse
As the Bitcoin exchange Mt. Gox was careening towards collapse, its owner, Mark Karpeles, found that even some of his fellow virtual currency advocates were losing faith.
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China
LinkedIn jumpstarts China expansion
Professional social networking website LinkedIn has launched a Chinese language version of its website, a move that could jumpstart its expansion into the world's largest internet market.
Shunned Chinese buyers to turn to Australia
Canada’s government recently made an abrupt decision that could have repercussions for Australia’s already overvalued residential property market.
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Property Focus
House price growth takes a breather
Sydney home prices have continued to rise in February, despite an overall flat month for the Australian market.
H&M signs leases for major foray into Oz fashion
Swedish fashion group H&M; has arrived in the country and taken out a 10-year lease on a property at Eastern Creek, Sydney, being developed by Australand.
North Fitzroy terrace sale sets surburb record
After two intense weekends with more than 1300 auctions scheduled each time, the market is starting to slow.
There's no other site like DJs
Chinese buyers fuelling hotspots
Chinese buyers are pushing demand in some Sydney suburbs to levels not seen in a decade.
Executive Style
Ten signs you should quit your job
How do you know when it's time to call it quits? Here are the key signs it's time to move on.
Money
Pick the dividend champs
Concerns that big dividend payers had become overheated have been reduced by better-than-expected results.
Improving outlook in some sectors
Profits in the December half should have been pretty awful, yet mostly they weren't half bad.
Small Business
What Maggie Beer did next
Is the famous foodie launching her own amber ale?
How to stay calm in a crisis
It's easier than you think to keep your head when others panic.
Business Video
Business week: 'What would Putin do?'
Despite the conflict in the Ukraine, markets should be hoping for nothing worse than the 2008 Russia-Georgia confrontation, but that depends on how rational Putin is feeling.
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Comment & Analysis
What Ukraine might mean for markets Contains: This article contains a video.
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