The Australian dollar has fallen more than one US cent as comments from Berlin dampen expectations an upcoming European Union (EU) summit will solve the eurozone's debt crisis.
US equity markets sank Monday after a three-week rally after a meeting of G20 finance chiefs failed to boost confidence that a solution to the eurozone debt crisis is near.
The Australian dollar has hit a one month high after finance ministers from the world's wealthiest nations vowed to stop the European debt crisis from spreading.
Stocks in Pan Asia Corporation shot up today after the mining and exploration firm revealed a 115 per cent increase in resource reserves at its flagship coal project in Indonesia.
Australia's corporate and securities watchdog has given the green light for Chi-X Australia to start operating the country's second securities exchange market on October 31.
A pick-up in borrowing by businesses is emerging as an argument against a cut in interest rates at the next monetary policy meeting of the Reserve Bank of Australia.
Rio Tinto will sell 13 of its aluminium units including refineries and smelters as the world's second biggest miner seeks to streamline its Alcan business.
The Australian dollar surged more than one US cent to a one-month high on optimism that world finance leaders were close to announcing a comprehensive plan to tackle Europe's sovereign debt crisis.
US stocks scored their third straight week of gains on Friday as anticipation of a fairly solid third-quarter earnings season trumped worries about Europe and weak economic growth.
The Australian dollar continued its climb above parity, after a tumultuous night offshore when ratings agency Standard and Poor's cut its credit rating for Spain.
Falling banking stocks dragged the US equity market down on Thursday amid worry about fallout from a Greek default, but Apple and Google helped the Nasdaq gain for a fourth straight day.
The Australian dollar rose to three-week highs overnight as approval of a European bailout fund looks more likely and after some negative comments about the US economy by its central bank.
Property statistics released today revealed a mixed bag for the sector, with the total value of home sales plunging over the last financial year, despite a fifth consecutive month of rises in home
The outcome of last week's jobs forum in Canberra was sensible, incremental reform, but don't expect the policy change to have a big impact on local industry.
THE Australian Institute of Company Directors' latest report into not-for-profit directorships has revealed specifics around the dedication of business people to the community sector.