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Euro, Korea worries drag on choppy Asian trade
Nov 29, 2010 02:22 EST
A sagging euro and tensions on the Korean peninsula made for a jittery day on Asian markets Monday, but signs of a strong US shopping season lifted Tokyo and Sydney while Hong Kong also revived.
Asian markets mixed in early trade amid concerns
Nov 28, 2010 23:54 EST
Asian markets mixed in early trade amid Europe debt concern, Korea tension. Asian markets were mixed in late morning trade Monday amid caution over tensions on the Korean peninsula and the debt crisis in Europe.
Computer meltdown leaves Aussies without cash
Nov 27, 2010 03:55 EST
A freak computer glitch at Australia's biggest bank froze cash machines and left millions of people struggling to access their money.
Computer meltdown leaves millions of Aussies without cash
Nov 27, 2010 02:44 EST
A freak computer glitch at Australia's biggest bank froze cash machines and left millions of people struggling to access their money.
Australian Senate approves $35B broadband network
Nov 25, 2010 21:42 EST
Australian Senate approves $35 billion optical fiber national broadband network roll out. The Australian Senate on Friday approved legislation that enables the government to roll out a 36 billion Australian dollar ($35 billion) high-speed national broadband network.
England fans defy currency woes to head to Ashes
Nov 24, 2010 20:58 EST
The Australian dollar may be at a 20-year high but a lack of spending power hasn't deterred thousands of England cricket fans from making the long trek to Australia for the Ashes series.
Australian bank to sell stake in banknote firm
Nov 23, 2010 02:28 EST
Australia's central bank Tuesday said it was selling its half-stake in banknote-manufacturer Securency, which is at the centre of an international corruption investigation.
John Fahey to remain WADA president through 2013
Nov 21, 2010 16:16 EST
WADA President John Fahey gets 2nd 3-year term; Johannesburg to host 2013 doping conference. World Anti-Doping Agency President John Fahey will remain the chief enforcer against drug cheating in sports through 2013.
China policy tightening weighs on world markets
Nov 19, 2010 11:57 EST
World markets weighed by China monetary policy tightening, Irish bailout deal wait. Stock markets are ending the week broadly lower Friday after China took further steps to rein in lending and amid worries that Ireland's financial rescue package is being delayed by disagreement over reforming its low corporate tax rate.
Asian stocks lower after South Korean rate hike
Nov 16, 2010 00:33 EST
Asian stock markets mostly lower after South Korea raises interest rate to cool inflation. Asian stocks were mostly lower Tuesday as an interest rate hike in South Korea added to speculation China will also tighten monetary policy to cool inflation.
Adam Scott hangs on to win Singapore Open
Nov 14, 2010 22:15 EST
Anders Hansen of Denmark finished second, a shot behind Scott while US Open champion Graeme McDowell tied for third with Swede Rikard Karlberg at 13-under 271.
Highlights: Execs at APEC meeting pin hopes on U.S. economy
Nov 13, 2010 05:11 EST
YOKOHAMA, Japan (Reuters) - Corporate executives attending an Asia-Pacific meeting are counting on a recovery in the U.S. economy to boost trade, although say uncertainties over currencies and economic policies remain a threat to business.
World stocks slide on China rate hike jitters
Nov 12, 2010 10:50 EST
Stocks slide in European afternoon trading on China tightening fears, Europe debt outlook. Chinese shares led world markets lower Friday amid mounting concerns Beijing will raise interest rates to cool its overheating economy. Ongoing fears that Ireland will need a financial bailout also kept investors on edge.
China raises bank reserves as cash inflows surge
Nov 10, 2010 06:53 EST
BEIJING (Reuters) - China on Wednesday ordered its banks to put more money aside as required reserves, a tightening step that mops up some of the cash that has been streaming into the country and posing a growing inflationary threat.
European stocks lifted by upbeat earnings
Nov 09, 2010 06:11 EST
European stocks lifted by upbeat earnings as euro remains under pressure from Irish debt fears. European stock markets rose modestly Tuesday as a batch of strong corporate earnings from the likes of British mobile phone company Vodafone PLC and Swiss recruitment agency Adecco SA helped deflect mounting concerns that Ireland will have to be bailed out by its partners in the eurozone to stave off a damaging default.
Dollar gains after strong-than-expected jobs data
Nov 05, 2010 16:33 EDT
Dollar rebounds on strong jobs report, recovering some ground lost after Fed announcement. The dollar rebounded on Friday as a report showed stronger-than-anticipated job gains in the United States and investors once again worried about European debt levels.
Global markets jittery ahead of US jobs data
Nov 05, 2010 07:20 EDT
Global markets jittery ahead of US jobs data following Fed-fuelld gains. European stock markets traded lower Friday ahead of key U.S. jobs data, following a big stock market rally around the world in the wake of the Federal Reserve's decision to pump $600 billion into newly-created money the U.S. economy.
Town seeks new life via $1/week rent
Nov 04, 2010 12:42 EDT
SYDNEY (Reuters) - An Australian rural community desperate to encourage new families to move in and revitalize the town is offering to rent farm houses to interested families for one Australian dollar a week.
The Fed's big gamble: Here's what could go wrong
Nov 03, 2010 18:13 EDT
The Federal Reserve launches plan to lift all boats. Who knows how it will play out?. The Federal Reserve is making a high-stakes bet in the hope of getting the economy steaming along again. Nobody is sure the Fed's best efforts will work, and they may actually backfire.
Australia town seeks new residents with one-dollar rent
Nov 03, 2010 01:50 EDT
The town of Trundle, with a population of about 380, is seeking people from from all over Australia to fill six homes, some of which have been vacant for years as the region suffered a long and devastating drought.