- Draghi: Greece should stay in euro AAP - 5 hours ago
The head of the European Central Bank (ECB) says its "strong preference" is for Greece to stay in the euro.Mario Draghi made the remarks in a speech at a conference on Wednesday in Frankfurt.Draghi ...
- Judge to lead Greece into new elections AAP - 5 hours ago
A supreme court judge has been appointed to head a caretaker government in Greece until new elections are held on June 17, as citizens continue to withdraw millions of euros from banks amid fears the country ...
- $A down one US cent as Greek poll looms AAP - 10 hours ago
The Australian dollar is extending its fall below below parity with the US dollar as renewed worries about debt-stricken Greece weighs on the currency.Greece is expected to hold new elections, possibly ...
- Aust Stocks plunge on Greek woes AAP - 11 hours ago
Australian stocks plunged to two-month lows, led by the resources sector, with $32 billion wiped from the value of the market as Greece's problems kept investor confidence at depressing lows.The benchmark ...
- Euro zone worries push bond prices higher AAP - 12 hours ago
Australian bond future prices inched higher on continued worries about the euro zone but remain just below their record highs set just a day ago .At 1630 AEST on Wednesday, the 10-year bond futures contract ...
- Aust shares close AAP - 12 hours ago
Australian stocks closed at a two-month low, after one of its sharpest one-day percentage falls this year.The local bourse took its lead from much weaker European and US markets overnight, which dropped ...
- Aust stocks lower at noon AAP - 17 hours ago
Australian stocks were down close to two per cent at noon with the resources-linked sectors doing it toughest on a day of broad-based declines.At 1203 AEST on Wednesday, the benchmark S&P/ASX200 index ...
- Aust stocks open lower AAP - 18 hours ago
Australian stocks have opened more than one per cent lower amid broad based declines as local market players took their cues from a poor night on Wall Street and ongoing troubles in Europe.At 1028 AEST ...
- Aust shares open AAP - 19 hours ago
The Australian share market has opened lower on Wednesday after overnight falls on Wall Street and more uncertainty over Greece's political future.At 1010 AEST on Wednesday, the benchmark S&P/ASX200 index ...
- Aust bonds higher as Greek talks fail AAP - 20 hours ago
Australian bond future prices are marginally higher after talks between Greek political parties collapsed, meaning the country faces fresh elections next month.UBS interest rate strategist Matthew Johnson ...
- Commodities markets summary AAP - 21 hours ago
A summary of trading in key commodities markets overseas:ENERGYWorld oil prices have closed the day mixed as dealers balanced better-than-expected euro zone economic growth figures with rising concerns ...
- $A down as Greek talks fail AAP - 21 hours ago
The Australian dollar is almost 0.7 of a US cent lower after talks between Greece's political parties failed, meaning the country is headed for fresh elections next month.At 0700 AEST the Australian dollar ...
- International markets roundup AAP - 22 hours ago
A roundup of trading on major world markets:NEW YORK - US stocks have sunk as speculation about Greece's potential exit from the eurozone continues after the country's political parties failed to forge ...
- Germany helps eurozone avoid recession AAP - Tue, May 15, 2012 9:22 PM NZST
Official figures show the economy of the 17 countries that use the euro confounded expectations and avoided falling back into recession in the first quarter of 2012.Eurostat, the EU's statistics office, ...
- $A gets a boost from German growth data AAP - Tue, May 15, 2012 8:03 PM NZST
Australian dollar rose back above parity with the US dollar after it got a boost in late afternoon trade on official data showing Germany avoided a recession.At 1700 AEST on Tuesday, the Australian dollar ...
- Aust shares close weaker AAP - Tue, May 15, 2012 7:42 PM NZST
Australian stocks fell to a weaker close, dragged down by heavy losses among the resource stocks.Investors worried about political and financial instability in Europe, including the future of the euro ...
- Bonds higher on Greek woes AAP - Tue, May 15, 2012 7:16 PM NZST
Australian bond future prices closed stronger, continuing their upwards momentum from the beginning of the week as investors sought safe-haven assets amid renewed worries about the euro zone.At 1630 AEST ...
- Greek woes keep $A below parity AAP - Tue, May 15, 2012 3:02 PM NZST
The Australian dollar has traded in a tight range after concerns about Greece's political crisis saw it fall below parity with the US dollar.At 1200 AEST the Australian dollar was trading at 99.71 US cents, ...
- Greece's woes weigh on Aust shares AAP - Tue, May 15, 2012 2:31 PM NZST
Australian stocks were almost one per cent lower at noon, with the resources sector posting the largest losses, due to concerns about the future of the euro zone.At 1221 AEST on Tuesday, the benchmark ...
- RBA sets scene for lower rates if needed AAP - Tue, May 15, 2012 1:43 PM NZST
The minutes of the latest monetary policy meeting did not explicitly flag the possibility of another round of interest rate cuts but still left the way open.The meeting was held by the board of the Reserve ...
- EU pleads with Greece to stay the course AAP - Tue, May 15, 2012 12:00 PM NZST
Leading European Union (EU) finance officials on Monday promised to stand by Greece as a member of the eurozone provided it sticks to its bailout terms and stays the course of its painful austerity program.Greeks ...
- Aust bonds hit record high on Greek woes AAP - Tue, May 15, 2012 11:23 AM NZST
Australian bond future prices have risen to their highest level ever amid fears Greece's political crisis could see it exit the euro zone.At 0830 AEST on Tuesday, the 10-year bond futures contract was ...
- $A below parity as Greek fears mount AAP - Tue, May 15, 2012 9:39 AM NZST
The Australian dollar as fallen back below parity with its US counterpart as fears mount that Greece will exit the euro zone and default on its debt saw global equity markets plummet.At 0700 AEST on Tuesday, ...
- $A falls below parity, hits five-month low AAP - Mon, May 14, 2012 7:57 PM NZST
The Australian dollar fell below parity with the US dollar for the first time in almost five months, as political uncertainty in Greece and signs of an economic slowdown in China rekindled trader pessimism.The ...
- Aust stocks slightly higher AAP - Mon, May 14, 2012 7:37 PM NZST
Australian shares closed slightly higher, driven by gains in the telecommunications and financial sectors.At the close on Monday, the benchmark S&P/ASX200 index was up 11.9 points, or 0.28 per cent, at ...
- Bonds stronger as Greek deadlock persists AAP - Mon, May 14, 2012 6:57 PM NZST
Australian 10-year bond future prices rose to their highest level ever as hopes fade about debt-laden Greece being able to form a government.A meeting between Greek President Karolos Papoulias and party ...
- RBA suggests investing in people's skills AAP - Mon, May 14, 2012 6:43 PM NZST
The Reserve Bank has warned that the resources boom will not continue indefinitely and that it was still important for the nation to invest in training and education for its workforce.RBA deputy governor ...
- $A dips below parity on Greek woes AAP - Mon, May 14, 2012 3:23 PM NZST
The Australian dollar dropped below parity with its US counterpart but has since moved back above the key level amid ongoing concern about Greece's political situation.At 1300 AEST, the Australian dollar ...
- $A falls below parity AAP - Mon, May 14, 2012 2:41 PM NZST
The Australian dollar has fallen below parity with the US dollar for the first time in almost five months.At 1224 AEST the Australian dollar was trading at 99.99 US cents, down from 100.14 US cents at ...
- Aust stocks 0.16% higher at noon AAP - Mon, May 14, 2012 2:31 PM NZST
Australian shares were slightly higher at noon as the local market bounced back despite falls on Wall Street and European stocks.At 1200 AEST on Monday, the benchmark S&P/ASX200 index was up 6.8 points, ...
- Aust stocks open higher AAP - Mon, May 14, 2012 12:37 PM NZST
Local stocks have opened firmer with market players buoyed by the Chinese central bank's actions to support lending in one of Australia's key trading partners.At 1025 AEST on Monday, the benchmark S&P/ASX200 ...
- Greek woes drive Aust bonds to record high AAP - Mon, May 14, 2012 11:57 AM NZST
Australian 10-year bond future prices have risen to their highest level ever amid fears about the fallout of Greece's political crisis.At 0830 AEST on Monday, the June 10-year bond futures contract was ...
- Bundesbank chief warns Greece on rescue AAP - Sat, May 12, 2012 10:14 PM NZST
The head of Germany's central bank is warning that there will be no basis for further financial aid to Greece if the country backs off agreements with international creditors.Bundesbank chief Jens Weidmann ...
- Greek parties talk in a bid to form govt AAP - Fri, May 11, 2012 10:42 PM NZST
Former finance minister and socialist party head Evangelos Venizelos has met election winner Antonis Samaras, the leader of Greece's conservative party, in a last-ditch effort to form a coalition government ...
- EU predicts economy to contract 0.3% AAP - Fri, May 11, 2012 10:41 PM NZST
The European Union estimates that the economy of the 17 countries that use the euro is in recession in the wake of a debt crisis that has prompted savage spending cuts and a jump in unemployment to record ...