Tag "Australia"

The world’s biggest lithium ion battery has started delivering power. Activating the massive system in South Australia fulfills a bold pledge by Tesla CEO Elon Musk to build the battery in 100 days or provide it for free. The electric

Asian stocks are poised to rise on Monday and the dollar firmed against a basket of currencies after the latest payrolls data highlighted U.S. jobs and wages growth. Financial markets will be carefully tuned to President-elect Donald Trump’s news conference

Asia stocks followed Wall Street higher on Wednesday, while the dollar firmed against the yen following the release of upbeat U.S. economic data overnight.  MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS rose 0.5 percent. Australian stocks rode a

SYDNEY : S&P Global Ratings on Monday said a mid-year update on the Australian government’s budget update had no immediate effect on the credit rating or outlook of the country, though the agency remained pessimistic on the deficit. “The government’s

TOKYO : Asian shares steadied in early trade on Monday after China agreed to return a U.S. drone it had seized, easing worries about rising diplomatic tensions between the world’s two biggest economic powers. MSCI’s broadest index of Asia-Pacific shares

HONG KONG : Asian stocks posted their biggest rise in two weeks on Tuesday and the euro steadied as investors judged the selloff after Italy’s referendum was overdone, with robust U.S. economic data also helping sentiment. MSCI’s broadest index of

Two Australian banks have offered to pay fines for “cartel conduct” when trading foreign exchange contracts for the Malaysian ringgit, in the latest controversy engulfing banks and their manipulation of foreign exchange rates. Australia’s No.1 investment bank Macquarie Group mqbky

Asian stocks bounced to one-week highs on Wednesday as investors tried to share in the exuberance of Wall Street’s record run, while high U.S. bond yields kept the dollar well underpinned. Australia’s main index led the action with a rise

TOKYO Asian shares were on the defensive on Monday, undermined by fears that the strength in the U.S. dollar and rising U.S. bond yields since Donald Trump’s election to president could accelerate fund outflows from emerging markets. MSCI’s broadest dollar-based

HONG KONG : The U.S. dollar hovered near on a 14-year high on Tuesday and Treasury yields extended their rise as investors braced for higher inflation in the United States amid expectations of fiscally expansionary polices under Donald Trump’s presidency.