Australia

Australia News

  • Banker Gladstone Paid Less Than Janitor Rises Arranging Futures

    Updated 11 minutes ago

    When Jane Gladstone of Evercore Partners Inc. first attended the Futures Industry Association annual meeting in Boca Raton in 2002 she was the only investment banker there. To capitalize on the opportunity, she threw a dinner for about 20 people.

  • Pandora Quarterly Revenue Advances Helped by Mobile Users

    Updated 34 minutes ago

    Pandora Media Inc., the biggest online radio service, reported a first-quarter loss that matched analysts’ estimates as mobile revenue surged and the company controlled costs. The stock rose in late trading.

  • Japan $314 Billion Rout Tests Topix Bulls Who Pushed Gain

    Updated 10 minutes ago

    The biggest drop in Japanese shares since the 2011 earthquake erased $314 billion in market value, shaking bulls who pushed the Topix Index to five-year highs and highlighting their vulnerability to shocks at home and abroad.

  • Dollar Index Declines Amid Debate on Fed Direction

    Updated 18 minutes ago

    The Dollar Index declined for the first time in three days as a survey of the Federal Reserve’s primary dealers said confusion about the central bank’s intentions for its bond-buying program may be hurting the effort’s effectiveness.

  • U.S. Stocks Retreat on China Data, Stimulus Speculation

    Updated 2 hours, 36 minutes ago

    U.S. stocks retreated, giving benchmark indexes their first back-to-back drops in one month, as a contraction in China manufacturing offset American housing data and investors weighed Federal Reserve stimulus comments.

  • India’s Economic Recovery Seen Subdued as Policy Risk Persists

    India’s economy probably expanded less than 5 percent for a second quarter as political gridlock that threatens Prime Minister Manmohan Singh’s growth agenda tempered gains from farm output and lower interest rates.

  • Nobel Laureate Phelps Warns Against EU as Iceland Drops Bid

    Updated 20 minutes ago

    Nobel Laureate Edmund Phelps warned against the dangers of European Union membership as Iceland became the latest nation to question the sense of affiliation with a bloc mired in economic crisis.

  • French Wheat Premium Seen Erased by Russia Rebound: Commodities

    French wheat exporters face tougher competition from the Black Sea this year as crops in Russia and Ukraine recover from drought, erasing the premium paid for Paris-traded futures over the global benchmark in Chicago.

  • Aussie Dollar Is Villain as Ford Ends Mad-Max Land Output

    Updated 27 minutes ago

    Ford Motor Co. Falcons, driven by Mel Gibson in Australia’s 1979 movie “Mad Max,” have rolled off a Melbourne production line for 53 years. Now, like Max’s “last of the V-8s,” their days are numbered.

  • Rand’s Nosedive Foils Prospects for Rate Cut

    Updated 1 hour, 18 minutes ago

    The rand’s drop in the past two weeks, the world’s steepest after Syria’s pound, is foiling prospects for an interest-rate cut by South Africa’s central bank amid mounting concern inflation will accelerate.

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