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Global markets are surging in response to positive US economic data and yesterdays policy statement from the US Federal Reserve. The Fed said it would be patient in deciding when to raise interest rates. Most analysts have interpreted this as meaning
At three oclock sharp, the Aldens reported to the lodges laundry room. The huge, warm room was filled with swooshing sounds and soapy smells. I hear a gurgling sound again, Benny said. Only this time, it really is washing machines, not mud pots. Mud
And the US economy grew at a slower pace than previously estimated in the three months to the end of September. Revised figures from the US Commerce Department show that gross domestic product grew by two per cent. Now that's half of one per cent low
Now lets move to finance. The chairman of the U.S. Federal Reserve says Americas economic recovery is being held back by Europes debt crisis. And Ben Bernanke has told a congressional hearing that the U.S. economy has slowed significantly in recent m
International Fund has suddently upgraded its grow forecast for the global economy.It's now predicating 3.5% this year,up 0.25% on its earlier forecast. Its predication for Australia is in line with the government projection of 3% growth this year.Bu
Crude Oil Prices Surge despite OPEC Production Boost World oil prices have surged to record highs, even as the Organization of Petroleum Exporting Countries announced a boost in production. For the fi
The President of Venezuela warns that if the United States attacks his country or Iran, the price of a barrel of oil could double. Hugo Chvez says if there was an attack, oil could reach 200 dollars a barrel. The remarks came during the opening addre
AS IT IS 2015-03-07 Trail Rides Kick off Houston Livestock Show and Rodeo 休斯顿牛仔竞技节和牲畜展 The Houston Livestock Show and Rodeo is the largest event of its kind in the world. The yearly event features horse and bull riders from al
Oil prices in Asia slipped briefly below $60 a barrel for the first time in more than 18 months, then rallied to $61, after a two-day plunge. From Sydney, Phil Mercer reports. Analysts say that worries over the state of the world economy and prospec
To finance.And growing expectations of a military strike against Syria have sent oil prices higher. West Texas Crude jumped to 109 US dollars a barrel. This is the highest this year. Singapores Tapis Crude rose to a six months high of 121 US dollars
Good morning, everyone. The Brazilian mining company Samarco which is jointly owned by BHP Billiton and Valley since two of its dams that it uses to hold waste water from iron ore production are damaged and could also collapse. Now one of the company
Leading finance news the Reserve Bank of Australia is expected to keep interest rates on hold but it means late today, with many economists now anticipating any change in the coming year. All 27 analyst survey by Bloomberg have predicted that the RBA
I think that's an inevitable process which is going to continue so long as the Asian economies in particular continue to grow up rapidly. The biggest marginal contributer to rise in oil demand, that of course in the past 5 years has been China. I th
The new head of the US Federal Reserve Janet Yellen says the Central Bank expects to continue trimming stimulus measures despite a stubbornly high jobless rate. The unemployment rate is coming down, but Ms.Yellen says a labor market recovery is far f
The OECD has painted a bleak picture for unemployment in the Eurozone. The yearly outlook says young workers will continue to suffer from high unemployment rates. It also says older workers are facing financial pressures and are being denied access t
The European Central Bank says it doesn't intend to follow the US Federal Reserve's lead and ease its stimulus measures any time soon. It says inflation is low, but unemployment remains high. However, it's still predicting a recovery later in the yea
Australia's independent body that advises on infrastructure is calling for investment in the nation's ports to be made a priority. Infrastructure Australia has released its latest annual list of priority projects across the nation. The report advises
Business groups have cast doubt on the federal governments ability to return the budget to surplus. They say the budget does nothing to inspire business confidence. The Chief Executive of the Business Council of Australia Jennifer Westcott is critica
Well New South Wales has extended its lead as the nation's best performing economy, according to the latest concept state of the state report. Victoria has remained in second place. But the quarterly report shows the biggest change over the past quar
Good morning everyone. Well, it's been a bleak end to 2015 financial year on the Australian Stock Exchange. As the financial year ended yesterday, the ASX200 was 1.2% above what it was at the start of July 2014. But that's still one of the worst perf