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Dollar rallies on debt deal, but downside risks seen

The dollar rallied against the yen and the Swiss franc on Monday as investors unwound safe-haven plays on expectations U.S. lawmakers would pass a deal to raise the country's borrowing limit, averting the risk of an immediate default.
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Gold falls 1 percent as Obama announces debt deal

Gold fell more than 1 percent on Monday after President Barack Obama said lawmakers had reached a deal to cut the country's deficit, which, if approved, would remove the threat of a default on debt that has driven bullion to a record high.
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House decline could bottom out

In January we saw Aussie home values fall by 1.2% which was the weakest monthly result on record. Over the March quarter home values were down 1.8%. Since that time we have seen the rate of decline slow along with an improvement in our leading indicators, like vendor discounting and time-on-market.
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Heavey to leave segmentation legacy

St. George head of intermediary distribution Steven Heavey has announced his resignation, only days after his involvement in the launch of Westpac's rebadged Bank of Melbourne brand in Victoria.
SpaceX

SpaceX Preps for Nov Launch as Space Race Heats Up

Space Exploration Technologies, or simply SpaceX, and other private sector companies are vying to fill the void for transport to space after the U.S. government put the breaks on its own shuttle program.
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Is it 1999 all over again for tech stocks?

I wasn't one of those people who lost a bunch of money when dot-com stocks blew up in 2000, but to be honest, that's because I didn't make a lot of money in the bubblicious run up, either.
Solar panels

After dismal second-quarter, solar outlook brightens

Solar investors should brace themselves for some downright dreadful second-quarter earnings reports in the coming weeks, though the rest of the year may provide some relief to battered solar stocks as panel prices stabilize and profit margins recover.
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Construction begins on Sentinel natgas plant in California

Competitive Power Ventures Inc (CPV), GE Energy Financial Services and Diamond Generating Corp (DGC) began construction at their co-owned, 800-megawatt gas-fired CPV Sentinel Energy Center in Riverside County, California, the companies said in a release on Thursday.
Goldman Sachs

Goldman Sachs rates desk hemorrhages traders

More than a dozen traders have quit Goldman Sachs Group Inc's (GS.N) North American government bonds and derivatives trading desk in New York in recent months as the bank takes fewer risks and big bonuses for ambitious traders dry up.

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