Euro zone assets recovered some poise on Tuesday as markets bet the European Union would take steps to restore confidence in struggling members like Greece at a summit this week.
European Central Bank President Jean-Claude Trichet is cutting short a trip to Australia to attend a special European Union summit, prompting market speculation initiatives are in the works to help resolve Greece's debt problems.
European Central Bank President Jean-Claude Trichet is changing his plans to leave Australia and return to Europe purely because of logistics, an ECB spokesman said on Tuesday.
Stock futures rose on Tuesday, pointing to a higher start for Wall Street after sharp falls in the previous session, but with some caution expected to persist over euro zone debt concerns.
Macquarie Group , Australia's top investment bank, forecast a disappointing second-half profit and gave an outlook that raised worries about its key equity business, sending its shares sliding 7 percent.
Asian shares broadly rose on Tuesday, led by Taiwan and South Korea, and the euro staged a small rebound from its recent drubbing, but Japan and Australia fell as investor sentiment remained weak on euro zone fiscal concerns.
Macquarie Group , Australia's top investment bank, spooked investors on Tuesday with a lukewarm outlook, warning them about weakening markets and sending its shares down 6 percent.
Most often bridges make us wonder how technology made possible their construction. They are a means of getting from one point to another but although we walk or drive on them (almost) daily, we don't always stop to admire them.
Australia's BHP Billiton named Chris Campbell as president of the firm's iron ore business on Monday, the second major management reshuffle among top miners in the country focused on soaring demand from China.
Australian wealth manager AMP Ltd has let its exclusive deal with French insurer AXA SA expire for a joint $11 billion buy of AXA Asia Pacific Holdings, paving the way for rival bidder National Australia Bank to start talks with the French.
According to the researchers in Australia, there is a strong link between omega-3 fatty acids and the level of zinc in the brain.
Private equity firms are again being threatened with higher taxes, as a long-running debate over how to classify their profits again becomes a focus for governments desperate for cash.
The Aussie dollar remained relatively range bound on Friday bouncing between 0.8650 and 0.8700 for the majority of the Asian session.
Bank of America has embarked on a major hiring spree across Asia, aiming to expand in the fast growing region and revive the investment banking franchise that Merrill Lynch built before the financial crisis.
An online campaign has started to save the job of an Australian banker who became an internet sensation after he was caught on live television viewing images of scantily-clad supermodel Miranda Kerr on his computer.
Hollywood studios lost a landmark copyright court case against an Australia internet provider on Thursday, when a court ruled iiNet could not be held responsible for unauthorized downloads of movies using its service.
The Australian Dollar opens lower against the greenback today at 0.8815 after mixed local trade data released yesterday.
Investors should consider stepping into equities linked to countries that are the first to raise interest rates, Bank of America Merrill Lynch's chief global equity strategist said on Wednesday.
The International carbon market has been brought to a virtual standstill after computer hackers stole over 250,000 permits, worth over 3 million euros.
Australian wealth manager AMP Ltd will not seek to extend its exclusive agreement with France's AXA SA on a joint $11.4 billion bid for AXA's Australian unit, sources said, opening the door for rival bidder National Australia Bank Ltd to start talks with AXA SA.
World stocks bounced back on Tuesday after hitting three-month lows a day earlier, but gains were limited ahead of key economic data and rate decisions from the European Central Bank and the Bank of England this week.
Resource stocks lifted Asian shares off three-month lows on Tuesday after strong U.S. manufacturing data raised hopes the global economic recovery was on a firmer footing.
