Investors flocked to the Aussie dollar following yesterday's surprise interest rate increase by the RBA. Despite the central bank having previously provided strong rhetoric pointing to an increase from 3% most analysts had been expecting the first increase in the cycle to come later in the year. The immediate reaction to the news saw the AUD/USD jump from 0.8750 to trade around 0.8850 within an hour and headed into offshore exchange looking to add to the gains.
Oil prices rose on Tuesday as investors bought commodities to hedge against a weaker dollar and the U.S. government forecast an increase in world oil demand.
Gold surged to a record high above $1,040 per ounce on Tuesday, as investors piled into the metal to preserve the value of their dollar-denominated assets against erosion by a weakening dollar and inflation.
Oil prices rose slightly on Tuesday as investors bought commodities to hedge against a weaker dollar and the U.S. government forecast an increase in world oil demand.
Oil prices rose toward $72 a barrel on Tuesday as investors bought commodities to hedge against a weaker dollar, and the U.S. government forecast an increase in world oil demand.
Iran plans to use a new generation of faster centrifuges to enrich uranium at a newly-revealed nuclear site, its atomic energy chief said in remarks published on Tuesday.
Oil prices rose above $71 per barrel on Tuesday as the dollar slipped against major currencies and after a U.S. government agency raised its forecast of world oil demand for the fourth quarter.
European Union countries are split over plans to introduce an EU-wide carbon tax on fuel, which could be proposed early next year.
Gold surged to a record high above $1,040 per ounce on Tuesday, with buying fueled by dollar weakness after a report, later denied, that Gulf Arab states were considering abandoning the U.S. currency for oil trade.
The following financial services industry appointments were announced on Tuesday.
President Robert Mugabe said on Tuesday Zimbabwe wanted friendly relations with Western countries who have been critical of it in the past.
Exxon Mobil has agreed to buy Kosmos Energy's stake in the Jubilee field in Ghana, three sources close to the matter said on Tuesday.
The Merritt Parkway in Connecticut joins a monastery in Bhutan, a church in Chile and a British dockyard among 93 irreplaceable sites at risk from vandalism, neglect, conflict or disaster, the World Monuments Fund said on Tuesday.
British comedian Matt Lucas has pulled out of a West End play after his ex-partner killed himself, reportedly hours after posting a message on Facebook saying Kevin McGee thinks that death is much better than life.
Oil prices rose more than $1 to above $71 per barrel on Tuesday, helped by a fall in the U.S. dollar after a report Gulf Arab states were in talks to replace the greenback with a basket of currencies in oil trading.
Britain's leading share index rose 0.5 percent early on Tuesday, drawing strength from a rebound on Wall Street overnight, with gains in banks and miners offsetting weakness in defensive telecoms and pharmaceuticals.
The dollar fell across the board on Tuesday while world stocks rose after Australia became the first developed economy to raise interest rates in more than a year and data showed the U.S. services sector expanded for the first time since 2008.
Gulf Arab oil exporters will stay with the dollar as the currency for trading crude, a source in the United Arab Emirates central bank said on Tuesday.
Australia's central bank raised its key cash rate by 25 basis points to 3.25 percent on Tuesday and heralded more to come, saying it was safe to row-back on stimulus now that the worst danger for the economy had passed.
Australia's central bank raised its key cash rate by 25 basis points to 3.25 percent on Tuesday and heralded more to come, saying it was safe to row-back on stimulus now that the worst danger for the economy had passed.
South Korean and Indian shares fell on Tuesday after Australia's interest rate hike showed that stronger Asian economies were starting to reverse emergency stimulus policies, hitting markets seen as likely to lift rates.
A newspaper report that Gulf Arab states are in secret talks to replace the U.S. dollar in the trading of oil is wrong, Saudi Arabia's central bank chief said on Tuesday.
