The Aussie dollar rallied during yesterday's Asian session on the back of an increase in demand for high yielders led by a surge in the Kiwi dollar.
U.S. President Barack Obama said he and Russian President Dmitry Medvedev agreed on Wednesday that serious additional sanctions must be considered if Iran does not respond to proposals to end a nuclear standoff.
China offered some support on Wednesday to U.S. plans to build a more balanced global economy, as world leaders seek to agree ways to nurture a tentative recovery and prevent future crises.
Muammar Gaddafi, in his first address to the United Nations in 40 years as Libya's autocratic ruler, on Wednesday accused major powers on the Security Council of betraying the principles of the U.N. charter.
A blockbuster sci-fi movie which caricatures Nigerians as gangsters and cannibals and a Sony PlayStation advert which implies they are fraudsters have infuriated a government battling to improve the country's image.
U.S. fund manager BlackRock gained European Union regulatory approval on Wednesday for its acquisition of a Barclays investment unit for $13.5 billion in cash and shares.
The European Union unveiled its blueprint for an overhaul of the way banks and financial markets are policed, a central plank in new rules designed to prevent a repeat of the global economic crisis.
Cancer is a bigger killer in developing countries than tuberculosis, malaria and AIDS combined and a tsunami of the disease threatens to overwhelm the nations worst equipped to cope, experts said Tuesday.
The European Union unveiled its blueprint on Wednesday for an overhaul of the way banks and financial markets are policed, a central plank to new rules designed to prevent a repeat of the global economic crisis.
India's prime minister called on Group of 20 nations on Wednesday to send a strong warning against protectionism this week as world leaders seek to shore up a tentative global recovery and prevent future economic crises.
Leaders from some of the largest Western powers rallied support Tuesday behind a U.S. plan to build a more balanced global economy and warned against returning to business as usual once recovery takes hold.
The Aussie dollar roared higher yesterday having rallied almost 2% from its lows below 86 cents on Monday. Despite no local economic data released demand for the relatively high yielding AUD resurfaced following some better than expected data from across the Tasman. The New Zealand economic data saw Asian investors scramble to purchase both NZD and AUD against the Greenback, a theme that continued into early European trade. This morning sees the AUD open trade around its highs at 0.8730 having o...
Support grew on Tuesday for a U.S. plan to build a more balanced global economy and leaders warned against returning to business as usual once recovery takes hold.
In a pinstripe suit, silk tie and polished shoes, David Rowe has all the trappings of a successful London city worker, except for one stark difference -- he is wearing a sandwich board that says JOB WANTED.
Documents and personal letters from world leaders provide a glimpse of the back drop to key historical events and a new exhibit highlights several from the defining event of the 20th century -- World War Two.
British Prime Minister Gordon Brown said on Tuesday there was substantial support among the Group of 20 nations for creating a new framework to tackle global economic imbalances.
Kraft and Cadbury CEOs are meeting their investors to seek support in a bid battle after the British confectioner asked the UK Takeover Panel to set a time limit to Kraft's 9.8 billion pound ($16 billion) offer.
While UK drivers with sleep apnea are required to inform the Driver Vehicle and Licensing Agency (DVLA) of their diagnosis, they often fail to do so, according to research released at the 2009
Influenza can help trigger heart attacks and may account for a 35 percent to 50 percent rise in heart attack deaths during flu season, British researchers reported on Monday.
J.M.W. Turner is widely accepted as one of Britain's greatest painters. A new exhibition shows he was also one of its most competitive.
World stocks climbed and the dollar fell on Tuesday ahead of the Federal Reserve's two-day policy meeting, with investors' search for higher returns reflected in the New Zealand dollar's surge to 13-month highs.
The Aussie dollar began the week on a softer note drifting lower in Asia from its early morning high around 0.8680 eventually testing support at 86 cents in early offshore trade. A move out of riskier assets heading into the FOMC meeting and a pullback in commodity prices weighed on the AUD which reached an eventual low around 0.8590. North American pared back some of the losses to push the Aussie dollar back to this morning's open around 0.8630 against the Greenback.
