FOREX-Euro rallies after EU package; uncertainty lingers
The euro rallied from last week's 14-month low against the dollar on Monday after European Union leaders agreed on an emergency loan package to prevent Greek's debt crisis from spreading through the region. The package, which with IMF support may reach 750 billion euros, along with measures by central banks to address funding strains and a European Central Bank plan to buy the region's government bonds, calmed nerves after contagion fears triggered a global rout in equities and other risky asset...
Shock and awe halts euro market slide for now
A $1 trillion global emergency rescue package to stabilize the euro reversed the slide in world financial markets on Monday but left longer-term questions about whether Europe's weakest economies can manage their debt.
Euro rises, stocks rally on EU crisis plan
The euro rose and Asian stocks jumped on Monday after the European Union and IMF carved out an emergency loan package of up to 750 billion euros ($1 trillion) to keep Greece's debt crisis from spreading through the euro zone.
Oil recovers in Asia on Greek aid pack consent
Global oil prices advanced in Asian trade Monday mainly on IMF's aid pack approval for Greece, that might boost energy demand. Light sweet crude for June delivery was seen trading at 76.74 a barrel at 11.30 a.m Singapore time while Brent crude was at $ 79.76 a barrel at the same time in London.
Speculation is a bit inherent in Futures market
In a situation when the commodity prices are shooting up and giving sleepless nights to the consumers, it has become a common practice to blame Futures trading for the price-rise in the commodities. Futures trading, which has been a historically followed practice in India, has, in recent times, found so many detractors, who have been arguing intermittently for a ban on futures trading when prices of a particular commodity surpass the realistic levels. However, the Union government does apply m...
Gold dips below $1200 as EU debt crisis easesGold dips below $1200 as EU debt crisis eases
Gold prices eased in Asian trade Monday after Greek aid pack approval by EU eased concerns over debt crisis in the region. Gold for immediate delivery was seen trading at $1195.31 an ounce at 11.30 a.m Singapore time while U.S. June gold futures was at 1200.69 an ounce at the same time.
Forex - Fringe EMU bond yield spreads tighten after EU/IMF deal
The premiums investors demand to buy peripheral euro zone government bonds rather than German benchmarks fell on Monday as safe-haven demand fell after the agreement of a $1 trillion rescue package to shore up confidence in European markets.
EU, IMF stitch together $1 trillion emergency fund
Global policymakers cobbled together an emergency rescue package worth about $1 trillion to stabilize world financial markets and resolve the Greek debt crisis that threatened to sink the euro and unravel euro-zone unity.
Peabody pares bid for Australia's Macarthur Coal
The impact of a proposed tax on mining firms in Australia hit home on Monday as Peabody Energy cut its takeover bid for Macarthur Coal and Xstrata suspended copper exploration work in Queensland, both citing the tax.
EU, IMF agree $1 trillion emergency fund
Global policymakers unleashed an emergency rescue package worth about $1 trillion to stabilize world financial markets and prevent the Greek debt crisis from destroying the euro currency.
U.S. exchanges summoned to DC after market plunge
The heads of leading U.S. stock market operators have been called to Washington for an emergency meeting on Monday, days after a spine-chilling plunge in stock prices continued to perplex U.S. regulators.
Budget for GPs to Hire Nurses
Federal Treasurer Wayne Swan has confirmed plans to introduce reform to the Medicare system in Tuesday's budget.
EU strikes $670 billion crisis deal
The European Union agreed on a 500 billion-euro ($670 billion) emergency fund in the early hours of Monday to protect highly indebted eurozone countries from the wolfpack of financial markets.
New Mothers Being Given Wrong Babies in Hospitals
More than 20 cases have been reported of new mothers being given wrong babies to breastfeed in the past three years.
New Act to Protect Breastfeeding Mothers Against Discrimination
Anyone who discriminates against breastfeeding mothers could face action under proposed changes to the Sex Discrimination Act.
Frayed investors eye skittish stocks
The extreme market volatility of recent days has shaken investors, who still are seeking a clear explanation of what sent U.S. stocks into Thursday's dizzying intraday spiral.
Legal Action Over Hep C Scandal
The Medical Practitioners Board is facing legal action over failing to protect the women, who may have been deliberately infected by a doctor who had the virus at a Melbourne abortion clinic.
Australian dollar outlook 10/5/2010
The volatility in financial markets continued on Friday's trade but thankfully not to the same extent as seen the previously.
OPEC Sec-Gen sees oil oversupply, too early for action
OPEC's Secretary General said on Sunday global oil markets were oversupplied, but it was too early to talk about the producer group taking action to halt the sharp price fall sparked by the euro zone debt crisis.
Wall St Week Ahead: Frayed investors eye skittish stocks
The extreme market volatility of recent days has shaken investors, who still are seeking a clear explanation of what sent U.S. stocks into Thursday's dizzying intraday spiral.
Government’s Budget for Problematic Children Care Delayed
The children care system which the state government has implemented last year in their budget has failed to follow through.
EU to fend off market wolves in Greek crisis
European Union finance ministers on Sunday promised to counter the wolfpack of the financial markets as they sought agreement on a 600 billion euro ($805 billion) plan to keep Greece's debt crisis from spreading.
Daily forex forecast - 10/5/2010
Disappointing Retail Sales data saw the AUD move lower in Asia yesterday falling from 0.9090 to enter offshore exchange hovering on the precipice of the psychological 90 cent level
NYSE, Nasdaq halt bickering, pledge co-operation
The two largest U.S. stock exchange operators, NYSE Euronext and Nasdaq OMX Group, called a truce and issued a joint statement on Sunday, pledging to co-operate with each other and regulators to get to the bottom of last week's dramatic stock market plunge.
Lawmakers fume as market regulators dither
Three days after a chilling plunge in stock prices and no closer to knowing why it happened, U.S. regulators faced pressure on Sunday to put up emergency measures to prevent a repeat of the episode.
Health check for people with mental illness
Following the new data released by SANE Australia revealing 90 per cent of the mentally ill who also suffered from chronic diseases like heart disease and diabetes, the government has been called to bring in a Medicare Benefits Scheme item number to promote health checks by GPs on people with mental illness.
Australian researchers propose drug used for rare inherited disease for diabetes
A drug that has already been used in the treatment of rare hereditary disorders may provide a relief for people with type 2 diabetes, proposed Australian researchers.
Link between opioid prescription and abuse worrying
Experts stated the increase in prescriptions of opioid is correlated with increased habits among drug abusers and also legitimate patients.
Mental patients heavily drugged and isolated
A disturbing government report reveals about 150 people with disabilities in the region of Grampians being controlled by a combination of drugs, sent to solitary confinements and physically restrained at care facilities.
Food can increase cancer risks
Chief executive officer of Cancer Council Australia has supported the findings of the US cancer report calls for the removal of carcinogens and pesticides from food and water, stating more needed to be done to fully understand the issue.
