Posts Tagged ‘australia’
Photographer: Peter Parks/AFP/Getty Images

Australia’s Dollar Fell To Lowest on Iron Prices

by Forex Rooton December 15, 2014 6:29 am BST
The Aussie weakened against most of its 16 major peers after Treasurer Joe Hockey said yesterday the budget deficit is deepening because of the biggest slump in the nation’s terms of trade since records began more than 50 years ago. The yen pared gains after Prime Minister Shinzo Abe’s victory in elections he called to […]

Islamic Finance Attracts Non Muslim Students in Asia

by Forex Rooton August 7, 2014 10:25 am BST
Demand for Shariah Finance training from non-Muslims rose more than fourfold in the past seven years as students seek to enter an industry whose assets are set to double to $3.4 trillion by 2018. Malaysia’s International Centre for Education in Islamic Finance had 2,000 people enrolled on its courses this year, of whom about 14 […]

Sugar Futures Hit Three-Year Lows on Supplies

by Christopher Lemieuxon January 8, 2014 5:06 pm BST
Sugar futures added to 2013 declines after reaching three-year lows made on June 2010. Global sugar production is seen to be increasing, adding to an already over supplied market. Australia, the world’s third-largest sugar producer, may have a harvest in excess of 32 metric tons which is 1.5 metric tons more than the previous season. […]

Australian GDP Lower than Expected, Growth a Problem

by Christopher Lemieuxon December 4, 2013 12:59 am BST
Analysts quickly linked China’s growth with Australia as if Australia is growing. Clearly, the fundamentals show a different story. Third-quarter gross-domestic product prints .6 percent, lower than the .7 percent expectations. Non-dwelling contractions and machinery investment drop. A 12.6 percent decline in non-dwelling construction from three months prior contributed to a 1.3 percent deduction from […]