Australia dlr slips as RBA sounds relaxed, NZ$ follows

By Wayne Cole and Charlotte Greenfield SYDNEY/WELLINGTON, Oct 3 : The Australian dollar slipped to three-month lows on Tuesday after the country’s central bank held rates steady as expected and cautioned that a higher currency would drag on the economy and inflation. The Aussie was down 0.4 percent at $0.7793 against a broadly firmer U.S. […]

Australia to fit warships with anti-missile defence systems

By Colin Packham SYDNEY, Oct 3 : Australian Prime Minister Malcolm Turnbull said on Tuesday nine war ships set for construction in 2020 will be fitted with long-range anti-missile defence systems to counter the threat of rogue nations. Australia’s proposed frigates will use Aegis combat systems, produced by Lockheed Martin, in conjunction with SAAB Australia […]

Australia shares up on positive China data, Beach Energy; NZ flat

By Susan Mathew Undated, Oct 2 : Australian shares rose on Monday as strong leads from Wall Street in its previous session and positive factory data from China over the weekend boosted sentiment overall sentiment. The S&P/ASX 200 index rose 66.99 points, or 1.2 percent, to 5,747 by 0053 GMT, its biggest intraday gain since […]

Courting Chinese, Australian realtors hope new rules don’t spoil Golden Week

By Alison Bevege SYDNEY, Oct 1 : Australia’s real estate industry is hoping recent rule changes for foreign buyers haven’t dimmed Chinese appetites too much, as they eagerly awaited an influx of big-spending tourists during China’s Golden Week holiday beginning on Sunday. Chinese vacationers, six million of whom traveled overseas during last year’s Golden Week, […]

Australia, NZ dlrs retreat from US rate hike risk

By Wayne Cole SYDNEY/WELLINGTON, Sept 27 : The Australian dollar wallowed near six-week lows on Wednesday as the ever-mounting risk of a December rate rise from the Federal Reserve gave a lift to its U.S. counterpart. The Aussie dollar had settled at $0.7867, having sunk 0.6 percent overnight from $0.7936. That left it uncomfortably close […]