Propulsion problems put Australian warships out of action

By Harry Pearl SYDNEY, May 20 : Australia is investigating if problems in the propulsion systems of two 1.5 billion dollar warships built by manufacturers from Spain, Germany and Britain are the result of design flaws. Naval engineers are trying to figure out exactly what is causing the problems onboard the HMAS Adelaide and HMAS […]

Australian shares hit 8-week low on weak banks, Wall Street slump

By Hanna Paul Undated, May 18 : Australian shares fell on Thursday as Westpac Banking Corp traded ex-dividend, posting its worst day in nearly eleven months, while a slump in Wall Street due to the worsening White House turmoil added to the gloom. The S&P/ASX 200 index dropped 1.3 percentage, or 77.2 points to 5,709.8 […]

Australia dlr lifted after surprise jobless rate fall

By Cecile Lefort and Charlotte Greenfield SYDNEY/WELLINGTON, May 18 : The Australian dollar gained on Thursday after the domestic jobless rate fell to a four-month low, supporting the case for a stable interest rate outlook in the near term. The New Zealand dollar steadied near two-week highs. The Australian dollar rose for the seventh session […]

Australian dollar treads water after RBA minutes, NZ dollar firms

By Charlotte Greenfield WELLINGTON, May 16 : The Australian dollar held steady on Tuesday after minutes of the central bank’s policy meeting reiterated views that interest rates will stay at record lows for the foreseeable future. The Aussie stood at $0.7412, off a more than one-week high of $0.7446 touched on Monday. Technical analysts see […]