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Category: Business Tags:
Bernanke may nod to weaker outlook, omit details (Reuters)
Reuters - Federal Reserve Chairman Ben Bernanke will have to address a number of pressing issues in a speech on Friday as investors search for more clarity on how close the U.S. central bank might be to another asset-buying spree to support the flagging recovery.
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Dollar moves narrowly ahead of Bernanke speech (AFP)
AFP - The dollar was range-bound against other currencies in Asia on Friday ahead of a speech from Federal Reserve chairman Ben Bernanke and amid worries over the world's top economy, dealers said.
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Boeing pushes back 787 Dreamliner first delivery date
The delivery date revision of the long-delayed carbon-composite Dreamliner follows an assessment of the availability of an engine needed for the final phases of flight test this fall, Boeing said.
Read more »Abacus Property recovers to profit
Abacus Property Group recovers to a full year profit as the effects of the global financial crisis ease.
Read more »Data shows Sydney rental vacancies rise
Sydney rentals have risen but the overall rate in the city has remained almost the same over a year.
Read more »U.S. growth seen revised down on imports and inventories (Reuters)
Reuters - U.S. economic growth likely was much weaker than initially thought between April and June, hurt by surging imports and as rebuilding of business inventories softened, a government report is expected to show on Friday.
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Mexico cracks down on money laundering
Mexican President introduces measures to crack down on money laundering by organized crime syndicates, including a sharp limit on cash transactions.
Read more »Asian shares sluggish on US nervousness, Japan woes (AFP)
AFP - Asian stock markets were sluggish on Friday following a lacklustre session on Wall Street and mixed economic data from Japan.
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Lihir records H1 profit
Rising prices have helped miner Lihir Gold report a first half profit of $US87.1 million.
Read more »Toyota recalls 1.13m Corollas
Japanese automaker Toyota has announced the recall of 1.13 million of its popular Corolla vehicles in North America due to an engine fault.
Read more »AP ENTERPRISE: Oil cleanup both bonanza and bust (AP)
AP - The Gulf oil spill is a bonanza for some and a bust for others.
Read more »Category: Economics Tags:
All eyes on Fed chief as US economy slows (AFP)
AFP - Federal Reserve chief Ben Bernanke will offer a fresh assessment Friday of the weakening US economy as the government is expected to slash nearly half of projected growth for the second quarter.
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Jobs crisis heightens foreclosure risk
The jobs crisis is putting more Americans at risk of losing their homes.
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Harvey Norman posts profit rise
Harvey Norman Holdings has posted an eight per cent rise in annual profit, and expects a poitive year ahead.
Read more »UGL win $600m Singapore Hub contract
UGL Ltd says it has finalised a $600 million partnership with Singapore Sports Council.
Read more »Japan's jobless rate falls, but deflation persists (AP)
AP - Japan's government released a mixed bag of economic indicators Friday that did little to inspire confidence in the country's fragile recovery.
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Snapshot of economy about to get a lot bleaker (AP)
AP - The government is about to confirm what many people have felt for some time: The economy barely has a pulse.
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Dollar loses ground against key currencies (AFP)
AFP - The dollar fell back against most key currencies on Thursday as traders braced for more negative US economic data.
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Sims warns of weak scrap flows
The world's largest scrap metal recycler Sims Metal has recovered to a full year profit.
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