Another issue, which came out of the response to the 2008-2009 global financial
crisis , will be the how fiscal and monetary policies interact, according to a
paper presented to the Reserve Bank of Australia 's (RBA) 50th anniversary
symposium in Sydney on Tuesday. Considerable
The Australian dollar edged cautiously higher on Tuesday as recent tensions
over sovereign debt in the euro zone seemed to ease. Traders said there were
hopes the EU could make progress on the debt troubles of Greece, Portugal and
Spain at a meeting of government heads on
* Asian shares escape worst of Wall Street selloff SYDNEY, Feb 9 (Reuters) -
The Australian dollar edged cautiously higher on Tuesday as recent tensions
over sovereign debt in the euro zone seemed to ease. Traders said there were
hopes the EU could make progress on the debt troubles of
AAP Ensuring the stability of the financial system, and the role of monetary
policy, will be one of the major challenges in this decade and beyond,
Australia's central bank officials say. Another issue, which came out of the
response to the 2008-2009 global financial crisis, will be
Most Asian stocks fell, led by banks and material companies, amid mounting
concern budget deficits in Europe will derail the global economic recovery.
Macquarie Group, Australia's largest investment bank, slumped 6.2 per cent
after its second-half profit forecast disappointed some
Feb. 9 (Bloomberg) -- Most Asian stocks fell, led by banks and material
companies, amid mounting concern budget deficits in Europe will derail the
global economic recovery. About five stocks declined for every three that rose
on the MSCI Asia Pacific Index , which fell 0.2 percent to
European Central Bank President Jean-Claude Trichet is leaving a meeting of
central bankers in Sydney early to attend an ECB council meeting, an official
at the Reserve Bank of Australia said today. It was not known if the ECB
meeting was a scheduled event or an extraordinary meeting.
Feb. 9 (Bloomberg) -- Most Asian stocks fell, led by banks and material
companies, amid mounting concern budget deficits in Europe will derail the
global economic recovery. About five stocks declined for every three that rose
on the MSCI Asia Pacific Index , which fell 0.2 percent to 113.94
Feb. 9 (Bloomberg) -- Australian stocks and Japan’s futures declined on renewed
concern ballooning budget deficits will worsen Europe’s economy. “Investors are
concerned budget deficits will trigger a slowdown in Europe’s economy and that
will spread worldwide,” said Fumiyuki
There were rumours last week that the European Central Bank would hold an
extraordinary meeting to discuss sovereign debt problems in some euro zone
countries. But it is not known whether the meeting Mr Trichet is leaving for is
a scheduled meeting or an extraordinary event. Mr Trichet was
AAP Ensuring the stability of the financial system, and the role of monetary
policy, will be one of the major challenges in this decade and beyond,
Australia's central bank officials say. Another issue, which came out of the
response to the 2008-2009 global financial crisis, will be
