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AUD | Australian Dollar drops on Greece, China concerns

The Australian dollar hovered near a decade high against the struggling euro on Monday as uncertainty over whether Euro member Greece can repay its debts hurt the common currency. The euro was cowering at $1.5328, having sunk from $1.5750 last week to as low as $1.5263. The next key
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Euro May Rally on ‘Extreme’ Bets, Commerzbank Says (Update1)

By Justin Carrigan The difference in the number of wagers by hedge funds and other large speculators on a drop in the euro compared with those on a gain, the net position, was 43,741 on Feb. 2, compared with 39,539 a week earlier, data from the Washington- based Commodity Futures
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Euro May Recover on ‘Extreme Positioning,’ Commerzbank Says

By Justin Carrigan “Without any new horror news from the peripheral countries the downtrend can continue only in small steps at best,” said Ulrich Leuchtmann, head of currency strategy in Frankfurt. “If one does not expect any renewed qualitatively bad news, one has to conced
e that
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Democrats May Split Up Health Bill to Smooth Passage (Update1) - Bloomberg.com

House Speaker Nancy Pelosi said the Democrats lack the votes in her chamber to approve the Senate’s bill as is, killing the best chance for quick passage of President Barack Obama’s top domestic priority. The party has had to regroup after the loss of a special Senate electio
n in
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Airbus Posts Record Deliveries, Sees Risks From A380 (Update2) - Bloomberg.com

The Toulouse, France-based planemaker delivered 498 jets in 2009 and won 271 orders, Chief Executive Officer Tom Enders said in Seville, Spain, today. Chicago-based Boeing, leapfrogged by Airbus in 2003, finished with 481 deliveries and 142 orders. The record deliveries contrast with the
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Airbus Achieves Deliveries, Sees Challenge From A380 (Update1) - Bloomberg.com

The Toulouse, France-based planemaker delivered 498 jets in 2009 and won 271 plane orders, Chief Executive Officer Tom Enders told journalists in Seville, Spain, today. Chicago-based Boeing, which was leapfrogged by Airbus in 2003, finished with 481 deliveries and 142 orders. The record
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Airbus Tops Boeing Deliveries, Calls A380 ‘Financial Liability’ - Bloomberg.com

The Toulouse, France-based planemaker delivered 498 jets in 2009 and won 271 plane orders, Chief Executive Officer Tom Enders told journalists in Seville, Spain, today. Chicago-based Boeing, which was leapfrogged by Airbus in 2003, finished with 481 deliveries and 142 orders. The record
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Malaysia’s Central Bank Sees ‘Manageable’ Inflation, CIMB Says - Bloomberg.com

“Bank Negara Malaysia’s governor indicated that the conduct of monetary policy will take into consideration the following two key barometers: that the economic recovery is fundamentally in place, and the sustained revival of private investment,” CIMB, part of Malaysia’s second-la
rgest...
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Westpac defies Treasurer, raises more than Reserve - Yahoo!7 Finance News

Tuesday December 1, 2009, 4:00 pm Westpac has increased its standard mortgage rate by 0.45 percentage points, defying calls from the Federal Treasurer to limit increases to the Reserve Bank's 25 basis point rise. The standard variable mortgage rate with Westpac will now rise to...

German Investor Confidence Drops on Weaker Outlook (Update2) - Bloomberg.com

Nov. 10 (Bloomberg) -- German investor confidence declined more than economists forecast in November as the prospect of expiring government stimulus programs and rising unemployment tempered expectations for economic growth. The benchmark DAX share index has eased 3.5 percent in the...
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Banking analyst says Macquarie Group"s share price unlikely to reach past highs | Business Breaking News | News.com.au

Axiome Equities' Brett Le Mesurier said the "Macquarie model", built on infrastructure investments during the credit boom, is disappearing, and with it the prospect that shareholders will see stocks hit the highs of the past. "The days of the almost $100 share price are obviously a long way...
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Work ethic 'lost' in Aboriginal lands

Uniting Care Wesley says people on the far north Aboriginal Lands are losing their work ethic because of a decision to take away some work for the dole projects.