Author: Christopher Cachia

THE Federal Treasurer, Wayne Swan has warned that the economic crisis is flowing through to developing economies much faster and more brutally than expected - including Australia's major trading partners. Mr Swan emerged from a weekend meeting in Washington of the G20, a group that includes...

THE Australian dollar has opened firmer after the federal government's guarantee to cover all bank deposits for three years lifted investor confidence about the country's banks. At 0700 AEDT, the Australian dollar was trading at $US0.6674/82, up from Friday's close of $US0.6591/99. During the weekend offshore session,...

Resource analysts say they're not surprised Chinese steel makers have asked for slowdowns in iron ore deliveries. Several manufacturers have asked Mount Gibson Iron, Australia's fourth largest ore producer, to delay shipments next year, as the industry slows down in the face of the global financial...

THE dollar has opened lower for the 12th consecutive local session after dropping to a five-year low overnight as the bleak global economic outlook caused investors to abandon the high-yielding currency. The dollar touched a five-year low of $US0.6454 during the overnight session, but recovered slightly...

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