Australian dollar - News, Features, and Slideshows

News

• Worldwide Entertainment enters administration

  Media distribution company Worldwide Entertainment (ASX:WWG) has placed an operating subsidiary into administration due to the impact of the strong AUD on revenue and cashflow

• ISS says pre-tax loss grew to $940k in Q3

  Industrial software company ISS (ASX:ISS) expects sales to pick up in Q4, after a decline in revenue led to a wider pre-tax loss of $940k in the third quarter

• OneSteel cuts profit guidance for FY11

  Steel and steel raw materials company OneSteel (ASX:OST) has disclosed it expects the strong AUD and impacts on production to shave $38m from the profit it was forecasting for FY11

• Buyout offer for Powerlan units reduced

  The offer for two of Powerlan's (ASX:PWR) three operating units has been cut by $400,000 due largely to the strong AUD, but Powerlan is still provisionally backing the $8.4m deal

• Redflex gets raised takeover bid

  Macquarie Capital and the Carlyle Group have raised their joint bid for traffic camera company Redflex (ASX:RDF) and modified terms that would have lowered the offer due to the strong AUD

• ANZ 1H profit grows 38%

  ANZ (ASX:ANZ) said its March-half profit grew 38% y-o-y despite a “challenging” operating environment brought on by cautious spending and the strong Australian dollar

• AUD hits record high again on CPI rise

  The ABS on Wednesday revealed that the CPI grew 1.6% sequentially in Q3 - a five-year record for the March quarter - sending the AUD climbing to a new record high against the greenback

• Aust market up for fifth straight session

  The Australian stock market ended stronger on Friday for its fifth straight session, while the AUD gained against the greenback

• Stock market in recovery but AUD slumps

  The stock market on Wednesday showed signs of recovering from a recent run of declines, but the Australian dollar fell to its lowest point since January

• Strong Aussie dollar makes case for IT employees seeking salary increases

  The strong Aussie dollar combined with rising job numbers and an emerging skills shortage is placing pressure on IT managers to increase employee salaries, according to one recruitment firm.
  

• Aus stocks end flat on interest rate hike

  The market reacted with hesitation to the RBA's 25-point rise in interest rates today, resulting in a relatively flat day's trade

• All Ords takes another beating on mining tax fears

  The All Ordinaries fell by over 30 points for the second time this week, on fresh fears over mining taxes, according to ComSec

• Local stocks flat on signs of weak US trading

  Australian stocks closed relatively flat today, with the All Ordinaries growing 3.9 points but failing to make up yesterday's 34-point decline

• $A hits 28-year high while XAO declines

  The Australian dollar fell just shy of reaching parity with the Greenback overnight, even while the all ordinaries index declined

• Aussie stocks fall from five-month high

  Australian stocks across multiple sectors eased back from five-months highs in today's trading, according to CommSec