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Benzinga Market Primer, Tuesday October 2
Tuesday, October 2, 2012 - 6:09am | 900U.S. equity futures rose in early Tuesday trading as the Royal Bank of Australia somewhat surprisingly eased policy overnight and peripheral pressures in Europe continued to subside. The Royal Bank of Australia overnight cut its benchmark interest rate 25 basis points to 3.25 percent, warning that...
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Chinese Growth, Australian Resource Boom Fading, Looking for the Next Growth Markets
Thursday, September 20, 2012 - 10:16am | 522As Chinese growth continues to sputter, evidenced by the weak manufacturing data overnight and the Australian resource boom begins to fade, investors need to look for the next emerging markets that will draw both foreign direct investment and maintain a stable, open economy. Indonesia and Singapore...
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Benzinga Market Primer, Tuesday August 7
Tuesday, August 7, 2012 - 7:01am | 734U.S. equity futures continued a steady march higher early Tuesday as Royal Bank of Australia Governor Glenn Stevens made positive comments on the U.S. economy, citing that most global weakness stems from Asia. Futures rose in the U.S. despite weak Italian economic data including industrial...
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Euro Crisis Watch: The Week Ahead
Friday, August 3, 2012 - 1:50pm | 424The past week was a busy one for the Eurozone, with rate decisions, policy inaction and lots of economic data marking a tumultuous week in markets. The week beginning August 6 should continue to have all eyes focused on Europe as Spain edges closer to a full sovereign bailout and the ECB primes the...
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ECB, BoC, RBA, Fed: Central Bank Watch 2.0, Predicting More Twist
Wednesday, June 6, 2012 - 9:54am | 935On Monday, I highlighted that this week was was full of central bank activity, with speeches from officials and rate decisions around the world. So far, the Bank of Canada, the Royal Bank of Australia, and the European Central Bank have all reported, so let us recap the decisions there. Also, many...
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Corruption Down Under? RBA Holds Rates
Tuesday, June 7, 2011 - 11:44am | 465The Reserve Bank of Australia decided to hold interest rates at their present levels on Tuesday, Bloomberg reported. The bank's governor, Glenn Stevens, justified the rate halt on declining investment expectations for Australian industries outside of energy and mining. The RBA's position may prove...
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The U.S. Would Love to Have Australia's Problems
Friday, June 3, 2011 - 5:09pm | 343Australia is facing the threat of inflation, as demand for the products the country mines has revved up the economy. Australia's currency is already up significantly this year, having appreciated 26% against the U.S. dollar, according to Bloomberg. The Reserve Bank of Australia has declined to...