Asian stocks rose, snapping seven straight weeks of decline, as Australian banks, seen by some investors as a refuge amid Europe’s sovereign debt crisis, advanced, and Japanese automakers rallied.
BusinessWeek.com — Finance
Japanese and Australian stock futures rose on expectations European finance chiefs will reach agreement on an aid payment to Greece and after a report signaled U.S. economic growth may pick up by the end of this year.
BusinessWeek.com — Finance
Natural disasters in Australia probably cut more than 1 percentage point from economic growth in the first quarter, Treasurer Wayne Swan said ahead of a government report this week on gross domestic product.
BusinessWeek.com — Finance
Australian home loan delinquencies jumped to the highest on record in the first quarter, driven by Christmas spending, a November interest rate increase, and recent natural disasters, Fitch Ratings said.
BusinessWeek.com — Finance
Australia awarded an operating license to Chi-X Australia Pty, opening the Asia-Pacific’s fourth- largest equity market to competition from foreign-owned exchanges for the first time.
BusinessWeek.com — Finance
Australian house prices declined more than economists forecast in the three months through March, the second drop in the past three quarters, as higher borrowing costs curbed demand.
BusinessWeek.com — Finance
Australian employers added more workers than economists forecast in March, led by hiring in the mineral- and energy-rich states of Western Australia and Queensland and sending the local currency to a record.
BusinessWeek.com — Finance
Goldman Sachs Group Inc. said it plans to buy the remaining 55 percent of its Australia and New Zealand business ending eight years of local control.
BusinessWeek.com — Finance
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