Author: Australian Business Herald

Weekend Economist: Watch for 2015

By Bill Evans When we last discussed the US yield curve (September 26) markets were pricing in 3 x 25 basis points in rate hikes by the US Federal Reserve by end 2015 and...

US consumer confidence grows further

By Dow Jones newswires According to the Michigan survey, the early October one-year inflation expectations fell to 2. 8 per cent from the final September reading of 3. 0 per cent. The Thomson-Reuters/University of...

Dozens still missing following Himalayan mountain disaster

Search teams in Nepal have used shovels and ice axes to dig through thick snow to rescue hikers trapped for days on a Himalayan pass after blizzards and avalanches killed at least 29 people...

Wall St rises on earnings

By Dow Jones newswires Housing starts increased 6. 3 per cent in September from a month earlier to an annual rate of 1. 017 million units, the Commerce Department said Friday. Building permits rose...

Yellen concerned about US income gap

By AFP “But widening inequality resumed in the recovery, as the stock market rebounded,” Ms Yellen said, noting that “wage growth and the healing of the labour market have been slow, and the increase...

Morgan Stanley income nearly doubles

By AP Morgan Stanley had a large increase in pre-tax income for its institutional securities business, which includes its prime brokerage, trading and investment banking divisions. The segment earned $US1. 2bn in the quarter,...

China's central bank to inject fresh stimulus

By Dow Jones newsires China‘s central bank is planning to inject up to 200 billion yuan ($US32. 8 billion) into about 20 large national and regional banks, according to banking executives briefed on the...

US housing starts lift 6.3% in September

By Dow Jones newswires US home building rebounded in September, suggesting steady job creation and falling interest rates could aid construction late this year. Housing starts rose 6. 3 per cent in September from...

The return of financial markets fear

With no doubt that global goods and financial markets are tightly linked after decades of technology-driven globalisation, economists are wondering if the US recovery is sufficiently muscular to do the rest of the world’s...

Rio chief hits back at Fortescue boss over iron ore production

Mr Power said on Friday morning that Rio and BHP Billiton’s management teams could be at risk if their massive iron ore expansion strategies fail. "Poor investment decisions in the past have inevitably lead...