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Australian dollar.

$A boosted by upbeat China data

Better-than-expected building approvals data and Chinese manufacturing figures have given the Australian dollar a boost.

The Australian Industry Group's gloomy performance of manufacturing index shows the sector is still struggling.

Manufacturing sector continues to shrink

Tim Binsted

The nation's manufacturing sector has shrunk for the fourth straight month despite the dramatic devaluation of the Australian dollar as political uncertainty and weak business investment weigh on activity.

Europe's shared currency lost 11 per cent since the start of the year, dragged lower by Greece's fiscal crisis.

Euro posts worst quarter on record

Lananh Nguyen and Rachel Evans

The euro posted its biggest quarterly slide versus the dollar since its inception as Greece struggled to avert a default.


Last updated:
United States Dollar
0.7642 0.43%
0.7090 -0.04%
British Pound
0.5141 0.06%

In Depth

Trading Room

How the miners are undermining our wealth

Claude Walker

If these price falls have served any purpose, it’s to remind us of the risks faced by those who invest their retirement savings in mining, oil and gas.


S&P, Nasdaq post ninth-straight quarterly gains

The S&P 500 and Nasdaq registered their ninth straight quarterly rise.

US stocks ended down on Tuesday in a retreat from the previous session's sharp rally as energy shares declined and the dollar edged up, but the S&P 500 and Nasdaq registered their ninth straight quarterly rise.

MYOB to return to ASX in year's largest IPO

Accounting software company MYOB has released a report into what New Zealanders' workplace could look like in 2040.

Three years after outlaying $1.2 billion to acquire accounting software developer MYOB, Bain Capital, is seeking to float the company in a move which will value it at up to $2.7 billion, including debt.

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The Economy


Tough talk needed to curtail giants

In a recent survey, more than 70 per cent of Australians said Coles and Woolworths held too much control in groceries. Less than one in five thought supermarket competition was "healthy".
Julie-Anne Sprague and Sue Mitchell

The Harper review ignores pleas from the nation's biggest supermarket chains to abandon an 'effects test'.

Metcash hoses down tax timebomb talk

Metcash logo
Madeleine Heffernan

Metcash has hosed down suggestions it owes money to the tax office for failing to pay fringe benefits tax on the "overseas study tours" taken by its employees.

Banking & Finance

CBA to sell Albert device to global banks

CBA customers will be able to use Albert, a wireless, 7-inch Android tablet with touchscreen that has been developed in association with German banking tech giant Wincor Nixdorf.
James Eyers

Commonwealth Bank of Australia expects tens of thousands of its new Albert point-of-sale devices to appear in Australian restaurants, cafes and retail stores, changing the way we pay and gathering richer data.

Mining & Resources

Coal mine could hurt endangered finch

Black-throated finch.

Plans to build coal mine in central Queensland would wipe out the habitat of the world's most significant population of an endangered finch.

World Business

McDonald's will test breakfast all day in US

McDonald's is hoping all-day McMuffins will help boost sales.
Craig Giammona

McDonald's will experiment with serving breakfast all day at some San Diego-area locations as Chief Executive Officer Steve Easterbrook seeks to pull the restaurant chain out of a US sales slump.

Vinter to fight ice with firepower

'Storms destroyed 70 percent of our grapes in 2008 and 2009. Each of those years, we produced less than 6,000 cases of wine,' says managing director Emmanuel Cruse.
Elin McCoy

After golf ball-sized hailstones battered vines in the Bordeaux area, managing director Emmanuel Cruse is pulling out the big guns.


The Aussie company eyeing China's solar market

RayGen believes it can crack the Chinese market with its solar technology.
Angela Macdonald-Smith

Victorian solar power developer RayGen will on Friday host giant renewable energy producer China Three Gorges Corporation at the opening of its pilot plant west of Bendigo.

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Small Business

Business Video

Germanwings crash puts aviation under spotlight

As French investigators search for clues as to why Germanwings flight 4U9525 crashed, killing all 150 on board, there's a lot at stake for the companies involved.