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Australian companies in the third quarter of 2018 reduced the volume of capital investments relative to the same period in 2017 by 0.5%, according to the statistics agency of Australian Bureau of Statistics. The decline was a surprise for experts who had expected it to grow by 1%. At the same time, according to forecasts, the volume of investments for the fiscal year ending March 31, 2019, will show significant growth and reach 114 billion 100 million Australian dollars. The index score increased by 11.3%, noting the maximum increase over the past 19 years. Among the Australian companies that have significantly raised their investment plans, is mining company Rio Tinto, which announced that it intends to invest 2,600 million US dollars in the development of the field in Western Australia.
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
The dollar fell again on Tuesday as the U.S. economy drops into stagnation, while investors await the latest outlook from the Federal Reserve and the passage of the U.S. coronavirus fiscal stimulus. The dollar’s decline lifted gold prices ...
Australia had seen its employment rate dropping 1.1% between mid-June and mid-July, weekly data showed on Tuesday. In addition to this, the southeastern state of Victoria recorded the sharpest plunge in employment as the state suffers from ...
China's diesel exports for June fell by 50% year-on-year, a record low since September 2018 as lockdown measures around the world continued to curb fuel demand. China exported has 1.04 million tons of diesel, compared to the 1.45 million and ...
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