The US dollar declined the most in almost four months against the euro and dropped versus the Japanese yen last week on speculation the housing market will drag down the US economy.
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AUSTRALIAN stocks were higher at noon as news of a proposed takeover of Bendigo Bank by rival Bank of Queensland pushed up other regional lenders.
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The Australian share market has opened flat after a weak lead from Wall St on Friday and record metals prices, which are expected to boost the mining sector.
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The anxiety level on Wall Street may escalate this week with housing sector indicators due and a Federal Reserve meeting that most agree will end with no change in short-term interest rates.
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An investment-fund manager suspected of stealing $28 million from investors has appeared in federal court to face criminal charges.
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Q: I want to give shares of stock to a Catholic school. The stock is trading at about $100, but I bought it a long time ago for about $15. Is my deduction the present price or the purchase price of the stock? …
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Who says market forecasters never get it right? As a new decade dawned after the soaring 1990s, many a sage warned that all classes of financial assets were heading into a prolonged era of low returns.
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