Australia, China PMI To Dominate Week In Asia
Australian economic data and reports of Chinese factory activity will likely influence the mood in Asian markets this week as traders position themselves for July. … Read News
RBA Doves Cry Anew As Fed Hawks Seen Circling: Australia Credit
Glenn Stevens, governor of the Reserve Bank of Australia, is grappling with how much a record-low 2.5 percent cash rate will offset a drop in mining investment and a tighter budget, particularly as the currency provides less assistance to rebalancing economic growth. … Read News
BHP Eyeing More Iron Ore Mining Jobs Cuts In Australia
By James Regan SYDNEY (Reuters) – BHP Billiton is looking at more job cuts at its flagship Australian iron ore division as a way to reduce costs, as ore prices slump and pressure mounts to rein in spending. The possibility of more cuts comes as thousands of jobs in Australia's once-booming mining sector disappear in response to cooling demand growth, mainly from China, for imported industrial … Read News