The Australian | Business | Markets

Dollar makes slight gain

Wed, 16 May 2012 21:23:30 GMT

THE Australian dollar has moved back above 99 US cents despite a continuing slump in global stock markets.

Commodities hit by global panic

Wed, 16 May 2012 21:10:22 GMT

Commodities were slammed overnight as investors rushed into US dollars and bonds and US oil inventories hit a 22-year high.

Dow slumps to four-month low

Wed, 16 May 2012 20:45:46 GMT

AMERICA'S blue-chip index fell for a fourth straight session as Greece's political turmoil extended the recent stock slide.

$30bn shares slump over Greece

Wed, 16 May 2012 14:00:00 GMT

MORE than $30 billion was wiped off the Australian stockmarket in the biggest one-day sell-off since December.

Battered mining stocks fall in a hole

Wed, 16 May 2012 14:00:00 GMT

MINING stocks continue to be punished by investors on growing fears of a slowdown in China.

Shares tumble on Greek troubles

Wed, 16 May 2012 14:00:00 GMT

THE Australian sharemarket yesterday suffered its biggest fall this year as fears of Greece exiting the eurozone grew after the nation's president failed to form a unity government, amid growing anti-austerity sentiment in Europe.

Global gloom slams shares

Wed, 16 May 2012 14:00:00 GMT

AUSTRALIAN share prices suffered their biggest one-day fall since December, wiping $30 billion off the value of stocks.

European woes drive dollar below US99c

Wed, 16 May 2012 14:00:00 GMT

THE dollar ended below US99c yesterday for the first time since December after Greece failed to form a coalition government.

Dollar falls below US99c

Wed, 16 May 2012 07:43:37 GMT

THE Australian dollar ended below US99 cents for the first time since December 2011 as Greece and China hammered confidence.

Stocks plunge in regional rout

Wed, 16 May 2012 06:26:46 GMT

SHARES suffered their worst drop so far this year, falling 2.4pc as fear gripped regional markets, and the dollar fell below US99c.