Australia’s Westpac fined $2.4 million in rate case, fraction of penalty sought

Westpac Banking Corp won vindication of its decision to fight accusations its conduct in handling of a key rate was […]

Dollar extends recovery on post-election relief

The dollar rose on Thursday, pulling further away from 2-1/2 week lows hit on Wednesday, as the market breathed a […]

Aussie, NZ dollars to stick to recent ranges near-term as headwinds persist

Foreign exchange analysts broadly stuck to their predictions for the Australian and New Zealand dollars while expecting a small rebound […]

U.S. political gridlock pushes dollar lower

The dollar slipped across the board on Wednesday as the broadly expected U.S. midterms election results of a split Congress […]

Asian markets fall on profit-taking, while Xi praises globalization

After the best week in years for a number of Asian stock markets — following the worst month in years […]

Euro, emerging markets rebound as investors jump back into risk

The euro rebounded from 2-1/2 month lows on Thursday as currencies hit hard by recent dollar buying roared higher, with […]

Asia stocks retreat broadly Tuesday after strong gains a day earlier

Stocks in Asia fell Tuesday, a day after a China-led rally drove gains for many markets. After two days of […]

Euro wilts before EU decision on Italy budget

The euro fell toward a two-month low on Tuesday before a meeting by the European Commission on Italy’s budget that […]

Australia’s NAB cuts 300 staff over wrongdoing

About 300 staff of National Australia Bank have been fired or left the company as a result of internal investigations […]