Although the Reserve Bank of Australia is widely expected to hold the benchmark interest rate at 4.75% in May, the central bank may strike a hawkish tone for future policy as price pressures intensify, and the statement accompanying the rate decision could push the AUD/USD to a fresh record high as currency traders expect to see higher borrowing costs over the coming months.
Archive for April, 2011
April 30th, 2011
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April 29th, 2011
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Consumer and commercial products company Newell Rubbermaid, Inc. (NWL) reported Friday a year-over-year increase in profit for the first quarter, driven by improved gross margin, reduced interest expense and a lower tax rate.
April 29th, 2011
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NextEra Energy Inc. (NEE) on Friday reported a 52 percent drop in profit for the first quarter, reflecting lower revenues and hedging losses. Excluding items, earnings per share were flat with the year-ago period. Looking ahead, the company raised its fiscal year 2011 earnings outlook due to a change in assumption of the estimated useful life for its wind turbine fleet.
