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Australia budget to focus on jobs, economic growth

Sydney / Bloomberg The Australian government is focusing on boosting jobs and economic growth as it prepares for the annual budget, which is still scheduled to be delivered on May 10, according to Cabinet Secretary Arthur Sinodinos. “The overriding objective is how do various government policies contribute to higher jobs and growth, in other words how do we continue to ...

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Rising gold price in Singapore helps burnish mining stocks

Singapore / DPA The surging gold price has lifted gold mining stocks in Singapore. The precious metal has jumped almost 20 per cent in price since the end of last year to trade above US$1,250 per ounce in recent weeks. Of the three gold miners listed on the Singapore Exchange, two have bucked the bearish tide across the wider market ...

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Corporates in line for ECB funding

Paris / AFP The European Central Bank’s plan to buy corporate bonds to help the eurozone economy is boosting the private-sector debt market which promptly responded with a new record-sized company bond. With interest rates near or below zero and few other monetary policy tools left in its arsenal, the ECB announced earlier this month that it would begin buying ...

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