• Wed
  • Sep 17, 2014
  • Updated: 3:34am

Australian Dollar

Plunge in Asian sales knock Yanion earnings down 87pc

Yanion International, a maker of audio and video products, said interim earnings tumbled 87.6 per cent to $1.26 million for the first six months this year. Turnover dropped 40.4 per cent to $143.5 million as its sales in Asia were hurt by the regional financial turmoil.

Monday, 14 September, 1998, 12:00am

Tonic Industries profits reach record on bigger market share

Audio electronics manufacturer Tonic Industries has announced a 75.78 per cent rise in full-year attributable profit for the 12 months ending March 31, a record for the company. Turnover was up 76.47 per cent to $1.52 billion and earnings per share jumped to 16.7 cents from 10.9 cents.

6 Aug 1998 - 12:00am

High-flyers feel the crunch as demand for executives slumps

Demand for executives has fallen steeply from last summer, a survey shows.

But recruitment of marketing and information technology (IT) executives has bucked the trend, as companies turn up the sales pressure to help them ride out the slump or pour funds into beating the Year 2000 bug.

3 Aug 1998 - 12:00am

Australia turns blind eye to crisis

Australia was able to boast last month it was one of the fastest growing economies in the world, with official figures revealing gross domestic product had jumped 4.9 per cent in the year to March.

9 Jul 1998 - 12:00am

Merrill under fire over raids on aussie

United States broking giant Merrill Lynch found itself in the firing line yesterday amid claims that it provided services to offshore hedge funds in their successful attack on the Australian dollar.

10 Jun 1998 - 12:00am

Yen pares sharp losses

The Japanese yen's dramatic fall against the US dollar appeared to have paused yesterday after profit-takers stepped in and the market sought to correct itself from last week's dollar rally.

7 Apr 1998 - 12:00am

Big gains for Gold Peak

Battery maker Gold Peak Industries (Holdings) says its 57.7 per cent owned Singapore-listed electronics division, GPE Industries, has posted a 48.7 per cent rise in profit to S$10.88 million, or HK$54.98 million, in the six months to September 30.

GPE has achieved satisfactory performance despite keen competition in the car audio export market because of the yen's weakness.

19 Dec 1997 - 12:00am

Strength of currency causes territory exporters to worry

A strong Hong Kong dollar will hit exports as consumers in major trading markets switch to substitutes from low-cost countries, a report by the Hang Seng Bank concludes.

The steep climb of the US dollar - to which the Hong Kong dollar is pegged - will ease local inflationary pressure by cutting the cost of imports.

12 Mar 1997 - 12:00am

Dollar climbs on LDP election win

The results of the Japanese elections have triggered a strong reaction from investors, pushing the US dollar to a fresh 33-month high against the yen and allowing the Nikkei-225 share average to tumble 1.45 per cent.

22 Oct 1996 - 12:00am

Traders cautious before Fed meets

THE US dollar hovered within a narrow range last week, while investors waited for the result of the Federal Reserve Open Markets Committee meeting on Tuesday.

Weaker than expected August Producer Price Index and Consumer Price Index figures the previous week reduced market expectations of a strong rate rise in the US, and the dollar failed to rally further.

22 Sep 1996 - 12:00am