澳洲新闻 (ABC新闻快递) 2016-04-20

（单词翻译）

The Reserve Bank governor Glenn Stevens has warned ultralow interest rates globally are putting retirement¹ savings² at risk. Speaking in New York, Mr. Stevens said record low interest rates are a big problem for savers, and that many stand to be disappointed about the direction of their retirement nest eggs. Mr. Stevens has warned in a world of sluggish³ growth, implicit⁴ promises of retirement incomes were in danger of not being fulfilled.

The Australian share market has pulled back from its early highs this morning as banks sold off. The All Ordinaries Index is managing a gain for around 4% as is the ASX 200 Index. Wall Street edged close to a new record after positive results from blue-chip Johnson & Johnson. The Dow was up 1/3 of a percent, and the S&P 500 Index ended just 2% short of last May’s record high. Spot gold prices are pushing higher in the Asian session after bouncing overnight. And West Texas Crude Oil increased quite substantially in the US. The Australian dollar did hit more than 78 US cents overnight. That has since retreated a little.

BHP Billiton says a cyclone⁵ in Australia and the mine disaster in Brazil have lowered its iron ore production for the first a few month of the year. The miner produces 53 million tons of iron ore globally in the first quarter of 2016, down 10% from a year ago, but BHP Billiton has cut its global iron ore production forecast for the year and it’s Western Australian output estimate.