Australian economy


The News Wrap: RBA says slower economic growth the norm

7:16AM | Thursday, 4 July 2013 |  Reserve Bank of Australia governor Glenn Stevens says slower economic growth is likely to be the norm. Stevens has also warned both major parties to maintain their commitments to returning the budget to surplus. Elsewhere, retail sales figures show Australian shoppers are keeping their wallets shut, and China is casting an eye over distressed assets in the mining sector.

The News Wrap: Treasurer warns economic outlook uncertain

7:22AM | Wednesday, 3 July 2013 |  Treasurer Chris Bowen has warned that Australia faces an uncertain economic outlook as the mining boom turns from the investment phase to the production phase. Elsewhere, Australian shares enjoyed their biggest one day gain in nearly two years, and data in the US points to a pick-up in its economy.

Capitalise on a collapse

6:00AM | Monday, 18 June 2012 |  While I know the Taskmaster could stand accused of being ghoulish with this tip, here it is: If a collapse happens in your sector, you must look for ways to capitalise on it.

Services sector tipped to lead recruitment in 2012

12:08PM | Tuesday, 13 December 2011 |  Less than a quarter of Australian employers expect to increase hiring in the first quarter of 2012, a report reveals. Employers in the services sector are more confident that those in mining.

Business conditions improve despite Euro crisis

12:43PM | Tuesday, 13 December 2011 |  Business conditions improved slightly in November, according to NAB’s Monthly Business Survey, while business confidence was unchanged despite the ongoing European debt crisis.

Stocks plummet as top Aussie entrepreneurs lose out

8:12PM | Monday, 8 August 2011 |  Some of Australia's richest entrepreneurs saw their wealth shrink as stocks tumbled by 2.9% at home, while Wall Street slumped by 6%.

Tax breaks on the agenda for October forum

7:44PM | Friday, 29 July 2011 |  Tax breaks and personal tax changes are on the cards for October’s tax forum, but not all industry groups are happy about how the summit is being handled or who is invited.

THE NEWS WRAP: Former Opes Prime boss Laurie Emini pleads guilty

7:08AM | Tuesday, 19 July 2011 |  Laurie Emini, former boss of collapsed stock broking firm Opes Prime, has pleaded guilty to three counts relating to his role in the downfall.

Late 2011 rate hike predicted as RBA holds steady

4:00AM | Wednesday, 6 April 2011 |  Economists have predicted an interest rate hike for later this year following the Reserve Bank’s decision to freeze the cash rate at 4.75% for the fifth consecutive month.

Unions push for further pay rises

3:22PM | Friday, 18 March 2011 |  Unions will seek a pay rise of $28 a week for the nation’s lowest paid workers along with a 4.2% increase for higher skilled workers.