LATEST NEWS
Stay up to speed with our regular news updates – latest financial and economic news is posted to this page on a regular basis so you know what is happening in the world in relation to your money!
 A further 500 jobs are cut at Holden08 April 2013 Mark Maffia It is car manufacturer Holden’s biggest job cut since the global financial crisis and the first time they have announced in public such a large-scale redundancy for their engineers. For the workers, the announcement came as a total shock. Read More >> |
 IMF Releases World Economic Outlook11 October 2012 18:00 Which Way to Pay The International Monetary Fund downgraded its expectations for growth in the world economy to 3.3% this year down from a 3.5% estimate seen in July. The agency forecasted the global economy will grow by 3.6% in 2013, again down from a July prediction of 3.9% and an April forecast of 4.1%. Read More >> |
 Carr Tells New York Australia’s Future Lies Beyond Its Mines25 September 2012 16:00 Which Way to Pay Australian Foreign Minister Bob Carr has told a gathering of Asian and American business leaders in New York that Australia’s economic future lays beyond its mines and beyond China. Read More >> |
 Australia Economy Slows07 September 2012 13:00 Mark Maffia According to a Bureau of Statistics report, Australia’s economy slowed last quarter because of rising imports and weaker housing. Read More >> |
 Is Australia’s Mining Boom Over?23 August 2012 20:00 Which Way to Pay Australia’s Resources Minister today said that the resources boom was over saying that what followed were tough times for the country’s economy which has been powered by the mining sector for over ten years. Read More >> |
 RBA Keeps Interest Rates On Hold08 August 2012 18:00 Florence Fullalove The Reserve Bank of Australia has kept the interest rate on hold at 3.5% in the month of August for a second consecutive month. Australia’s central bank did so because there was no catalyst for lower rates coming either from Europe or from the weakness in the global economy. Read More >> |
 Will China’s Slow Down Affect Australia? 03 August 2012 23:00 Phoebe Robinson After a data release on Wednesday news followed that there are signs of broad decline in Asia’s export dependent manufacturing sector, which has faced pressure from the flaky US recovery and a downturn in the eurozone’s critical economic situation. Read More >> |
 Australian Dollar Climbs Thanks To Haven Status02 August 2012 03:00 Lucy Williams The Australian dollar has made gains as the currency is considered a safe haven. The currency continues to climb against other major currencies including the US dollar and the Euro despite sharp declines in commodity prices especially in resources such as iron ore and coal. Read More >> |
 Declines In Australia’s Mining Investment Hits Economy 31 July 2012 02:00 Lucy Williams A recently released report suggested that just 25 percent of Australia’s mining companies are planning on investing this year. There has been speculation that the country’s mining boom will slow and could potentially be over within the next two years fuelling concerns for the Australian economic recovery. Read More >> |
 Will The Boom Last?30 July 2012 00:20 Phoebe Robinson There has been warning that Australia’s mining boom will slow more sharply than expected and could be over within two years due to easing lessening demand from China and falling prices, a leading economic forecaster announced last week. Australia’s strong exporting relationship with the Asian nations mainly China has allowed them to avoid recession and stay above the global crisis. However Australia’s leading private-sector budget forecaster Deloitte Access Economics said that the surplus plans could be ruined as China slows with coal and iron prices now dropping from peak points. Read More >> |
 Australian Economy Continues To Survive 27 July 2012 12:30 Phoebe Robinson There have been so worries over the outlook for the Australian mining industry have intensified recently as commodity prices have fallen which is affecting profits of companies involved in iron ore, coal and other resources. Read More >> |
 Concerns Over Eurozone Ease Strengthening Australian Currency 26 July 2012 02:00 Lucy Williams The Australian dollar has witnessed improvements thanks to easing worries over the European financial crisis. Read More >> |
 Canada’s Summer Outlook Reviews The Global Economies 25 July 2012 02:30 Phoebe Robinson This July marks the third anniversary of the economic recovery that came after the 2008 financial crash and the recession that pretty much affected the whole world. It has been a very quiet economic recovery and this is especially true for the more advanced countries. Read More >> |
 Australian Economy Stays Resilient 24 July 2012 03:00 Lucy Williams Despite global shocks felt by economies all round the world Australia stays strong and continues to show signs of growth. Read More >> |
 The Australian Dollar Surges19 July 2012 02:00 Lucy Williams The Australian dollar is reaching all-time record highs against its rival currencies including the euro and US dollar. Against the US dollar the AUD has increased to its highest level since May. Read More >> |
 Australian Unemployment Rises By 5.2% 17 July 2012 01:00 Lucy Williams With the Australian economy going from strength to strength Australian Prime Minister declares that other G20 leaders are envious of Australia’s economic situation stating that "It's one of growth, it's one of continuing low unemployment, it's one of strong public finances and it's one of strong banks.” Read More >> |
 Decline In China’s Growth Affects Australian Exports13 July 2012 02:00 Lucy Williams China, the world’s second largest economy, has slowed to its weakest pace in three years, resulting in the Australian dollar showing further weaknesses. Read More >> |
 Were Interest Rate Cuts Effective? 10 July 2012 21:30 Phoebe Robinson There were server interest rate cuts by the Bank of Australia in the previous two months of May and June. Though these cuts had the intention of sparking recovery for business, it seems this has failed. Read More >> |
 Global Economic Problems Persist Weakening The Australian Dollar09 July 2012 02:30 Lucy Williams The US economy has once again witnessed further problems as the US nonfarm payrolls report showed lower results than had been expected and an unchanging unemployment rate which remains at 8.2 percent. This news has weakened the Australian dollar, along with the markets becoming nervous over the increasingly weak US economy. Read More >> |
 Australian Economy Rockets Boosting The AUD 05 July 2012 02:00 Lucy Williams Analysts were surprised to see a surge in the Australian economy as Gross Domestic Product (GDP) rose today by 1.3 percent resulting in the strengthening of the Australian dollar. The AUD increased by almost two-thirds of a cent meaning the apparent urgent need for further cuts in interest rates became less crucial. Read More >> |
 Australia’s Booming Economy Must Be Cautious03 July 2012 02:00 Phoebe Robinson There are worries over the dependency of the Australian economy on the Chinese economy. Forecasters have said that the central bank is likely to have to cut rates harshly in order to protect the resource-rich nation from having an economic slowdown similar to those in Europe such as Spain and Italy whose disastrous economic situation is having a backlash on the global economies. Read More >> |
 How Long Will Australia Stay A Economic Micro Climate?29 June 2012 23:30 Phoebe Robinson Australia seemed to be the only country that was keeping its head above the water, managing to get by barely affected by the global economic crisis which has been triggered in Europe. However People have started to doubt how ‘in the clear’ Australia actually is. Read More >> |
 Looking Good For The Australian Property Market25 June 2012 Phoebe Robinson It has been predicted that a two –tiered residential property market will develop in Australia in the next few years. Read More >> |
 Australian Dollar Slips21 June 2012 14:00 Phoebe Robinson The Australian dollar is slipping as information over the slowdown of the Chinese economy Read More >> |
 Australian Prime Minister Suggests Eurozone Economies do it “The Australian Way”18 June 2012 01:00am Phoebe Robinson The Australian Prime Minister prior to the G20 meeting has announced her solution to the Eurozone crisis and elsewhere is the need to focus on growth. Read More >> |
 Australian Consumer Confidence Wavering13 June 2012 19:00 Florence Fullalove According to the Westpac/Melbourne Institute Consumer Sentiment Index, Australian consumer confidence is shaky despite interest rate cuts as the survey showed a rise of only 0.3% to 95.6 points in June. Read More >> |
 Gillard Say Mining Is “Strong Right Arm” Of Australia's Economy30 May 2012 20:00 Victoria Wedderburn Prime Minister Julia Gillard has said that Australia’s mining industry is the “strong right arm” of the economy, supporting hundreds of thousands of jobs and the sector would benefit in coming years. Read More >> |
 OECD Say Mining Boom Will Continue To Boost Australian Economy28 May 2012 15:00 Florence Fullalove The Organisation for Economic Cooperation and Development has said that Australia will continue to see the benefits of the mining boom in its latest Economic Outlook. Read More >> |
 World Bank Says China Slowdown Threatens Australia23 May 2012 15:00 Mark Maffia The World Bank has said Australia’s economy could be at risk as the debt crisis in Europe threatens China’s export markets. Read More >> |
 Treasury Secretary Says Australia Is Well Placed To Deal With Weak Growth16 May 2012 14:00 Mark Maffia Australia’s Treasury Secretary, Martin Parkinson, has said that Australia’s central bank is equipped to respond to sluggish growth and the economy will survive one of the tightest budgets seen in years. Read More >> |
 RBA Expects Inflation To Remain Contained14 May 2012 23:00 Florence Fullalove The Reserve Bank of Australia said today that it expects inflation to remain contained over the coming years. The central bank highlighted the two-speed economy, saying growth in sectors not benefitting from the mining boom will likely continue to struggle. Read More >> |
 Australia’s Budget – Cuts In Defence Spending And Foreign Aid 09 May 2012 17:00 Florence Fullalove Australia’s government have presented its budget saying it will cut back in defence spending and scale back increases in foreign aid that it had promised. Deputy Prime Minister Wayne Swan outlined spending cuts to achieve a 1.5 billion Australian dollar budget surplus in the fiscal year starting on July 1st. Read More >> |
 RBA Lowers Growth Forecast As Economy Softens04 May 2012 17:00 Victoria Wedderburn The Reserve Bank of Australia has cut its growth and inflation prediction as non-mining sectors struggle under the weight of a high Australian dollar. The bank said overall growth had been weaker than expected. Read More >> |
 RBA To Cut Outlook For Australia’s Economic Growth?30 April 2012 16:30 Jack Stupple The Reserve bank looks set to cut its outlook for economic growth as Australia’s inflation rate plummets making the government’s anticipated budget surplus more difficult to achieve. Read More >> |
 Australia’s Two Speed Economy To Widen25 April 2012 11:00am Florence Fullalove A new report from Deloitte Access Economics suggests that the gap between the mining industry and the economy’s slow lanes will widen further this year, as the economy is set to become more lopsided. Read More >> |
 IMF Expects Australia’s Economy To Expand By 3% In 201219 April 2012 00:00am Crage Campbell In its latest World Economic Outlook report the International Monetary Fund has forecast growth for Australia of 3% in 2012 and 3.5% in 2013. Read More >> |
 Australia’s Largest Trading Partner Slowing17 April 2012 01:30am Crage Campbell New figures from the National Bureau of Statistics show that China’s economy is growing at its slowest pace in three years as gross domestic product rose 8.4% from a year earlier after an 8.9% increased in the fourth quarter. Read More >> |
 Australia’s Economy Adds 44,000 Jobs13 April 2012 05:00am Victoria Wedderburn According to the Australian Bureau of Statistics, Australia’s unemployment rate came in at 5.3% in March as the economy added 44,000 jobs that month. Read More >> |
 National Australia Bank Cut Growth Forecast For Economy11 April 2012 05:00am Florence Fullalove One of Australia’s biggest banks have downgraded their economic growth forecasts as worries mount over rising unemployment added to a weak showing in Australia’s economy so far this year. Read More >> |
 Australia And New Zealand To Adopt Single Currency?05 April 2012 09:00am Mark Maffia The productivity commissions of Australia and New Zealand have suggested that a shared Trans-Tasman currency could lower business costs. Read More >> |
 RBA Say It May Resume Cutting Interest Rates04 April 2012 01:00am Mark Maffia Australia’s central bank hinted today that it may resume cutting interest rates as early as May if weaker than forecast growth slows inflation. Read More >> |
 Australian Housing To Affect Growth03 April 2012 07:00am Jack Stupple The Australian Bureau of Statistics has said that the number of houses and apartments approved for construction dropped 7.8% in February from January and were down 15.2% on the same month last year. Read More >> |
 Slowdown In China Could Damage Australia’s Economy31 March 2012 09:00am Jack Stupple If China’s economy contracts or weakens, as Australia has so much invested in China doing well, it could lead to major problems for the Aussies. Read More >> |
 RBA Release Report Into Stability Of Australia’s Financial System29 March 2012 00:00am Mark Maffia Australia’s central bank said that Australian banks were in relatively good shape although conditions differ across the economy. Read More >> |
 Dow CEO – Australia Showing Signs of Downturn28 March 2012 00:30am Florence Fullalove Dow Chemical’s CO’s chief executive Andrew Liveris said that he sees signs of a coming downturn in the Australian economy, stating that jobs growth and overall competitiveness are declining. Read More >> |
 Gillard Facing Mounting Challenges After Landslide Defeat27 March 2012 02:00am Mark Maffia Australian Prime Minister Julia Gillard is under increasing pressure after the Labor party suffered a landslide poll defeat in Queensland. Read More >> |
 Australian Resource Exports Slowing22 March 2012 03:30am Victoria Wedderburn The Bureau of Resources and Energy Economics has said that Australia’s mineral and energy exports are expected to rise at a slower pace of 4.6% to 208.32 billion Australian dollars over the next fiscal year. Read More >> |
 Australia Falling Behind In Carbon Cuts20 March 2012 22:00 Mark Maffia A study released by the Climate Institute has ranked Australia 16th out of 19th countries in being ready to deal with a low-carbon world. Read More >> |
 RBA Governor - Australia's Economy Healthy But More Needs To Be Done19 March 2012 21:00 Florence Fullalove The Governor of the Reserve Bank, Glenn Stevens, has said in a speech at an investment conference in Hong Kong that Australia’s economy was stable but more restructuring is needed in order to boost productivity. Read More >> |
 Draft Laws To Cut Tax For Australian Businesses16 March 2012 01:00am Crage Campbell Treasurer Wayne Swan has released draft laws to reduce the corporate tax rate for both small and large companies. Read More >> |
 Australian Home Loans Fall 1.2%14 March 2012 01:00am Jack Stupple The Australian Bureau of Statistics have said that the number of home loan approvals has fell by 1.2% in January to 47,768 putting an end to a nine-month series of rises. Read More >> |
 Treasurer Says Australia Must Find “Significant Savings” In Budget12 March 2012 09:30am Florence Fullalove Australia’s Treasurer said his government remains committed to returning the national budget to surplus next fiscal year despite the task becoming more difficult with slower than expected economic growth. Read More >> |
 Australia’s Economy Expands 0.4%07 March 2012 Which Way to Pay According to the Australian Bureau of Statistics, Australia’s economy expanded in the final quarter of 2011 by only 0.4% as a result of slowing business spending and a drop in household spending. Read More >> |
 Australia Keeps Interest Rates On Hold As Eurozone Threat Remains06 March 2012 Which Way to Pay The Reserve Bank of Australia has kept interest rates on hold as the situation in Europe remains a potential threat sending the nation’s currency to the lowest level in nearly 2 weeks. Read More >> |
 Australia Service Index Drops To 46.7 In February05 March 2012 Which Way to Pay Australia’s services sector saw a sharp decline in February as the Performance of Services Index (PSI) retreated by 5.2 points to 46.7 hitting a 12 month low. Read More >> |
 Australia’s Economic Growth Expected To Slow02 March 2012 Which Way to Pay Economists have said that the rate of growth in Australia is expected to have slowed at the end of last year. Read More >> |
 Australia’s Retail Sales Rise 0.3 % 29 February 2012 Which Way to Pay Australian retail sales rose a predicted 0.3 % last month as a rise in eating out helped offset softness in household goods. Read More >> |
 Gillard Wins Vote Of Confidence 71 To 3127 February 2012 Which Way to Pay Prime Minister Julia Gillard was victorious today, safely winning a vote of confidence over former Prime Minister and foreign minister Kevin Rudd. Read More >> |
 Wage Growth in Australia Accelerates22 February 2012 Which Way to Pay According to the Australian Statistics Bureau, the wage price index, which measures hourly pay rates but excludes bonuses, exceeded expectations where it rose 1 % in the last quarter of 2011. Read More >> |
 RBA Unlikely To Cut Interest Rate Unless Economy Weakens21 February 2012 Which Way to Pay The Reserve Bank of Australia looks set to keep interest rates on hold at 4.25 % unless there is an unexpected weakening in the economy or the situation in Europe worsens. Read More >> |
 Leadership Uncertainty To Damage Economy?20 February 2012 Which Way to Pay The Australian Chamber of Commerce and Industry has said that the current speculation that Foreign Minister Kevin Rudd could challenge Gillard for the Prime Minister position poses a serious risk to the economy. Read More >> |
 Australia Needs To Be More Optimistic About Economy17 February 2012 Which Way to Pay Treasury boss Martin Parkinson has said that the outlook for Australia’s economy is “incredibly promising.” Read More >> |
 Biggest Australia Jobs Gain Since 201016 February 2012 Which Way to Pay Australia added the most workers in 14 months in January and to add to the good news the unemployment rate unexpectedly declined to 5.1 % Read More >> |
 IMF - Australia’s Mining Boom Will Continue To Grow 15 February 2012 Which Way to Pay The International Monetary Fund said today that investment in Australia’s mining boom will continue to grow if China’s economy avoids a “hard-landing.” Read More >> |
 Gillard - Australia’s Economy Remains Sound Despite Job Cuts14 February 2012 Which Way to Pay ANZ, Australia’s third largest bank, becomes the latest major company to announce job losses, saying it will shed 1000 workers because of economic difficulties. Read More >> |
 Australia Feeling Repercussions Of Global Slowdown13 February 2012 Which Way to Pay According to Treasurer Wayne Swan, Australia is feeling the repurcussions of a global slowdown as emloyers are unwilling to hire new staff thanks to European uncertanity. Elsewhere in the news Gillard loses her lead over Abbott. Read More >> |
 Australian Business Conditions Strengthen 09 February 2012 Which Way to Pay A quarterly survey produced by the National Australian Bank (NBA) showed that Australian business conditions strengthened in the last quarter of 2011 thanks to improved sales, profitability, trading conditions and employment. Read More >> |
 RBA Keeps Interest Rate At 4.25 % 08 February 2012 Which Way to Pay The Reserve Bank of Australia (RBA) has put the official interest rate on hold indefinitely amid renewed optimism of the European crisis and a strengthening mining sector. Read More >> |
 Australia’s Trade Surplus Soars To Record Highs02 February 2012 Which Way to Pay Australia’s currency is currently enjoying a five month high as its trade surplus reaches record highs thanks to coal and iron ore shipments in 2011. Read More >> |
 Australian House Prices Fall Again01 February 2012 Which Way to Pay The Australian Bureau of Statistics released data that showed the price for houses fell 1 % in the December quarter and by 4.8 % in 2011. Read More >> |
 Australia's Economy Battleground For Gillard and Abbott31 January 2012 Which Way to Pay Julia Gillard and Tony Abbott have both outlined their proposals to increase economic growth. Both claim to have the solution. Read More >> |
 "Excessive Pessimism" Is Damaging Australia’s Economy30 January 2012 Which Way to Pay Wayne Swan, Federal Treasure has argued that “excessively pessimistic” reporting of Australian economic indicators is the reason for poor local confidence. Read More >> |
 Australia's Forecasts Factor In European Recession25 January 2012 Which Way to Pay Australian Treasurer Wayne Swan said today that Australia’s economic forecasts have factored in a European recession and a considerable decline in global growth. Read More >> |
 Australia’s Economy Set to Advance Despite “Eurogedden” Warnings23 January 2012 Which Way to Pay Research firm, Deloitte Access Economics has said that Australia’s economy it set to advance in 2012 as inflation lifts to the middle of the central bank’s 2 % - 3 % target range as a result of resource investment driving growth. Read More >> |
 Australia Reports Worst Job Losses in 20 years20 January 2012 Which Way to Pay Today, a report emerged that more jobs were lost than created in any year since 1992 with a zero job growth seen last year as a result of total employment falling 293,000 to 11,421,300 in December. Read More >> |
 Economy Secure Despite World Bank’s Warning18 January 2012 Which Way to Pay The World Bank has slashed its global growth predictions for 2012 by just under half amid warnings of a worldwide recession. It has severely cautioned richer nations that debt problems could lead to a financial crisis worse than what was experienced in 2008. Read More >> |
 Aussie Hurt by S&P’s Wave of Rating Downgrades16 January 2012 Which Way to Pay One of the biggest European powers, France, had its high AAA rating stripped causing the Australian Dollar to drop half a cent after the announcement from the ratings agency. Read More >> |
 Growth in Australia’s Economy Subdued05 January 2012 Which Way to Pay Poor household spending has found Australia’s service sector seriously struggling despite admirable performance by business and property service during December last year. Read More >> |
 Australian Dollar Decline Amid Eurozone Crisis22 December 2011 Which Way to Pay The Australian currency dropped ending a two-day advance; amid concerns the European Central Bank’s measures to boost liquidity may not halt the region’s debt crisis. Read More >> |
 Living Standards and Economic Growth Threatened by Housing Shortage21 December 2011 Which Way to Pay In the most recent report from the National Housing Supply Council, the gap between housing supply and demand increased by 28,000 homes over the last year. This leaves the shortfall of dwellings across Australia at 186,000, which has stirred concerns over the affect on living standards and economic growth. Read More >> |
 Australian Stockmarket Falls on Eurozone Fatigue and Mining Losses20 December 2011 Which Way to Pay Following a volatile session, the Australian stockmarket closed lower following mining losses and the ‘fatigue’ of the eurozone debt crisis continued to weigh on investors’ sentiment. After wavering between small gains and losses through the session, the benchmark S&P/ASX 200 index closed down 0.2% at 4053.10. Read More >> |
 Stockmarket Suffers as Retailers Slide19 December 2011 Which Way to Pay The Australian stockmarket saw sharp falls as the retail sector reports the second set of gloomy figures as well as Kim Kong-il, leader of North Korean Communist state dying from a heart attack yesterday. Read More >> |
 Australian Stockmarket See Slight Gains16 December 2011 Which Way to Pay Aussie shares closed with mild gains, although some retailers posted sharp losses after a gloomy update from JB Hi-Fi, the benchmark S&P/ASX 200 index rose 0.5 per cent to 4159.20. Read More >> |
 Australian Market See Losses as Miners Fall15 December 2011 Which Way to Pay The Australian sharemarket fell sharply as the mining sector stocks performed poorly. Commodity prices took a big hit from the eurozone debt worries. This saw the benchmark S&P/ASX 200 index lose 1.2%, taking it down to 4142.30. Read More >> |
 Australian Stockmarket Falls in Volatile Session14 December 2011 Which Way To Pay The Australian stockmarket saw losses at close of a volatile trading session following news from the US Federal Reserve that interest rates are being held steady, indicating no new stimulus measures for now. The benchmark S&P/ASX 200 index lost 0.1% throughout the trading day, closing at 4190.50. Read More >> |
 Australian Stocks Close Lower as Europe Weighs on Markets13 December 2011 Which Way to Pay THE sharemarket closed firmly lower today after a global selloff that came as ratings agencies weighed in with their views on last week's European Union summit. Read More >> |
 Australian Stockmarket Loses 1.8%09 December 2011 Which Way to Pay Following the announcement from the European Central Bank that they are not going to buy any more bonds and as the European Union summit sent out mixed signals, the Australian sharemarket was down by 1.8% by the end of trade. The S&P/ASX 200 index finished the day at 4203.00. Read More >> |
 Weak Jobs Data Weighs on Aussie Dollar08 December 2011 Which Way to Pay The Aussie dollar fell half a US cent following the release of disappointing employment data but recovered as the market focused on the European financial crisis. The unemployment rate in Australia rose to 5.3% throughout November from 5.2% in October, according to Australian Bureau of Statistic. Read More >> |
 Aussie Economy Surges on Mining Boom, but Threat from Europe Remains07 December 2011 Which Way to Pay The Australian commodity-based economy, worth $1.3 trillion, surged in the third quarter as the huge investment into the booming mining sector started to show. The future of the Aussie economy is not certain however, as Asian growth slows and the eurozone debt crisis continues. Read More >> |
 RBA Cuts Interest Rates Again06 December 2011 Which Way to Pay Having cut the official cash rate to 4.25% from 4.5% at the last meeting of the year, the Reserve Bank of Australia has said that rates could be cut further should the Australian economy begin to feel the effects of the eurozone debt crisis. This is the second consecutive rate cut since 2009. Read More >> |
 Inflation Eases as Food and Fuel Prices Lower05 December 2011 Which Way to Pay Lower prices of fruit and vegetables, as well as fuel have seen Australian consumer prices fall throughout November according to the monthly inflation gauge published by TD Securities-Melbourne Institute today. Read More >> |
 Strong Australian Dollar Could Make Economy Vulnerable02 December 2011 Which Way to Pay Australian policy makers continue to be confident over the future of the economy should debt problems in the eurozone spread into a global crisis over the next few months. Read More >> |
 Aussie Dollar Up Against US01 December 2011 Which Way to Pay The Australian dollar hit a two-week high, hiked largely by the central bank agreement to make lending easier and stimulate financial markets, but helped by positive figures from Asia in late trade. Read More >> |
 Increased Capex Sees Aussie GDP Forecast Lift30 November 2011 Which Way to Pay Capital expenditure in Australia throughout the third quarter this year increased by 34%. This huge increase was fuelled by investments into the booming mining industry. This rocketing of investment has pushed economists to increase growth forecasts for the Australian economy. Read More >> |
 Mining Capital Expenditure Surges 34%29 November 2011 Which Way to Pay Throughout the six months to the end of October, capital investment in the booming Australian resources sector rose by 34%, soaring to $231.8 billion. The figures, from the Bureau of Resources and Energy Economics (BREE), are at record breaking levels. Read More >> |
 Aussie Sharemarket Breaks Losing Streak28 November 2011 Which Way to Pay The Australian sharemarket closed with significant gains following a six-day slump. The gains came as investors’ confidence over the eurozone debt crisis grew and reports of Thanksgiving holiday sales in the US were strong over the weekend. Read More >> |
 Samsung to Invest in Nickel Mine25 November 2011 Which Way to Pay The South Korean company Samsung Group is in talks over a potential $2.23 billion investment into a nickel mine project in the middle of the Australian outback. The reports were confirmed by the mine’s owner today. Read More >> |
 Aussie Stockmarket Sees Five Day Losing Streak24 November 2011 Which Way to Pay At close of trade today the Australian stockmarket fell for the fifth consecutive session as the eurozone debt crisis continues to impact investor confidence across the world as the potential for a global growth fallout increases. Read More >> |
 Poor China Manufacturing Data Hits Aussie Sharemarket23 November 2011 Which Way to Pay The Australian sharemarket took a nosedive at the end of trade following the release of preliminary figures for Chinese manufacturing. The survey shows that Chinese manufacturing has contracted, contributing to concerns over projections for global economic growth. Read More >> |
 JPMorgan Forecasts RBA to Cut Rates22 November 2011 Which Way to Pay The investment bank JPMorgan has forecast that the Reserve Bank of Australia will cut interest rates in December due to the ‘material’ deterioration of the global financial markets since the last board meeting. Read More >> |
