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Australia Economic Snapshot: Quick View - New Treasury research casts doubt on budget

Quick View - New Treasury Research Casts Doubt On Budget

  • Country news
  • 1 day ago
  • by Economist Intelligence Unit

Event A report on the structural budget deficit released by the Treasury on May 2Second paints a less rosy picture than the budget for fiscal year 2013/14 (July-June). The report shows that forecasts in the budget of a balanced outcome in 2015/16, followed by a series of surpluses, require optimistic assumptions regarding the terms of trade. Analysis The export side of Australia's terms ...

Economic Data in Australia: Interest rates likely to be cut again this year

Interest Rates Likely To Be Cut Again This Year

  • Country news
  • 1 day ago
  • by News Ltd.

Another round of interest rate cuts later this year remains on the agenda after the Reserve Bank clearly signalled it retains an ``easing bias'' despite this month slashing the cash rate to a record low, economists said. In a break from tradition, the May rate cut of 0.25 per cent to 2.75 per cent seems to have been aimed more at boosting confidence in the business Market by driving down t...

Australia Trade Data: Bulk beef lowers rates

Bulk Beef Lowers Rates

  • Country news
  • 1 day ago
  • by News Ltd.

IT LOOKS like almost all the state got some reasonable falls of rain over the past fortnight, but, of course, the more the merrier from now on. In much of eastern Australia the rains have been very patchy , so, in most cases, has not stopped the flow of livestock to the Industry. Locally, our beef exporters have good supplies from a couple of weeks, with cow numbers still coming forward i...

Australia Economic Outlook: FED:Review of the week's economic data

Fed:review Of The Week's Economic Data

  • Country news
  • 2 days ago
  • by Australian Associated Press

SYDNEY , 2013-05-24 AAP - A review of the week's Australian economic data, May 20 to May 24 : ***** COMMONWEALTH BANK BUSINESS SALES INDICATOR The prospects for Australian businesses are looking healthier, with spending across the economy rising for the eighth consecutive month. The Commonwealth Bank's Business Sales Indicator (BSI) found that spending rose 0.5 per cent in trend terms...

Australia Labor Market Data: Study shows discrimination against older women rife in Australia

Study Shows Discrimination Against Older Women Rife In Australia

  • Country news
  • 2 days ago
  • by Xinhua News Agency

By Christian Edwards SYDNEY , 2013-05-23 (Xinhua) -- A research commissioned by Diversity Council Australia (DCA) suggests that Australian businesses in particular are failing to recognize , employ older women defined as 45 years , over. The report shows that employing older women can provide businesses with experience, skills , talents. It shows how under utilized older women are in...

Economic Data in Australia: FED:High dollar claims another scalp

Fed:high Dollar Claims Another Scalp

  • Country news
  • 2 days ago
  • by Australian Associated Press

CANBERRA , 2013-05-23 AAP - The persistent strength of the Australian dollar is 1 factor behind the demise of another Aussie icon - Ford Australia. The automobile maker announced the loss of 1200 jobs at its Victorian plants of Broadmeadow , Geelong when it ends manufacturing in Australia in 2016, after some 90 years of operation. Ford Australia president , chief executive Bob Graziano ...

Australia Labor Market Data: Australians Face Longer Working Life

Australians Face Longer Working Life

  • Country news
  • 2 days ago
  • by Targeted News Service

CANBERRA, Australia , 2013-05-23 -- The Australian National University issued the following news release: Australians are working later in life, , the trend is predicted to continue into the future, as reported by new data analysed by demographer Professor Peter McDonald , from the Australian National University node of the ARC Centre of Excellence in Population Ageing Research (CEPAR...

Australia Economic Analysis: RBA keeps cut options open

Rba Keeps Cut Options Open

  • Country news
  • 3 days ago
  • by News Ltd.

THE ECONOMY THE Reserve Bank has signalled further rate cuts remain on the agenda. Minutes from the central bank's latest meeting suggest board members wanted to boost business confidence by driving down the Australian dollar, analysts said. It's a break from tradition for the RBA, which normally focuses more heavily on consumer spending. Released yesterday, the minutes show the board...

Australia Economic Outlook: More rate cuts on horizon

More Rate Cuts On Horizon

  • Country news
  • 3 days ago
  • by News Ltd.

ANOTHER round of interest rate cuts remains on the agenda after the Reserve Bank signalled it retains an ``easing bias'' despite slashing the cash rate to a record low. In a break from tradition, the May rate cut...

Australia Economic Brief: Cardno Forecasts FY13 Profit of $73m to $77m

Cardno Forecasts Fy13 Profit Of $73m To $77m

  • Country news
  • 3 days ago
  • by NewsBites

AUSTRALIAN Industry player NEWS BITES SOURCED FROM INFORMATION LODGED WITH THE AUSTRALIAN STOCK EXCHANGE Cardno advised that it expects to report a NPAT of between $73m , $77m for the year ending 30 June 2013 , compared to $74.1m for the 2012 financial year....

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