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Global economic uncertainty is hampering the ability of companies to grow and deters them from creating new jobs, according to a survey released today.
Australian stocks have opened slightly higher after mixed leads from offshore bourses kept investors wary ahead of the start of the local earnings season.
Greek Prime Minister Lucas Papademos says there is "total convergence" among political allies on new austerity measures needed for a second bailout and debt cuts to avert default.
The federal opposition believes the Reserve Bank of Australia, and not the government, should do much of the heavy lifting if the local economy needs a boost in the face of a souring global economy
The Australian dollar is becoming increasingly attractive to foreign central banks and sovereign wealth funds as they try to reduce their exposure to under-performing US and European currencies.
US stocks erased early gains on solid earnings reports from Caterpillar and Netflix to end lower on Thursday, with some weak economic data and profit-taking seeming to drive the selling.
Treasurer Wayne Swan won't be cutting the major retail banks any slack if the central bank cuts the official cash rate again at its board meeting next month.
The Australian dollar continued to trade above 105 US cents despite expectations of further interest rate cuts after official data showed that inflation was easing.
Listed investment firm Australian Foundation Investment Company (AFIC) expects uncertainty in Europe to continue to cause market volatility in the coming months.
Shares in base metals and gold miner Bass Metals have been suspended from trading as it may not be able to meet debt repayments amid concerns its Tasmanian operations are becoming financially margi
The federal opposition believes Treasurer Wayne Swan will need to be a magician to deliver his promised budget surplus in 2012/13 in the light of downgraded global growth forecasts.
The Australian dollar has been dragged down as negotiations to prevent Greece defaulting on its debt hit an impasse and the International Monetary Fund downgraded its global growth forecasts.
Opposition Leader Mark McGowan is being "sneaky" by promoting an opt-out provision for workers under proposed Sunday trading laws, the government says.