Those overseas holidays and bargain internet purchases may be about to get more expensive as the Australian dollar slides back towards parity with its US counterpart.
The supposed link between interest rates set by Australia's central bank and the rates set by the commercial banks is a myth that needs to be busted, says the ANZ's head of Australian operations Ph
Western Australia may as well leave its minerals in the ground while its GST revenue continues to be stolen by Canberra and the eastern states, Premier Colin Barnett says.
Gold futures have fallen in after-market trading after the latest US Federal Open Market Committee minutes showed few hints of imminent monetary stimulus.
The Reserve Bank of Australia has kept official interest rates on hold after its April board meeting but left the door open for a cut as early as next month.
US stocks have started the second quarter on a high note after US manufacturing data picked up more than expected, a sign of stronger growth in the feeble recovery.
The Australian dollar was slightly higher after markets digested better than expected Chinese manufacturing data and weak domestic building approval figures.
The Australian share market could not hold onto early gains as disappointing local economic data overshadowed better-than-expected manufacturing figures from China.
There is strong support for the federal government's plan to increase the compulsory superannuation guarantee, even among coalition voters, a new survey shows.
Teachers Credit Union, which today relaunched itself as Teachers Mutual Bank, has reported a large shift of Western Australian banking customers towards the mutual sector.
A new business survey points to the need for an immediate interest rate cut when the Reserve Bank of Australia (RBA) holds its monthly board meeting tomorrow, the Australian Chamber of Commerce and
Australian stocks have opened almost one per cent higher, driven by major resources stocks after the release of encouraging manufacturing data from China.
The Reserve Bank of Australia will refrain from cutting interest rates at its April board meeting next week but after that could return to an easing position, economists say.
The Australian share market finished the first quarter of 2012 around seven per cent higher, with the broad All Ordinaries index closing a few points off its eight-month high.
The Reserve Bank of Australia will refrain from cutting interest rates at its April board meeting next week but after that could return to an easing position, economists say.
Mineral Resources’ director Chris Ellison has continued to reap extraordinary rewards from his stake in the highly profitable contractor, this week raising a further $41 million from share sales.
The Australian dollar has drifted lower, as the market awaits more data to drive it.At 1700 AEDT, the local currency was trading at 104.35 US cents, down from 105.30 cents yesterday.
