Reserve Bank of Australia governor Glenn Stevens said while inflation is not quite as low as it might have looked six to 12 months ago, he does not believe it is accelerating to the extent a literal reading of the latest data might suggests.
The four major industrial precincts in Kwinana, Cockburn and Rockingham, known as the Western Trade Coast, contributed more than $14.7 billion to the state’s economy in 2013, making it the mos
Western Australia’s mineral and petroleum sector grew 15 per cent in value last year, after a weaker Australian dollar and greater sales helped counteract falls in some commodity prices.
Figures released by the Australian Bureau of Statistics show retail spending rose 1.2 per cent in January, three times the 0.4 per cent rise economists had expected.
Western Australian sandalwood producer TFS Corporation, through its US joint venture entity Santalis Pharmaceuticals, is about to ship 100 kilograms of oil to an unidentified global pharmaceutical company - at $US4,500 per kilogram.
The Australian dollar is firmer on positive local economic growth figures and renewed global risk appetite as troubles in the Ukraine appear to de-escalate.
South Hedland’s first four-star hotel is due to open by the end of this year, after a Melbourne based developer said it will build most of the hotel off site to save time.
Wars produce winners as well as losers, and while Russia’s invasion of Ukraine is not classified as a hot war, yet, there are signs emerging that one of the winners will be a long way from the action – Australia.