Treasury secretary tips more rate cuts if economic growth stalls
TREASURY Secretary Martin Parkinson has indicated interest rates could be cut further if the economy slows, and federal and state governments should slash waste to g...
Inflation will be contained but non-mining sector will remain weak: Lowe
AUSTRALIA'S central bank said that it expected inflation to remain contained over the coming years, but also saw little respite from the two-speed nature of growth i...
NAB joins CBA, Westpac, Goldman, Suisse to downgrade Australian currency
CURRENCY analysts based in Australia downgraded their outlook for the country's foreign exchange rate as Europe's ongoing debt crisis and China's slowdown today sent...
JP Morgan reveals shock $US2bn loss on ‘London Whale’ trades
JP MORGAN CHASE took $US2 billion in trading losses in the past six weeks and could face an additional $US1bn in second-quarter losses due to market volatility...
ANZ cuts home rate by 37 points but still second dearest lender
ANZ will cut its standard variable home loan rate by 37 basis points, becoming the final major Australian bank to move after the Reserve Bank's official decision two...
Australian dollar spikes as ABS unemployment data surprises market
THE Australian economy added 15,500 jobs in April, compared to market expectations for 5000 fewer jobs during the month, data from the Australian Bureau of Statistic...
Trade data sparks fears of sharper China slowdown
STRONGER evidence of a significant slowdown in the Chinese economy has emerged with much weaker-than-expected imports for April, as well as lower growth in exports.
Tax cuts a ‘$4bn failure’, say business and industry groups
BUSINESS groups have accused Labor of a "breach of faith" and a "$4 billion failure" over its abandonment of economy-wide business tax cuts.
RBA data contradicts Big Four claims on higher costs
INTEREST margins for Australia's big banks sat at least 12 basis points above the lows seen during the global financial crisis, figures for the first half of 2011-12...
Qantas slashes spending to $1.9bn but plans domestic capacity boost
QANTAS cut capital expenditure at its international business by a further $400 million in the coming financial year by deferring the delivery of two A380 superjumbos...
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