Australia sees surge in full-time jobs
National jobs figures released by the Australian Bureau of Statistics today revealed a significant rebound in the employment market, confirming the underlying strength of the Australian economy.
Australia's Government scales back on carbon tax
The Australian government has mellowed down its carbon tax policy that would not be too much of a burden to small and medium enterprises. Industries affected by the carbon price had been reduced to 500 from the previous 1000, the government said.
Virgin offers new deals to disrupted Tiger customers
Virgin Australia has extended its offer to disrupted Tiger Airways customers with a limited range of discounted fares on selected Australian domestic city pair destinations.
Australia's construction sector index skids further in June
The national construction industry contracted further in June with solid falls in new orders and activity across the sector. The Australian Industry Group Australian Performance of Construction Index (Australian PCI®) in conjunction with the Housing Industry Association, fell 3.8 points to 35.8 (a reading below 50 indicates a contraction in activity).
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Australia's subdued consumer demand to likely halt RBA rate hikes
Australia’s consumer inflation rates remained flat in June that may reduce the pressure on the central bank to increase benchmark interest rates in the near term, according to the private-sector led survey by TD Securities and the Melbourne Institute.
Australia's manufacturing sector rebounds in June
The manufacturing sector in Australia has begun its positive production kick in four months in spite the difficulties in coping with the high value of the Australian dollar and subdued local demand.
Australian Stock Market: On cautiously optimistic trend
Investors at the Australian Stock Market is expected to rebound albeit cautiously at today's trading. Here are the views of two of the top market analysts on how the market will likely perform on 4 July, Monday.
PM Gillard: Carbon tax only temporary
Prime Minister Julia Gillard has soften her tone and argued with new semantics to push for the carbon tax.
World Market Insights: IG Markets
From IG Markets Analyst Ben Potter:On Wall Street overnight, stock finished the quarter and end of the first half in bullish fashion, logging its fourth consecutive gain as Greece passed a second crucial vote on the implementation of the latest austerity package and a much stronger-than-expected Chicago PMI number.
Australia's business confidence staggers to 15-year lows
Small business support for the Australian Government has fallen to a 15-year low, according to the Sensis Business Index released today. SMEs have become much less supportive of the Federal Government’s policies, with the indicator declining sharply during the quarter to be the lowest level since February 1996.
Australia's small businesses must brace for tougher year
Small businesses in Australia should brace for more pain this coming financial year, the ANZ warns in its latest report released on Wednesday as the power of a stronger dollar and the lure of the Internet marketing on Australian consumers will continue to weigh down on sales.
Australia's small lenders set slight increase in loan fees
Australia's small, non-bank lenders have begun applying small increases in its upfront home loan fees and discharge fees in response to the loan exit fee ban.
Zynga to Launch $1B IPO Tomorrow
As world-wide fans give much regard to their virtual farms, pets, mafia gangs, game creator Zynga has deemed it necessary to cast $1 billion international public offering (IPO) tomorrow, 30 June.
Aussie share market, dollar step up
At lunch the Australian share market is having a much better day, with the All Ordinaries index (XAO) around 0.4 pct or 19.7 pts higher to 4533.5. Close to all sectors are higher, with gains from the banks and miners helping to keep the market in positive territory.
Australian Gov't ready for counter-offensive vs tobacco firms
The Australian government is prepared for the counter-offensive as leading cigarettes firm Philip Morris takes legal action against a planned marketing prohibition in the country.
Australia's retailers urge government to explain proposed carbon tax
Two of Australia's biggest supermarket retailers say the Federal Government have not consulted them about the proposed carbon tax and are calling on the Government to reveal details about the tax before implementation.
Exit fees ban: Australia's small, non-bank mortgage lenders to offer better rates
The organisation of small non-bank lenders in Australia will continue the battle to extend competitive mortgage fees as against the big banks in spite the leveling of exit fees, the industry-led Mortgage & Finance Association of Australia (MFAA) said.
Australia's PM Gillard paying price for unpopular carbon tax
Australia's Prime Minister Julia Gillard is celebrating her first year in government with almost 60 percent of citizens wary of extending support to reforms she wanted to undertake specifically a carbon emissions tax deemed unpopular in an economy fueled by the mining sector.
Market expectations: Market leads to flat trading
The Australian stock market is seen receiving a little shove from the negative leads over volatile overnight sessions in the US and European stock markets. The ASX is seen performing modestly on Friday.
IT Developer AVG warns Australia, NZ citizens of internet tax scams
Company software developer AVG (AU/NZ) Pty Ltd, has warned Australians of the persisting personal identity theft as more scams might develop and are being created for the tax return season starting on 1 July.
Australian Household Spending Trend: More Cautious, Debt-Wary
Australian consumers have been carefully weighing their spending and priorities have been set to stop themselves from buying things that are unnecessary.
Proposals to phase out live cattle export trade reach Parliament
Independents Andrew Wilkie and Nick Xenophon have presented bills to phase out the live export trade over the next three years.
Borders Group avoids further job cuts, store closures
Remaining employees of Borders Group Inc will be spared being laid off as the company reached a deal with its lenders that would avoid closing more stores.
Australian property values weaken further in Q1
National property values fell by 2.1 percent during the first quarter of 2011 made worse by weak results from January and February, an inaugural report from Commonwealth Bank and RP Data has revealed.
Queensland's new policy props up billion-dollar food sector
Queensland Minister for Agriculture, Food and Regional Economies Tim Mulherin today launched a food policy for Queensland to further build the state’s billion dollar food industry.
Rising food prices altering people's diets
People around the globe are changing what they eat because of the rising cost of food, according to a new global survey released today by international aid agency Oxfam.
Australia's consumers wiser than ever
The uncertain times have made Australian consumers less of a spendthrift and all the more of the conservative shopper preferring to stay clear of debts and save as much from their pocketed incomes.
Number of overweight Australian men increasing, alarming
Australian men are overweight, have a higher risk of cancer, prone to illicit drug use, injury, and smoking and have a shorter life expectancy that women but don't expect them to see a doctor about it, at least according to a recent study by the Australian Institute of Health and Welfare.
Is your cellphone changing, shaping your personality?
More Aussies are forgetting their manners and using their mobile phones inappropriately, according to new Telstra State of the Nation Research.
Woolworth’s expansion plans hits land block
The retail giant's $1.4 billion plan to dominate its competitors in the home improvement market hit a giant block in limited land space in key sites. Bunnings, the leading hardware retail store and the one Woolworths is gunning for has already gobbled up land during the global economic crisis.
Positive financials seen for cattle producers in 2010-11
Beef cattle producers in Australia can expect an increase in projected farm cash incomes in 2010-11 as a result of improved seasonal conditions according to a new report released today by ABARES.
Affected cattle industry farmers to tap $5-M contringency fund
The Australian livestock industry may get a reprieve from the financial debacle posed by the six-month-cattle ban to Indonesia by tapping into the $5-million contingency fund of the Meat and Livestock Australia (MLA), said Agriculture Minister Joe Ludwig.
Lady CEO takes charge at Sydney Airport
For the first time, Australia's biggest airport will be managed by a woman effective on 1 July, the company said as Ms Kerrie Mather has been appointed as Managing Director (MD) and Chief Executive Officer (CEO) of Sydney Airport.
Australia's PM Gillard: No compensation for cattle industry
Australia's government led by Prime Minister Julia Gillard did not promise to give the local cattle industry any compensation for the recent implementation of a live export ban to Indonesia, which will last for six months.
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