AU ECONOMY

The fading boom can be good news for home buyers as prices become more 'realistic'.

The expansion of nuclear power is creating the opportunity for Australia to become the world's top uranium supplier, says a new Minerals Council report.

The Australian property market prices will soon ease off, predicts SQM Research in its Housing Boom and Bust report.

Major Murray Report changes include the regulation of credit card surcharges, strengthening of banks’ capital reserves, and freedom for workers to choose their own superannuation fund

Retail giants Woolworths and Coles may face strong competition from Costco, whose low-price strategy and broad range of products are driving more competition in Australia's supermarket and fuel industry.

The proposal to sell SA Water has been put forward to ensure a stable economy in Australia.

Following a record of high profitabilty, Qantas Airways has increased the fares of its international flights.

Heightened investor's activity has resulted in the housing price surge and increased the risk of significant price falls later.

The unemployment rate in Australia remained steady in September, in spite of the diminishing number of jobs in the month.

The Department of Foreign Affairs and Trade signed a contract with Fields Group that will benefit indigenous businesses.

A survey by Communications Alliance reveals that most telecommunication companies aren't compliant with Australia's new data retention laws yet.

The NAB Monthly Business Survey has indicated a positive business climate in Australia.

With Macquarie Research suggesting a 7.5 percent drop in housing prices, Australia could soon see itself in the waves of recession.

As an economic thinker Lowe is held in high esteem and many call him an “exceptional” economist.

The Australian health industry is watching the Trans-Pacific Partnership closely after the agreement was signed following five years of secret negotiations.

Bluescope Steel workers have agreed to a package that will save 4500 jobs at their Port Kembla factory.

Former Rhodes Scholar Dr Joanne Howe’s report points out the grave deficiencies in the China-Australia Free Trade Agreement.

David Collins, Professor of International Economic Law at City University London, explains the achievements of the Trans Pacific Partnership (TPP), and the barriers that remain.

Auction clearance rates have fallen to 69.6 percent despite recording the highest auction listings for September.

In his first interaction with the media after becoming Treasurer, Scott Morrison revealed his plans of filling the budget deficit by introducing new changes to the tax system.

Real estate experts reject claims there will be a “tsunami of housing,” say oversupply still a distant dream.

Pyne has introduced overseas debt recovery bill to make repayment fairer for all Australian students.

Agents in Sydney, as well as in other parts of Australia, are of the opinion that expats and overseas buyers are helping to lift the market for luxury properties in the country.

A recent survey reveals that migrants in Australia prefer starting their own businesses than getting employed.

China’s central bank has indicated over the weekend that the yuan would be more flexible in the coming days, though it gave clarification that significant changes should not be expected and at the last check, the Chinese currency still stands at about 6.8 against the US dollar.

Australia is nearing the height of its V-shaped recovery from the global financial crisis, said the longest-serving current board member of the Reserve Bank of Australia (RBA), who added that Europe would eventually give up on euro over the long term.

US Treasury Secretary Timothy Geithner has called on China to allow its currency to appreciate and take its true form, integrating the policy to a much wider economic reform that would free up Beijing from too much dependence on exports and encourage domestic demands for its products.

A communiqué draft released by the Group of 20 economic world powers yesterday has cautioned that the ongoing global recovery is still fragile as showcased by recent volatility in the financial markets.

Encouraged by positive indicators coming from the US market and other major worldwide markets, oil prices surged yesterday with New York’s light sweet crude delivery for July hitting $US73.28 per barrel and London’s Brent North Sea steadying at $US74.18 per barrel.