ECONOMY

BHP Billiton CFO Peter Beaven is pushing for a cut in company tax, which he said will lead to an increase in investment, employment and tax revenue. Beaven’s comments came during the Australian Financial Review’s Business Summit, held in Sydney on Thursday.

The European Central Bank is expected to maintain dovish on its interest rate, but also maintain lower inflation target despite meeting the inflation target in February.

Australian shares experienced a downslide on Wednesday. While prices of copper and iron ore showed a regressive growth, gold prices remained steady.

The Australian dollar has witnessed a significant downslide against its US counterpart. The development comes amid a forecast in the increase of US interest rates supporting the US currency.

US President Donald Trump coming into power could change the landscape of global trade, according to Michael Every, head of financial markets Asia Pacific for Rabobank at the Australian Bureau of Agricultural and Resource Economics and Sciences (Abares) Outlook.

Downer EDI Limited announced its acquisition of New Zealand non-residential company Hawkins.

Australian stocks are expected to open slightly lower on Tuesday as investors await the decision of the Reserve Bank of Australia (RBA) for its second monetary policy of 2017.

The Organisation for Economic Cooperation Development (OECD) has warned that expanding household debt could bring about a recession. The findings come in the organisation’s first review of the Australian economy since August 2014.

Australia has been able to narrowly avert a recession, the national accounts data revealed. The statistics, revealed on Wednesday, show that the Australian economy climbed by 1.1 percent in the last quarter.

Australian shares witnessed an increase on Tuesday, helped largely by buying in financial stocks. The S&P/ASX 200 index increased 0.5 percent (or 26.5 points) to reach 5750.5 points. Meanwhile, the benchmark on Monday had seen a downslide of 0.3 percent.

Marriott International has planned to open a 128-room hotel in Hobart in 2018.

The Aussie dollar soared against the US currency on Friday, climbing past 77 US cents. The Australian dollar reached 77.14 US cents.

Kitchen Republik has been fined $107,551 for underpaying a foreign employee over a period of nine months from 2014 to 2015.

According to newly revealed documents, environmental health is not important to the governing body as it cut programs and sold Ecofund for less than what it costs. Ecofund was a state-owned carbon and environmental offsetting and advisory company.

The Reserve Bank of Australia released the newly designed $10 banknote on Friday featuring the famous Australian writers Andrew Barton "Banjo" Paterson and Dame Mary Gilmore.

The United States is currently in its “bunny phase,” a recognised economist has said. The reference came during the Fargo Moorhead West Fargo Chamber of Commerce’s annual Economic Outlook Forum. The event was attended by 600 people.

The National Australia Bank (NAB) has released a survey in January showing that the country's economy was stronger compared to last year's Q3 report.

Alibaba founder Jack Ma said during the opening of the first Australian and New Zealand branch of his company on Saturday that Australia is a gold mine.

Retail sales for December witnessed a surprising decline, as noted by the data released by the Australian Bureau of Statistics. The decline for the sales in December accounted for 0.1 percent, which was in contradiction to the market expectations of a 0.3 percent rise.

US President Donald Trump scrapped the involvement of America in the Trans-Pacific Partnership (TPP) free deal when he signed an executive order on Monday, withdrawing the country's participation in the deal.

Fewer Aussie CEOs has expected business conditions to improve in 2017 than in the previous year. However, they were cautious optimistic in the improvement according to AI Group's Business outlook survey.

Donald Trump’s first press conference after winning the presidential election in which he addressed his alleged Russian connection has caused the Australian dollar to surge by one US cent. It is expected to surge further up to 78 US cents.

Data shows that job vacancies increased by 2 percent to 181,000 in the three months until November. Compared to the same period of time last year, this rise is 7 percent more.

Australia’s retail sales figures are out, and they are not even near to what was expected. The AUD saw a relative declined in value in early local trade on Tuesday.

World predictions for 2017 have revealed the fate of the United States, European Union, China, Russia and Middle East among other regions.

Publicly funded RAAF jets cost Australian taxpayers a $600,000 bill from July to December 2015 for picking up and dropping off federal politicians.

Woolworths has developed a portal called Supplier Connect that gives suppliers access to the retailer's record of customer data.

Experts fear of a possible $5 trillion meltdown for Australia if global trade flows are disrupted due to the South China sea dispute.

Woolworths buying director Steve Donohue has said that the 1c discount on its $45 plum pudding was a computer glitch.