Result Page 6 for Latest Economy News & Archive

Vital Signs: economy in a holding pattern

A rise in the cost of credit for lower-quality borrowers - which is how housing bubbles burst - will be a key thing to watch in Australia.

Explainer: What might upset Australia’s ‘rock solid’ banks

The profitability of Australia's banks, which at one point were worth more than the whole of the European banking sector, may not last as margins are under pressure on two counts.

Not just house prices: Cost of home renovations in NSW surged 8%

A cooling property market has pushed renovation costs up by a whopping 8.11% for NSW homeowners.

Why CEOs fail: Australia has embraced the outsider CEO, but they can't always save the day

Studies show that outsiders have a higher likelihood of getting dismissed within the first three years of taking on the job. Evidence further shows that outsider CEOs often fail to deliver the expected turnaround of the organisation.

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China's 6.9% GDP growth rate is not the hard landing feared – and Australia can benefit

After a rocky few weeks for Australian financial markets, China’s latest economic data release should come as a relief.

Davos 2016 meeting: Technological change reshaping planet; richest 1% holds more wealth than rest 99%

It’s a world in conflict where people are unsure of the future as income disparity rises and world leaders are discussing key issues at the Davos meeting 2016.

'Millions' lost in tourism revenue after bushfire in Victoria

Some of the towns affected by the bushfires in Victoria remain closed and the exact economic damage of the incident is still being calculated.

Queensland Premier Annastacia Palaszczuk says reducing Sunday penalty rates would be 'unfair'

Annastacia Palaszczuk said she would wait for the government to reach a decision on the suggested Sunday penalty rates changes.

Shorten promises zero emissions climate change policy for Australia under Labor government

Speaking at the Lowy Institute, Bill Shorten criticised PM Malcolm Turnbull for sticking with Tony Abbott’s climate policy ahead of the United Nations Climate Summit in Paris.

Iron ore value keeps dropping, industry giants likely to collapse: analysis

The dropping value of iron ore is likely to impact producers that sell their products at higher rates.

The Trans-Pacific Partnership poses a grave threat to sustainable development

Matthew Rimmer, Professor at QUT, argues that the TPP could undermine the UN’s efforts to promote sustainable development and equality throughout the Pacific region.

Online loan scams on the rise in Australia

Online scammers continue to mislead Australians into applying for fake loans by pretending to be legitimate Australian loan lenders.

Driverless cars will change the way we think of car ownership

Studies have speculated that premiums for driverless cars could be reduced by 75%, especially if liability is shifted from drivers to manufacturers and technology companies.

Donald Trump delights on Biden's leave from presidential run, shares thoughts on his rising popularity

Donald Trump wants to go against Hillary Clinton and dishes on his race and competitors.

A real estate agent's sign outside a house shows that it has recently been sold in Sydney

Australia’s housing boom is over, says Domain report, as Sydney posts sluggish quarterly growth rate

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

Australia’s mining boom not yet over, uranium to revive the golden days, says report

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.

Experts discuss impact of reducing prices on future investment in oil sector

OPEC and non-OPEC members met in a meeting at its Vienna headquarters to discuss the risks associated with lowering oil costs.

Testing Telstra’s dominance in Southeast Asian market

Australia's biggest telco is planning an overseas expansion plan, starting with Asia.

House price growth rate falls to lowest since 2012

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

China experiences lowest economic growth since GFC

China’s economic growth slides below 7 percent, leaving senior economists worried.

Turnbull government backs bulk of Murray Financial System Inquiry recommendations

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

Costco to upset Coles-Woolworths supermarket price war with cheap grocery, fuel prices

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.

Operators aboard the Australian Defense Vessel Ocean Shield move the U.S. Navy's Bluefin 21 autonomous underwater vehicle

Selling off SA Water necessary to stabilise Australian economy: Civil Contractors Federation

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

Qantas fares to increase up to 6% by the end of 2015

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

Housing risks can be contained, says RBA

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

Obama greets Chinese President Xi Jinping

RCEP trade talks in Korea gaining global attention as the emerging Asian equivalent of US-led TPP

The focus of RCEP will be deeper economic cooperation, trade and investment.

Greg Hunt approves Adani’s Carmichael coal mine, again: experts respond

Minister Hunt’s re-approval of the Carmichael mine is not surprising, given the government’s record for supporting mining and resources projects in Australia, said one expert.

A man walks into a Centrelink, part of the Australian government's department of human services where job seekers search for employment, in a Sydney suburb, August 7, 2014. Australia's jobless rate jumped to a 12-year high of 6.4 percent in July in what c

Australia's unemployment rate remains unchanged

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

DFAT Security to strengthen commitment towards indigenous businesses

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

Telstra gets extension approval to comply with data retention laws

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

Business confidence experiences surged since Turnbull became prime minister: NAB

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

Australia risks running into recession

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

Reserve Bank of Australia (RBA) Governor Glenn Stevens (C) takes his seat for a meeting

Australia’s central bank succession in limelight: All eyes on deputy governor Phil Lowe

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

ANZ Bank’s Esanda auto finance unit gets a buyer in Macquarie

The deal will help Macquarie to scale up its total motor vehicle finance portfolio to AU$17 billion.

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