The Economy: Growth Jumps, Surprising Gloomsters
The Australian economy isn't dying in a ditch or sliding towards a recession; yesterday's national accounts for the June quarter make that clear.
Survey Shows Australian Households Spending Wiser
A recent survey revealed that Australian households' fuel and power bills are only taking up the same portion from our budget as they did six years ago, while petrol spending is even lower. Household income has rose 50 per cent since 2003-04, compared to hike of prices which have increased 19 per cent. Spending grew 38 per cent.
Q2 Figures Show Australian Economy's Resilience
Australia's economy proved to be stronger than expected in the second quarter, recovering from the devastating floods that disrupted coal and agricultural production earlier this year.
New York Turns the Page from 9/11 Trauma
Speaking only days before the 10 year anniversary of the September 11, 2001 attacks, the mayor Michael Bloomberg has earlier in the week described lower Manhattan's recovery and facelift as "one of the greatest comeback stories in American history" according to New York Daily News.
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Queensland Has Power Generation Deficit, Needs New Investments
The Australian Energy Market Operator (AEMO) said Queensland will need additional investments for its power generation sector to meet the expected deficit by 2013 to 2014.
Salmonids Surpass Rock Lobster as Most Valuable Fisheries Product
Salmonids, predominantly consisting of trout and Atlantic salmon, have surpassed rock lobster as Australia’s highest earning fisheries product.
Business Failure up 25 Percent in Second Quarter - Dun & Bradstreet
Dun & Bradstreet reports that business failures reached nearly 3,000 in June quarter and if the trend continues, the number of insolvencies this year may reach more than 10,000 surpassing last year's figures
Small Business Sentiment Deteriorates in June Quarter
Trading conditions and confidence in small business continued to deteriorate over the June quarter, with all the actual and expectation indicators for small business falling below their five year averages over the quarter, the August 2011 ACCI Small Business Survey shows.
Economies: China’s Still Travelling Well, Pity About The Rest
Well, I'd take the latter, over the former, which remains a fiddle and of no lasting importance except, hopefully, to remove the threat of the US defaulting on its debts.
Economic uncertainty spells recruitment slowdown
Research released this week has revealed that the demand for 10,000 skilled workers has closed to just 1,000 since March this year.
US Economy: Weaker Than Thought
There's no way to hide the unpalatable fact: the US economy, the world's biggest, has stalled and prospects of a slide into recession can't be dismissed, especially if the debt ceiling remains unresolved.
Farming the cities, feeding an urban future
As people move from rural to urban settings in search of economic opportunities, urban agriculture is becoming an important provider of both food and employment, according to researchers with the Worldwatch Institute.
US: Economy Slowing Ahead Of Update, Debt Deadline
Tonight we get the first estimate of US second quarter economic growth and the news is not expected to be convincing. Growth estimates from confused American economists range from around 1.3% to 2.5%, with consensus at around 1.9% (all annual rates), or unchanged from the weak first quarter.
Theft is on the rise in a worsening economy
It is not strange to hear about cars, jewelry or money being stolen. These days, desperate thieves are choosing bizarre targets: copper wires, air conditioning units, storm drain covers, grapes, ambulances, pain killers and even bees.
The Economy: Inflation Remains Major Concern
Despite yesterday's higher than expected inflation figures, does anyone seriously expect the Reserve Bank to lift interest rates next Tuesday? Certainly all that silly talk about a rate cut has been exposed for what it was: nonsense, even though Westpac was sticking to its call yesterday.
Consolidation of seed companies leading to corporate domination of world food supply
Throughout the history of agriculture across the globe, farming has always been a diversified sector of the economy. Small, self-sustaining, family farms were the order of the day in most cultures.
The Economy: RBA Governor Sets Market Right On Spending
Reserve Bank Governor Glenn Stevens has once again demolished a storyline from the investment markets that had developed about retailing and consumer spending.
The Economy: Inflation To Ease?
Inflation and interest rates will grab the headlines in Australia this week with the all important June quarter consumer price index figures due out on Wednesday.
Australian Dollar Outlook 07/21/2011
The Australian Dollar has opened higher this morning and is currently trading above USD 1.0700, following a strong night on equity markets and improved investor risk appetite.
Agribusiness affected by rising costs, remains confident about the future
A recent report from the Westpac and Charles Sturt University Agribusiness index revealed that agribusinesses were affected by rising operating costs, the high rate of the dollar and a poor wine season.
NZ: Economy Up Sharply, Despite Quakes
There have been three major disasters in the first three months of this year in the Pacific region: the Japanese quake and tsunami ranks the highest for the human and financial costs, followed by the Christchurch quakes in New Zealand and then the Queensland (and Brisbane) floods and cyclone.
NZ: Economy Up Sharply, Despite Quakes
There have been three major disasters in the first three months of this year in the Pacific region: the Japanese quake and tsunami ranks the highest for the human and financial costs, followed by the Christchurch quakes in New Zealand and then the Queensland (and Brisbane) floods and cyclone.
Australian cities too expensive for expats
Sydney has jumped up the list of countries too expensive to live in for skilled expatriates, according to a survey by business consulting firm Mercer.
Housing finance grows amid rate calm
A stable interest rate environment is working to turn consumer confidence around and sparking a recovery in housing, according to peak building and construction organisation Master Builders Australia.
Business conditions, outlook in Australia on a sharp decline
The prospect of rising interest rates and taxes, escalating global concerns and uncertainties, the appreciation of the Australian dollar and weak consumer sentiment has led to a decline in business conditions and sentiment in Australia.
Australian study underscores importance of cross-breeding in banana production
A joint research conducted by Australian and European experts suggested that banana cross-breeding will lead to improved production and make the crop more robust in deflecting pests and diseases.
Economy 2: Job Ads Up, But ANZ Sees Future Weakness
The softness in the Australian labour market was underlined by yesterday's ANZ job ads survey for June.
Economy 1: Retail Sales Fall, Building Down, Up
No rate rise today, and possibly not in August.
US Economy: Small Improvement, No One Happy
The US government revised its final figure for first-quarter economic growth to 1.9% Friday night, our time, up from its earlier estimate of 1.8%, but the improvement provided no joy to the markets.
Feature: Yes, The Wall Of Worry Has Grown, But...
The AMP's chief economist and strategist, Dr Shane Oliver updates his Wall of Worry report from may, which was pushed a little higher yesterday with the US Federal Reserve cutting its 2011 and 2012 growth forecast for the US and lifting its estimates for inflation and unemployment.
Growth: China, US, Europe Slowing
Now we have the US and Chinese economies definitely slowing.
The Economy: RBA Reluctant To Move Rates Higher
The Reserve Bank is trying to convince us that it is serious about another rate rise, but it is just as reluctant not to pull the trigger because of the weak state of large parts of the domestic economy.
The Economy: Export Boom Still Happening
Australia's commodity export earnings are forecast to top a quarter of a trillion dollars, a record in the 2011-12 financial year that starts in nine days time.
The Economy: Why Savings Are Rising
The reticence of Australian households to spend has been well-documented, but yesterday we got news that was mixed, to say the least about why they are saving.
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