ECONOMY

Thousands of Australians are eligible for tax benefits as a result of the ATO’s response to a recent High Court decision.

Once again many market economists and media commentators have been brought undone by the economy.

In 2009, more than 132,710 households in Australia are millionaires, according to a Boston Consulting Group survey. In 2010, personal wealth fell in spite the mining resources boom.

With the Memorial Day weekend which heralds the arrival of summer now a mere memory, market players will refocus their attention on the U.S. economy.

Australia envisions becoming a world-leading digital economy by the end of the decade by fully realising the benefits of the National Broadband Network (NBN).

In spite of the Greek government’s recent assertion that they could avoid debt restructuring through strict adherence of austerity measures, European leaders have, nonetheless, been working to negotiate a deal to aid the fiscally-troubled Eurozone nation.

The chances of a slide in the economy in the March quarter increased yesterday.

A recent survey discloses that the Australian new home sales show indication of falling to levels during the global financial crisis as it currently appears flat.

Fact can indeed be stranger than fiction.

Any hope for a steady recovery of the U.S. economy is heavily dependent upon U.S. consumers to support future growth, given that consumer expenditures account for more than 60% of GDP.

Do you want the bad news, or the good news about the latest private investment figures? Well, the good news is that the boom is alive and will be bigger than forecast in 2011-12.

There's a strong message for Australia and investors from the latest half yearly review of the world economy from the Organisation for Economic Co-Operation and Development (OECD).

Visa announced that supermarket giant Woolworths has agreed to use its new contactless payWave payment system. Visa's new system allows customers to make purchases of under $100 without signing or using a PIN. This new system has raised valid security concerns with industry insiders.

Environmental Defense Fund (EDF) today announced the findings of a major study analyzing the impact of information-based energy efficiency programs at eleven utilities across the country. The report identifies energy reductions that could generate billions in savings for Americans and reduce carbon (CO2) emissions by more than 8.9 million metric tons per year if extended nationwide.

The United States and Hong Kong shared the top slots in the IMD 2011 World Competitiveness Rankings, while Australia fell four steps

Australia has no foreseeable risk to food security, according to Global food security: facts, issues and implications, released today by the Australian Bureau of Agricultural and Resource Economics and Sciences.

As households evaluate their finances due to the interest rate increase the consumer confidence hit rock bottom in May.

First it was retail sales for March, then the labour force figures for April; now housing finance data for March has come in weak and surprisingly so.

Net inflows of foreign direct investment to the Philippines declined in the first two months of the year, pulled down by a slump in February,

The components of the European markets continue to diverge and are reflected in the strength of the German economy relative to peripheral economies.

The CBI expressed "cautious optimism" for "slow but significant growth this year and next". It is predicting 1.7 per cent growth this year and 2.2 per cent the next, in line with its last forecast in February and a little weaker than the government and the Bank of England expect.

RBA quarterly statement more hawkish on monetary policy - Inflation expectations increased - The RBA's statement implies current rate expectations are too benign - June rate hike now seen as more likelyBy Chris ShawOn Friday the Reserve Bank of Australia (RBA) released its quarterly statement on m...

Consumer Metrics Institute Members News: May 5, 2011 - Resumed Downturns, Retail Sales and Consumer ConfidenceLakewood, ColoradoAfter a week-long pause our Daily Growth Index resumed its movement into record territory, setting a new all-time low representing a 6.

Indonesia’s economy, getting a boost from strong private consumption and investment flows, expanded by 6.5 percent in the first quarter compared to the year before, the Central Bureau of Statistics has reported

Inflation in the Philippines gained speed to 4.5 percent in April, after 4.3 percent in March, the government National Statistics Office has announced

Health, Labor and Welfare Ministry reported on Tuesday a decline in average monthly wage rates in March while the Nikkei Business Index took its steepest decline ever in the same month.

Australian Treasurer Wayne Swan said next week's federal budget is forecasting an additional 500,000 jobs, with the aim of reducing the nation's unemployment rate to 4.5%.

On Friday, China's currency the yuan, broke past 6.50 against the US dollar, its highest official level since a currency revaluation in 2005.

A nascent growth in manufacturing activity in the Philippines slowed in February in terms of both volume and value of production, according to newly released government statistics.