Rising food prices and the upward trend of inflation levels are the most pressing concerns that the Reserve Bank of Australia (RBA) must weigh in once it reconvenes on Tuesday to determine the cash rate that will be in effect for February.
The changing landscape of the retail industry pushes into forefront the increasing attractiveness of online operators, which industry players said have been enticing both consumers and investors attentions for their value offerings and return promises.
NSW households have turned their back on credit cards, slashing card debt by 20 per cent and trimming the number of cards owned. And, it was all done in the pre-Christmas period – traditionally a time of big card spending.
Households in regional Western Australia are streaking ahead of Perth residents when it comes to financial well-being, according new data released today.
South Australians have gradually cut their daily water consumption by a third in the last decade based on figures compiled by the Australian Bureau of Statistics (ABS).
Record flooding continues to threaten homes and farmland across large parts of Australia.
Australia's inflation rate rose a less-than-expected 0.4 per cent in the fourth quarter of 2010 and 2.7 per cent from a year earlier, official data shows.
Australia’s accommodation industry is confident there will be numerous benefits for the sector resulting from four just-completed screenings in the US of Oprah Winfrey’s Australian show.
Ten years ahead and Australia will be a sporting a new identity as a new report predicts of radical changes in the way the average Australian earns a living, chooses a house and whiles away leisure time, if that moment is still a possibility by the next decade.
Small businesses are urging the government to exempt them from the $500 fee for complying with the government’s the anti-money laundering service AUSTRAC beginning July 1.
Interest rates are expected to rise sooner as Queensland rebuilds damage incurred during the devastating floodwater says economists.
The Australian TD Securities - Melbourne Institute monthly inflation gauge lifted 0.2 per cent in December, with price increases for fuel, fruit and vegetables, holiday travel and accommodation contributing the most to the rise, according to data released on Monday.
An estimated 17,232 households failed to pay their gas bills in 2010, a 2.5 percent rise compared to the year before says a report made by the Economic Regulation Authority.
The floods in Queensland are being blamed on one of the strongest "La Niña” weather phenomenon case in the world to date that led to unusually less rain to the South America near along the eastern Pacific and more rain to the western Pacific.
Brisbane residents are being advised to move to higher ground as heavy rains continue to pour in the state as authorities fear that the death toll from the floodwaters will continue to rise.
The total number of jobs advertised in major metropolitan newspapers and on the internet rose for the eighth consecutive month, the ANZ Job Advertisements Series shows.
Australian executives are positive on the economic outlook for 2011, despite weakness in consumer spending, according to a business expectations survey by Dunn & Bradstreet.
The South Australian government is sending a State Emergency Service crew to help rescue efforts in Queensland in addition to increasing its contribution from $300,000 to $1 million.
Flood damages to coal hauler QR National’s rail network could reach $46 million, severely affecting the company’s earnings for the fiscal year, says analysts.
Retail trade increased in November 2010 with turnover rising by 0.3 percent from a 0.8 percent decline in October.
As major Australian retailers push for tax for online purchases, Australians are forecast to spend $36.8 billion by 2013 says PayPal Australia.
Queensland’s floodwaters struck a blow to local tourism in addition to losses incurred from production losses in the mining and agriculture industry.
Australia’s north-east is expecting more heavy rainfall that will only worsen the already flooded state.
The Insurance Council of Australia (ICA) has re-affirmed the commitment and focus of the general insurance industry in assisting policyholders affected by the Queensland floods.
Australia's largest soft-drink manufacturer, Coca-Cola Amatil Limited, is predicting lower earnings for the last half of 2010 due to difficult weather conditions in the country during the past year.
Australia’s services sector showed signs of under performing in December according to the recent Australian Industry Group/Commonwealth Bank Australian Performance of Services Index.
Australia's services sector continued to underperform in December largely due to falls across the professional services sub-sectors including property & business services and finance & insurance, all of which were affected by the ongoing interest rate rises and strong exchange rates.
Australia’s job market showed signs of improving as job vacancies were up by 3.2 percent in 2010 compared to the previous year reports job agency IPA Recruitment.
Queensland residents severely affected by the worst flooding in decades are urged to seek assistance via the Australian Government’s Disaster Recovery Payment.
The Queensland flooding has hit major commodity supplies like wheat, coal and sugar sparking speculations of a crisis for the year.
