Result Page 7 for Latest Economy News & Archive

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.

More news

Testing Telstra’s dominance in Southeast Asian market

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

Anne Lu Oct 21, 2015

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.

Shayani Mukherjee Oct 20, 2015

China experiences lowest economic growth since GFC

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

Shayani Mukherjee Oct 20, 2015

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

Geraldine Chua Oct 20, 2015

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.

Keisha Miller Oct 19, 2015

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.

Susmita Pathak Mishra Oct 19, 2015

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.

Shayani Mukherjee Oct 18, 2015

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.

Shayani Mukherjee Oct 17, 2015

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.

Kalyan Kumar Oct 17, 2015

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.

The Conversation Oct 16, 2015

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.

Susmita Pathak Mishra Oct 15, 2015

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.

Debleena Sarkar Oct 15, 2015

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.

Debleena Sarkar Oct 13, 2015

Business confidence experiences surged since Turnbull became prime minister: NAB

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

Debleena Sarkar Oct 13, 2015

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.

Shayani Mukherjee Oct 13, 2015

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.

Kalyan Kumar Oct 12, 2015

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.

Kalyan Kumar Oct 12, 2015

Glencore axes 1600 jobs worldwide; shares plunge by 30%

Glencore has decided to reduce 500,000 tonnes of Zinc production per year through various sites in Australia, Kazakhstan and South America.

Shayani Mukherjee Oct 10, 2015

TPP agreement's effects on health industry in doubt

The Australian health industry is watching the Trans-Pacific Partnership closely after the agreement was signed following five years of secret negotiations.

Charmaine Wong Oct 09, 2015