Private buyers armed with boosted confidence came back blazing on the market in June and pushed the month’s new car sales to a record high, according to the latest figures released by the Federal Chamber of Automotive Industries (FCAI) on Monday.
The rate of inflation soared for the eighth straight month in June, along with the prices of food, travel and insurance services while Australia moves closer to total employment.
Online job ads in June registered a mere increase of 0.14 percent in June, as analysts gave indications that employers for now may be on the waiting-mode for some possible effects of an early federal elections on workplace regulations.
According to a recent survey released showing another significant increase rise in the number of new jobs being offered, a surprising 30+ per cent of Australian workers are intending to change jobs soon.
For all the commotion raised regarding foreign investment in the housing sector, an overlooked feature is the foreign demand for mortgage and bank debts of Australia necessary to keep housing loans afloat and moving and prices rising.
RiverCity Motorway Group said on Friday that the toll reduction it implemented beginning Monday this week resulted to a 12 percent boost on Clem7 tunnel as about 28,415 vehicles passed through the 6.8-kilometre road on Thursday.
RiverCity Motorway Group said on Friday that the toll reduction it implemented beginning Monday this week resulted to a 12 percent boost on Clem7 tunnel as about 28,415 vehicles passed through the 6.8-kilometre road on Thursday.
Storm Financial investors who saw their savings wiped out as the Townsville-based financial services group collapsed in 2008 are set to file a class suit against the Commonwealth Bank of Australia (CBA) in the Federal Court this Friday.
With reports that the government and three major mining companies are in the brink of reaching a compromise deal on the major provisions of the resource super profits tax, mining stocks started their recoveries following an early slump on market’s opening.
New data published on Thursday suggested that consumer confidence is on the decline as shoppers were confined to simply roaming through the shops seemingly wary of spending due to rising cash rates.
Retail trade climbed by a moderate 0.2 per cent in May to $20.16 billion, coinciding with the last of six interest rate increases by the Reserve Bank of Australia since October, according to Australian Bureau of Statistics data released today.
The thought of more money on their pockets are expected to welcome Aussie workers today as the tax cuts come into effect with the Tax Office declaring that starting this financial year, even same-sex couples would be able to enjoy the same tax concessions provided to married and de-facto heterosexual unions.
Australia’s business credit experienced an annualised expansion rate of 1.2 percent over the quarter to May.
Waning hopes on the potential power of continued international growth pushed down commodities today, with copper suffering the hardest hit.
Australian mining group Macarthur Coal has urged the new Prime Minister Julia Gillard to water down and take out the revenue from the proposed resources super profit tax .
The Queensland Resources Council has temporarily put a stop to campaign ads for opposing the Federal Government's planned super profits mining tax and it will try to negotiate with the new Prime Minister Julia Gilliard.
The latest Westpac-Australian Chamber of Commerce and Industry (ACCI) survey of industrial trends showed that business conditions saw a decline in the June quarter, with the series of interest rates hikes and doubts over the European debt crisis hounding the domestic economic outlook.
The Tasmanian Government faced another controversy as it was accused of knowing the financial problems of Aurora Energy before it announced to cap power prices during the election period.
New Zealand's yearly account deficit was tapered off to its smallest amount in more than 20 years in the fiscal year to March, as exports grew and foreign investors declined.
The Construction Forestry Mining Energy Union said it will support the proposed resources super profits tax if the Federal Government agrees to put out some funds to improve the mining towns.
Australia's Treasury chief Ken Henry has called on all economists and tax experts to lay down their guns and focus on the current proposals such as the resources super profits tax.
A land and property services analyst in Canberra was appalled by the lack of national interest and support from property developers in the auction of two key city sites last Monday.
The Australian Bureau of Agricultural and Resource Economics (ABARE) reported on Tuesday that the nation’s commodity export earnings would increase by up to 23 percent to $202.5 billion in 2010/11 as compared to last year’s forecast of $164.1 billion.
China’s central bank has indicated over the weekend that the yuan would be more flexible in the coming days, though it gave clarification that significant changes should not be expected and at the last check, the Chinese currency still stands at about 6.8 against the US dollar.
Self-made billionaire Ken Talbot's roots can be traced back 40 years ago when he first started in the mining industry. He became one of the prominent figures in the mining industry in Queensland, and went on to become one of Australia's richest men.
Sales of new motor vehicles slid by 3.2 percent in May, according to the latest figures furnished by the Australian Bureau of Statistics (ABS) on Monday, but CommSec economist Savanth Sebastian characterised the decline as a mere statistical hiccup and not an indicator of weakening consumer confidence.
Federal Treasury Secretary Ken Henry told media on Monday it is too early to write off all prospects of the resource super profits tax after it was introduced to the mining sector.
Chinese Vice-President Xi Jingping's visit to Canberra yesterday was not welcomed with open arms.
The Business Council of Australia has urged the Federal Government to chuck its proposed resources super profits tax on the mining industry and provide a new one with a comprehensive public consultation.
David Jones chief executive Mark McInnes has tendered his resignation after admitting to inappropriate behavior that was “unbecoming of a chief executive to a female staff member” at two company functions.
