Result Page 82 for Latest Economy News & Archive

Consumer survey says mortgage demands down by 15 percent

A consumer credit survey has revealed Wednesday that home mortgage applications posted in the March quarter declined by 15 percent following the government’s decisions to return first home buyers grant to pre-financial crisis level.

Trade missions to uplift Queensland economy: AIG

The Australian Industry Group on Wednesday that government should not underestimate the importance of trade missions to further develop the businesses in Queensland.

Tax break on savings is a plus for banks: economists

Economists forecast that banks will face difficulties to apply out-of-cycle interest rate increase on home loans if the Henry tax review by the Federal Government will implement a tax break on savings.

First homeowners are satisfied with first purchase

An online survey revealed that majority of Australians who acquired their first homes in the last two years are contented.

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BHP faces $2.7M graft scandal

Trouble looms over BHP Billiton as it faces a controversial a graft scandal on its exploration project in Cambodia.

Interest rates seen to reach 5.25% by year end on economic growth forecast

The anticipated growth in the iron ore and coal sectors are pushing the Reserve Bank of Australia to increase interest rates, according to the minutes of the central bank's board meeting in April showed.

ABS data shows that soaring exports increase nation’s trade surplus

The Australian Bureau of Statistics (ABS) has announced Thursday that the country achieved its first trade surplus in 13 months, with its balance of goods and services surpluses reaching a seasonally adjusted $134 million in April, coming from the March revised deficit of $2.04 billion for a turnaround of $2.174 billion.