Tag: Economic Trends
PM backs Budget surplus to fight slowing economy
Kevin Rudd says building a buffer for the future through a large budget surplus is right for the times. [MORE]
Market buoyed by commodities
Strength in commodities pushed the miners up and helped the overall share market today.[MORE]
NT economy bucks national downward trend
A nationwide study shows Northern Territory businesses are faring better than their southern counterparts in Australia's economic downturn.[MORE]
Big four banks lower fixed rates
The big four banks have dropped their fixed interest rates as the pressure on funding costs ease.[MORE]
Rudd blames 'smiling predator' Costello for economic woes
The PM has taken a swipe at former treasurer Peter Costello, calling him a 'smiling predator' in anticipation of economic turmoil.[MORE]
Aristocrat profits halved on US downturn
Gaming company Aristocrat Leisure says its disappointing profit outcome for the June half is a result of economic weakness in its two biggest markets.[MORE]
Capital expenditure rises 5.7pc in June quarter
The value of spending on capital has risen by more than expected in the June quarter.[MORE]
Inflation deflating women: report
A new report has found that the wellbeing of women is greatly affected by rising inflation.[MORE]
Rudd failing business: Turnbull
Malcolm Turnbull accuses Kevin Rudd of failing business sector amid confidence slump.[MORE]
Shopping downturn leads to job losses
An new survey shows many ACT small businesses are having to cut staff because of low consumer demand.[MORE]
40pc of companies cutting jobs: Sensis
A survey has found that four out of every 10 businesses have cut their workforce since May because of the deteriorating economy.[MORE]
Turnbull blames Govt for consumer confidence drop
The Federal Opposition wants the Government to take responsibility for a slump in Australian consumer confidence.[MORE]
Poor struggle as rat meat prices soar
The price of rat meat has quadrupled in Cambodia this year as inflation puts other meat beyond the reach of poor people, officials say.[MORE]
Banking losses outstrip energy gains on market
The banking sector's weakness largely outstripped the gains in the energy sector today.[MORE]
Creating regional hubs will lower food costs: Freightlink
The company which owns and operates the railway between Darwin and Adelaide is proposing to develop regional food hubs which would lower grocery costs in remote Northern Territory communities.[MORE]
Ageing population 'a greater threat than climate change'
The National Seniors group has warned that Australia's ageing population will bankrupt the country if the aged pension is not overhauled.[MORE]
Construction down over June quarter
There has been a slide in the value of construction work done over the June quarter, in another sign of a slowing economy.[MORE]
Rio Tinto bolsters case against BHP takeover
Rio Tinto has used the company's strong half-year results to bolster its case against BHP Billiton's takeover bid.[MORE]
Qld Govt urges RBA to cut rates by 0.5pc
The Queensland Government has urged the Reserve Bank of Australia (RBA) to cut interest rates by 0.5 per cent next week.[MORE]
Miners lead local market recovery
Australian stocks have rebounded to defy Wall Street's steep falls overnight. [MORE]
Rio Tinto profits surge
In the six months to the end of June Rio Tinto's net earnings have risen to $8 billion, up 113 per cent on the same period in 2007.[MORE]
Govt says Opposition threatening surplus
The Government and Opposition have spent the first day of the resumption of Parliament blaming each other for the country's economic woes.[MORE]
Job cuts won't affect quality of publications: Fairfax
Fairfax Media says the quality of its journalism will not be affected by its decision to cut 500 jobs from its workforce.[MORE]
Fosters posts 88pc profit dive
Wine and brewing firm Fosters has posted a half year loss after slashing the value of its Australian and Californian wine assets by more than $700 million.[MORE]
Rural authority unfazed by rising farm debt
The Queensland Rural Adjustment Authority says it is not concerned by increasing rural debt in Queensland.[MORE]
