Glenda Kwek

Glenda Kwek is a business reporter at The Sydney Morning Herald. Email or tweet her with your news tips.

Currencies

Dollar slips on back of US, China data

dollar

Glenda Kwek The Australian dollar has started the week on a softer note, after a stronger-than-expected US jobs report and weaker Chinese trade data pushed the currency lower by almost one cent.

Glenn Stevens takes steady approach on dollar

glenn stevens rba

Glenda Kwek Reserve Bank governor Glenn Stevens passed over the opportunity to talk down the Australian dollar even as the currency soared to a three-month high, stoking suggestions the central bank could be...

Industry

Not dying, changing: RBA chief highlights manufacturing success stories

Reserve Bank Governor Glenn Stevens.

Glenda Kwek RBA governor Glenn Stevens says while there has been plenty of pain in manufacturing, we shouldn’t forget the success stories.

Rates

Interest rates stuck on hold despite unemployment

Glenda Kwek Interest rates look set to remain at the same levels for a period of time, even as the jobless rate continues to rise.

Currencies

$A at 2014 high - but RBA chief avoids jawboning

dollar

Glenda Kwek The Australian dollar has surged to a three-month high after a string of strong economic figures drove up confidence about the economic outlook.

Economy

Australia's GDP figures beat expectations

Mining sector lets down Glencore Xstrata's hopes.

Glenda Kwek Consumers spending more and saving less has helped the Australian economy grow by a stronger than expected rate in the last three months of the year.

Currencies

$A readies for another crack at US90c after GDP surprise

Australian dollar.

Glenda Kwek The Australian dollar rose higher on the back of better-than-expected fourth-quarter growth figures, shrugging off the Reserve Bank of Australia's latest attempt to talk it down.

Economy

Reserve Bank keeps cash rate on hold as home building continues to climb

Glenda Kwek The Reserve Bank has resumed its jawboning on the need for a weaker Australian dollar as it kept the cash rate on hold amid further signs of growth in the housing market.

Economy

Jawboned: RBA indicates Australian dollar needs to fall further

Reserve Bank Governor Glenn Stevens.

Glenda Kwek The Reserve Bank of Australia has kept the cash rate on hold at a record low of 2.5 per cent, but indicated it wants the Australian dollar to keep falling.

Housing

Housing recovery gains steam as building approvals soar

Detached housing

Glenda Kwek Building approvals have jumped to their highest monthly growth in more than a decade, with strong rises for both detached houses and apartments, as Australians continue to take advantage of record...

Interest rates

Interest rates preview: what to watch for in RBA statement

Reserve Bank of Australia.

Glenda Kwek The Reserve Bank is keeping a watchful eye on a series of economic indicators even as it signals a "period of stability" for interest rates.

Economy

Fruit and veg will keep RBA on the sidelines and interest rates on hold

Fresh fruit and vegetables.

Glenda Kwek Amid another round of very mixed economic data, it's a the rise in consumer prices, including fruits and vegetables, that is set to keep the Reserve Bank sitting on the sidelines.

Jobs

Job ads show strong growth in February

Public sector job prospects in the ACT collapsed last year.

Glenda Kwek Job advertisements have risen strongly in February after a flat start to the year.

Economy

'Worrying signs': inflation lifts again as fruit and vegetable prices rise

Wangi Wangi IGA Supermarket

Wangi Wangi IGA Supermarket. One of the supermarket's managers, Dean Gardner, tends to the fruit and veg display. For ad feature on Wangi Wangi. Nov 2013. Picture by David Stewart

Glenda Kwek Australian consumers had to shell out more for fruits and vegetables in February as inflation rose again.

Property

Sydney presses on as house price growth takes a breather

house for sale

Glenda Kwek Sydney home prices have continued to rise in February, despite an overall flat month for the Australian market.

Economy

Australian manufacturing takes another backward step

Bluescope Steel manufacturing plant at Port Kembla.  generic steel coil farm on the production line. industry, workers, colourbond. Wednesday 8th June 2011 AFR photo Louie Douvis job# 147927

Glenda Kwek Australian manufacturing activity has slowed for the fourth straight month.

Economy

GDP forecasts cut as Australian businesses' spending intentions fall

Economics

Glenda Kwek Australian businesses' spending plans have recorded their biggest fall since the GFC.

Economy

New headache for RBA as business spending expectations fall

An employee of Electrolux.

Glenda Kwek The Reserve Bank of Australia is facing a new headache as a big drop in company spending adds to the evidence that the rest of the Australian economy is struggling to take up the slack from the...

Economy

Housing construction weak despite fertile conditions

Home building

Glenda Kwek Housing construction fell towards the end of the last year amid signs that the economy is taking longer than expected to rebalance as the mining investment boom fades.

Stocks

Miners weigh down Australian share market after mixed day

ASX trading floor, Generic, Australian Securities Exchange, Stocks, shares, trading, share price, 19th of July 2013 Photo Sasha Woolley

Glenda Kwek The sharemarket ended a seven-day winning run on Tuesday after earlier in the session rising to its highest since June 2008, in a mixed reaction to US stocks scaling record highs, some strong...