Economy

Jobs market shows more strength

Jacob Greber Employment rose for a fourth straight month, supporting the Reserve Bank’s view the jobless rate might be close to peaking and bringing forward the timing of future rate hikes.

Eco

NBN Co needs another $1.4bn from taxpayers

Bill Morrow NBN

David Ramli and James Hutchinson NBN Co has asked the Federal Government for up to $1.4 billion more in taxpayer funds to adjust its fixed wireless and satellite business.

Rates

RBA keeps rates on hold again

RBA

Glenda Kwek The Reserve Bank has left the cash rate at a record low of 2.5 per cent for the ninth consecutive month as it continues to flag a period of stability for monetary policy.

Economy

Surprise drop in exports weighs on trade surplus

Exports

Australia’s trade surplus has narrowed, driven by a fall in mining exports, but economist see a strong growth trend still intact.

Property

Asian appetite for Australian houses tipped to grow

For sale

Bianca Hargte-Hazelman A lack of momentum in Chinese property means that the Australian housing market is likely to become even more attractive in the short term.

Economy

Confidence slumps on budget cuts fears

Late night shopping extended in city centre (Thumbnail)

Glenda Kwek It's the first gauge of consumer sentiment since potential budget nasties have been making headlines, and the result isn't good for the federal government.

Economy

Growth signs no game changer for RBA

RBA

Glenda Kwek The Reserve Bank is set to stick to its guns on a stable outlook for interest rates, even as new data pointed to further signs of a turnaround in the jobs market and an increase in consumer prices.

Employment

Australian job advertisements rise for the fourth month in April

Australian job advertisements in newspapers and on the Internet rose for a fourth straight month in April, a further sign that demand for labour is recovering from a long fallow period.

Agribusiness

Investors shun chances to cash in on Asian dining boom

Chia growing in a field

Jared Lynch Welcome to the unfortunate financial realities of Australia's agriculture sector.

Retail boss Mark McInnes blasts Labor, slams high wages

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friday april 19 2013
mark mcinnes talking at the trans tasman business circle lunch
pic josh robenstone
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Eli Greenblat Former David Jones boss Mark McInnes has introduced a speech by federal treasurer Joe Hockey with a blistering attack on the previous Labor government's management of the economy.

Consumers

'Protein-seeking behaviour': Why Kellogg's cereal sales keep falling

Frosted Flakes

Kellogg's cereal sales are falling, and the company expects the trend to persist even as it launches a major ad campaign touting the nutritional benefits of cereal.

Housing

Queensland drives new home sales growth

Home building

New home sales were up 0.2 per cent in March and 5.8 per cent in the March quarter, the Housing Industry Association said.

Mogul

Billionaire Paul Ramsay dead at 78

Portrait of Paul Ramsay

James Thomson Paul Ramsay, the billionaire founder and chairman of private hospital operator Ramsay Health Care, has died after a short illness.

Health

Medibank float gets boost from Audit Commission

Jessica Gardner The value the Abbott government could earn from the float of Medibank Private would be boosted by recommendations in the National Commission of Audit that could dramatically increase the number of...

Online

Jimmy Choos cheaper at home, thanks to $A

The Jimmy Choo 'Evelyn' can now be had more cheaply online from Australian retailers than from the US.

David Fickling With a falling Australian dollar and local retailers sharpening up, some online fashonistas are shopping less offshore.

Economy

Commission of Audit: What's in it for business?

Australia Post

Peter Martin Australia Post, Snowy Hydro, the Moorebank Intermodal company and the Australian Rail Track Corporation are among the prizes for businesses in the government's National Commission of Audit report

Real estate

Chinese buyers mean rate rises won’t burst housing bubble: UBS

Detached housing

Sally Rose The rising influence of Chinese investors in the Australian property sector means the Reserve Bank of Australia has lost its ability to use the official interest rate as a tool to protect Australian...

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Real estate

Australian home values cool down

Rp Data

Antony Lawes and Toby Johnstone There is more evidence that surging property prices are turning buyers away, with the latest data suggesting only nominal growth over the past month.

PMI

Manufacturing slumps again

An employee of Electrolux adds components to a fridge at the Electrolux Factory in Orange, NSW. The future of the factory is unclear at this stage but managment is trying to improve efficiency and production to keep the factory open. generic factory manufacturing fridges industry union employment photo taken on the 11th of June 2013 PHOTO DOMINIC LORRIMER

Manufacturing activity has slumped again, sparking warnings that any tax hikes in the government's May budget could pile more pressure on the industry.

Tax

Google Australia's tax bill jumps tenfold

Google

Nassim Khadem Google Australia's tax bill has risen more than tenfold to $7.1 million.