Economy

Mobile broadband adds $33.8b to Australian economy: report

David Ramli The rising use of smartphones and tablets led to a $33.8 billion increase in economic activity during 2013.

Economy

Retail sales edge ahead in February but fall short of expectations

The Qantas Cash Card combines Frequent Flyer and debit card functions.

Glenda Kwek Australians are continuing to splash out at the shops, as retail sales edged up in February after a strong start to the year in January.

Economy

Australia's services index in sharp drop

Spectrum Dining Review Lunch at Cafe Sopra in Alexandria,

The Australian services sector is back in contraction mode following a temporary bounce, amid concerns over the economy and upcoming federal and state budgets.

Economy

Australia could learn from New Zealand, says Martin Parkinson

New Zealand Prime Minister John Key with Australian Prime Minister Tony Abbott. The Kiwi PM wants a more distinctive flag.

Karen Maley Treasury secretary Martin Parkinson has said that Australia could learn "some lessons" from New Zealand's example when it came to laying the political groundwork for a controversial hike in the goods...

Tax

GST must rise as deficit decade looms for budget, says Treasury boss Martin Parkinson

Parkinson. AFR. 121128. Pic by Michel O'Sullivan. Pic shows portrait of Dr Martin Parkinson, Secretary, Dept of Treasury.

Peter Martin and Mark Kenny Treasury boss Martin Parkinson says the goods and services tax will have to be boosted or broadened if the budget is to have any hope of returning to surplus.

Fuel

BP refinery closure leaves Australia more reliant on fuel imports

A customer holds a gas pump at a BP Plc gas station in London, U.K., on Monday, June 26, 2010. Robert Dudley's biggest challenge at BP Plc will be to ensure the London-based company's survival in the U.S., where it's the largest oil and gas producer. Photographer: Jason Alden/Bloomberg

Brian Robins The full closure of BP's oil refinery in Brisbane would result in Australia supplying only around one third - or less - of its own petrol and diesel.

Employment

Job vacancies rebound for February

employment

Glenda Kwek Job vacancies have risen by 2.6 per cent in the three months to February, as available positions in public and private sectors lifted after weakening in the previous quarter.

Ecodata

Building approvals fall five per cent in February

Homes from the air. Generic housing, homes, suburbia, aerial. Tuesday 14th February 2012 AFR photo Louie Douvis job# 157267

Glenda Kwek Total building approvals were weaker-than-expected in February after a strong start to the year.

Economy

Is the world going to run out of food?

News, 
Wheat harvest at Oxton Park near Harden. Headers work after dark using headlights.
Filed: Thursday, 12 December 2013 2:52:51 pm 
Photo by Rohan Thomson, The Canberra Times

Eduardo Porter Two centuries ago a dour Englishman predicted that exponential population growth would condemn humanity to the edge of subsistence.

Michael Pascoe

For the RBA, timing is everything when you're saying very little

Reserve Bank Governor Glenn Stevens

Michael Pascoe The Reserve Bank has effectively said nothing new about the economy, the currency, or interest rates, but it hasn't "not said" anything either.

Cash rate

Australian dollar jumps as RBA keeps official cash rate on hold

Glenn Stevens

Glenda Kwek The Reserve Bank has kept the cash rate at a record low of 2.5 per cent for its seventh straight board meeting, with the announcement pushing the Australian dollar above US93c.

Regulation

ASX seeking to scrap ownership rules

Generic photo of the ASX  board in Melbourne.I

Georgia Wilkins The Australian Securities Exchange has stepped up its push to abolish ownership rules that restrict entities from holding a more than 15 per cent stake in the bourse.

Real estate prices

Home prices surge higher, Melbourne leads the way

Melbourne

Glenda Kwek Home prices have surged in March in a sign that the boom in the property market is continuing after a pause in February.

Economy

Manufacturing slows for fifth-straight month

Glenda Kwek Manufacturing activity has contracted for the fifth-straight month as weak local demand and the recent rise in the Australian dollar hurt the sector, a new survey has found.

Rates

Glenn Stevens' speech key with RBA stuck on the sidelines

Reserve Bank Governor Glenn Stevens.

Glenda Kwek The Reserve Bank is widely tipped to sit on the sidelines for another month as it tries to balance the impact of the housing market boom, the recent surge in the Australian dollar and the rise in...

Economy

Australia not lucky, just isolated says Saxo Bank chief economist Steen Jakobsen

Supplied portrait of Steen Jakobsen who is the chief economist at Saxo Bank. 9th of january 2014

Philip Baker The year 2014 might be one for investors to take off and go play with the kids, says Saxo Bank's chief economist, who says Australia reminds him of pre-Thatcher Britain.

Housing

New home sales reach near three-year high

New home sales are at a near three-year high, driven by a boom in detached house sales.

Takeover

Seven seeks to take control of Nexus

Don Voelte

Brian Robins Five years ago, Nexus Energy was a promising $1.1 billion oil and gas outfit with a suite of assets and a bright future.

On rise

Inflation continues to rise: survey

Glenda Kwek Consumer prices edged slightly higher this month to keep inflation at 2.7 per cent, a private survey has found.

Bubble fears?

Housing bubble fears: property prices could fall 10 to 20 per cent

housing

Christopher Joye The $4 trillion Australian housing market is now overvalued by at least 10 per cent. Every day, valuations get more stretched.

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