Retail sales jump, building slumps
  (Category: Financial News )
ABCNews By Online business reporter Michael Janda (edited) Updated Wed Jul 1, 2009 2:36pm AEST The latest official economic data has revealed a stark contrast between rising retail sales and a surprise slump in building approvals. A 1 per ...

  China Manufacturing Expands a Fourth Month, PMI Shows
  (Category: Financial News )
July 1 (Bloomberg) edited -- China’s manufacturing expanded for a fourth month as a 4 trillion yuan ($585 billion) stimulus plan and record bank lending revive the world’s third-largest economy. The official Purchasing Managers’ Index rose ...

  Banks raking it in amid financial crisis
  (Category: Financial News )
A Reserve Bank report into banks' interest margins has found that they have grown during the global financial crisis. Australian banks increased their interest margin (the gap between the rate they borrow for and the rate they lend at) by an avera...

  Trading places: Japan gives Chinese elbow
  (Category: Financial News )
JUST a year after being knocked off by China as Australia's biggest trading partner, Japan has soared back to the No 1 spot. Trade statistics for last year, released yesterday, show Japan's two-way trade with Australia jumped 39 per cent, thanks c...

  Trade turnaround keeps Australia in the black
  (Category: Financial News )
AUSTRALIA'S economy expanded in the March quarter while the rest of the developed world slumped, figures showed yesterday, unleashing a wave of confidence across local markets. Amid deteriorating business activity, a stunning trade performance hel...

  Pain won't last long
  (Category: Financial News )
THE Australian economy will officially enter the recession this week, but economists and financial markets hope the subsequent recovery will be sharper than previously expected, despite the bleak global outlook. The Reserve Bank is expected to kee...

  China trade 'benefits Aussie households'
  (Category: Financial News )
Australian households receive more than $3,000 worth of direct benefit every year from Australia's strong trade relationship with China, a report has found. According to the report, commissioned by the Australia China Business Council (ACBC), the ...

  Economists doubt return to surplus in five years
  (Category: Financial News )
ECONOMISTS have questioned the budget's projection that the record deficits will be returned to surplus within five years, amid concerns the spending cuts and fiscal stimulus are not tough enough to rescue Australia from the red. However, most fin...

  REPORTS of the death of the Australian shopper have been exaggerated.
  (Category: Financial News )
... there are enough tentative signs of encouragement - a rising sharemarket, a boost to sales - to suggest the ferocity of the contraction(economic) may yet be contained. Retail sales figures jumped 2.2 per cent in March, the ABS said yesterday. ...

  A pause, but Reserve Bank governor holds out hope of further rate cuts
  (Category: Financial News )
HOME OWNERS can still expect lower borrowing costs this year, economists said, even after the Reserve Bank left interest rates unchanged yesterday. The Reserve's governor, Glenn Stevens, struck a relatively upbeat tone in a statement explaining th...

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