Thursday, 30 April, 2015
Concern about a deteriorating economic outlook and a resurgent Australian dollar will force the Reserve Bank to cut interest rates on Tuesday, taking the official cash rate to an all-time low of 2 per cent and discounted mortgage rates to just 4.55 per cent. The Australian dollar touched US80¢ on Thursday , a level the Reserve Bank governor Glenn Stevens has previously said was well above its fundamental value. The RBA is acutely aware that the upcoming […] Read More
Monday, 13 April, 2015
This week’s jobs figures are unlikely to give jobseekers a reason to smile, because employment growth is only just managing to keep up with population growth. The number of Australians with jobs is expected to have risen by 15,000 in March, according to an AAP survey of 14 economists, after a similar gain of 15,600 in February. That will keep the unemployment rate steady at 6.3 per cent for the second month in a row […] Read More
Monday, 13 April, 2015
An expansion of South Australia’s involvement in the nuclear fuel industry could generate considerable wealth for the state, Treasurer Tom Koutsantonis says. But the minister says the debate over any expansion must be based on the world’s best evidence. “After a quarter of a century of establishing South Australia as the centre of uranium mining in this country, the government believes this is the appropriate time to initiate a mature debate on the risks and […] Read More
Monday, 13 April, 2015
The Australian dollar is lower as traders bet the US Federal Reserve will raise its interest rate in June rather than September. The local currency was worth 76.54 US cents at 1200 AEST on Monday, down from 76.85 US cents on Friday. The US dollar is enjoying a strong rally, which started last week against most of the major currencies, as recent US economic data was seen to increase the chances of a rate rise […] Read More
