Australia

Australia

Rates cut ahead as deflation arrives in Australia
February 03, 2012
The price of food is falling in Australia. Coles has followed its adversary Woolworths by handing down a disappointing sales result, though the bad news for shareholders of Coles owner Wesfarmers is...
Business, Company Competitor
Tumbling inflation makes Australia's rates cut firmer
January 30, 2012
Australia's official rate of inflation fell to 3.1 percent for the year to December and to zero for the December quarter. It is the first time Australia has recorded no inflation in a quarter since...
Australia
Fashionistas saving Australia's economy
January 26, 2012
Fashionistas are saving Australia's economy. A flurry of spending in clothing stores in December 2011 was, in part, responsible for the modest recovery in spending for the month, according to the...
Australia, Business
Australia dollar drops on report showing jobless rate up
January 21, 2012
Australia's dollar declined for the first time in three days after a government report showed employers unexpectedly cut jobs last month. It fell against all 16 of its most-traded peers before a...
Australia, Business, Labor, Law
Australia's retail stalls despite rate cut
January 11, 2012
The Melbourne Cup day interest rate cut has failed to spark the shopping spree Australia's retailers were hoping for, with spending growth stalling in November. Despite interest rates falling by 25...
Australia, Business, retail
Australia's retailers face another tough year
January 10, 2012
Australia's retailers are set to continue to struggle in 2012 after official data showed shoppers were still reluctant to spend in November. Retail trade was unchanged in November at AUD20,933...
Australia, Person Career, Quotation
Resources investment dominates Australia's trade
January 06, 2012
Australia's trade figures suggest that the economy is moving to one dominated by investment spending, rather than consumer spending, economists say. Imports of consumer goods fell, despite it being...
Australia, Entertainment
Aussie retailers say post-Christmas sales up slightly
January 05, 2012
Australian retailers are seeing post-Christmas trading in line with already reduced expectations of a 2.4 percent annual increase, a leading industry group said on Tuesday. So far, sales in the key...
Business, Christmas
Australia's manufacturing ends year on positive note
January 04, 2012
Australia's manufacturing sector had a small uptick to finish 2011 in positive territory, new figures released by the Australian Industry Group (Ai Group) and PricewaterhouseCoopers (PWC) show. The...
Australia, Entertainment, manufacturing, Person Career
Survey: Australia's retail spending up in Nov
December 21, 2011
Australia's retail spending rose in November, a new private sector survey shows, despite major retailers complaining of weakening demand. The Commonwealth Bank (CBA) Business Sales indicator (BSI)...
Australia, Business, retail
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