Tag: Economic Trends
Eurozone inflation hits low as service sector slumps
Inflation in the euro countries slumped in December to 1.6 per cent, the lowest in over two years, from 2.1 per cent in November, according to an estimate from the EU's Eurostat data agency.[MORE]
SA Govt investments under scrutiny
South Australian Opposition Leader Martin Hamilton-Smith is urging the State Government to reveal the financial position of private companies in which it invests.[MORE]
Bishop urges banks to pass rate cuts on to business
Deputy Federal Opposition Leader Julie Bishop has joined business leaders in calling for banks to pass on the full amount of recent interest rate cuts.[MORE]
Market ends higher after widespread gains
The Australian share market enjoyed a boost in Tuesday's trade with significant gains recorded in the finance, resources and telecommunications sectors.[MORE]
Finance, resource sectors drive market higher
Strong gains in the finance and resources sectors throughout the afternoon have pushed the Australian share market higher.[MORE]
Mining heavyweights restart talks over Qld job losses
Mining company Xstrata and the mining union are back in the Industrial Relations Commission (IRC) in Brisbane over the axing of jobs at a central Queensland mine.[MORE]
Cairns council financially prepared for 2009: mayor
The Cairns Regional Council Mayor Val Schier says the council is in a good financial position for 2009. [MORE]
Obama demands bold stimulus package action
US President-elect Barack Obama is demanding bold action from Congress on his expensive stimulus plan, warning there will be more damage to the US economy if it fails to act swiftly.[MORE]
Domestic car sales topped 1m in 2008
Car sales fell more than 11 per cent in December but Australians still purchased more than 1 million new vehicles in 2008.[MORE]
Performance of Services Index falls again
Continuing weak demand has led to the ninth consecutive monthly decline in Australia's services sector.[MORE]
IR talks to resume on mining job cuts
Talks will resume in Brisbane between the mining union and Xstrata on job losses.[MORE]
Businesses expecting tough 3 months
A survey of 1,200 Australian businesses has found most expect the first three months of this year to be challenging.[MORE]
RBA upholds tradition, no Jan meeting
The Reserve Bank is keeping with tradition and not meeting today, despite the economic downturn.[MORE]
Conveyancers blame financial crisis for property slowdown
Conveyancers say the slowdown of South Australia's property market by almost one-third is a direct result of the global financial downturn.[MORE]
Market ends lower after retreating from early gains
The Australian share market continued to retreat from today's early gains, finishing down at the close of trade.[MORE]
Petrol plan to fuel food price hike: farmers
The livestock industry says food prices will rise across Australia because New South Wales is planning to boost the amount of ethanol in unleaded fuel.[MORE]
Credit crunch hits UK housing market
House prices in Britain suffered their biggest drop for a calendar year in 2008.[MORE]
Hawks give economy big kick
An independent evaluation has found the Tasmanian Government's sponsorship of the Hawthorn Football Club was worth more than $15 million to the state's economy last year.[MORE]
Manufacturing activity declines for seventh month
There is further bad news for Australia's employment outlook, with manufacturing activity falling for a seventh consecutive month.[MORE]
Treasurer upbeat about new year economy
The State Government remains upbeat about the prospects for Tasmania's economy in 2009.[MORE]
Real estate chairman calls for action on rental crisis
The Hunter chairman of the Real Estate Institute says urgent action is needed to address the region's rental crisis, which is showing no signs of easing in 2009.[MORE]
Markets tipped to bounce back in 2009
Analysts are tipping a better year for the sharemarket after a horror time for investors in 2008.[MORE]
Markets end horror year on positive note
US stocks posted modest gains overnight as Wall Street closed out a catastrophic year that saw key indices post their worst annual performance since the Great Depression.[MORE]
Bligh urges residents to help boost Qld tourism
A new marketing campaign promoting Queensland will start next month, just as tourism operators are predicting a gloomy 2009.[MORE]
Tough times in 2009, but long term outlook 'positive'
The Chamber of Commerce and Industry (CCI) says the global financial crisis will have an impact on Western Australia's growth in 2009 but the state is poised to recover quickly.[MORE]
