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  • July 25, 2014
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  1. News - World - CLIMATE CHANGE

    Australian and Canadian PMs put economy before climate change

    Posted Jun 10th 2014, 09:45pm by AFP

    ... Agence France-Presse in Ottawa Abbott and Harper put economy before climate The conservative prime ministers of Canada and Australia said economic concerns were more important than acting ... that." Australian Prime Minister Tony Abbott, who is in Canada as part of a trade mission to North America, acknowledged that climate change was "a significant problem". But he added: ...

  2. Business - Economy

    Global economy starts second half on solid footing

    Posted Jul 25th 2014, 01:35am by Reuters

    ... Reuters in London Chinese factory index reaches 18-month high as the euro zone's private sector activity perks up, suggesting brighter prospects for the world Global economy seen ... economy started the second half of the year on a solid footing. While China is relying on increased government stimulus to steer its economy away from reliance on exports and towards consumer ...

  3. Business - Economy

    Australian PM Abbott urges G20 to step up measures to meet growth targets

    Posted Jul 18th 2014, 02:57am by Reuters

    ... Reuters in Sydney Prime Minister Abbott warns that members of the group of leading economies could fail to meet goals if they do not take stronger measures Australia's Abbott urges G20 to meet growth targets The Group of 20 advanced and emerging countries has not enacted the policies needed to reach its growth targets, Australian Prime Minister Tony Abbott said, casting ...

  4. Property - International - AUSTRALIA

    Foreigners push up Australian home prices

    Posted Jul 02nd 2014, 04:49am by BLOOM

    ... Bloomberg in Sydney Foreigners push up Australian home prices Australia approved a record A$24.9 billion (HK$175.23 billion) of home purchases by foreign buyers in the nine months ... rose despite a relatively expensive valuation and Australian dollar," Haslem and Tharenou wrote in the report. "We see a likely ongoing long-term uptrend of foreign investment ...

  5. Business - Banking & Finance

    RBA chief upbeat on Australian economy

    Posted Dec 19th 2013, 01:38am by Reuters

    ... Reuters in Sydney RBA chief upbeat on Australian economy Australia's central bank chief hinted yesterday that there was no pressing need to cut interest rates further in the near term, saying low borrowing costs were working to support the economy. Reserve Bank of Australia (RBA) governor Glenn Stevens also said that the recent decline in the local dollar was welcomed ...

  6. Business - Banking & Finance - BANKING

    Chinese and Japanese banks lead surge in Australian loans

    Posted Jun 27th 2014, 01:04am by BLOOM

    ... Bloomberg in Sydney Stable asset quality lures Chinese and Japanese players as the share of European peers shrinks Asian lenders lead surge in Australian loans Bank of China and Sumitomo Mitsui Banking Corp are leading a surge in loans to Australian companies by lenders from Asia's two biggest economies. The amount owed to the four biggest Chinese banks in Australia ...

  7. Business - Economy

    Fitch sees mainland economy paying high price if property bubble bursts

    Posted Jun 11th 2014, 01:15am by Jasper Moiseiwitsch

    ... The contrast with the four biggest Australian banks is notable. The Australian banks have high exposure to property and the Australian economy is highly interconnected with China's. However, ... the economy and in turn banks," Jonathan Cornish, Fitch's head of north Asia banks, said at the agency's global banking conference in Hong Kong. He estimated that a property market ...

  8. Business - Banking & Finance

    Australian growth to be hit by mining slowdown, says RBA

    Posted Jun 18th 2014, 01:19am by BLOOM

    ... of rates remaining on hold. The central bank repeated that the current accommodative policy stance was likely to be appropriate for some time. The Australian dollar has risen 7.3 per cent since ... in the economy, but less so than previously as a result of its higher levels," the RBA said. "Members noted that the exchange rate remained high by historical standards, particularly given ...

  9. News - World - AUSTRALIA

    Australian election about safeguarding economy, says Rudd in debate

    Posted Aug 11th 2013, 07:01pm by AFP

    ... Agence France-Presse in Sydney Australin PM pledges to legalise same sex marriage; Abbott says it's time for change Jury is out on Rudd, Abbott debate Australian Prime Minister Kevin Rudd and conservative rival Tony Abbott went head-to-head yesterday in the first debate of the election campaign, an encounter which focused on the economy and divided viewers. Rudd, whom some ...

  10. Business - Economy - INVESTMENT

    Australia to invest heavily in infrastructure as economy refocuses

    Posted May 15th 2014, 01:43am by BLOOM

    ... Bloomberg in Canberra Government to invest in infrastructure to boost economy and move from mining-led growth Australian spending targets services Treasurer Joe Hockey is aiming to spur ... to June. Growth will pick up to 3 per cent in 2015-16 and 3.5 per cent in the following two years, according to the budget estimates. "I'm bullish about the Australian economy but also ...




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