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Business 04 Mar 2005 | 12:00 AM

RBA: Consumers will support growth

Strong demand from Australian consumers will support economic growth, the central bank said yesterday even though a 0.6% rise in January retail sales failed to meet expectations.

Business 03 Mar 2005 | 12:00 AM

Aussie PM says interest rates should not change

Prime Minister John Howard said Thursday that Australia's interest rates should remain steady despite speculation by economists that the country's central bank could lift rates again this year.

Business 03 Mar 2005 | 12:00 AM

RBA ups rates even as growth stalls

Australia's central bank raised interest rates yesterday for the first time in over a year, looking ahead at inflationary pressures rather than back at data showing economic growth had slowed to a snail's pace.

Business 22 Feb 2005 | 12:00 AM

New Zealand dollar hits new high against US counterpart

The New Zealand dollar has climbed to its highest level since the country adopted a free-float exchange rate 20 years ago - and its highest level against the U.S. dollar in 22 years.

Business 18 Feb 2005 | 12:00 AM

Aussie Central bank governor hints interest rates will soon rise

The governor of Australia's central bank gave a strong hint Friday that the bank will soon raise interest rates for the first time since December 2003 even though the nation's housing boom has been largely subsiding.

Business 13 Feb 2005 | 12:00 AM

No to gender bias in education

Education is a life-long quest that should and could broaden a person#8217;s outlook, opening him or her to new experiences. It should make people independent and disciplined in their thinking, and deeply committed to some productive activity, besides possessing convictions based on an understanding of the world and on their own integration of personality.

Business 12 Feb 2005 | 12:00 AM

China seen unlikely to drop peg soon

US Federal Reserve officials are not optimistic that China will drop its currency peg against the dollar anytime soon because that decision is in the hands of a State Council focused primarily on political stability rather than financial issues.

Business 11 Feb 2005 | 12:00 AM

New Zealand unemployment at 20-year low

New Zealand's unemployment rate hit a 20-year low of 3.6 percent in the three months to Dec. 31, fueled by strong jobs growth, new figures showed Friday.

Letters 31 Jan 2005 | 12:00 AM

Searching for a solution to NZ’s day of division

New Zealanders celebrate Waitangi Day, the closest thing they have to a National or Independence Day, on Feb 6. But 'celebrate' is perhaps putting it too mildly. While National Day in other countries is commemorated with patriotic fervour - usually with grand parades showing off military hardware - Waitangi Day in New Zealand has for decades been marred by ugly protest, division and bitterness.

Business 02 Dec 2004 | 12:00 AM

Australia's third quarter GDP growth weakest since 2000

Australia's economic growth eased in the third quarter to its weakest pace since late 2000 as sluggish exports dragged on the economy, raising doubts about the need for tighter monetary policy.