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SYDNEY: Australia's central bank cut interest rates for the third time this year on Tuesday in a bid to stimulate a sluggish economy and signalled it was prepared to do more if needed.
SYDNEY: Australian pension funds are sitting on a A$245 billion ($167.38 billion) 'wall of money' that will probably flow overseas because of a lack of domestic options, asset managers say.
SYDNEY: Australian construction spending slid to its lowest in almost three years last quarter as a deepening downturn in home building spread to other sectors and posed a downside risk to growth across the economy.
SYDNEY: Australia’s trade surplus rocketed to a fresh record in June as iron ore receipts pushed even higher and a falling international oil price lopped a chunk off imports.
SYDNEY: Tumbling Australian home prices may have found solid ground amid the worst property downturn in a generation as the real estate industry experiences a revival in auction demand, data showed.
SYDNEY (Reuters) - Australia's upper house Senate passed on Thursday A$158 billion ($110 billion) worth of tax cuts over the next decade, the centrepiece of the conservative government's plan to boost an economy that is threatening to stall.
SYDNEY: Australia’s export earnings are booming as resource prices surge but a statistical quirk means tens of billions of dollars go missing from main measures of growth, making the economy seem weaker than it actually is.
SYDNEY (Reuters) - Australian Prime Minister Scott Morrison, trailing in opinion polls ahead of a May 18 election, on Sunday campaigned on the hot-button issue of immigration, promising to cut annual migrant numbers and freeze the country's refugee intake.
SYDNEY: Australian businesses reported only meagre growth in profits and wages for the fourth quarter of last year, a dry spell for incomes that likely saw the whole economy struggle to expand.
SYDNEY: Australia's central bank kept rates at record lows on Tuesday and took an optimistic view on domestic activity ahead of data that is likely to show the economy grew more than 3 percent last quarter.