LATEST NEWS
Stay up to speed with our regular news updates – latest financial and economic news is posted to this page on a regular basis so you know what is happening in the world in relation to your money!
 Australia’s Trade Surplus Soars To Record Highs02 February 2012 Which Way to Pay Australia’s currency is currently enjoying a five month high as its trade surplus reaches record highs thanks to coal and iron ore shipments in 2011. Read More >> |
 Australian House Prices Fall Again01 February 2012 Which Way to Pay The Australian Bureau of Statistics released data that showed the price for houses fell 1 % in the December quarter and by 4.8 % in 2011. Read More >> |
 Australia's Economy Battleground For Gillard and Abbott31 January 2012 Which Way to Pay Julia Gillard and Tony Abbott have both outlined their proposals to increase economic growth. Both claim to have the solution. Read More >> |
 "Excessive Pessimism" Is Damaging Australia’s Economy30 January 2012 Which Way to Pay Wayne Swan, Federal Treasure has argued that “excessively pessimistic” reporting of Australian economic indicators is the reason for poor local confidence. Read More >> |
 Australia's Forecasts Factor In European Recession25 January 2012 Which Way to Pay Australian Treasurer Wayne Swan said today that Australia’s economic forecasts have factored in a European recession and a considerable decline in global growth. Read More >> |
 Australia’s Economy Set to Advance Despite “Eurogedden” Warnings23 January 2012 Which Way to Pay Research firm, Deloitte Access Economics has said that Australia’s economy it set to advance in 2012 as inflation lifts to the middle of the central bank’s 2 % - 3 % target range as a result of resource investment driving growth. Read More >> |
 Australia Reports Worst Job Losses in 20 years20 January 2012 Which Way to Pay Today, a report emerged that more jobs were lost than created in any year since 1992 with a zero job growth seen last year as a result of total employment falling 293,000 to 11,421,300 in December. Read More >> |
 Economy Secure Despite World Bank’s Warning18 January 2012 Which Way to Pay The World Bank has slashed its global growth predictions for 2012 by just under half amid warnings of a worldwide recession. It has severely cautioned richer nations that debt problems could lead to a financial crisis worse than what was experienced in 2008. Read More >> |
 Aussie Hurt by S&P’s Wave of Rating Downgrades16 January 2012 Which Way to Pay One of the biggest European powers, France, had its high AAA rating stripped causing the Australian Dollar to drop half a cent after the announcement from the ratings agency. Read More >> |
 Growth in Australia’s Economy Subdued05 January 2012 Which Way to Pay Poor household spending has found Australia’s service sector seriously struggling despite admirable performance by business and property service during December last year. Read More >> |
 Australian Dollar Decline Amid Eurozone Crisis22 December 2011 Which Way to Pay The Australian currency dropped ending a two-day advance; amid concerns the European Central Bank’s measures to boost liquidity may not halt the region’s debt crisis. Read More >> |
 Living Standards and Economic Growth Threatened by Housing Shortage21 December 2011 Which Way to Pay In the most recent report from the National Housing Supply Council, the gap between housing supply and demand increased by 28,000 homes over the last year. This leaves the shortfall of dwellings across Australia at 186,000, which has stirred concerns over the affect on living standards and economic growth. Read More >> |
 Australian Stockmarket Falls on Eurozone Fatigue and Mining Losses20 December 2011 Which Way to Pay Following a volatile session, the Australian stockmarket closed lower following mining losses and the ‘fatigue’ of the eurozone debt crisis continued to weigh on investors’ sentiment. After wavering between small gains and losses through the session, the benchmark S&P/ASX 200 index closed down 0.2% at 4053.10. Read More >> |
 Stockmarket Suffers as Retailers Slide19 December 2011 Which Way to Pay The Australian stockmarket saw sharp falls as the retail sector reports the second set of gloomy figures as well as Kim Kong-il, leader of North Korean Communist state dying from a heart attack yesterday. Read More >> |
 Australian Stockmarket See Slight Gains16 December 2011 Which Way to Pay Aussie shares closed with mild gains, although some retailers posted sharp losses after a gloomy update from JB Hi-Fi, the benchmark S&P/ASX 200 index rose 0.5 per cent to 4159.20. Read More >> |
 Australian Market See Losses as Miners Fall15 December 2011 Which Way to Pay The Australian sharemarket fell sharply as the mining sector stocks performed poorly. Commodity prices took a big hit from the eurozone debt worries. This saw the benchmark S&P/ASX 200 index lose 1.2%, taking it down to 4142.30. Read More >> |
 Australian Stockmarket Falls in Volatile Session14 December 2011 Which Way To Pay The Australian stockmarket saw losses at close of a volatile trading session following news from the US Federal Reserve that interest rates are being held steady, indicating no new stimulus measures for now. The benchmark S&P/ASX 200 index lost 0.1% throughout the trading day, closing at 4190.50. Read More >> |
 Australian Stocks Close Lower as Europe Weighs on Markets13 December 2011 Which Way to Pay THE sharemarket closed firmly lower today after a global selloff that came as ratings agencies weighed in with their views on last week's European Union summit. Read More >> |
 Australian Stockmarket Loses 1.8%09 December 2011 Which Way to Pay Following the announcement from the European Central Bank that they are not going to buy any more bonds and as the European Union summit sent out mixed signals, the Australian sharemarket was down by 1.8% by the end of trade. The S&P/ASX 200 index finished the day at 4203.00. Read More >> |
 Weak Jobs Data Weighs on Aussie Dollar08 December 2011 Which Way to Pay The Aussie dollar fell half a US cent following the release of disappointing employment data but recovered as the market focused on the European financial crisis. The unemployment rate in Australia rose to 5.3% throughout November from 5.2% in October, according to Australian Bureau of Statistic. Read More >> |
 Aussie Economy Surges on Mining Boom, but Threat from Europe Remains07 December 2011 Which Way to Pay The Australian commodity-based economy, worth $1.3 trillion, surged in the third quarter as the huge investment into the booming mining sector started to show. The future of the Aussie economy is not certain however, as Asian growth slows and the eurozone debt crisis continues. Read More >> |
 RBA Cuts Interest Rates Again06 December 2011 Which Way to Pay Having cut the official cash rate to 4.25% from 4.5% at the last meeting of the year, the Reserve Bank of Australia has said that rates could be cut further should the Australian economy begin to feel the effects of the eurozone debt crisis. This is the second consecutive rate cut since 2009. Read More >> |
 Inflation Eases as Food and Fuel Prices Lower05 December 2011 Which Way to Pay Lower prices of fruit and vegetables, as well as fuel have seen Australian consumer prices fall throughout November according to the monthly inflation gauge published by TD Securities-Melbourne Institute today. Read More >> |
 Strong Australian Dollar Could Make Economy Vulnerable02 December 2011 Which Way to Pay Australian policy makers continue to be confident over the future of the economy should debt problems in the eurozone spread into a global crisis over the next few months. Read More >> |
 Aussie Dollar Up Against US01 December 2011 Which Way to Pay The Australian dollar hit a two-week high, hiked largely by the central bank agreement to make lending easier and stimulate financial markets, but helped by positive figures from Asia in late trade. Read More >> |
 Increased Capex Sees Aussie GDP Forecast Lift30 November 2011 Which Way to Pay Capital expenditure in Australia throughout the third quarter this year increased by 34%. This huge increase was fuelled by investments into the booming mining industry. This rocketing of investment has pushed economists to increase growth forecasts for the Australian economy. Read More >> |
 Mining Capital Expenditure Surges 34%29 November 2011 Which Way to Pay Throughout the six months to the end of October, capital investment in the booming Australian resources sector rose by 34%, soaring to $231.8 billion. The figures, from the Bureau of Resources and Energy Economics (BREE), are at record breaking levels. Read More >> |
 Aussie Sharemarket Breaks Losing Streak28 November 2011 Which Way to Pay The Australian sharemarket closed with significant gains following a six-day slump. The gains came as investors’ confidence over the eurozone debt crisis grew and reports of Thanksgiving holiday sales in the US were strong over the weekend. Read More >> |
 Samsung to Invest in Nickel Mine25 November 2011 Which Way to Pay The South Korean company Samsung Group is in talks over a potential $2.23 billion investment into a nickel mine project in the middle of the Australian outback. The reports were confirmed by the mine’s owner today. Read More >> |
 Aussie Stockmarket Sees Five Day Losing Streak24 November 2011 Which Way to Pay At close of trade today the Australian stockmarket fell for the fifth consecutive session as the eurozone debt crisis continues to impact investor confidence across the world as the potential for a global growth fallout increases. Read More >> |
 Poor China Manufacturing Data Hits Aussie Sharemarket23 November 2011 Which Way to Pay The Australian sharemarket took a nosedive at the end of trade following the release of preliminary figures for Chinese manufacturing. The survey shows that Chinese manufacturing has contracted, contributing to concerns over projections for global economic growth. Read More >> |
 JPMorgan Forecasts RBA to Cut Rates22 November 2011 Which Way to Pay The investment bank JPMorgan has forecast that the Reserve Bank of Australia will cut interest rates in December due to the ‘material’ deterioration of the global financial markets since the last board meeting. Read More >> |
 Support For Mining Tax Grows21 November 2011 Which Way to Pay The government led by Julia Gillard is on the cusp of pushing the mining tax through parliament. Tony Windsor, Rob Oakeshott and Andrew Wilkie, all Independents, are to vote in favour of the minerals resource rent tax, it was announced today. Read More >> |
 Aussie Below Parity as Europe Crisis Deepens18 November 2011 Which Way to Pay The Aussie dollar remained below parity against the US dollar today, the first time this has happened since 12th October. The slump has been attributed to the eurozone debt crisis. Read More >> |
 Aussie Shares Gain After Two Days of Losses17 November 2011 Which Way to Pay Shares in the Australian market saw gains for the first time following a two-day losing streak as investors once again entered the exchange as Europe’s debt troubles continue. The broad S&P/ASX 200 index had gained 0.3% by the end of session, up to 4,258.20. Read More >> |
 Wages Slow Sharply Across Australia in Third Quarter16 November 2011 Which Way to Pay Data from the Australian Bureau of Statistics shows that wages excluding bonuses increased at the seasonally adjusted rate of 0.7% throughout the third quarter from the second. Wages are up by 3.6% from the same period last year. The increase was less than the 0.9% lower than economists’ predictions for the quarter. Read More >> |
 City Index, Daily Market Update - 15/11/1115 November 2011 City Index City Index, Daily Market Update - 15/11/11 Read More >> |
 Carbon Tax Becomes More of a Concern than Interest Rates15 November 2011 Which Way to Pay A survey conducted online by mortgage company Loan Market shows a significant shift of consumer concern from interest rates to carbon tax and utility costs and their potential effect on household budgets. Read More >> |
 Westpac Cuts Rates for Business Loans14 November 2011 Which Way to Pay Westpac today finally fell in line with the RBA's rate cut on Melbourne Cup day, menaing business customers will benefit from the cut of 25 basis points. The new rate will come be brought in on Monday. Read More >> |
 Fairfax Sells Off Stake to Goldman Sacs11 November 2011 Which Way to Pay Former owner of the family company Fairfax John B Fairfax has sold his 232 million shares to Goldman Sachs through Marinya. The shares were sold at 85 cents each, which was around 10% less than the closing value of the stake. Read More >> |
 China’s Inflation Slows09 November 2011 Which Way to Pay Inflation throughout China significantly slowed down in October, possibly opening up options for policy being loosened further to support economic growth. According to the National Bureau of Statistics, China’s consumer price index increased by 5.5% throughout October when compared with the same month from the previous year. It was down however from 6.1% in September. Read More >> |
 Commonwealth Bank Warns Over Contagion of Debt Crisis08 November 2011 Which Way to Pay David Turner, the chairman of the Commonwealth Bank, today voiced his concerns over the potential detrimental effects of the eurozone debt crisis on the global economy, and that Australia is far from ‘immune’ from the problems in Europe. Read More >> |
 Poor Aussie Job Market May Lead to Rate Cuts07 November 2011 Which Way to Pay October saw the job market across Australia weaken, increasing chances that the Reserve Bank of Australia will cut interest rates further over the next few months. The data came from the monthly job market survey done by ANZ Banking Group. Read More >> |
 Retail Sales Up in September 03 November 2011 Which Way to Pay For the third consecutive month retail sales in September throughout Australia increase, calming rising concerns over weakness across non-mining sectors of the economy. Sales in the sector increase at the seasonally adjusted rate of 0.4%, taking the total sales up to $20.91 billion throughout September, up from $20.82 billion see in August. Read More >> |
 Kelly to Stay at Westpac for Three Years02 November 2011 Which Way to Pay The CEO of Westpac, Gail Kelly, has committed to the bank for the next 3 years having announced ‘stage two’ of the bank’s strategic program over the next few years. Read More >> |
 Reserve Bank Rate Cut Matched by Westpac and Commonwealth Bank01 November 2011 Which Way to Pay Following the decision from the Reserve Bank of Australia to cut interest rates by 0.25%, the largest banks in Australia, Commonwealth Bank and Westpac, followed suit. Read More >> |
 Inflation Up in October Despite Cheaper Produce31 October 2011 Which Way to Pay October saw the inflation rate increase slightly throughout Australia regardless of lower prices of fruit and vegetables. The rise was seen measured by the TD Securities-Melbourne Institute monthly inflation gauge. The rate fell in August for the first time in nearly two years, but October saw the gauge rise by 0.1% having increased by the same amount in September. Read More >> |
 Hans Mende says Australian Mines are Overpriced28 October 2011 Which Way to Pay According to American resources investor, Hans Mende, Australian mines are overpriced. Mende, who is the president and founder of AMCI, a resources private equity house, based in Greenwich, Connecticut, made comments today that Australia had few good options. Read More >> |
 Woolworths’ First Quarter Sales Rise to $14.6 Billion27 October 2011 Which Way to Pay Woolworths saw sales throughout the first quarter rise by 4.9% from the same quarter last year hitting $14.6 billion. The growth was largely thanks to particular growth in the company’s supermarkets. Read More >> |
 Rinehart Warns of Labour Shortage in Pilbara26 October 2011 Which Way to Pay According to Gina Rinehart, the billionaire mining mogul, a labour shortage throughout the gas and iron ore abundant Pilbara region in Western Australia is looming as mining companies struggle to keep up with growing demand from Asia, as Shell already is struggling to find workers. Read More >> |
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