By Lucy Hughes Jones Sydney (Australian Associated Press) The Reserve Bank seems unlikely to cut the cash rate thanks to economic benefits from the lower Australian dollar, but benign inflation means the door to further easing will be left ajar. In the minutes of its November board meeting, the central bank gave an upbeat assessment
Brisbane (Australian Associated Press) Australia’s rush for runs to force a result in the second cricket Test against New Zealand was more popular than reality shows The Block and The X Factor. The final session on the fourth day of the Test was fifth on OzTAM’s overnight ratings with 969,000 viewers, while The X Factor
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By Gabrielle Dunlevy, AAP Southeast Asia Correspondent Yogyakarta (Australian Associated Press) Australia will treat the forging of a trade agreement with Indonesia as a priority and could have it sealed within 12 months. Trade Minister Andrew Robb and his counterpart Tom Lembong have agreed to reinvigorate stalled talks on a comprehensive economic partnership agreement in
Sydney (Australian Associated Press) The Australian economy is set to look much rosier next year, with above-trend growth thanks to a lift in household spending and net exports. The forecast was signalled by the Westpac-Melbourne Institute Leading Index, which rose in October to leave the growth rate only slightly below trend. Westpac chief economist Bill
Sydney (Australian Associated Press) More than one in four working Australians can’t pay their bills on time and find it hard to make ends meet. And one in three have less than $1,000 in the bank for a rainy day. Those are the disturbing figures uncovered in a financial fitness study commissioned by fintech startup
Canberra (Australian Associated Press) Treasurer Scott Morrison insists the federal budget is on a trajectory towards balance not greater deficits. Government expenditure as a proportion of GDP will begin to decline in 2016 after peaking, while net debt will peak next year and decline from that point. “By international standards though, our debt does remains
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