Markets
RBA expected to hold while cuts play out
The Reserve Bank looks likely to hold the cash rate at a record low 1.0 per cent this week while it gauges the effect of the past two months’ cuts. But most economists don’t see […]
Month: August 2019
News
June retail sales up 0.4%, Q2 volumes soft
Retail spending bounced back in June with a better-than-expected 0.4 per cent rise, but soft quarterly volumes have hinted tough times will continue for business owners. Clothing, footwear and personal accessories showed the biggest rise […]
Business
David Jones cops a $437.4m writedown
David Jones has more than half its value since it was bought five years ago after its South African owner struck another $437.4 million from the value of the department chain. Woolworths Holdings, which paid $2.2 billion […]
Business
AGL postpones Liddell, Torrens closures
AGL is postponing the full closure of its coal-fired Liddell power station by a year, and also plans to keep its SA Torrens gas plant running for longer to support “system reliability” throughout the summer […]
Business
Rio Tinto has biggest H1 profit since 2014
Rio Tinto has reported its biggest first-half profit since 2014 and declared a bumper dividend, as red-hot iron ore prices helped offset the impact of disruptions caused by a cyclone in late March. Prices of […]