Australia has posted its first current account surplus in 44 years with a $5.9 billion surplus for the June quarter. Increased export volumes of liquid natural gas, coal and iron ore helped lift the account […]
Retail spending fell by an unexpected 0.1 per cent in July, suggesting stimulus from tax cuts and lower interest rates is yet to flow through. The seasonally adjusted retail spend fell to $27.41 billion for […]
Consumer confidence edged up at the weekend, according to the mixed results of an ANZ survey signalling household optimism about the longer term future but concern about the current state of the economy. The ANZ-Roy […]
The consumer watchdog has launched civil proceedings against Medibank, accusing the health insurance heavyweight of incorrectly telling customers they were not eligible for some benefits. The Australian Competition and Consumer Commission claims Medibank told some “lite” […]
The Reserve Bank is likely to hold the cash rate this week as it observes the effect of its cuts in June and July, though a pile-up of dismal economic data may hasten the need […]
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