News
RBA cuts cash rate to new record low 0.5%
The Reserve Bank of Australia has cut the cash rate to a new record low of 0.5 per cent as it acts to soften the economic impact of the coronavirus. Pricing for the 25 basis […]
Month: March 2020
News
Australia weighs new virus travel bans
Australia is considering travel bans for South Korea and Italy where coronavirus outbreaks have taken hold. Prime Minister Scott Morrison on Tuesday asked for a reassessment of travel and border control arrangement for higher risk […]
Business
Heavy slump in January building approvals
Building approvals slumped heavily in January and are well down on most analysts’ expectations. A 15.3 per cent seasonally adjusted monthly fall in dwelling approvals meant 1,700 fewer homes were given the go-ahead. Unit and […]
News
Current account surplus narrows to $1bn
Australia’s current account is in surplus for a third consecutive quarter but it shrank by $5.5 billion to $955 million in the December quarter. The result is lower than the market’s anticipated $2.4 billion surplus, […]
News
Tenth coronavirus case confirmed in Qld
A tenth Queensland coronavirus case has been confirmed by state health authorities. A 20-year-old man from China has been diagnosed with COVID-19. The man, who had travelled to Dubai for at least two weeks before entering […]