Construction activity retreated further in May following COVID-19 social restrictions and related declines in spending and investment. The Ai Group and Housing Industry Association Performance of Construction Index (PCI) rose 3.3 points to 24.9 points in May, […]
Shares on the Australian stock market have crept almost 1.0 per cent higher ahead of keenly-anticipated economic growth data this morning. The S&P/ASX200 benchmark index was higher by 57.8 points, or 0.99 per cent, at […]
It’s not seen as likely but first-quarter economic growth figures set to be released on Wednesday will show if Australia has a chance of avoiding the technical definition of a recession. Economists are predicting gross […]
Bain Capital and Cyrus Capital Partners are the preferred bidders to acquire Virgin Australia, Deloitte says. Five non-binding indicative proposals were received on Friday, and Deloitte has culled the short-list down to the two US […]
The Reserve Bank of Australia has kept the cash rate at a record low 0.25 per cent, as widely expected by economists. Governor Philip Lowe said the central bank’s board would not increase the cash […]
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