Sharemarket posts longest ever rally
By Michael Roddan In local currency terms, the ASX200 has been the best world performer out of a group of 93 indexes since January 20. At 4. 15pm (AEDT), the benchmark S&P/ASX200 index was up 9....
Tagged: GDP
RBA cuts GDP, inflation forecasts
By Michael Roddan The RBA said today it downgraded the growth forecasts as the Australian economy had been growing at “a bit below its average rate” in the second half of 2014, while the end of...
Global debt up by $73 trillion since GFC
And perhaps most promising for the United States, its financial institutions have become significantly less leveraged, with financial-sector debt falling by 24 percentage points of GDP by McKinsey’s calculations. "One bright spot in our...
Rio shrugs off iron ore price woes
By AAP Rio’s diamonds and minerals chief executive Alan Davies said the economic evolutions of India and Africa were still to come and the global population expansion and demand for the metal and minerals...
Syriza's wrong-headed approach to Greece's problems
By Oliver Marc Hartwich The largest source of lending to Greece is the European Financial Stability Facility, the first bailout fund set up by the European Union. The €141. 8 billion it has provided...
More rate cuts, lower growth for Australia
The bank expected the cash rate to then remain at 2 per cent until the fourth quarter of 2016, and the Australian dollar falling to US72¢ over the next 12 months. "Goldman Sachs had...
Australians are missing out on the benefits of rising exports
By Callam Pickering The value of exports rose by 1. 4 per cent in December but, with the terms of trade tumbling, exports are 4. 1 per cent lower over the year. Net exports — which...
Guangzhou lowers its GDP growth target
By Peter Cai Guangzhou, one of China’s largest cities, has lowered its GDP growth target to a single digit for the first time in the last two decades after failing to meet its official...
A quarter of Chinese provinces join $10,000 per capita club
By Peter Cai Eight Chinese provinces and municipalities have a per capita income of $10,000 or over, crossing a major threshold in terms of wage increases reports Sina Finance. Guangdong, one of the most...
Turnbull one of four reasons RBA shouldn’t cut rates
But Turnbull remains intensely disliked by many of his colleagues who can’t forget how dismissive he was of them when he was leader. (As someone has claimed: "Malcolm was certain he was always the...
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