Friday, July 11, 2014
Australia's unemployment rate returned to a decade high of 6.0 percent in June, data showed Thursday, as the economy shed full-time posts owing to “challenging” conditions and as more people joined the jobs market.
Wednesday, July 2, 2014
Australia's central bank kept interest rates on hold at a record low 2.5 percent Tuesday, as a resilient currency and softening commodity prices hobbled the economy's shift away from mining.
Saturday, June 28, 2014
Australia said on Friday it would consider calls for a national inquiry into a major financial scandal at the country's biggest listed firm, but would not rush a decision.
Friday, June 13, 2014
Australia's unemployment rate remained steady at 5.8 percent for the third straight month in May, data showed Thursday, with the total number of jobs falling in a mixed outlook for the economy.
Wednesday, June 11, 2014
Renewed optimism about the global economy helped push most Asian stock markets higher Tuesday.
Tuesday, June 10, 2014
Shares in Taiwan ended slightly higher Monday amid consolidation mode in the absence of clear trading cues, dealers said.
Monday, June 9, 2014
Gap Inc. has announced plans to produce clothing in Myanmar, the first American retailer to enter the market since the Southeast Asian country began its transition to democracy three years ago.
Thursday, June 5, 2014
Surging mining exports powered the Australian economy to better-than-expected 1.1 percent growth in the first quarter of the year, data showed Wednesday, but Treasurer Joe Hockey said he was also encouraged by a pick-up in other sectors.
Wednesday, June 4, 2014
Australia's central bank on Tuesday left interest rates on hold at a record low 2.5 percent as it sounded a cautiously optimistic note on the economy's transition away from mining-led growth.
Tuesday, May 27, 2014
Three of the world's biggest miners have warned that government taxes, high costs and a strong currency are putting pressure on their Australian operations, reports said Monday, as they battle falling commodity prices owing to a supply glut.