Thursday, March 6, 2014
Australia's economy expanded a better-than-expected 0.8 percent in the last three months of 2013 as the commodity-powered nation's transition away from its reliance on the mining sector picked up speed, data showed Wednesday.
Wealthy Chinese will pour AU$44 billion (US$39.4 billion) into Australian real estate over the next seven years, potentially pushing prices in one of the world's most expensive housing markets even higher, a study said Wednesday.
Wednesday, March 5, 2014
Australia's central bank on Tuesday kept interest rates at a record low 2.5 percent for a sixth straight month despite continued weakness in the economy, and suggested it was likely to hold fire for some time.
Tuesday, March 4, 2014
Chinese manufacturing activity contracted in February at its worst rate in seven months, British banking giant HSBC said Monday, the latest data indicating trouble in the world's number two economy.
Saturday, February 15, 2014
China's consumer inflation held steady in January, easing pressure on communist leaders to control living costs as they launch ambitious economic reforms.
Friday, February 14, 2014
Australia's unemployment rate in January jumped to 6.0 percent — its worst in a decade — with the economy shedding 3,700 jobs amid a turbulent transition away from mining, data showed Thursday.
Australia plans to raise up to US$117 billion from sales of state assets, the finance minister said Thursday, as the government tries to bridge a gaping budget deficit.
Wednesday, February 12, 2014
An Australian farmer who lost his organic produce license has taken his neighbor to court over contamination from his genetically modified (GM) canola crop in a closely watched test case.
Prime Minister Tony Abbott insisted Tuesday there was nothing he could do to prevent Toyota halting car manufacturing in Australia as the opposition expressed fears it would spark an economic crisis.
Tuesday, February 11, 2014
Toyota on Monday said it will stop making cars in Australia in less than four years, bringing the country's auto industry shuddering to a halt, despite appeals by Prime Minister Tony Abbott.