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Daily economic update

Australia's balance of payments continued to deteriorate in the December quarter with the deficit on the current account widening by 5.7 per cent to A$14.5 billion (6.1 per cent of GDP) from a revised A$13.7 billion shortfall in the September quarter. ...

SG is a tax: Tax Inquiry

The just-announced tax inquiry may lead to the unthinkable - an attack on the 9 per cent Super Guarantee (SG). Treasurer Peter Costello has just announced a broad review of taxation in Australia so the government can get clear figures comparing our ...

Australian consumption spending now top 5 in the region

Visa Australia says Australian consumption expenditure will top $1.4 trillion this year, following last year's level of $1.3 trillion. If Australia reaches its $1.4 trillion in consumption expenditure, it will be in the top five spenders in the Asia ...

Weekly economic round-up

Last week's Australian data releases continued to paint a picture of a domestic economy that is growing moderately with little pressure on inflation and, therefore, no impetus for the official cash rate to move one way or the other. The Australian Bureau ...

Daily economic update

Australian house prices rose by 2.1 per cent in the December quarter to stand 2.3 per cent above their level in the same period in 2004. This compares favourably with unchanged prices in the September quarter and market expectations for a 0.8 per cent ...

Rollovers can be processed rapidly and securely: RecruitmentSuper

With talk reverberating in some circles about the long lead times for funds to enact roll-overs or to act on member's requests, RecruitmentSuper is trumpeting its rapid response times. RecruitmentSuper has issued performance figures which show its response ...

Daily economic update

Business investment continues to drive the Australian economy forward. This is established by today's Australian Bureau of Statistics (ABS) report showing that real capital spending increased by a much larger-than-expected 9.2 per cent in the December ...

Daily economic update

Australian Bureau of Statistics figures show that sales of new motor vehicles rose by 2.6 per cent to 83,728 units in January following a 0.8 per cent increase in December. High petrol prices continue to take their toll on sales of sports utility vehicles ...

Agribusiness commissions "too high"

The Australian Agribusiness Group (AAG) has called on the industry to reduce commissions charged for agribusiness projects, which can sometimes be as high as 15 per cent. "Today, commissions of 10 per cent to 15 per cent plus rebates for marketing activities ...

HFA trumpets its "strong buy" ratings

Absolute return manager, HFA Asset Management (HFA), is trumpeting its "strong buy" recommendations from InvestorWeb Research (IWL) on both its international shares fund (ISF) and diversified investments fund (DIF). HFA CEO, Spencer Young, said the ...