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Finance Sector Union slams CBA's decision to cut 3,700 jobs

The Finance Sector Union (FSU) has today condemned the Commonwealth Bank's announcement today that it would slash 3,700 jobs over the next three years. "There's no way you can take that amount of people out of an organization and not have an impact ...

Midday market wrap: All Ordinaries trade higher

The All Ordinaries rose by 0.67 per cent or 21.4 points in trading this morning. Meanwhile, the results of the latest Westpac/Melbourne Institute's leading index of economic activity has prompted experts to suggest that a rise in interest rates are ...

International merchandise imports rise to $10.88 billion in August: ABS

International merchandise imports rose to $10.88 billion during the month of August, driven mainly by a higher demand for manufactured goods, the Australian Bureau of Statistics (ABS) revealed today. The August figure is $264 million higher than the ...

Westfield announces 7.5% rise in profits of its Brisbane shopping centre

Westfield have announced the annual accounts (for the year ended 30 June 2003) for the $182 million Carindale Property Trust, Brisbane's largest regional shopping centre, stating that its Westfield have announced the annual accounts (for the year ended ...

Senator Coonan claims Labor's Senator Sherry has 'hole in his logic'

Senator Helen Coonan, the federal minister for revenue and the assistant treasurer, fired her own broadside in the continuing saga of verbal battles between her office and that of opposition Senator Nick Sherry, in replying to recent criticism by Senator ...

Midday market wrap: $A strengthens following ABS jobs data

AAP  |  THURSDAY, 11 SEP 2003
Stocks on the Australian share market were down by noon today, but trading was healthy as investors saw the market as a safe haven on the anniversary of September 11. By 1203 AEST, the benchmark S&P/ASX 200 index was down 11 points at 3205.4, while ...

Federal Treasurer Costello indicates that the economy is very strong

Federal Treasurer Peter Costello said that today's job figures indicated that the domestic economy was very strong. Official figures which revealed that the jobless rate is at a 13-year low at just 5.8 per cent. "It indicates that the domestic economy ...

Buoyant housing lending finance figures for July: ABS

Housing lease finance across Australia rose 14.9 per cent from June to July 2003, from $461 million to $530 million according to statistics revealed by the Australian Bureau of Statistics (ABS). Meanwhile, housing finance for owner occupation rose 3.4% ...

Unemployment rate dips 0.4% to 5.8%: ABS

The latest labour figures released by the Australian Bureau of Statistics (ABS) revealed that the nation's unemployment rate dipped 0.4 per cent from 6.2% in July 2003 to 5.8% in August 2003. The labour force participation rate has risen in that period ...

Domestic job figures to give new clues to economy

WITH AAP  |  THURSDAY, 11 SEP 2003
The latest unemployment figures to be released today will give further clues to the underlying strength of the economy following signs of growing consumer confidence. The Westpac-Melbourne Institute survey found consumer confidence has hit a nine-year ...