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| | | The Reserve Bank was tipping economic growth for 2004 to come in at 3.75%, governor Ian Macfarlane said today. He said growth for calendar year 2003 had come in higher than expected at 3.9%, but had slowed in the first quarter of 2004. "Our forecast ... |
| | | | Capital city house prices rose just 2.5% in the first three months of the year, the smallest rise in three years, new figures showed today. But the Australian Bureau of Statistics (ABS) said the only city to record a fall was Melbourne, down 1.3%, in ... |
| | | | For the first time The Australian Stock Exchange (ASX) annual report on investment returns over a 10-year period has shown investors would have been better off investing in property than shares. The report commissioned by the ASX found after-tax returns ... |
| | | | Homebuyers have been spared higher mortgage repayments after the Reserve Bank of Australia today left interest rates on hold for the sixth month in a row. In a widely-expected move, the central bank announced the official cash rate would remain at 5.25% ... |
| | | | Economic growth slowed dramatically in the opening months of the year, new figures showed today, the worst result in more than a year. The economy expanded by just 0.2% in the March quarter - about one-sixth of the revised 1.3% growth recorded in the ... |
| | | | Australia's current account deficit worsened again in the first three months of the year, with consumer demand for imported goods outweighing a recovery in farm exports. The deficit increased 2% to just less than $12 billion, from a revised $11.8 billion ... |
| | | | Accountancy firm Ernst & Young on Monday announced chief executive Brian Schwartz would stand down at the end of the year. The decision will take effect from 31 December, 2004. \"Brian has made the decision to pursue new challenges in his career,\" ... |
| | | | St George Bank chairman Frank Conroy said on Monday he will retire from the board at the conclusion of the bank\'s annual meeting in December. \"For the past twenty years or more, I have been in a senior corporate role either as an executive or a public ... |
| | | | The value of total building work done in Australia during the March quarter fell 0.5%, seasonally adjusted. The Australian Bureau of Statistics said building work done in the March quarter was valued at $11.941 billion, seasonally adjusted, compared ... |
| | | | Strength in Australia's nonlife insurance sector is likely to continue in 2004 despite indications the insurance cycle has peaked recently, a report by Standard & Poor's Ratings Services said on Monday. The Australian nonlife insurance sector reported ... |
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