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| | | Australia's current account deficit improved marginally in the three months to December after a recovery in rural exports. But the deficit of $12.01 billion, from an upwardly revised $12.09 billion in September, was substantially above market expectations ... |
| | | | Half of Australia's borrowers are expecting another interest rate rise following the Reserve Bank's board meeting today, a survey shows. The central bank is holding its March board meeting today, and economists are divided over whether the bank will ... |
| | | | While Australian business indicators for the December quarter pointed to a robust finish for the economy in 2003 economists have sharply revised down their expectations for the December quarter GDP outcome. The Australian Bureau of Statistics reported ... |
| | | | The estimate of income from sales by manufacturers in the December quarter, in seasonally adjusted chain volume measures, rose 0.6% to $70.505 billion, the Australian Bureau of Statistics said. This is 0.5% higher than a year ago. Estimated income from ... |
| | | | Australia and New Zealand Banking Group said today that ING Australia, the nation's fourth largest retail fund manager and life insurer, posted a 50% increase in net profit in 2003. The ING Australia operation, which is 49% owned by ANZ, had net profit ... |
| | | | Superannuation funds' assets lifted 2.2% in the December quarter to more than $330 billion, according to figures from the Australian Bureau of Statistics. The bureau said the assets of super funds had climbed 13% during the past 12 months. But the improvement ... |
| | | | A rise in the amount businesses spent on capital equipment in the December quarter bodes well for strong economic growth but as spending intentions soften growth will slow, economists said. Real private capital expenditure rose 2% in volume terms, seasonally ... |
| | | | Macquarie Infrastructure Group today reported a net loss of $386.264 million for the first half of 2003-2004, compared to a net profit of $498.823 million in the previous corresponding period. MIG said its financial results were negatively impacted ... |
| | | | Insurance Australia Group Ltd (IAG) posted a strong increase in profits for the half year to December 2003 on the back of resurgent equity markets and solid acquisitions, and announced plans to undertake a $350 million off-market share buyback. IAG ... |
| | | | Wage costs climbed 1% in the December quarter, the Australian Bureau of Statistics said today. The bureau said the increase lifted wage costs 3.7% for the year to December 2003, seasonally adjusted. Private sector wage costs climbed 1% for the quarter ... |
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