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In finance. Wall Street has hit a new record high before falling back slightly. The Dow Jones exceeded the previous record set back in 2007. Wall Street trader Douglas Blake says there are two forces at play in the US economy. Certainly, it doesn't f
Raising the GST and reducing company tax are part of a pre-election blueprint for economic growth being proposed by business leaders. The Business Council of Australia has put forward an ambitious nine point plan. It says the economy is at a crossroa
And national account's figures out today are expected to show weak economic growth in the last quarter. Economists surveyed by Bloomberg are forecasting gross domestic product to have grown by half of a percent in the three months to the end of June.
And the Communications Minister Malcolm Turnbull wants the NBN to continue rolling out fibre while a strategic review is carried out. Our business editor Peter Ryan says his main priority now will be to recruit a new board. Ah, the head hunters would
To finance. And as the Federal Government contemplates further assistance for the car industry, a new report out today is calling for an end to industry subsidies. The Committee for Economic Development of Australia says there needs to be an urgent o
Now let us take a look at this morning's finance news. And industry election by S tugboat engineers will extend to ports in Brisban and Melborne today. The strikes, a part of pay dispute yesterday shut down ports in Sydney, New Castle, and *. Enginee
Thank you, Michael Virginia. Well global markets are proving resilient, but the stock markets from Europe right to the US fell sharply in the immediate aftermath of those attacks in Brussels, as I mentioned they have now recovered. The deadly attacks
Chinas President Xi Jinping says an annual growth rate of 6.5% over the next five years will allow the country to meet its development goals which include things like boosting jobs and reducing poverty. Now, the 7% GDP forecast for the current year,
今天我们要学的词是 squander. Squander 是白白浪费的意思。Our local high school basketball team squandered its early lead in a loss to our arch-rival. 我们本地高中篮球队没有把握好领先局面,最后反而输给了老对手
BHP has surprised the markets, almost doubling its half-year profit. Net profit for six months to December reached nine billion dollars. That's an 83 percent jump on the previous period. Now it's good news for the company's Chief Executive Andrew Mac
China's industrial output has risen by just more than 8.5 percent in the first two months of the year. Government figures also show retail sales were up by 12 percent on the previous year. Well impressive the results were less than what analysts have
And Australian Chamber of Commerce says another interest rate cut is needed to help stimulate the economy. Its latest survey of nearly 600 companies suggest business confidence haven't shown signs of improvement for nearly three years. And it paints
And a recovery in the US housing markets seem to be gathering steam. House prices in November were up 5.5 percent on a year ago. Now that's the fastest rise since the market crash began in 2006. But it's not all good news for the US economy. Separate
Good morning ,everyone,In breaking news this morning,Woolworths Chief Executive Officer and Managing Director Grant O' Brien has announced he'll retire from the company.Mr.O'rien has been CEO since October, 2011 Woolworths announced that the global e
The big four banks are yet to move after the official interest rate was cut yesterday for the first time in eighteen months. The Reserve Bank dropped the rate by twenty-five basis points in a bid to boost the economic growth. Now most economists had
A new property report reveals ninety percent of homes being resold for making a profit according to the figures from CoLogic. Sydney was the best performing capital city with just 2.6 percent of owners making a loss in the September quarter. While in
There've been more angry protests in Cyprus as that country's banks remain closed. Authorities are still working on measures to restrict withdrawals to stop a feared run on deposits. They also want to control the flow of the money out of the country.
To finance and the International Monetary Fund has timed its projections for global economic growth.It cut for custs 3.3% this year and 4% next year.And the IMF blames a most subdue outlook for the United States and Europe. Emerging market and develo
And a a new house price survey reveals both good and bad news for buyers. Loan repayments are shrinking because of falling interest rates, but the amount needed for a deposit is rising.Financial comparison website, Ratecity, says the average Australi
The chairman of Woodside Petroleum and the National Australia Bank Michael Chaney says that both sides of politics need to rein in their spending commitments. He is warning that Australia risks becoming like Europe's debt-laden countries. The problem