Category: Finance

Murray Goulburn forced to lift farmgate milk price

Murray Goulburn forced to lift farmgate milk price

With its competitors lifting their prices higher, Murray Goulburn has revised its farmgate milk price. The milk producer yesterday...

South Australia slaps additional tax on Australia’s biggest banks

South Australia slaps additional tax on Australia’s biggest banks

South Australian Treasurer Tom Koutsantonis has triggered a tax brawl by announcing a $370 million tax on Australia’s biggest banks. The...

QBE flags higher emerging market claims

QBE flags higher emerging market claims

QBE, one of the world’s largest insurance and reinsurance companies, has warned that it is expecting higher than expected claims from...

Oil price crashes to nine month low

Oil price crashes to nine month low

The price of oil has fallen to its lowest level in nine months with growing concerns that the Organisation of Petroleum Exporting Countries...

Reserve Bank of Australia expresses concern about falling consumption growth

Reserve Bank of Australia expresses concern about falling consumption growth

The Reserve Bank of Australia has flagged a slowing down of economic growth with weakening consumption. The minutes of its board meeting...

Consumer confidence slips

Consumer confidence slips

Australian consumer confidence weakened last week, falling 0.4 per cent to 112.4, according to the latest ANZ Roy Morgan Consumer...

Turnbull government’s export restriction package tackles power prices

Turnbull government’s export restriction package tackles power prices

The Federal government has announced measures to try and lower energy prices by restricting gas exports. The gas export restrictions are...

Amazon hammers Australian retail stocks

Amazon hammers Australian retail stocks

While Australian retailers are nervous about Amazon’s arrival in Australia, Amazon’s plans to buy Whole Foods for $13.7 billion and...

Moody’s cuts ratings on Australian banks because of housing concerns

Moody’s cuts ratings on Australian banks because of housing concerns

Ratings agency Moody’s has cut the long term ratings of Australian banks, including the four biggest in the country, citing concerns...

RBA Governor Phillip Lowe warns about failure to embrace reform

RBA Governor Phillip Lowe warns about failure to embrace reform

Reserve Bank of Australia governor Phillip Lowe has warned that political reform gridlock would leave Australia’s economy in low growth....