Home prices across Australia’s capital cities rose in March led by a blistering pace in the Sydney market, complicating policy considerations for the central bank which is under pressure to cut interest rates again amid falling commodity prices. Figures from property consultant CoreLogic RP Data showed dwelling prices across all of Australia’s major cities climbed …
Australian shares fell sharply on Monday as resources stocks followed oil and metals prices lower, while investors failed to take inspiration from late Wall St gains on Friday. United States energy giant Chevron Corp’s $3.7 billion sale of its half stake in fuel firm Caltex Australia , Australia’s biggest block trade ever, also pushed the …
The financial stability of Australian businesses is on the improve as companies watch their spending and borrow less. Challenges remain however for businesses in the commercial housing and resources sector. The Reserve Bank’s latest Financial Stability Review reveals financial stress for Australian businesses is falling. Debt levels remain near historical lows, having fallen sharply after …
Australia is finding the transition from mining-led growth to other forms of activity to be a bumpy one, with business and consumer confidence still lacking, the head of the country’s central bank said on Friday. Reserve Bank of Australia (RBA) Governor Glenn Stevens said the decline in the local dollar would help support the economy, …
RBA: Australia Still Struggling with Post-Mining Blues Read More »
