Wayne Swan

Australia slashes interest rate to avert recession

SYDNEY, Australia -- Australia's central bank slashed interest rates by one percentage point Tuesday in the latest bold move by the country's top finance officials to stave off a recession. The reduction is the fourth in a row...

Christmas comes early with rate cut (Yahoo!7)

The Reserve Bank of Australia (RBA) today has slashed interest rates yet again, this time by a full percentage point. The fourth consecutive drop takes the official interest rate from 5.25 to 4.25 percent. CommSec's chief...

Australian Retail Sales Beat Expectations, Rise 0.7%

Written by Luis Gil, DailyFX.com Seasonally adjusted Australian Retail Sales for the month of October rose 0.7% after economists called for a decline of -0.2%. The sharp change comes after September’s figure marked a clear...

Chucking a 'Britney', a 'Blue Steel' and a 'Hillary'

Nobody gives "looks" quite like Julie Bishop can. The Liberal deputy leader is carefully co-ordinated in everything she wears, from the heels on her feet right up to the expression on her face. The shadow treasurer entered...

Turnbull praises embattled Bishop (AAP)

Malcolm Turnbull has come to the defence of his deputy Julie Bishop, saying she is doing a "great job" as the opposition's treasury spokeswoman. Deputy Prime Minister Julia Gillard fired several shots at Ms Bishop, attacking...

'Christmas surprise': RBA set to cut rates

Tuesday December 2, 2008, 1:57 am For the fourth month in a row, the Reserve Bank of Australian (RBA) looks set to slash interest rates when it meets today. New figures on inflation and manufacturing only confirm the...

$800m school computers funding 'reflects Govt mismanagement' (ABC)

The role of Federal Government funding in education has dominated a rowdy day in Parliament. The Government is putting an extra $800 million towards its computers in schools program to cover running costs. Opposition education...

Rudd, Swan state's dream team

QUEENSLANDERS have backed the economic leadership of their home-grown federal Labor team over the previous Liberal leadership in a new poll. poll of Queensland voters found that less than two in five people said they wanted a...

Downturn points to hefty RBA rate cut

David Uren, Economics correspondent | December 02, 2008 Article from: The Australian INTEREST rates will fall today to their lowest level in six years as the Reserve Bank meets to discuss how to buttress the economy amid...

Bargain for nobody

But it's OK. Evidence tends to be backfill, as suggested by the September 15 decision of the NSW Remuneration Tribunal to give judges a 4.3per cent pay rise. Comparative wage justice - or "relativities" for NSW judges - had to...

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