Wednesday, April 13, 2016

Share losses and a weakening housing market are weighing on consumers' minds. Fairfax Media and other top stories.

  • Share losses and a weakening housing market are weighing on consumers' minds. Fairfax Media

    Share losses and a weakening housing market are weighing on consumers' minds. Fairfax Media
    Share losses and a weakening housing market are weighing on consumers' minds. Fairfax Media Consumer sentiment flagged for the second month in row in April, according to the latest Westpac-Melbourne Institute survey, as share losses, a softening housing market and the stronger Australian dollar soured the mood.Westpac said on Wednesday that its headline index dropped 4 per cent, to 95.1, in April. Anything below 100 points means pessimists outn..
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  • Stocks more than 1.5pc stronger

    Stocks more than 1.5pc stronger
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  • Tourism, education won't save Australia, says Capital Economics

    Tourism, education won't save Australia, says Capital Economics
    For tourism to really have an impact on GDP here we would really need to see 35 per cent of the Chinese and Indian population with a passport. Simon O'Dwyer Here's some food for thought. Anyone thinking that education, tourism, financial services, health, agriculture and ageing services will fill the gap in the economy left by the resources sector, think again.It won't. Nothing like it. That's the message from Kate Hickie and Paul Dales at Cap..
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  • Seven Network wins injunction freezing assets of senior manager accused of fraud

    Seven Network wins injunction freezing assets of senior manager accused of fraud
    Video will begin in 5 seconds. Seven senior manager admits fraud Seven Network wins injunction freezing assets of senior manager accused of fraud. PT0M27S 620 349 The Seven Network has confirmed it has taken urgent legal action against a senior employee who has admitted to defrauding the company by falsifying invoices.The broadcaster sought and won an injunction to freeze the assets of John Michael Fitzgerald in the NSW Supreme Court on Monday.Mr Fitzgerald, 54, was the networ..
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  • Queensland Nickel: What next if Clive Palmer's company goes into liquidation?

    Queensland Nickel: What next if Clive Palmer's company goes into liquidation?
    Queensland Nickel: What next if Clive Palmer's company goes into liquidation? Posted April 13, 2016 14:29:59 Now that its administrators have recommended liquidation, what happens next for Queensland Nickel, its workers and other creditors?ABC News Online answers the basic questions about what happens as a firm moves from administration into liquidation.What is the difference between administration, receivership and liquidation?If you imagine a troubled business being..
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  • Medcraft extension eyed at ASIC

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  • The age of record-low interest rates means Australia's economic transition may be built on sand

    The age of record-low interest rates means Australia's economic transition may be built on sand
    There’s a fundamental problem with the way central bankers have been running monetary policy and it could mean Australia’s remarkable economy is a house built on sand. In consistently cutting rates to pull forward demand from the future, global central banks have sought to forestall economic weakness. As we are seeing in developed markets offshore, it is looking increasingly likely that policy may have hit the bounds of efficacy in many countries. Australia is no different than other nations..
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  • China trade beats hopes as exports rise

    China trade beats hopes as exports rise
    China trade beats hopes as exports riseAAPApril 13, 2016 2:23PMSavePrint China trade beats hopes as exports riseChina's trade performance blew past expectations in March, with exports returning to growth for the first time in nine months, providing more evidence of stabilisation in the world's second-largest economy.March exports rose a blistering 11.5 per cent from a year earlier, customs data showed on Wednesday, the first increase since June and the largest rise since February 2015, although..
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  • Businesses borrowing less

    Businesses borrowing less
    Businesses borrowing less
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  • BHP, Rio: Iron-ore's next big threat looms in China's junkyards

    BHP, Rio: Iron-ore's next big threat looms in China's junkyards
    Video will begin in 5 seconds. BHP CEO Andrew Mackenzie looks beyond iron ore The head of Australia's mining giant BHP Billiton says there's more volatility ahead for Chinese-driven commodities, and it's time to look beyond iron ore. PT0M45S 620 349 As China's booming middle class junks ageing cars and home appliances, the next threat to the world's ailing iron-ore producers is materialising.In a country that uses more steel than any other, it's now become about as profitable ..
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New report finds Geelong mayor Darryn Lyons and council ... .Firefighter hurt as fire guts Geelong home .
More claims on Geelong Powerball 14's disputed lottery winnings .Almost half of natural World Heritage sites under severe threat, says WWF .

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