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Monetary policy has a key role to play in the evolution of the Australian economy, as it responds to structural change, the Reserve Bank of Australia (RBA) says. Addressing an economic forum in Syd..
The Australian share market closed firmly in the red after weaker base metals prices and a downwards revision of China's economic growth target weighed on mining stocks. The benchmark S&P/ASX20..
Bank of Queensland (BOQ) has lifted its home loan interest rate by ten basis points even though the central bank left the cash rate on hold. BOQ chief executive Stuart Grimshaw said the move to rai..
The Reserve Bank of Australia has kept the cash rate at 4.25 per cent at its March board meeting. The last time the central bank cut the official interest rate was a quarter per cent cut in Decembe..
Foreign trade figures showing a boost to exports have added to the case that official data will show an acceleration in the economic growth rate, economists say. Foreign trade, adjusted for price c..
Westpac Banking Corporation has confirmed plans to send 119 technology jobs overseas to cut costs. A Westpac spokesman said on Tuesday staff working in the affected parts of the bank were told last..
Mining giant Rio Tinto plans to invest $US2 billion ($A1.87 billion) in an iron ore project in eastern India in what it says will be Australia's "largest investment" in the South Asian nation. Sam ..
The Australian dollar has fallen almost half a of one US cent as global markets reacted to China's reduced growth target. At 0700 AEDT the Australian dollar was trading at 106.69 US cents, down fro..
US stocks have fallen on worries about the slowing global economy after China lowered its growth estimate eclipsed positive numbers on the US services sector. The Dow Jones Industrial Average dippe..
The Reserve Bank of Australia (RBA) is expected to hold interest rates at their current level when it meets on Tuesday. An AAP survey of 13 economists last week revealed all expected the RBA to hol..
