360° Coverage : Australian business confidence improves

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Australian business confidence improves
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Australian business confidence improves

Feb 12 2013, 2:28am CST | by

Sydney, Feb 12 (IANS) Australian business confidence was broadly steady in January after recovering strongly in December from very poor levels, a private survey released on Tuesday by National Australia Bank (NAB) showed.

Sydney, Feb 12 — Australian business confidence was broadly steady in January after recovering strongly in December from very poor levels, a private survey released on Tuesday by National Australia...

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1 year ago

Australian business confidence improves

Feb 12 2013, 2:28am CST | by

Sydney, Feb 12 (IANS) Australian business confidence was broadly steady in January after recovering strongly in December from very poor levels, a private survey released on Tuesday by National Australia Bank (NAB) showed.

Sydney, Feb 12 — Australian business confidence was broadly steady in January after recovering strongly in December from very poor levels, a private survey released on Tuesday by National Australia Bank (NAB) showed.

NAB's monthly business survey showed business confidence rose one point to an index level of plus three points in January, reported Xinhua.

However, business condition remained in negative territory in the month despite improving three index points to minus two.

The bank said the confidence recovery was mainly helped by the rally in global equity markets and generally better activity in China, as well as recent rate cuts from the Reserve Bank of Australia (RBA).

"However confidence remains below long-run average levels," NAB said in its report.

"Business conditions were generally better across interest sensitive industries in January, but fell heavily in mining."

NAB says it still sees the need for the RBA to cut the cash rate by 75 basis points in 2013.

IANS

Source: IANS

 
Update
11

2 weeks ago

AUD/USD, EUR/USD Test Range Lows, NZD on the Edge

Nov 5 2014 12:07am CST | Source: Forex News

Talking Points: AUDUSD, NZDUSD hold October swing lows on test. EURUSD seeing follow through on yesterday’s hammer. Monetary Policy on Trial with RBA, ECB, and NFPs this Week  The US Dollar’s rally is starting to feel a bit long in the tooth now, even after the Bank of Japan’s wildly overhyped easing measures propelled USDJPY through ¥114.00 yesterday. Although the buck gapped higher to start the week, a lack of follow through and signs of t ...
Source: Forex News   Full article at: Forex News
 

 
Update
10

3 weeks ago

RBA interest rate announcement - full text

Nov 3 2014 10:33pm CST | Source: NEWS.com.au

THE full text of the RBA's interest announcement on Tuesday. After its monthly meeting, the RBA board said the cash rate would stay at 2.5p ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
9

3 weeks ago

$A rises after rates left unchanged

Nov 3 2014 9:54pm CST | Source: NEWS.com.au

THE Australian dollar rose after the RBA left the cash rate on hold at ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
8

3 weeks ago

RBA holds rate steady for 15th month

Nov 3 2014 9:30pm CST | Source: The Australian

THE RBA has held the official cash rate at its record low for the 15th consecutive month, and the third straight Melbo ...
Source: The Australian   Full article at: The Australian
 

 
Update
7

3 weeks ago

Melbourne Cup rate move a non-starter

Nov 3 2014 2:26pm CST | Source: NEWS.com.au

THE RBA is expected to keep the cash rate unchanged as it waits to see if the housing market will cool and economic growt ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
5

3 weeks ago

Melbourne Cup day rate move a non starter

Oct 30 2014 10:50pm CDT | Source: NEWS.com.au

THE RBA is keeping the cash rate unchanged as it waits to see if the housing market will cool and if ...
Source: NEWS.com.au   Full article at: NEWS.com.au
 

 
Update
4

3 weeks ago

Top Trade Idea For October 29th, 2014 – AUD/CAD

Oct 29 2014 9:31am CDT | Source: Forex News

With the markets fully focused on the outcome of the FOMC tonight, it may be best to avoid looking at assets which will be directly impacted by the Fed’s decision. In this regard, one currency pair that has caught my eye is the AUD/CAD, which could be on the verge of resuming its downward trend. Although the AUD has strengthened recently, so has the CAD after the Bank of Canada dropped the “neutral” policy wording from its latest rate statement, whic ...
Source: Forex News   Full article at: Forex News
 

 
Update
3

4 weeks ago

Students driving inner-city property: RBA

Oct 27 2014 6:44pm CDT | Source: The Australian

BUILDING on city fringes may be counterproductive to solving the housing supply shortage, as most people want to live near the cit ...
Source: The Australian   Full article at: The Australian
 

 
Update
2

4 weeks ago

Conference Focuses on 'Reinventing Health Care the Rochester Way'

Oct 23 2014 10:54am CDT | Source: Your News Now - Finger Lakes

More than 200 business owners, benefit advocates and economists shared ideas about the changing role of healthcare benefits at RBA's 'Reinventing Health Care the Rochester Way ...
Source: Your News Now - Finger Lakes   Full article at: Your News Now - Finger Lakes
 

 
Update
1

4 weeks ago

RBA urges speed on payment systems

Oct 22 2014 7:37pm CDT | Source: The Australian

THE RBA’s Glenn Stevens has threatened to impose a regulatory solution if the nation’s banks can’t reach agreement on a new, faster payments pl ...
Source: The Australian   Full article at: The Australian
 

 

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<a href="/latest_stories/all/all/8" rel="author">Luigi Lugmayr</a>
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

 

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