House price growth global leader
Australian house prices have grown faster than those in any other major economy but low interest rates and high incomes mean they're still relatively affordable, says credit ratings agency Fitch.
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Key Stories
Shares down as BHP and inflation weigh
Shares finished lower on Wednesday, pulled down by falls in the big miners and after a stronger than expected inflation reading led to uncertainty about the direction of interest rates.
Office dominance could push up rents
Premium-grade office towers along the Eastern seaboard are now dominated by two landlords.
Surprise inflation spike
Consumer prices jumped by a surprise 0.8 per cent last quarter.
Qantas beats Virgin for running on time
Qantas has once again proven more reliable than rival Virgin Australia Holdings in getting its passengers to their destinations on time.
Job losses hit confidence
Consumer confidence has slipped for the second straight month to its lowest level since July, as concerns about unemployment weighed and cheer over rises in house prices faded.
BHP production falls short
BHP Billiton is still on track to achieve full year production guidance in its four ''pillar'' commodities, despite reporting December quarter results that fell short of some expectations.
Headline Stories
- World business Funds PIMCO chief Mohamed El-Erian resigns
- Mining and Resources Energy Race for Shell down to two after TPG pulls out
- Business Revenue Call to tear up treaties with tax havens
- Business Competition ACCC eyes brewers' grip on pubs
Market Indices
Last updated:
January 22, 2014 - 4:40PM
January 22, 2014 - 4:40PM
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January 22, 2014 - 7:01PM
January 22, 2014 - 7:01PM
Last updated:
January 22, 2014 - 9:16AM
January 22, 2014 - 9:16AM
Last updated:
January 22, 2014 - 7:28PM
January 22, 2014 - 7:28PM
Currencies
| Last updated: | |
| United States Dollar | |
|---|---|
| 0.8873 | 0.74% |
| Euro | |
| 0.6552 | 0.86% |
| British Pound | |
| 0.5390 | 0.79% |
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Shares down as BHP and inflation weigh
Shares pulled down by big miners and a stronger than expected inflation reading.
In Depth
Iron ore miners down but not out
The commodity that held the country out of the global financial crisis is set to struggle in 2014.
US bounties lure Aussie whistleblowers
Dozens of Australians gave tip-offs to a US scheme rewarding whistleblowers with cash incentives.
Phone-free Nokia under pressure
Nokia is expected to show a steep fall in network equipment sales in its results this week.
Trading Room
AFIC's analysis: no rush to buy expensive blue chips
Australia's biggest listed investment company believes the sharemarket is overvalued.
Hedge funds’ top five currency bets for 2014
Hedge funds think 2014 could be the year their currency bets finally pay off.
Business News Wire
- AAP Mount Gibson shares up on record sales
- BRR Vanguard: SMSF 'speeding tickets' on ...
- AAP Aurora shares slip despite production ...
- AAP Kingsgate to meet 2014 production ...
- BRR End of the PPSA transitional provisions ...
- AAP CPI blip unlikely to rule out rate cut
- AAP Rising inflation makes rate cuts ...
Markets
Shares close down as BHP and inflation weigh
Shares finished lower on Wednesday, pulled down by falls in the big miners and after a stronger than expected inflation reading led to uncertainty about the direction of interest rates.
Inflation figures pump up dollar
The Australian dollar is up further after surprisingly high inflation numbers made another interest rate cut less likely.
S&P snaps two-session decline
US stocks mostly rose on Tuesday, with the S&P; 500 snapping a two-session decline as the materials sector rallied.
- Wall Street Microsoft, Netflix top big earnings week
- Markets Tweets move markets, poll finds
- Investing AFIC's analysis: no rush to buy expensive blue chips
- Gold Chinese gold imports may fall as buying frenzy calms
- What's on this week Business calendar for January 19 - 24
Outlook good for ETFs after 'hallmark year'
Search Quotes & Charts
The Economy
Cheer fades as job losses hit confidence
Consumer confidence has slipped for the second straight month to its lowest level since July.
PwC survey: CEOs globally positive, locally wary
Chief executives are more positive about the global economy, but remain cautious about growth in their own companies, survey finds.
Retail
Chemist Warehouse to ignore order for ad retraction
Chemist Warehouse has again been found to have breached advertising standards.
Valley facelift won't be without its pain
Brisbane's Fortitude Valley faces a major facelift - but traders fear they may not be smiling for some time.
Banking & Finance
Sign-off looms for credit card signatures
Signing credit card and debit card verifications at point of sale will be phased out from August 1 this year.
NAB sweetens personal loan, credit card offers
NAB is making a push to increase its share in consumer lending.
Mining & Resources
Saracen buys unloved Thunderbox mine
Investors have responded warmly to Saracen Mineral Holdings’ latest gold acquisition.
Iron ore miners down but not out
Australia’s iron ore miners face the looming threat of tumbling profits as the commodity that held the country out of the global financial crisis struggles in 2014.
World Business
Kiwi house prices rise and rise
Tighter lending restrictions have yet to put a cap on booming Kiwi house prices.
Britain’s shale gas boom yet to get fracking
A British shale gas boom is a far more distant prospect than ministers have suggested, with at most one or two wells likely to be fracked this year.
- Networks Phone-free Nokia under pressure
- Japan Nintendo shares sink as Wii U stumbles
- Banking Deutsche posts surprise loss as scandals hit home
- Administration Yahoo's de Castro given his marching orders
- Technology Intel plans to cut staff as it reboots into mobile
- Economy Ireland regains investment grade rating from Moody's
- Banking Iceland's banks loath to lend after troubled past
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China
China's elite linked to offshore tax havens
Close family members of China's political elite have been exposed as operating companies in offshore tax havens.
Chinese gold imports may fall as buying calms
Chinese gold imports look set to fall from last year's record levels.
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Property Focus
Tough for tenants as Dexus and GPT dominate
Premium-grade office towers along the Eastern seaboard are now dominated by two landlords.
Australian house price growth rated global leader
Australian house prices have grown faster than those in any other major economy but low interest rates and high incomes mean they're still relatively affordable, says credit ratings agency Fitch.
Capital city house prices rise 10% in 2013
Capital city house prices rose by almost 10 per cent last year, the highest yearly growth in four years.
Brutalist icon to make way for Perth CBD hotel
Ratings tool crucial to lifting sustainability standards
Sustainability in the design and construction of new office buildings has been a focus in Australia for more than a decade.
Executive Style
How are those resolutions going?
Did you honour your health and fitness promises, or fall at the first burger?
Money
Can you make cash off a hot tin roof?
Success with solar energy isn't as simple - or as lucrative - as it once was.
Savings a buffer against joblessness
The typical newly unemployed Australian has only 47 days of savings to live off.
Small Business
Tradie bashing: valid or not?
Many consumers want unprofessional tradespeople. So don't complain next time a tradie fails to meet your expectations.
Five tips to boost your career this year
Make 2014 the year you fulfill your potential.
Business Video
China week, $A weak
The Aussie dollar wavers as the Chinese steel market wobbles.
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Comment & Analysis
RBA has to stay stoic on rates Contains: total comments 3
Inflation surprise means the IMF is now talking to us
Shell rethink on LNG looms large