Tag: economy
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Australian trade surplus falls by two-thirds
Australia’s trade surplus has fallen to $1.3bn for January 2017, a drop of almost two-thirds from December 2016’s significant $3.3bn surplus. This surprising decline defied the expectations of many market experts, who had predicted further growth in the surplus following the record-breaking surplus recorded for December 2016. However, economists have been quick to address the situation, stating…
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Deutsche Bank pays $9.5 billion for contributing to GFC
Deutsche Bank this week reached a final settlement with the US Justice Department over their handling of mortgage-backed securities prior to 2008. The bank agreed to pay $9.5 billion (or US$7.2 billion) and admitted to misleading investors. Deutsche Bank admitted to misleading customers about the loans underlying the securities, including falsely claiming that loans had been…
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Petrol prices soar
Petrol prices are soaring throughout Australia, with reported rises of as much as 20 cents a litre in some areas. It is expected that $1.40 per litre for unleaded petrol will be the benchmark for this month. Figures from the Australian Institute for Petroleum show that the national average price rose 2.2 cents this past…
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Be careful of the 1:42pm stress
According to a new survey by Groupon, 1:42pm precisely is the most hectic and stressful minute of the day. With an average person spending 8 hours or more at work, they develop patterns of tiredness and drowsiness during the day. 60% of individuals do not have time to relax at home because of family commitments…
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How to become wealthy
Everyone wants to be wealthy (or at least well off) and be able to choose when and why they work. It’s difficult to feel like you’re achieving anything when you’re paying a lot of rent or paying $5 for a coffee every day, but we’ve got some tips to help you save better and spend…
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Australian tourism industry booming
The Australian Bureau of Statistics has reported that Australia received more short-term visitors than ever in October. The Australian tourism industry recorded over 713,300 more visitors than the previous year, an improvement of 12.7%. That increase in short-term visitors takes the year’s total to over 8 million visitors, with an increase of 819,800 arrivals (or 11.2%)…
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Western Sydney Housing Prices On The Rise
Recent real estate reports have shown that housing prices in Western Sydney are rising sharply, in direct contrast to housing prices in Sydney’s CBD. Reports show that real estate prices in the CBD have fallen an average of 6.3% in the last 12 months. A local woman managed to snap up a four bedroom penthouse in Sydney’s…
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Goldman Sachs upgrades Australian economy
Goldman Sachs has released an upgraded forecast for Australia’s economy that reflects much higher predicted economic growth and a higher Australian dollar. The Australian economics team at Goldman Sachs, which consists of Tim Toohey, Andrew Boak and Bill Zu, also expect that the RBA will lift interest rates as soon as late 2017. The team believe that…
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Things you did not know about Google
Google is celebrating 18 years of the being the world’s largest internet company. If you visit the website you’ll find balloons and a little animation doodle on the home screen. To honour the company that has always been able to answer any questions we have, here are some facts you did not know about the site. Google has a pet T-Rex…
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Walt Disney is buying Twitter?
Walt Disney is working with their financial advisor to work out a possible bid for Twitter. The company is comprehending to accept the bid with their own financial team. Another three competitors, Salesforce.com, Google and Microsoft are all planning bids on Twitter. There is a possibility that Disney will come out first as Jack Dorsey, CEO…