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Australian central bank keeps rates at 2.5%

Last Updated: Tuesday, June 03, 2014, 12:05

Australia`s central bank on Tuesday left interest rates on hold at a record low 2.5 percent as it sounded a cautiously optimistic note on the economy`s transition away from mining-led growth.

Australian economy expands 0.6% in Q3

Last Updated: Wednesday, December 04, 2013, 12:32

The year-on-year growth rate of 2.3 percent was well below long-term averages of about 3.25 percent.

Australia reports $17.5 bn deficit in 2012-13

Last Updated: Friday, September 27, 2013, 14:53

The Australian federal budget has run up a deficit of 18.8 billion AU dollars for the 2012-13 financial year.

Australian consumer confidence falls

Last Updated: Wednesday, April 10, 2013, 15:16

A reading above 100 indicates optimists outnumber pessimists among respondents.

OZ, India committed to comprehensive economic treaty

Last Updated: Monday, March 11, 2013, 21:45

Australian High Commissioner to India Patrick Suckling said four rounds of negotiations had been held between the two countries on this agreement with the negotiators scheduled to meet for the fifth round scheduled this May.

Australian business confidence slumps

Last Updated: Tuesday, December 11, 2012, 23:58

It was the lowest level since April 2009, when the country was still emerging from the global finance crisis.

Australian economy growing

Last Updated: Wednesday, December 05, 2012, 17:37

These increases were partially offset by a 0.5 percent fall in public investment, the ABS added.

Australian economy grows at 3.2%

Last Updated: Monday, July 23, 2012, 15:21

This year's 3.2 percent growth helped the nation achieve 21 consecutive years of economic growth.

Australia's current account deficit widens

Last Updated: Tuesday, March 06, 2012, 13:17

Australia's current account deficit widened to 8.37 billion AU dollars (USD 8.93 billion) in the December quarter of 2011, following an upwardly revised deficit of 5.82 billion AU dollars (USD 6.21 billion) in the September quarter, the Australian Bureau of Statistics (ABS) said Tuesday.