Retail spending rose 0.4% in March
Retail spending rose 0.4% in March>> view originalRBA cash rate heading to zero: leading analyst
Australia is "clearly converging" to the low inflation, low rate world, Algebris Investments' Alberto Gallo says. Photo: Bloomberg Australia may be heading towards zero interest rates in the coming five years, one of the world's leading credit strategists says.While hardly a household name, the views of Alberto Gallo carry weight. He developed a cult following in the industry during his time as head of global macro credit research at investment bank RBS.The i..>> view originalSuper Retail flags $43m in restructuring costs
Super Retail CEO Peter Birtles is closing or rebranding more than half his Ray's Outdoors stores in a bid to return the chain to profitability. Photo: Daniel Munoz Super Retail Group plans to go head to head with Kathmandu in the $2.2 billion outdoor leisure market by turning Ray's Outdoors into a shopping destination for campers, hikers and adventurers.After a strategic review lasting more than 18 months, Super Retail has finally signed off on a new concept..>> view originalFonterra cuts Aus farmgate milk price
Australian Dollar Rises Against Majors
The Australian dollar strengthened against the other major currencies in the Asian session on Thursday. The Australian dollar rose to a 2-day high of 0.9627 against the Canadian dollar, from yesterday's closing value of 0.9588. Against the euro and the yen, the aussie edged up to 1.5319 and 80.31 from yesterday's closing quotes of 1.5395 and 79.71, respectively. Against the U.S. and the New Zealand dollars, the aussie advanced to 0.7495 and 1.0875 from yesterday's closing quotes of 0.7451 and ..>> view originalIt took 10 years but NAB now poised to perform
For the first time in 10 years National Australia Bank is offering investors a pathway to earnings growth thanks to the disposal of its poor performing bank in the United Kingdom and its life company.Chief executive Andrew Thorburn told Chanticleer on Thursday that the bank faced a couple of difficult years ahead but he rejected the idea that NAB and its banking peers were "ex-growth".Thorburn spent his first 18 months in the job dealing with the legacy of past executives. That cleansing proces..>> view originalShopping centres wary of unseasonably warm winter weather
The opening of the new section of Eastland shopping centre in Ringwood in May. Photo: Supplied The abnormally warm weather across Australia's eastern seaboard has not slowed fashion sales in shopping centres but there are concerns it may have an impact.At this time of year, clothing retailers traditionally rely on a sales boost from shoppers shifting focus to winter apparel, but a record run of warm weather has seen consumers avoid purchasing winter woollies...>> view originalRBA names Philip Lowe as next governor
Video will begin in 5 seconds. Philip Lowe named next RBA governor The federal government names Philip Lowe as the next governor of the Reserve Bank of Australia, taking over from outgoing chief Glenn Stevens. Courtesy ABC News 24. PT0M20S 620 349 Glenn Steven's deputy, Philip Lowe, has been appointed governor of the Reserve Bank in the one of the government's last acts before it goes into caretaker mode. I am pleased to announce the appointment of Dr Philip Lowe as the Gover..>> view originalAirport queue fast-track: Fee proposal for passengers' priority Customs checks backed by tourism industry
Airport queue fast-track: Fee proposal for passengers' priority Customs checks backed by tourism industry Posted May 05, 2016 16:06:05 A proposal to allow airline passengers to pay a fee to pass through Australia's Immigration and Customs queues more quickly has been backed by the tourism industry.The plan for a paid, fast-tracked airport processing scheme was included in the federal budget earlier this week.Tourism and Transport Forum chief executive Margy Osmond sai..>> view originalCaltex results impress investors
Thursday, May 5, 2016
Retail spending rose 0.4% in March and other top stories.
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