australian economy

Australia’s new home sales fall


August 28th, 2012 - 12:58 pm ICT by IANS
Sydney, Aug 28 (IANS) New home sales in Australia posted a weak result in July, giving up much of the strength gained in late 2011-12, according to a report released ... Read more...

Posted in Business |

Australian economy grows at 3.2 percent


July 23rd, 2012 - 1:50 pm ICT by IANS
Canberra, July 23 (IANS) Australia's economy has recorded a 3.2 percent growth in the year to June 2012, said a report by Australia's leading private sector economic advisory released Monday.That ... Read more...

Posted in Business |

Australian economy recovering slowly


July 18th, 2012 - 2:51 pm ICT by IANS
Sydney, July 18 (IANS) Australia's economic conditions are at their strongest since September 2011, but the growth rate of future economic activity remains below long-term trend, according to a survey ... Read more...

Posted in Business |

Australia eyes 50 million potential Indian globetrotters


June 16th, 2012 - 4:38 pm ICT by IANS
Melbourne, June 16 (IANS) With Indian overseas travelers market poised to grow exponentially in the next decade, Tourism Australia has come out with a detailed plan to lure at least ... Read more...

Posted in Business |

Australian mining giant squirms at India’s slow growth


May 18th, 2012 - 5:03 pm ICT by IANS
Sydney, May 18 (IANS) The unexpected slowdown in the Indian economy is creating ripples in Australia as a mining giant has expressed concern over the slackening iron ore demand from ... Read more...

Posted in Business |

Australia dismisses loss of overseas student as ‘good thing’


March 9th, 2012 - 11:41 am ICT by IANS
Sydney, March 9 (IANS) Unfazed by a massive drop of A$3bn in the revenue from international students in the last one year, Australian Tertiary Education Minister Chris Evans has even ... Read more...

Posted in Uncategorized |

Australia keeps cash rate on hold


March 6th, 2012 - 1:53 pm ICT by IANS
Sydney, March 6 (IANS) The Reserve Bank of Australia (RBA) Tuesday announced its decision to keep the official cash rate on hold at 4.25 percent.The RBA, after its March board ... Read more...

Posted in Business |

Australian Reserve Bank leaves cash rate unchanged


February 7th, 2012 - 2:57 pm ICT by IANS
Sydney, Feb 7 (IANS) The Reserve Bank of Australia (RBA) announced Tuesday its decision to leave the cash rate unchanged at 4.25 percent following its February board meeting.The decision surprised ... Read more...

Posted in Business |

Australian Q4 consumer price index unchanged


January 25th, 2012 - 2:54 pm ICT by IANS
Sydney, Jan 25 (IANS) Australia's consumer price index (CPI) was unchanged in the December quarter 2011, compared with a rise of 0.6 percent in the September quarter, the Australian Bureau ... Read more...

Posted in Business |

Australia’s unemployment rate forecast to rise in 2012


January 16th, 2012 - 3:35 pm ICT by IANS
Sydney, Jan 16 (IANS) Australia is expected to have a higher jobless rate in 2012, the country's major bank ANZ Bank said Monday.The total number of job advertisements in Australia ... Read more...

Posted in Business |

Reserve Bank of Australia cuts cash rate


December 6th, 2011 - 2:52 pm ICT by IANS
Sydney, Dec 6 (IANS) The Reserve Bank of Australia (RBA) Tuesday announced it has decided to lower the cash rate from 4.5 percent to 4.25 percent, effective Dec 7.It was ... Read more...

Posted in Uncategorized |

Australian economy growing as projected: Survey


November 16th, 2011 - 1:56 pm ICT by IANS
Sydney, Nov 16 (IANS) The Australian economy is growing at an annual pace close to the projected long-term trend, according to a survey released Wednesday.The survey was by Westpac Banking ... Read more...

Posted in Uncategorized |

Australia relents on lifting uranium ban, India hails move (Second Lead)


November 15th, 2011 - 5:35 pm ICT by IANS
Melbourne/Banglaore, Nov 15 (IANS) In a dramatic policy reversal, Australian Prime Minister Julia Gillard Tuesday signalled a plan to lift a long-standing ban on uranium sales to India and ... Read more...

Posted in Business |

Australian finance minister warns of tough spending cuts


November 14th, 2011 - 3:42 pm ICT by IANS
Canberra, Nov 14 (IANS) Australian Finance Minister Penny Wong Monday renewed her warning of deep spending cuts in the upcoming mini-budget as the government struggles to keep its pledge to ... Read more...

Posted in Business |

Indian must reduce dependence on agriculture: Australian study


October 24th, 2011 - 6:13 pm ICT by IANS
Melbourne, Oct 24 (IANS) India needs to improve farm productivity drastically to meet the food needs of the rising population, an Australian Treasury analysis has warned while saying that India ... Read more...

Posted in Business |

Australian economic growth set to pick up pace: Report


October 19th, 2011 - 2:09 pm ICT by IANS
Sydney, Oct 19 (IANS) The growth of the Australian economy is set to pick up pace in 2012, according to a report released Wednesday.The report was by Australia's Westpac Banking ... Read more...

Posted in Uncategorized |

Australia wants more Indian tourists


October 13th, 2011 - 12:38 pm ICT by IANS
Melbourne, Oct 13 (IANS) Tourism Australia has become the latest Australian organization to express interest in milking the burgeoning, and cash rich, Indian middle class.The Australian government owned tourism promotion ... Read more...

Posted in Life Style |

Rise in Indian students opting for Australia


July 5th, 2011 - 9:39 am ICT by IANS
Melbourne, July 5 (IANS) After two years of tumbling fortunes, the tide seems to be turning in favour of Australian universities, as more and more Indian students are opting to ... Read more...

Posted in World |

Australia suffering from women brain drain


April 11th, 2011 - 12:04 pm ICT by IANS
Sydney, April 11 (IANS) The Australian economy was suffering because women scientists do not receive the same opportunity as their male peers resulting in brain drain, a top scientist has ... Read more...

Posted in Business |

Workplace stress ‘costing Oz billions of dollars a year’


April 4th, 2011 - 6:10 pm ICT by ANI
Melbourne, April 04 (ANI): A new report has suggested that the workplace stress is costing Australia billions of dollars a year.Experts have urged employers to create "interventions" to stem the damage.Psychologists Mike ... Read more...

Posted in World |

Global temperatures ‘on the increase’


March 22nd, 2011 - 3:02 pm ICT by ANI
Melbourne, Mar 22 (ANI): A new study on global temperatures has found a trend towards a rise of about half a degree Celsius in worldwide temperatures since 1850, with a steeper increase ... Read more...

Posted in Health Science |

Punjab students hail Australian visa review


December 16th, 2010 - 9:36 pm ICT by IANS
Chandigarh, Dec 16 (IANS) Students aspiring to study in Australia and overseas education consultants in Punjab Thursday hailed the proposed relaxations announced by the Australian government in the student visa norms."The new ... Read more...

Posted in Uncategorized |

Cricket Australia may lose upto 20 million dollars due to poor Ashes spectator attendance


November 15th, 2010 - 2:49 pm ICT by ANI
Sydney, Nov. 15 (ANI): The Ashes is the traditional cash cow that funds Australian cricket, but slumping ticket sales in all states will wipe at least 16 million dollars from Cricket Australia's ... Read more...

Posted in World |

Oz dollar hits parity with US greenback for first time since floated in 1983


October 16th, 2010 - 1:10 pm ICT by ANI
Canberra, Oct 16 (ANI): The Australian dollar has reportedly reached parity with the US dollar for the first time since it was floated in December 1983.According to News.com.au, the Australian currency reached ... Read more...

Posted in Business |

Australia moving closer to Chinese economy, says RBA


September 16th, 2010 - 5:14 pm ICT by ANI
Sydney, Sep 16 (ANI): The Reserve Bank of Australia (RBA) on Thursday said Australia's economic strength is no longer marching in step with the economy of the United States, but has instead ... Read more...

Posted in World |

Australia very reliant on foreign students to prop up varsity funding


September 8th, 2010 - 2:22 pm ICT by ANI
Melbourne, Sept.8 (ANI): Australia has the highest proportion of international students enrolled in its tertiary institutions in the world, suggesting that it is highly reliant on this student community strata to attract ... Read more...

Posted in World |

Guzzling colleagues mean longer working hours for you: Study


August 2nd, 2010 - 1:03 pm ICT by ANI
Melbourne, August 2 (ANI): Remember having to fill in for your colleague who drank too much last night and couldn't come to work the next day?A new survey has revealed that ... Read more...

Posted in Life Style |

Alcoholic workers costing Australia $400 mn


August 1st, 2010 - 4:54 pm ICT by IANS
Melbourne, Aug 1 (IANS) Colleagues of heavy drinkers in Australia are being forced to do extra work to cover up for their alcoholic co-workers, and this extra labour is costing the economy ... Read more...

Posted in Business |

Australia announces changed Skilled Migration program


July 1st, 2010 - 5:02 pm ICT by ANI
New Delhi, July 1 (ANI): The Australian Government has announced some changes to its Skills Migration program, which it hopes will improve student inflows.The Australian High Commission in New Delhi has, however, ... Read more...

Posted in World |

Student visa policy not being changed: Australia


June 30th, 2010 - 11:27 pm ICT by IANS
New Delhi, June 30 (IANS) Australia Wednesday said it is not changing its student visa policy and there are no plans to cap the number of foreign students studying in the country. ... Read more...

Posted in Uncategorized |

Indian student numbers to Australia plummet to 200 from 8600 in 2009


May 28th, 2010 - 1:48 pm ICT by ANI
Melbourne, May 28 (ANI): Australia's largest international student recruiter, IDP Education Pty Ltd (IDP), has said that the number of Indian student visas has crashed from 8600 a year ago to just ... Read more...

Posted in World |

Macqaurie banker caught checking Kerr’s steamy shots gets to keep his job


February 5th, 2010 - 2:57 pm ICT by ANI
Melbourne, Feb 5 (ANI): The red-faced Macquarie Wealth adviser, who was caught looking at photographs of scantily clad women on a live TV broadcast, has been told he can keep his job.David ... Read more...

Posted in World |

Why are Indian students being targeted in Australia? (Comment)


January 31st, 2010 - 10:17 am ICT by IANS
By Lohit Shandilya I have lived in Melbourne for over seven years and there is no doubt that the situation has changed for Indians here. Denying racism in Australia is like denying casteism ... Read more...

Posted in World |

India to fuel Aussie boom for decades


November 30th, 2009 - 11:02 am ICT by IANS
By Paritosh Parasher Melbourne, Nov 30 (IANS) India and China would continue to drive the Australian economy for decades to come, Warren McKibbin, a member of Reserve Bank of Australia, has reiterated while ... Read more...

Posted in Business |

We will continue to support US dollar: Australian PM


November 12th, 2009 - 4:21 pm ICT by IANS
New Delhi, Nov 12 (IANS) Despite concerns over the falling US dollar, Australian Prime Minister Kevin Rudd Thursday said his country would continue to support the currency. "The US dollar will provide ... Read more...

Posted in Business |

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