WOW Does Wow, But Sales Slowing
The Reserve Bank's campaign to slow inflation by slowing consumption activities like retail sales has hit the final quarter sales of the country's biggest retailer, Woolworths.
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Australian Economy
RBA GOV: Don't Expect A Rate Rise
For the second time in as many days the Reserve Bank has declined an opportunity to wave a big stick at inflation by hinting at higher interest rates.
Greenhouse Green Paper's Costs
The burden of the Rudd Government's climate change plan will be carried by Australia's big business, particularly those operating in the resources sector.
Markets Bounce Despite US CPI Surge
It's amazing how a better than expected poor profit result change sentiment,, helped by a $US4 a drop in the price of oil, and a few other odds and sods.
Midday Market Roundup 16/07/08
The market is up 7. SFE Futures were down 37 first thing this morning.
Rate Cut On The Cards
Well, the chances of a Reserve Bank rate rise are non-existent, while the chances of a rate cut are growing, despite another round of opportunistic rate rises from our now dominant banks and expectations of a high inflation reading when the June quarter Consumer Price Index is released next week.
NZ CPI Surges, Japan Cuts Growth Forecast Again
While Australia seems well placed economically and the next rate cut is down even after inflation rises next week, the news from Japan and New Zealand is gloomy.
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