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WA Leads the way for Australian growth

Apr 30, 2012 Articles

THE mining boom state of Western Australia continues to lead the nation’s economic growth and is set to maintain its course for most of this year. WA’s economic output is now 28 per cent higher than its 10-year average, the latest quarterly State of the States report compiled by CommSec shows. “Western Australia has consolidated Read the full article…

Newman plans population growth

Nov 17, 2011 Articles | Pilbara property

BHP Billiton has approved a $US698 million ($A687.72 million) investment to develop its share of an iron ore mine near Newman in Western Australia. The proposed new mine will have an expected capacity of 17 million tonnes per annum. The development will include the construction of an ore crushing plant, train loadout facility, rail spur to Read the full article…

Interest rate cut

Nov 2, 2011 Articles | Government & Policy

INTEREST rates have fallen to 4.5 per cent, providing a massive boost for struggling households and the retail sector ahead of Christmas. The Reserve Bank of Australia on Tuesday slashed rates by 25 basis points in a bid to boost consumer spending and turn around the depressed property market. Most of Australia’s biggest home lenders cut Read the full article…

Monetary Policy Decision

Oct 21, 2011 Articles | Government & Policy

At its meeting today, the Board decided to leave the cash rate unchanged at 4.75 per cent. Conditions in global financial markets have continued to be very unsettled, with uncertainty increasing about both the prospects for resolution of the sovereign debt and banking problems in Europe, and the outlook for global economic growth. While temporary impediments Read the full article…