Brian Redican

Australia Mining Slowdown Hitting Economy Never Down on Luck

Australia, known as the lucky country for its resource abundance and temperate climate, is about to find out how long its latest winning streak will last.

Australian Central Bank Holds Key Rate, Citing ‘Unsettled’ Global Markets

The Reserve Bank of Australia left its benchmark interest rate unchanged for a ninth straight meeting, citing unstable financial markets and weaker growth prospects at home and abroad.

Australian Employers Add 10,100 Jobs as Economy Weathers European Crisis

Australian employers added workers for a second month in October and the unemployment rate fell as energy companies ramped up hiring, helping the economy weather global market turmoil from Europe’s fiscal crisis.

RBA Holds at 4.75% as Stevens Weighs Global Outlook, Sending Dollar Lower

The Reserve Bank of Australia kept the benchmark interest rate unchanged, saying that while its board considered boosting borrowing costs, it was prudent to hold off because of a clouded global economic outlook.

Swan May Prove Optimistic on Resource Tax's Growth Impact, Analysts Say

Australian government plans to reduce corporate taxes and overhaul resource-industry duties may have less of an impact on economic growth than the 0.7 percent gain claimed by Treasurer Wayne Swan, according to analysts.

RBA Saw Scope for Cut in Australian Rates as Inflation ‘Less Concerning’

Australia’s central bank saw scope to reduce the nation’s benchmark interest rate from a developed- world high if needed as a slower domestic economy eased inflation concern, minutes of its Oct. 4 meeting showed.

Australia Central Bank Cuts Growth, Inflation Forecasts Amid Euro Turmoil

The Reserve Bank of Australia cut its forecasts for economic growth and inflation for the next two years as financial turmoil abroad makes businesses more reluctant to hire and consumers wary about spending.

Australia Keeps 2013 Budget Surplus Pledge as EU Debt Crisis Hurts Revenue

Australia’s government will cut A$6.8 billion ($6.7 billion) in spending to meet Prime Minister Julia Gillard’s pledge to deliver a budget surplus as Europe’s debt crisis crimps revenue by slowing global growth.

Australia Employment Rises for Second Month, Adding Interest Rate Pressure

Australia’s job growth accelerated in April, propelled by full-time employment , indicating diminished slack in an economy fueled by resource shipments to China.

Gillard Keeps Power by Ceding Ground to Australia Independents

Julia Gillard held on to power as Australia’s first female prime minister after two independent lawmakers agreed to prop up a minority Labor Party government to resolve the country’s closest election in 70 years.

"The clear message is that the labor market has slowed materially in the second half of 2011 and that's going to be one of the major concerns for the Reserve Bank as we move through 2012."

- Brian Redican on Jan 18, 2012

Australia

Reserve Bank

Europe

China

Bain, Golden Gate Agree to Buy BMC for $6.9 Billion

GM Plans About $16 Billion in Investments in U.S. by 2016

Yen Slides as Commodities Drop While S&P 500 Fluctuates

Housing Crash Fades as Defaults Decline to 2007 Levels

Gold Bulls Split With Buffett as Traders Say Sell: Commodities