The sight of Victorian fruit farmers bulldozing surplus trees due to the loss of supply contracts is a dramatic way to illustrate the quandary facing both Australian industry and growers.
In April Victorian…
The federal government’s Farm Finance package includes concessional loans to help farmers restructure and improve productivity – but carries the risk of heaping them with more debt.
The Federal Government’s new Farm Finance assistance package includes concessional loans to help farms restructure debt and invest in productivity.
But this is a back-to-the-future response that carries…
The Australian dollar’s rally in response to more expansive monetary policy from Japan isn’t likely to last, as Japan wrestles with domestic and political reforms.
The coordinated policies of the Bank of Japan and the Japanese government in increasing money supply has had some interesting short-term implications for the Australian dollar.
Since the Bank of Japan…
Some commentators have suggested that the RBA should intervene in currency markets to tame the Australian dollar. But is this a wise move?
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As foreign central banks continue to park their money in our triple-A rated bonds, the Australian dollar continues its inevitable ascent.
The dollar traded as high as US106.03¢ after the RBA left the…
Pay it down – Treasurer Wayne Swan goes through his now-usual exhortation to banks to pass on today’s Reserve Bank 25 basis point rate cut in full.
AAP
Amid the tumultuous economic climate in the US and Europe – not to mention the tumbling fortunes of our sharemarket – the Reserve Bank of Australia has followed market sentiment and cut the official cash…
The Australian dollar has dropped to its lowest level in six months amid continuing global uncertainty: but does it remain over-valued?
AAP
The Australian dollar has dropped to a six month low on continuing fears over a Greek exit from the Eurozone, despite pleas from European Union leaders.
Head of discipline, Economics and Winthrop Professor…
Associated with sexy, outdoor aesthetic, Australia’s surfboard culture defines a way of life. But it is in danger of disappearing?
Flickr/Desobry23
Last October surfboard company BASE abruptly closed its factory on the Gold Coast, with the direct loss of 30 jobs. Since then, nearby D’Arcy Surfboards has announced it is shedding workers and downsizing…
Fears over Greece saw the Australian dollar dip under parity for the first time since December.
AAP
The Australian dollar has touched below parity with the US dollar for the first time since December last year.
This will no doubt disappoint the long line of Australian citizens touring the world, firms…
Australia’s mining boom is both a boon and a bane to our economic development.
Australia’s stark comparative advantage in mining is both a boon and a bane to our economic development. Investment in the mining industry as a share of Australia’s GDP has already reached unprecedented…
Can greater use of a sovereign wealth fund help share the revenue from the mining boom for future generations?
AAP
There has been growing debate as to whether Australia should make greater use of Australia’s sovereign wealth fund, the Future Fund, to manage fluctuations in the federal budget balance due to commodity…
The automotive industry is bearing the brunt of a strong Australian dollar.
AAP
Toyota’s announcement yesterday that it will shed 350 jobs at its plant in Altona has been blamed on the strength of the Australian dollar, which some commentators say is having a significant impact on…
Manufacturers may be forced to accept profit margins will continue to narrow.
The Australian dollar has been striking new post-float highs against the US dollar in recent weeks, and according to a number of prominent market economists could reach US$1.10 before the end of this year…