au-hotdailynews: 2015-02-04 Australia Business

Why CBA and Westpac were so quick to cut
The Australian
NOWthat's something you don't see too often! Less than 24 hours after the Reserve Bank cut official interest rates the major banks were scrambling to pass the reduction through to home loan rates. The big banks have always been quick to pass on rate ...

More rate cuts, lower growth for Australia, predicts Goldman Sachs   Sydney Morning Herald
RBA to Cut Rates Twice More Flagged by Market: Australia Credit   Bloomberg
Westpac joins Commonwealth Bank in cutting home loan rates   Reuters
Trading Room
Money Morning Australia
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Sky News Australia

Nufarm confirms CEO Rathbone to depart
The Age
Crop protection group Nufarm has confirmed that its long-serving chief executive Doug Rathbone is stepping down after 15 years as CEO and 41 years working at the company. The herbicide, fungicide, insecticide, and specialty seeds supplier on Wednesday ...

Nufarm chief Doug Rathbone exits   Courier Mail
Nufarm's veteran CEO steps down   Sky News Australia

all 25 news articles »

ABC Online

Downer EDI signs $1b rail maintenance contract
ABC Online
Hunter engineering firm Downer EDI has signed a billion dollar rail maintenance contract at a time when union officials are questioning job cuts at some of its Newcastle sites. Downer has today announced the locomotive maintenance agreement with the big ...

Downer EDI signs rail agreement with Pacific National   Australasian Transport News
Stocks to watch at noon on Wednesday   The Age
Downer EDI wins $1bn contract with Asciano's Pacific National   Brisbane Times
WA today
TheBull.com.au
Finance News Network
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Sydney Morning Herald

Markets Live: ASX flies higher
Sydney Morning Herald
1:04pm: Proof that the economy needed yesterday's rate cut has come from two of the latest readings on business conditions and confidence, with surveys from two of the big banks showing a drop in optimism in the December quarter just as the Aussie dollar ...

Markets Live: ASX to surge   Brisbane Times

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Sydney Morning Herald

Falling business confidence about growth suggests RBA rate cut was needed
Sydney Morning Herald
Proof that the economy desperately needed Tuesday's rate cut has come from two of the latest readings on business conditions and confidence, with surveys from two of the big banks showing fading hopes in the December quarter just as the Australian ...

Business confidence sags further on sluggish spending and soft commodities   Brisbane Times
Australia Oct-Dec Business Confidence Decreases - NAB   RTT News
Falling $A hurting business confidence   Sky News Australia

all 10 news articles »

Online shopping rebounds in December
The Australian
AUSTRALIAN consumers returned to their computers, smart phones and tablets to shop during December after online sales went backwards in November. However online sales remains subdued with the rate of growth slow compared with the last few years.
NAB: Online sales picked up in December -- but growth is slowing   Business Insider Australia

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NEWS.com.au

Errors found in first home buyer data
The Australian
THE slump in lending to first home buyers is not quite as dire as it seemed. THE number of loans granted to first home buyers has been under reported since October 2011, the Australian Bureau of Statistics revealed on Wednesday. That's because some ...

First home buyers surge 20 per cent, and the reason may cause a #facepalm   NEWS.com.au
ABS admits big error on first home buyers   The Australian Financial Review
The ABS just revealed it has been hugely under-counting Australia's first home ...   Business Insider Australia

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