Economy

Kiwi recovers after cattle disease news

The New Zealand dollar dipped on Monday after the Ministry for Primary Industries said a cattle disease had been detected in a dairy herd in South Canterbury. But it swiftly pared its losses on the back of a weaker USD ahead of the US Federal Reserve’s two-day policy meeting and …

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Economy

Gold Road doubles Alaric resource

Gold Road Resources has doubled the Alaric open pit mineral resource to 1.9Mt at 1.51 g/t Au for 93,5000 ounces of gold, with 72% classified in the indicated category. The Alaric deposit is part of the joint venture with Gold Fields Ltd, 25km west of the Gruyere gold project in …

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Economy

Westpac looks to sell Hastings Management

Westpac Banking Corporation and Charter Hall Group have entered into exclusive discussions regarding Westpac’s proposed sale of Hastings Management Proprietary Limited. Hastings is a global infrastructure real assets business which has operated for over 22 years, headquartered in Australia. Hastings currently has funds under management of $14.3 billion managed by …

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Economy

Murray Goulburn cuts milk intake target

Murray Goulburn has cut its expected milk intake in the 2018 financial year by eight per cent to around 2.3 billion litres. The troubled dairy processor has maintained its farmgate milk price guidance of between $5.20 and $5.50 per kilogram of milk solids, but says the strengthening of the Australian …

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Economy

China’s $1 trillion game-changer

Foreign Minister Julie Bishop has said Aust opposes South China Sea militarisation during her India visit The plan for China’s “One belt, one road” initiative. IT’S a $1 trillion project that could redefine global trade and mark a tipping point for a new Asian century. But despite the huge ambition …

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Economy

Bill’s plan not what it seems

The Coalition don’t seem too interested in Shorten’s tax plan. Picture: Mick Tsikas / AAP LABOR will go to the next election telling voters they should be comfortable with a government taking half the income of some of the nation’s most valuable workers. It’s doubtful they will. But that’s the …

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Economy

Healthy Harold saved in funding backflip

Discover how Life Education empowers children and young people to make safer and healthier choices through education. Courtesy: YouTube/HealthyHarold Life Education and Healthy Harold have been saved from a near-fatal funding cut. A FUNDING backflip by the government has saved an Australian icon from certain death. News that the face …

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Economy

Australia’s $1 billion mistake

Signs like this one near Alice Springs were erected throughout the Northern Territory once the Intervention came into effect. THE Federal Government’s radical plan to forcibly intervene in Aboriginal communities and impose restrictions on individuals was a billion dollar “political stunt”, a former political head has said. The Northern Territory …

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Economy

US Fed raises interest rates again

WSJ’s Jon Hilsenrath explains why the Federal Reserve’s decision Wednesday to raise short-term interest rates signals a new tightening phase due to the healthy economy. Photo: EAP Federal Reserve Chair Janet Yellen has presided over another rate rise. Picture: AP THE US Federal Reserve has raised its benchmark interest rate …

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Economy

What Westpac’s move on rates means

David Koch explains how choosing the right mortgage can save you lots. Home loan customers paying principal and interest on their loans are getting cheaper deals. AN Australian home loan war is well and truly on after banking giant Westpac was the second of the big four to move its …

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