Wage growth remains at record lows
Wage growth remains at record lows Posted February 22, 2017 15:30:14 Australian workers continue to face record low wage rises, with the downturn in the mining sector driving the weak outcomes.The Bureau of Statistics Wage Price Index rose 1.9 per cent over the past year and by 0.5 per cent over the December quarter, on a seasonally adjusted basis.That is the same annual rate as over the September quarter and in line with economist forecasts.Wage rises have been most ..>> view originalCoca-Cola Amatil feels heat as shoppers eye cheaper rivals
RBA's Philip Lowe says household debt levels to halt rate cuts
Bill Shorten sticks to his guns on green energy targets
Fairfax Media confirms Domain spin-off, reports 6 per cent growth in half-year profits
Fairfax Media investors sent the media company's share price to a six-month high after it confirmed it would float online real estate site Domain as a separate business on the stock market and hinted its streaming video and car classified businesses could eventually follow.Fairfax plans to retain up to 70 per cent ownership thus benefiting from Domain's anticipated increase in value and any dividends. Analysts estimate Domain could be worth as much as $3 billion in coming years. Fairfax M..>> view originalVictorian cities faced power cuts to ensure NSW made it through big heatwave
As NSW suffered through its record-breaking heatwave this month, with power supplies stretched to breaking point, the head of Australia's main electricity grid faced a choice: keep the airconditioning running in Sydney, or keep the lights on in Victoria.Tony Marxsen, chairman of the Australian Energy Market Operator (AEMO), picked up the phone to the Victorian government on the afternoon of Friday February 10 to warn that people in western Victoria might have to endure blackouts to ensure a key..>> view originalNew Brisbane cruise ship terminal on cards
Fortescue Metals founder Andrew Forrest's luck turns again as iron ore price jumps
Fortescue Metals founder Andrew Forrest's luck turns again as iron ore price jumps Posted February 22, 2017 22:29:38 The surge in iron ore prices has once again boosted the fortunes of Fortescue Metals (FMG) and its billionaire founder Andrew Forrest.The world's fourth biggest iron ore miner says half-year profit jumped nearly 300 per cent to $US1.2 billion for the first half of 2017.Investors will get a big rise in the interim dividend from $0.03 a share from the sam..>> view originalBlackmores takes sales hit in China
Woolworths beats Coles in same-stores sales
Friday, March 10, 2017
Wage growth remains at record lows and other top stories.
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