The Australian dollar may fall to a record low next year, possibly dipping below 40 US cents for the first time, as slowing growth in emerging markets cools demand for the raw materials exported by the nation. Continue reading
THE daily doom and gloom over the economy is taking its toll on the workplace, with almost 70 per cent of employees admitting they are worried about losing their job because of the global slowdown. Continue reading
AMERICAN Express says it’s slashing 10 per cent of its worldwide workforce and cutting spending to cope with worsening economic conditions. Continue reading
PRIME Minister Kevin Rudd has, for the first time, acknowledged that Australian household budgets will have another two years of battering from the global financial spin-out. And he says there will higher unemployment. Continue reading
One of Australia’s top central bankers says the high level of inflation may limit room for manoeuvre on interest rates, pointing to some caution about cutting rates too aggressively in coming months. Continue reading
Mr Evan Con Drakos, of Adelaide, South Australia, appeared yesterday in the Melbourne Magistratesà Court and was committed to stand trial in the Melbourne County Court following an investigation by ASIC. Continue reading
Borrowers facing job loss can relieve themselves of significant stress if they keep their lenders abreast of their financial situation. Continue reading
Australia will tip into a shallow recession in early 2009 as a slowing global economy reduces demand for our mineral exports, a leading investment bank says. Continue reading
Statutory Demands are designed to create a presumption of insolvency. If the Demand is not satisfied (usually by paying out the debt or being successfully challenged) then, once the prescribed time for compliance has expired, the Demand can be used as a basis to wind up the recipient company and have a liquidator appointed to it. Continue reading
Business conditions plunged in the September quarter, falling to mid-2001 levels as the economy continued to cool. Continue reading
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