Tag: rba

As Australian companies move into the new financial year, business information analysts at IBISWorld reveal the industries set to flourish and those set to flounder over the next 12 months.

In the latest edition of Talking Business, Leon and Garry have a natter about Federal Opposition Leader Tony Abbott’s push to turn the prospective carbon price into an election issue. According to the chaps: “The horse trading’s begun already.”

Commonwealth Bank raises its mortgage rate on top of the RBA’s interest rate hike. Meanwhile the inflation index for Australia is picking up. And Joe Hockey appears to be on a winner with his plans to control the banks: he and the Government are now in a game of one upmanship to bring the banks into line. Leon and Garry discuss all these headlines and more in this news podcast.

Not even a sore throat can keep Garry away from the news desk this week. He and Leon discuss the near-certain likelihood of an interest rate rise before the Melbourne Cup, as well as James Packer's surprise sharemarket raid on the Ten Network and its consequences, plus all the latest business news in this episode of Talking Business.

In this podcast, Garry and Leon look at the Reserve Bank’s decision to keep interest rates on hold – for now. But the big four banks will give the RBA until next month to raise rates, or they say they will go it alone. In other news, the Department of Finance looks at $2.4 billion in cuts to pay for the pledges it made during its negotiations with the Independents, and the Housing Industry Association predicts a steep fall in housing starts as the federal stimulus measures fade.

Talking Business is a podcast review of the Australian economy, presented by seasoned business journalists Leon Gettler and Garry Barker, produced in association with the RMIT College of Business. It features interviews with prominent business leaders and expert analysis from RMIT academics. Download this podcast to hear RMIT economist Jonathan Boymal talk about the reduction in building approvals caused by interest rate rises, and job vacancy figures showing a tighter labour market.

Leon and Garry talk about how Australians should be bracing themselves for more interest rate rises, possibly four, as the RBA manages the largest minerals boom since the 19th century. Meanwhile, the Aussie dollar soars to a two-year high, and while Australia’s commodity forecaster predicts a jump in commodity exports, consumers continue to tighten their belts.

Garry and Leon talk about the new Labor government just scraping back into office. Download the podcast to find out how it will affect the outcomes of Australia’s credit rating, the mining tax, the NBN and more, plus all the latest in business news.

RMIT economist Sinclair Davidson talks about the employment figures and Australia’s current account surplus. While it’s good news on the surface, it signals interest rate rises which he predicts will come in August, coinciding with the federal election. He also predicts that banks will raise their rates even higher than the RBA rate.

Leon and Garry talk about the Australian share market and its worst May performance in 26 years, driven largely by the panic in Europe. This may explain why the RBA has kept interest rates on hold. However, the respite might be short lived with Australian exports surging by the most in three decades and inflation gathering pace. Australian GDP grew by 0.5% for the first three months, driven largely by Government spending.

According to the latest trade payments analysis by Dun & Bradstreet (D&B), the payment terms of Australian firms have risen for the third consecutive quarter.

According to the latest trade payments analysis by Dun & Bradstreet (D&B), the payment terms of Australian firms have risen for the third consecutive quarter.

Internet junkies are shedding their umbilical cables and roaming the streets. The nation is going wireless, heralding a revolution more profound than the birth...