While Australia may have bypassed the worst of the global financial crisis, business is still coming to terms with the organisational changes that were made to adapt to the shifting economy. A survey of almost 3,000 business leaders, managers, and non-managerial employees from Lead Management Australasia found that 63 per cent are feeling more pressure […]
Mortgage owners can breathe a sigh of relief as the Reserve Bank appears unlikely to further raise interest rates above 4.5 per cent in June.
Ford Australia is hoping a $19 million profit after three years of losses will save the company from closing its Geelong, Victoria manufacturing plant.
The International Monetary Fund has released its bi-annual World Economic Outlook report with the dire summary that the world will undergo a deep recession that will affect every country. The report also predicted that “the current recession is likely to be unusually long and severe and the recovery sluggish”. Analysis included: Recessions brought on by […]
“Avoiding recession will be difficult,” says Assistant Treasurer Chris Bowen. A recession is two consecutive quarters of negative growth; Australia’s first occurred in the last quarter of 2008 and this quarter is set to follow suit, he believes. “We haven’t gone there but… we are seeing, a slowdown,” Bowen admitted. “We have said all along […]
The latest Dun and Bradstreet Business Expectations Survey has revealed that the economy will continue to slide into recession, with the worst yet to come. Expectations for the June 09 quarter are less than promising, with 57 percent of businesses anticipating declining sales and 65 percent expecting declining profits. The sliding Aussie dollar has also […]
With some $200 billion wiped off superannuation books in the last 12 months, an average of $20,000 per working individual, the industry needs to bounce back from the financial crisis and shareholder empowerment is the key, says Colin Melvin, one of Britain’s leading pension experts. “As a result of this global crisis, pension funds are […]
Analysis of Symantec‘s February intelligence report highlights that although spam dropped by 1.3 percent, levels rose dramatically when spammers tried to cash in on Valentine’s Day and the financial crisis. “February saw the spammers pulling at both the heart and the purse strings with the emphasis on Valentine’s Day and the global recession,” said senior […]
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