Last October surfboard company BASE abruptly closed its factory on the Gold Coast, with the direct loss of 30 jobs. Since then, nearby D’Arcy Surfboards has announced it is shedding workers and downsizing…
Fears over Greece saw the Australian dollar dip under parity for the first time since December.
AAP
The Australian dollar has touched below parity with the US dollar for the first time since December last year.
This will no doubt disappoint the long line of Australian citizens touring the world, firms…
Australia's mining boom is both a boon and a bane to our economic development.
Australia’s stark comparative advantage in mining is both a boon and a bane to our economic development. Investment in the mining industry as a share of Australia’s GDP has already reached unprecedented…
Can greater use of a sovereign wealth fund help share the revenue from the mining boom for future generations?
AAP
There has been growing debate as to whether Australia should make greater use of Australia’s sovereign wealth fund, the Future Fund, to manage fluctuations in the federal budget balance due to commodity…
The automotive industry is bearing the brunt of a strong Australian dollar.
AAP
Toyota’s announcement yesterday that it will shed 350 jobs at its plant in Altona has been blamed on the strength of the Australian dollar, which some commentators say is having a significant impact on…
Manufacturers may be forced to accept profit margins will continue to narrow.
The Australian dollar has been striking new post-float highs against the US dollar in recent weeks, and according to a number of prominent market economists could reach US$1.10 before the end of this year…
