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06 Feb 12 - Business Economics News

Retailers face staff cuts
As Julia Gillard promised a year-long debate about the economy and named job creation as her government's top priority as parliament resumes today, new figures revealed Christmas retail spending fell 0.1 per cent in December.

Private sector calls for railway linkage, new economic zones
Businesses are preparing five proposals for a meeting with the government later this month, with the focus on water management, rail development and investment promotion with neighbouring countries.

Interest rate cut likely in Australia
Small business owners certainly hope another rate cut is on the cards, following on from the reductions in November and December, as they face the financial ramifications of soft trading conditions.

Indian travel and leisure companies start knocking on thailand's door
More Indian companies are set to open shop in Thailand to explore business opportunities here and across the Asean region in the wake of the wide-ranging economic, cultural and educational agreements signed between the two countries last month.

Poor retail results spark rate cut call
ACCI director of industry policy and economics Greg Evans. Picture: Kym Smith Source: News Limited BUSINESS leaders are urging the Reserve Bank to cut interest rates today, following a poor retail trade result over the Christmas period.

Steely resolve
Satien aims to expand its business in China at least at the same pace as Central Group's expansion of department stores on the mainland.

Economy thrives on older staff
A new book released at the World Economic Forum in Davos calls for a rethink of business practices to ensure older workers' knowledge and experience is optimised rather than assuming a young workforce is more productive.

One dollar flights gone, but business travellers have it good
But fares are all over the place, at least in the domestic flying business. Fairly rudimentary data compiled by the Bureau of Infrastructure, Transport and Regional Economics shows “best discount” fares are higher that they have been for eight months, ...

Interest rate reduction tipped but Katter calls for steeper cuts
Its own survey of nearly 3000 businesses shows confidence at the lowest ebb since just after the peak of the global financial crisis in early 2009.

Surveys show business confidence is lacking
Two surveys show business confidence remains firmly in negative territory, largely due to cautiousness over the economic outlook. By Donia O'Loughlin | Published 11:04 | comments The first quarter 2012 ICAEW/Grant Thornton Business confidence monitor ...

Manufacturing, retail in doldrums, NAB survey shows
Actual business conditions remained stable over the month, and suggested expanding economic activity, according to National Australia Bank's (NAB) closely watched survey of Australian businesses. "Business sentiment over recent months has been ...

Healthy foreign fund flows keep asian markets humming
As well, sentiment was buoyed by good January economic figures for the US, China and Germany, and the likelihood of record-low US interest rates for another two years.

Retail sales fall 0.1%, Job ads hit two-year high: Midday Roundup
The figure provides more backing for the argument the RBA will cut rates tomorrow in order to stimulate the economy. The seasonally adjusted estimate fell 0.1% in December, after a rise of 0.1% in November.

Europe turns up the pressure on Greece over debt plan
European leaders pressed Greece on Monday to quickly resolve deadlocked talks over a new international bailout and are threatening to let the country default if it does not agree to new economic reforms. In recent weeks, negotiators have been ...

Uncertainty caps factory output, PMI shows
"Respondents cited ongoing global economic uncertainty and strong overseas competition as factors inhibiting growth in January," said Ms Ridout, who joined the board of the Reserve Bank of Australia in December 2011.

US jobless rate falls to 8.3% | Bangkok Post: business
The economy added 243000 net jobs last month, the Labor Department reported, much better than the average analyst forecast of 155000.

Karnataka Renewable Energy receives plans to set up 350 MW of solar projects
However, as Business Line had reported recently, despite this, several developers were willing to set up projects under the REC scheme as they see good economics in generating solar power even if the RPOs were to be scrapped after 2017.

Australian Q4 CPI unchanged, increasing expectations of rate cut
Economists had expected CPI, the key measure of inflation used by the Reserve Bank of Australia (RBA), to rise 0.2 per cent from the previous quarter and rise 3.3 per cent from a year earlier.

Bloomberg Brief Launches Daily Asia Economics Newsletter
“Bloomberg Brief uniquely combines essential news and analytics with industry-specific commentary from business leaders, economists, strategists, policy makers and researchers.” The daily Economics Asia newsletter compiles news, data and in-depth ...

Business Economists Are More Optimistic About Growth
In releasing the latest Industry Survey, the National Association for Business Economics (NABE) noted recent improvements in US growth.