Sky News Business Editor Ross Greenwood says the annual economic growth rate through to the March quarter was 2.3 per cent.
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The ASX 200 finished the day up on MondaySky News Business Reporter Edward Boyd says the ASX 200 finished the day up on Monday.
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ASX 200 finishes the day down on TuesdaySky News Business Reporter Edward Boyd says the ASX 200 finished the day down on Tuesday.
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IR reforms lead to pressures on small businesses which ‘can’t be ignored’Australian Chamber of Commerce and Industry CEO Andrew McKellar says industrial relations reforms for same job, same pay are leading to many pressures on small businesses and “can’t be ignored”. “There are a lot of pressures on business and particularly small business at the moment, those things can’t be ignored, we need to have a discussion about that, we need to understand what those impacts are … it’s right for business to be raising those issues at this point in time,” Mr McKellar told Sky News Australia.
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RBA has raised cash rate for 12 of last 13 meetings as economists fear recessionSky News Business reporter Edward Boyd says RBA Governor Philip Lowe has “made it clear” Australia’s cash rate will continue to rise despite already lifting four per cent in just over one year. “So, at 12 meetings out of 13 meetings the Reserve Bank has held, they have raised the cash rate,” Mr Boyd told Sky News Australia. “There are quite a few economists now who think we are heading towards a recession.” RBA Governor Philip Lowe will front the press at a banking conference in Sydney on Wednesday.
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Westpac is first to pass on RBA’s rate riseSky News Business Editor Ross Greenwood says Westpac is the first to pass on the RBA’s recent rate rise to 4.10 per cent.
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Thousands march in Polish anti-government protests in WarsawAlmost half a million protesters marched through Warsaw in fear their country is moving away from democracy.
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