Glenn Stevens

5 results

The Queen Victoria Building in Sydney, a city where the average house price is 882,000 Australian dollars (€586,000). Photograph: Getty Images

Two years ago, anyone looking at an Australian political or business story online was regularly greeted with a banner advertisement about “the comi(...)

The move was partly aimed at offsetting painful price declines for many of Australia’s resource exports which are hurting both company profits and mining investment.

Australia’s central bank has cut its cash rate to an all-time low of 2.25 per cent , breaking an 18-month hiatus on stimulus as it seeks to spur a slu(...)

Sydney Opera House. The jobless rate in Australia fell back to 6.1 per cent, so reversing most of July’s unexpected jump to 6.4 per cent

Australian employment surged by the most on record in August and far beyond the most optimistic forecast, on the face of it a stunningly strong report(...)

An employee walks past a stacker as it loads crushed iron ore at a processing facility in the Solomon mining hub in Western Australia. The mining industry, along with mining-related activities, accounts for almost 20 per cent of Australian GDP, and 10 per cent of employment. Photograph: Sergio Dionisio/Bloomberg

When Tony Abbott swept to power last month, he declared in his victory speech that Australia “is under new management and . . . once more open for bus(...)

Prices in Sydney surged 14 per cent in the 11 months to November 30th to a record A$724,628 (¤487,000). Photograph: Getty Images

Australia’s central bank left its benchmark interest rate unchanged at a record low and said the currency is “still uncomfortably high,” even after a (...)