Shraysi Tandon Shraysi Tandon


Gillard Says Budget Gives RBA Maximum Room on Rates

Australian Prime Minister Julia Gillard said returning the budget to a surplus gives the central bank “maximum room” to adjust interest rates and ease pressure on manufacturers that have been hobbled by currency gains.

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Treasury Admits GDP Used Inappropriately

A senior Treasury official has admitted that his department has been guilty of overusing gross domestic product (GDP), after recognizing that it is a flawed measure of economic well-being and social progress.

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ANZ Posts Weakest Profit Growth in 2 ½ Years

May 3 (Bloomberg) — Australia & New Zealand Banking Group Ltd, the worst performer among Australia’s four largest banking stocks this year, posted the smallest half-yearly profit increase in 2 ½ years as lending profitability slipped.

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BHP Boss Calls For Price On Carbon

International mining giant BHP Billiton has urged the Federal government to manage environmental challenges by establishing a clear price signal on carbon as it reviews its emissions trading scheme (ETS).

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Apple Co-Founder Steve Wozniak Would Buy Facebook Any Price

May 14 (Bloomberg) — Apple Inc. co-founder Steve Wozniak said investors looking to make money should buy Facebook Inc. shares when the social networking site sells stock in what may be a record initial public offering for an Internet business.

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RBA Boss Defends Monetary Policy

The Reserve Bank governor has issued a staunch defense of monetary policy in the face of Australia’s two-speed economy. There is some concern that lifting rates to cool the effect of the mining boom on the economy hurts non-mining parts of the country.

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Reporter/Anchor at CCTV America. Covering business and financial news from New York for CCTV's 1 billion viewers globally.