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Australians are struggling to put money aside, while households are feeling less comfortable after having spent their carbon tax compensation allowances, a survey has found.
The S&P 500 punched to a new five-year high on Friday and the Nasdaq to its best since 2000, as stocks regained footing helped by a sharply narrowed US trade deficit.
The Australian dollar fell to its lowest level in more than three months after the central bank indicated the door is open for more interest rate cuts.
Shares in Africa-focused iron ore hopeful Sundance Resources plunged almost 12 per cent after it revealed yet another delay in the drawn out takeover by its Chinese suitor.
The Australian share market finished stronger near a 22-month high, as investors reacted positively to economic data from China indicating a rebound in activity.
The Reserve Bank of Australia has poured cold water on hopes banks will go it alone in 2013 and reduce lending rates without further official rate cuts.
The federal opposition says Treasurer Wayne Swan has been stalling for time by not releasing the revenue amounts raised by the government's mining tax.
US stocks rebounded from early sharp losses but finished down Thursday amid some earnings disappointments while Apple jumped after it said it was reviewing ways to return some of its $137 billion c
Prime Minister Julia Gillard is pressuring the coalition over its superannuation plans, even though Labor has declined to guarantee it won't change the treatment of retirement savings.
Western Australia's Labor party is "ashamed" of its own name because of the record of Prime Minister Julia Gillard and her federal colleagues, Premier Colin Barnett claims.
The future of News Corp's Australian newspapers looks more uncertain as the company partly blamed them for an earnings downgrade and said how excited it was to be spinning them off.
Western Australia sealed a good deal with James Packer despite the billionaire being granted a $35 million discount on land on which he plans to build a six-star, 500-room hotel, Premier
Premier Colin Barnett says he would be horrified if it was proven the state's professional sporting clubs were caught up in doping and links to organised crime.
Opposition Leader Tony Abbott is backing away from a draft coalition discussion paper proposing incentives and beneficial tax rates to encourage people to move to northern Australia.
Leighton Holdings subsidiary John Holland has won a $186 million contract extension for work on an iron ore port being built for Rio Tinto in the state's north.
The competition watchdog has flagged that it has some concerns about Virgin Australia's $35 million plan to buy a major stake in budget airline Tiger Airways.