THE NEWS WRAP: Interest rate cut unlikely for December
Tuesday, November 15, 2011/
A new report has cast doubt on the Federal Government’s pledge to return the budget to surplus next year, predicting that Australia could be $32 billion in the red this financial year.
The Westpac analysis shows that the Government will need to find $4 billion in savings just to run a $2 billion deficit in 2012-13.
Rate cut unlikely for December
A further interest rate cut in December looks unlikely, following the release of the Reserve Bank of Australia’s minutes from this month’s rates meeting.
The minutes show that “a case could be made for leaving rates on hold… unless the world economy turned down in a serious way.” The debate over whether to leave rates on hold or not concluded with the decision to lower the rate by 25 basis points.
ABC Learning Centres rebranded
ABC Learning Centres, which went into receivership in 2008, have been rebranded as Goodstart Early Learning.
The not-for-profit Goodstart Early Learning group will rebrand the 650 ABC Learning Centres over the next few months. The centres were founded by entrepreneur Eddie Groves in 1988.
The Dow Jones industrial average rose by 65.17 points, or 0.54%, at 12,144.15. The Australian dollar edged down to 101.93 US cents.
Social media mishaps: Why businesses should think twice before cracking jokes online Catriona Pollard CP Communications founder
An ‘opportunity-hunting’ generation: Here's what millennial workers need and want Karen Gately Corporate Dojo founder
Spilling the beans: Why inviting someone to 'grab a coffee' is disingenuous and unnecessary Sue Parker DARE Group founder
Why success is simple, motivational speakers suck and Eye of The Tiger is dead to me Ian Whitworth Scene Change co-founder
How Emily McWaters manages her Sydney-based business from Kangaroo Island Emily McWaters The Hamper Emporium chief
Why 'Orwellian' performance monitoring is crucial to building an ethical company culture Michael Kodari Kodari Securities chief