Australia&#39;s Costello Says Surplus Will Help on Interest Rates
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Australia&#39;s Treasurer Peter Costello said his forecast in May for aA$2.4 billion ($1.7 billion) budget surplus will help keep interest rates from rising.
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JOHN Howard&#39;s plea for voters to trust him with the economy is paying early dividends, an exclusive Herald Sun poll shows. The Coalition has moved ahead of Labor by 52 per cent to 48 per cent as the Prime Minister&#39;s interest rates campaign takes hold.
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SYDNEY: The Commonwealth Bank of Australia said it expects increased earnings in the current financial year even though home lending had eased and margins are being squeezed in an increasingly competitive financial sector.
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The Reserve Bank of Australia&#39;s board meets today and will probably keep interest rates unchanged ahead of an election next month as retail sales and house prices fall.
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Australia's conservative government turned to wild pigs and pensions on Tuesday to woo support, as a poll showed it slipping further behind the Labor opposition ahead of a November election.
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The Reserve Bank of Australia warned domestic inflation remained a concern even after it lifted interest rates this week and said global rates were &quot;normalising&quot; after being unusually low.
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The Australian government has defended its big-spending election promises as opponents and some economists claimed its new commitments would push up the very interest rates it is promising to hold back.
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Australia&#39;s equity market and currency may rise following the Liberal-National coalition&#39;s election to a fourth term in office after pledging to extend 13 years of economic growth and keep interest rates low.
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PRIME Minister John Howard hopes the Australian dollar does not keep on rising because it would make us less competitive. Mr Howard said although he wouldn&#39;t say Australia was heading for tough times, there
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WASHINGTON : The International Monetary Fund commended Australia&#39;s economic management and said the country&#39;s 13-year expansion is likely to continue with 3.75 percent growth in 2004.
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MARK COLVIN: The Prime Minister, John Howard, is under pressure this afternoon to explain his claims that interest rates would be higher under a Labor government.
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Australia's central bank said the country's financial system is sound and ongoing economic growth has created a favourable outlook for financial stability.
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Actions by Australia's central bank hint that the recent credit crunch problems could be easing.
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Australia, one of the best-performing  advanced economies, faced looming economic turbulence from the  subprime lending meltdown in the United States, Prime Minister  John Howard warned on Sunday.
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Australia, one of the best-performing advanced economies, faced looming economic turbulence from the subprime lending meltdown in the United States, Prime Minister John Howard warned on Sunday.
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The Federal Government says they are considering more tax cuts for lower and middle-income Canadians. Fending off attacks over the 9.1 billion dollar budget surplus, Finance Minister Ralph Goodale said he
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Prime Minister Paul Martin says Canadians won&#39;t get a tax cut until he makes good on his election promises, even if the feds are swimming in a whopping $8.9-billion surplus this year.