Investors described yesterday as the “worst day in two or three years” with more than $35 billion wiped off the Australian stock market - a reaction to the breakdown in talks between Greece, the eurozone and IMF creditors.
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New analysis by Websense has shown financial institutions are under a constant barrage from cyber criminals, with the volume of attacks 3 times more than what is suffered by other industries.
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Although it’s only early days, it appears Australian businesses have responded positively to the stimulus measures in the recent Federal budget with businesses achieving the highest sales growth in three years last month.
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Although the satisfaction level of Australian business banking customers increased in May by 0.2% from April (to 65.8%) it remains significantly below the peak of 69.6% recorded in November 2015, according to the latest Roy Morgan Research findings.
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New research has shown that Australian businesses are paying their invoices at the fastest rate on record in eight years, despite the sluggish growth of the Australian economy reported in the latest ABS figures for the March quarter.
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Economic growth was stronger than expected in the first quarter of the year, as per the results of the Australian Bureau of Statistics. Yesterday’s figures showed a 0.9% rise in seasonally adjusted GDP, which was 0.2% higher than market expectations.
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In a bid to boost small businesses, the recent Budget has unveiled a number of tax measures including a fall in the tax rate of all incorporated small businesses from the current 30% to 28.5% from 1 July 2015.
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If you’re a small business owner, you probably have nothing but praise for last night’s Federal Budget announcement, which introduced the first small business tax cut in 13 years.
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A new report by Master Builders that focuses on the importance of non-mining investment to rebalance the economy like housing and the building industry, has shown that builders across Australia are looking to tomorrow’s Budget announcement to lift business confidence and drive the building industry.
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The Commonwealth Bank declared its unaudited March quarter results, announcing cash earnings of about A$2.2 billion. The results were mostly unchanged compared to the same period in 2014.
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