Consumer groups urge Coalition to crack down on dodgy payday lenders

Ongoing delays prompt warning that predatory behaviour continues to force the vulnerable into debt spiralThe Coalition insists it is progressing new laws to crack down on dodgy payday lenders as consumer advocacy groups warn ongoing delays will see mor…

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Australian GDP figures: economic fundamentals are strong says Frydenberg – business live

After data shows the economy growing at its slowest rate since 2009, the treasurer says Australia is ‘resilient’. Follow all the reaction and developments live 6.47am BST For an in-depth examination of the GDP numbers, look no further than this column…

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No surprise, but shocking: there’s no other way to spin Australia’s GDP | Greg Jericho

If you take away government spending, the economy would have shrunk in the June quarter. So much for ‘remarkable resilience’Today the government has been madly attempting to spin the GDP figures as good. So let’s cut straight to the point – the figures…

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RBA interest rate decision: Reserve Bank keeps Australian cash rate on hold – business live

Sales fell 0.1% in July, pointing to weaker GDP numbers tomorrow. Follow here for all the developments after Australian interest rates kept on hold 6.04am BST Back in Australia the judgments on Governor Lowe and his fellow board members are rolling in….

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China’s yuan hits 11-year low as trade tensions grip markets

Investors seek safe havens such as US treasuries and gold as the superpower standoff shows no sign of being resolvedThe Chinese yuan has fallen to its lowest level in 11 years as the US-China trade war continued to grip markets.The yuan sunk below to 7…

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The no-growth future: has Australia’s economy finally run out of luck?

The expectation, based on the past, that we should get richer and richer may have reached its use-by dateWages are stagnant. Wealth is falling. House prices are down. Consumers aren’t spending. Businesses aren’t investing. Interest rates are at record …

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Australia’s ASX200 stock market nudges all-time high as bad news means good news for investors

Shares surge despite weak overall growth in ‘potentially dangerous’ situationA lot has changed since November 2007. Back then, John Howard was still prime minister, you could buy a nice house in Sydney for less than $500,000 and no one had ever heard o…

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