Daily FNArena News - Australia

In cutting by 75 basis points today the RBA noted the sharp fall in the Aussie dollar may mean inflation takes longer than otherwise to ease.

The Reserve bank delivered a greater than expected rate cut this afternoon.

Caltex says that current year earnings will be hurt by the rapid fall in the Australian dollar, but a weaker currency is a longer-term positive.

Australian house prices fell in the September quarter but Westpac notes conditions are becoming more supportive so 2009 may be less challenging.

Maybe Australia’s not in the same bad shape as other economies, but falling job ads are just more evidence that we’re far from immune.

The TD Securities Melbourne Institute Monthly Inflation Gauge fell in October for the first time since February of 2006, suggesting Australia’s inflation pressures are now easing.

Why might Australian Pharmaceutical rejoice in the Lipstick Indicator, and what might this have to do with Downer EDI?

AGL Energy has sold its PNG assets and the implied valuation suggests significant upside for Oil Search’s PNG LNG holdings.

RBA deputy governor Ric Battellino thinks only a slowdown, not a recession, is likely in Australia.

A solid trading update and achievable growth has brokers liking this stock in the current tough environment.