Daily FNArena News - Australia

The RBA decided there was scope for a modest adjusment only to the cash rate. Either that or there was dissent at the meeting.

The RBA today cut its cash rate by 25 points, splitting economist forecasts.

Australian job ads fell further in March and according to ANZ Banking Group the declines are consistent with unemployment moving above 8% in 2010.

The TD Securities-Melbourne Institute Monthly Inflation Gauge for March fell slightly and this suggests an easing in inflationary pressures, so clearing the way for the RBA to resume cutting rates.

The March measure of the Performance of Services Index rose slightly but remains well below the divide between contraction and expansion, leading Commonwealth Bank to suggest further rate cuts are coming.

It’s the deal you have when you’re not having a deal, and it’s a cracker.

Australian retail sales for February were weaker than expected and soft non-residential construction numbers add to the case for not only more rate cuts but additional fiscal stimulus.

News a competitor offering plastic pallets is winning market share is putting pressure on the Brambles share price but not all brokers view this as justified.

An Australian company has an ingenious and highly valuable solution to the global problem of carbon sequestration.

The Australian economy has weakened along with the rest of the world but the slowdown has been far milder, with Commonwealth Bank suggesting flexibility in many areas is the reason.