Business

Housing supply challenges recovery

A GREATER share of the economy needs to be devoted to housing to deal with a population boom, otherwise property prices and rents will rise, the RBA says.

Africa a new frontier for oil

EAST Africa has become a promising new frontier for oil exploration and major multinationals are jostling for the rights to search for black gold.

Australia's youth bore brunt of crisis

AUSTRALIA'S youth bore the brunt of the financial crisis, while older workers experienced relative increases in salaries and job stability, a new survey shows.

Lawsuits could cost Toyota over $US3b

TOYOTA owners claiming that massive safety recalls are causing the value of their vehicles to plummet have filed at least 89 lawsuits against the auto giant.

SMEs most optimistic on profits

OPTIMISM among small and medium size firms about future profits is at its highest level since before the global financial crisis, a survey finds.

How to lead in the recovery

THE business landscape has changed. As the recovery kicks in, many companies are ramping up sales and marketing and putting on staff.

Triple whammy hits new home buyers

MANY new home buyers have given up the dream of home ownership, hit by rising interest rates, tougher loan conditions and cuts to a generous government grant.

Business confidence high: NAB

COMPANIES were caught unprepared for a surge in business confidence and conditions in February, which hit a three-month high.

Job ads surge 20 per cent in February

THE number of job ads placed in newspapers and on the internet surged by almost 20 per cent in February, reversing a fall of eight per cent in January.

DJs announces new director

DEPARTMENT store David Jones Ltd has appointed Philippa Stone as a non-executive director, effective on Tuesday.