Australia

Australian Shares Buffett Would Buy – The Bufferoo Portfolio

Australia’s market has a small club of shares Warren Buffett might buy, analysts at Credit Suisse said in the wake of the storied investor’s maiden acquisition Down Under.  “Berkshire’s fantastic track-record of investing in the U.S. reveals a focus on large, quality companies at a reasonable price,” Credit Suisse said in a note last week, …

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Australian Trade Balance in Deficit in May

Australia’s trade deficit shrank in May as the weaker Australian dollar boosted demand for exports and capped imports.  The deficit came in at A$2.75bn from a revised A$4.14bn in April. Economists had forecast a deficit of A$2.23bn. What’s notable about the April deficit is that the original estimate of A$3.89bn was a record in nominal …

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Tougher Home Lending Restrictions Urged to Help RBA

Australia needs tougher measures to rein in booming property prices and give the central bank maximum flexibility on interest-rate settings, Pacific Investment Management Co. said. “Households are exhibiting irrational exuberance,” Pimco’s Aaditya Thakur and Laura Ryan said in a research report in Sydney. “They are placing little weight on broader fundamentals like unemployment that may …

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RBA Minutes: RBA to Keep Close Eye in Coming Months

The Reserve Bank will keep a close watch on the economy in the coming months to assess whether more interest rate cuts are needed, as economic growth and business investment remains sluggish.  The RBA cut the cash rate to a historic low of two per cent in May, before leaving rates on hold at its …

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