Australian labour price index gained 0.9% in Q4 of 2011

Note: This section contains information in English only.
Source: Forexfactory
Australian public wage price index advanced by 0.7% in the last quarter of 2011, indicating slightly slower growth pace than in private sector. All sectors indexed increased by 0.9%. Referring to yearly moves, public sector wage price index added 3.2% while private sector rose by 3.7% in the quarter ended in December, 2011.


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Wed, 22 Feb 2012 09:09:35 GMT

Crude oil sinks on fresh Greece worries

Crude oil futures decreased amid escalated concerns over the Greek bailout as experts claim 130 billion Euros will not be enough to rescue the country. Moreover, expected increase in the US crude oil stockpiles added pressure to the energy commodity price. Light, sweet crude oil contract for April delivery traded at 105.88 US Dollars per barrel, on the New York

Wed, 22 Feb 2012 10:39:48 GMT

Kevin Rudd resigns to run for a Australia premier elections

Kevin Rudd quitted as Australia's foreign minister in order to candidate in premier elections and challenge current PM Julia Gillard. The country's first female PM is struggling to get support from Labour party as her ratings fluctuates near record low. Rudd is well known for his autocratic way of leading. 

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