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The key monthly business survey by National Australia Bank shows confidence remains1 below the level which it hit post-election. Conditions remain weak with employment falling sharply and forward orders remaining down. NAB says it shows the economy is seeing lackluster growth.
The number of new home loans taken out in October rose,boosted by investors2. The Bureau of Statistics figures show the overall number of home loans was up, largely thanks to an 8.6 per cent surge in investment loans.
Australia's biggest energy producer Woodside Petroleum3 has halved4 its outlook for investment. It now plans to spend 1.1 billion US dolllars, down from 2.3 billion this year. Woodside says that's because of delays at its planned joint5 venture in Israel. The company has also lowered its full-year production target slightly.
Investors in Woodside has taken that news in their stride. Shares ended the day half a per cent higher. QBE fell another 10%. Qantas has closed at its lowest level ever. The broader Australian share market started the day on a positive note, but gains did fade throughout the session. By the close, the All Ords was flat.
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1 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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2 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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3 petroleum | |
n.原油,石油 | |
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4 halved | |
v.把…分成两半( halve的过去式和过去分词 );把…减半;对分;平摊 | |
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5 joint | |
adj.联合的,共同的;n.关节,接合处;v.连接,贴合 | |
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