Slater & Gordon announced a net loss after tax of $958.3 million for the first-six-month period of 2016. The company is attempting to boost growth in UK operations.
Australian Economy
Breaking News
Telstra is backing up external venture capital funds to seek investments in Asia. The company is focusing more on technology investment in Asia as it experiences a drop in the viability of internet services and phone calls.
Australian GDP sank to 0.3 percent in the third quarter, significantly below analysts’ expectation of 0.7 percent, Australian Bureau of Statistics showed on Tuesday. In the second quarter, GDP grew by 0.5 percent. In the fourth quarter, the RBA is expecting the annual growth to ease to 2.5 percent and will probably be around 2.5% to 2.75%.
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