Wed 22 May 2013 | 
Ricardo's Business
Why rates won't rise next week
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Enlarge textRICARDO'S BUSINESS: The impact of the Queensland floods on Australia's economy seems to have been underestimated, with Australia's current account deficit widening more than expected.
A man stops outside the Commonwealth Bank in Sydney's CBD. (AAP)
topRICARDO'S BUSINESS: Adding weight to the possibility of an interest rate reprieve next month, new ABS figures show profits unexpectedly fell in the March Quarter, as the impact of the Queensland floods eroded company earnings.
Floods devastated banana and other crops in north Queensland. (File AAP)
Protecting your details
There's been another breach of personal details, this time the banks have been affected.
The Commonwealth's response shows how effectively banks can deal with breaches. (File AAP)
Capital investment data implications
Private capital expenditure for the March quarter came in stronger than expected. But going forward, businesses have pushed back their investment intentions.
Amazon Music in the US sold Lady Gaga's new album for US$0.99 for one day only. But even its ongoing price is below that of iTunes.
Wine sales and interest rates
Wine sales in Australia have suffered their biggest slump in 21
years -- another sign consumers are pulling back.
There have been more sackings of employees who are caught planking at
the workplace.
Strong Aussie dollar sparks profit warning
The strong Aussie dollar is feeding concerns that we'll see further profit warnings from Australian companies as we head into reporting season.
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About this Blog
SBS Presenter Ricardo Goncalves with the latest in finance. Follow @BUSINESSRicardo
Ricardo Goncalves Ricardo Goncalves is a Presenter / Reporter for SBS World News Australia
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