Dollars Climb Stalls Amid Blended Economic Indicators
Business Queensland
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Supportive
Stay up to date on the impression of the pandemic recession, as the financial shocks continue to reverberate from the Victorian shutdown and the price of closed borders and social distancing measures. This week’s National Accounts show the financial system growing solidly. But the growth is especially benefiting companies, particularly mining companies, while staff’ wages fall additional behind. A company is hoping to refloat plans to faucet into offshore fuel supplies between Newcastle and Sydney, after the proposal was sunk by former prime minister Scott Morrison. Russian aluminium producer Rusal has filed a lawsuit against international miner Rio Tinto, seeking to win again entry to its 20 per cent share of the alumina produced at a jointly owned refiner in Gladstone.
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