The Gillard government’s treasurer, Wayne Swan, has indicated in the Mid-Year Economic and Fiscal Outlook (MYEFO) that there will be a 20 per cent cut in capital expenditure for government agencies with IT projects worth less than $10 million under the knife.
Australia's current account deficit grew by $2.35 billion in the March quarter, partly due to the impact of the recent flooding on exports, ABS data shows
Treasurer Wayne Swan has stepped in to block the purchase of ASX Limited (ASX:ASX) by Singapore Exchange, citing the potential of losing regulatory control over the market
Treasurer Wayne Swan thinks the proposed acquisition of ASX Limited (ASX:ASX) by Singapore Exchange Limited could be against the national interest, and has relayed that he may reject the deal
The ASX board is still convinced of the logic of merging with the Singapore exchange, despite opposition to the agreement