Glenda Kwek

Glenda Kwek is a business reporter at The Sydney Morning Herald. Email or tweet her with your news tips.

Home loan wars heat up as Westpac cuts

Glenda Kwek Westpac fires the latest salvo in the fixed-rate home loan wars as lenders battle for new borrowers following the RBA's cash rate cut.

Retail

Wesfarmers shares fall short of their Target

Target logo.

Glenda Kwek Wesfarmers shares suffer biggest fall in almost two years after the company sharply lowered Target's earnings forecast.

Currencies

Dollar dives like a 'falling knife'

x

Glenda Kwek What’s been driving the dramatic plunge in the dollar, and why we shouldn't expect a rebound any time soon.

Commodities

Plunging gold sparks sale of mining stocks

Gold bars at the Perth Mint.

Glenda Kwek An overnight fall in the gold price below $US1400 ($1416) an ounce sparked a sell-off of local mining stocks, as commodities slipped on weak global economic data and a strengthening US dollar.

Economy

Australia's lowest jobless rate

UMEMPLOYMENT; AFR SYD; 961107; PHOTO BY VIRGINIA STAR . SAVED IN NEWS; 961108; GENERIC EMPLOYMENT - CES
queue jobless dole,  unemployment benefits , unemployed ***afrphotos.com***

career

Glenda Kwek NSW has some of the lowest jobless rates in Australia, a new breakdown of unemployment data by regions shows.

Comments 11

Shares

Commodities rout hits local miners

A 100-tonne tipper truck is loaded at Atlas Iron's Wodgina mine, about 100 km (62 miles) south of Port Headland in Western Australia June 23, 2010. Australia raised its official forecasts for key commodity exports next year, citing higher demand for iron ore, copper and nickel as more economies outside Asia recover from the global financial crisis     REUTERS/Tim Wimborne    (AUSTRALIA - Tags: BUSINESS)

Glenda Kwek Uncertainty over global growth and over-supply are sending commodities prices down.

More work to do, economists say

Economics

Glenda Kwek Budget a step toward addressing the economy's structural problems, but more can be done.

Economists

Budget 'step in the right direction'

Budget cuts dinkus dink

Glenda Kwek The federal budget will have a benign impact on the economy as most of its cuts will only kick in after a few years, economists say.

Budget 2013: winners and losers

x

Glenda Kwek Did you win or lose in this year's budget?

Currency

$A tipped to stay under pressure

Australian dollar surges.

Glenda Kwek Analysts have begun revising down their outlook for the Australian dollar.

Tide turns for the dollar

Budget cuts and dollar.

Glenda Kwek The dollar is tipped to remain below parity with the US dollar as the greenback continues its comeback.

Comments 107

Currency

Buck-seat driver brings Aussie in to land

Generic cash.

Glenda Kwek If Six Flags Magic Mountain is the ultimate destination for roller-coasters, then the Australian dollar's wild week on currency markets would be a main attraction.

Currency

Making cents of a week of fluctuations

Generic dollars and cents.

Glenda Kwek Investors in the dollar were in for an exciting ride as it was buffeted by different forces.

Jobs figures undercut Reserve's attempt to cool hot dollar

Glenda Kwek Better than expected April jobs figures have undermined the Reserve Bank's efforts to deflate the rising Australian dollar, with signs the economy is experiencing pockets of strong growth.

Economy

Jobs figures undercut Reserve's attempt to cool hot dollar

Generic office workers.

Glenda Kwek Better than expected April jobs figures undermine RBA's efforts to deflate rising dollar.

Jobs

Jobless rate falls in April

job

Lucy Battersby and Glenda Kwek The unemployment rate fell in April with the economy adding more than 50,000 jobs but concerns about the accuracy of the data have been raised.

Interest rates

How low will the RBA go?

Rates

Glenda Kwek The Reserve Bank has cut the cash rate to its lowest in more than 50 years. The question is - will it go further, and cut again in June?

Comments 74

Economy

Reserve cuts to rein in heated dollar

Glenn Stevens.

Glenda Kwek The Reserve Bank has taken decisive steps to take the heat out of the high Australian dollar by cutting the cash rate to its lowest level in more than half a century.

Economy

RBA cuts rates to record low

Glenn Stevens,

Glenda Kwek The Reserve Bank has slashed interest rates by 25 basis points to a historic low of 2.75 per cent, prompting NAB and CommBank to become the first big banks to pass on the full rate cut.

Housing

House price growth soft

Picture by PAUL ROVERE / THE AGE
15 July 2010

Glenda Kwek Australian house prices edged higher in the March quarter but lower than economists' expectations, adding to the bout of soft economic data ahead of the Reserve Bank's interest rate decision today.