Business confidence and conditions dived in the June quarter as the European debt crisis and high Australian dollar cancelled out gains from a series of cuts in interest rates. The latest National Australia Bank quarterly business survey shows that business confidence - measuring expectations for business conditions over the next three months - fell deeper into negative territory. It was down 1 point to minus-two, meaning expectations for business conditions are below pre-financial crisis levels. Business conditions - taking in trading conditions, profitability and employment metrics - also slumped for the June ... (full story)