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US Jobs News Bad
Unemployment in the US and Europe continue to rise to levels not seen for a decade or more. The US Labor Department reported that June unemployed jumped by 467,000, far more than the 325,000-...
Australasian Investment Review -
Friday July 3, 2009, 8:51 am
Aussie dollar stalls on recovery doubts; bonds firm
* Aussie retreats as mixed economic data dampens risk
demand
* RBA seen holding rates at 3 percent on July 7
SYDNEY, July 1 (Reuters) - The Australian dollar retreated
from intra-day highs on...
Reuters Finance News, Australia -
Wednesday July 1, 2009, 5:09 pm
Cash is king but card use growing: RBA
Australian remains a cash-based society but the use of plastic credit and debit cards is growing as consumers seek more convenient payment methods and loyalty or reward program benefits, new central...
AAP -
Wednesday July 1, 2009, 4:32 pm
Aussie dlr steady as RBA seen on hold on mixed data
______________AUSTRALIAN CREDIT/FOREX
SNAPSHOT__________________ FOREIGN EXCHANGE AT 0200 GMT
(against previous Sydney close) AUD= 0.8050/55
(0.8136/41) AUDNZD=R1.2471/89(1.2432/43) AUDJPY=R 77.87/93...
Reuters Finance News, Australia -
Wednesday July 1, 2009, 12:44 pm
Aussie dlr takes a pause, awaits retail sales data
SYDNEY, July 1 (Reuters) - The Australian dollar slipped
from two-week highs on Wednesday, taking a breather from its
best quarterly performance in more than two decades, while
awaiting key data...
Reuters Finance News, Australia -
Wednesday July 1, 2009, 9:51 am
David Jones' Sharp Upgrade
Despite the surge in profits at our major retailers, private credit dropped 0.1% in May. David Jones joined Myer and JB Hi-Fi in reporting much better than expected profit rises in the current half...
Australasian Investment Review -
Wednesday July 1, 2009, 8:25 am
Eurozone rates on hold: analysts
FRANKFURT (AFP) - While markets absorb last week's record eurozone loan offer, interest rates will stay at an all-time low when European Central Bank governors meet on Thursday in Luxembourg,...
AFP Finance News -
Sunday June 28, 2009, 1:57 pm
Economic growth may surpass forecasts: Henry
Treasury Secretary Ken Henry says lower interest rates and the Government's cash handouts may push economic growth above Budget forecasts.
The Treasury forecast zero growth for the current...
ABC Business News -
Friday June 26, 2009, 9:28 am
Home loan lender found for Canberra renters
The ACT Government has found a lender for a scheme which allows people on low incomes to take out a home loan while renting the land from the Government.
The land rent scheme was first announced...
ABC Business News -
Tuesday June 23, 2009, 5:14 pm
AFP probe banknote firm 'kickback' claims
Federal police are to examine claims that agents for a company partly-owned by the Reserve Bank may have paid "kickbacks" to overseas government officials.
Securency International makes...
ABC Business News -
Monday June 22, 2009, 2:17 pm
Banks have protected profit margins: RBA
Australia's banks have protected their margins by not passing on all of the last round of cuts to official interest rates, especially to business customers, central bank research shows.The...
AAP -
Thursday June 18, 2009, 7:40 pm
Rams Homes Loans to lift rates
Specialist mortgage provider Rams Home Loans says it will raise interest rates on some of its fixed home loans on Friday but has no plans to change its variable rates.Rams said on Thursday its...
AAP -
Thursday June 18, 2009, 6:32 pm
Banks raking it in amid financial crisis
A Reserve Bank report into banks' interest margins has found that they have grown during the global financial crisis.
Australian banks increased their interest margin (the gap between the rate...
ABC Business News -
Thursday June 18, 2009, 4:48 pm
St George raises home loan rates
St George Bank has raised interest rates on fixed home loans as most its rivals completed a second round of rate hikes.Westpac-owned St George raised the interest rates on its three, four and five...
AAP -
Thursday June 18, 2009, 1:06 pm
Retail bank pressure may force rate cut
The Reserve Bank of Australia could be forced to cut the official cash rate again if retail banks continue to face pressures from rising funding costs, economists say.The Reserve released the minutes...
AAP -
Tuesday June 16, 2009, 7:41 pm
