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Mixed News From ALZ, AVJ
Two very different results from the still tough property sector. Australand Property Group saw a fall in profit from operations in the year to December, and reported a bottom line loss after asset...
Australasian Investment Review -
Wednesday February 10, 2010, 8:19 am
Financial stability the challenge: RBA
Ensuring the stability of the financial system, and the role of monetary policy, will be one of the major challenges in this decade and beyond, Australia's central bank officials say.Another...
AAP -
Tuesday February 9, 2010, 6:20 pm
RBA rates rises kept system stable: BIS
Increases to interest rates by the Reserve Bank of Australia (RBA) earlier in this decade helped maintain stability in the financial system, a top Bank for International Settlements (BIS) official...
AAP -
Tuesday February 9, 2010, 4:37 pm
NZ can't catch up with Aussies: Bollard
New Zealand Reserve Bank Governor Alan Bollard doesn't think his country can catch up with Australia and should instead focus on taking advantage of the opportunities it offers.Catching up with...
AAP -
Sunday February 7, 2010, 3:11 pm
RBA revises up inflation, GDP forecasts
The central bank is optimistic about the nation's growth prospects in 2010, but remains concerned about a rise in inflation and will be prepared to lift interest rates further.Economists believe...
AAP -
Friday February 5, 2010, 7:09 pm
Demand for home loans 'dives in January'
Demand for home loans dived in January after three official interest rate increases and the removal of the federal government's generous first homeowners' grant, a mortgage broker says.Loan...
AAP -
Friday February 5, 2010, 6:42 pm
Two more rate rises to go: economist
Despite the central bank's respite on raising interest rates this month, borrowers can still expect two more rate rises in 2010, says an economist.That's the bad news.The good news is the...
AAP -
Friday February 5, 2010, 6:29 pm
Swan welcomes stronger RBA forecasts
Federal Treasurer Wayne Swan has welcomed stronger economic forecasts from the Reserve Bank but warned there is still no room for complacency.The Reserve Bank of Australia (RBA) on Friday modestly...
AAP -
Friday February 5, 2010, 4:20 pm
First home buyers brace for tougher year
First home buyers will find it harder to get a foothold in the residential property market this year as supply dwindles and interest rates begin to bite, analysts say.Interest rates are still...
AAP -
Friday February 5, 2010, 3:54 pm
RBA flags further rate rises
The Reserve Bank expects it will need to impose another three increases in the official interest rate by the end of this year to reduce inflation as the Australian economy strengthens.
The RBA...
ABC Business News -
Friday February 5, 2010, 2:19 pm
Indian growth 'good for Aussie exports'
Australian mineral exporters are likely to continue to benefit as India's economy grows in importance, the Reserve Bank of Australia (RBA) has suggested.The central bank says the Indian economy...
AAP -
Friday February 5, 2010, 11:57 am
Stats: Retail Sales Down, Building Approvals Up In December
Retail sales fell, but building approvals remained strong in December, especially for private houses, a sign the building and home owning boom still has some way to run. Both figures will have no...
Australasian Investment Review -
Friday February 5, 2010, 8:59 am
TCCI upbeat about economy
Tasmania's Chamber of Commerce and Industry believes retail spending in the state remains strong, despite the federal cash stimulus running out and higher interest rates.
The Bureau of Statistics...
ABC Business News -
Friday February 5, 2010, 6:23 am
Retail spending falls on 'uncertainty'
A pull-back in discretionary spending dragged retail sales lower in December as a series of interest rate hikes bit into shopper's budgets and stores heavily discounted prices.Australian...
AAP -
Thursday February 4, 2010, 3:53 pm
RHG ceases court action with UniCredit
RHG Ltd, the home loan provider formerly known as RAMS, has agreed to end court action with UniCredit Bank AG and won't have to make indemnity payments, while also upgrading profit guidance.RHG...
AAP -
Thursday February 4, 2010, 10:26 am
