News Source: The Age
| about 1 month ago
Chairman David Mortimer told shareholders on Thursday that core operating businesses remained strong. "The core operating businesses remain strong and the group has generated a profit after tax (unaudited) of $131 million, an increase of 25 per cent...
News Source: The Australian
| about 1 month ago
The Reserve Bank is trying to end the party slowly, says Andrew Main. THE Reserve Bank has presented a much more confident view of the economic recovery than the government to justify its latest interest rate rise, increasing political pressure on...
News Source: The Courier-Mail
| about 1 month ago
Christmas after shoppers tightened their purse strings in September and retail spending dipped. Sales fell by a worse-than-expected seasonally-adjusted 0.2 per cent to $19.7 billion in September compared to August. Economists had forecast a 0.5 per...
News Source: The Age
| about 1 month ago
Sydney Futures Exchange, the December share price index contract was 49 points higher at 4,570. In economic news on Thursday, The Reserve bank of Australia (RBA) governor Glenn Stevens addresses the Melbourne Institute 2009 Economic & Social Outlook...
News Source: Sydney Morning Herald
| about 1 month ago
At 7am, the Australian dollar was trading at 91.38 US cents, up from yesterday's close of 90.14 US cents. It was also buying 82.95 yen, 61.34 euro cents and 55.09 pence. During the offshore session, the unit traded between 90.5 and 91.4 US cents.
News Source: Epoch Times
| about 1 month ago
The major banks were a bit too quick off the mark raising their lending rates for the prime minister's liking. The ANZ Bank raised its variable mortgage rate within minutes of the Reserve Bank of Australia's (RBA) decision to raise the cash rate by a...