News
News Archive
2008
2007
Australian dollar opens higher
31 January 2008The Australian dollar opened stronger again today after the U.S Federal Reserve cut interest rates for a second time in nine days... read full story
U.S cuts interest rates
31 January 2008The U.S Federal Reserve has cut interest rates again in an attempt to keep the economy from falling into a recession. .. read full story
Interest rates and inflation to continue to rise
30 January 2008National Australia Bank's (NAB) chief economist Alan Oster says the Reserve Bank of Australia will lift official interest rates and inflation will keep rising in the latest business survey released by Australia's biggest bank... read full story
ANZ to launch Mobile Banking
29 January 2008The ANZ is about to launch mobile banking giving millions of Australian's 24 hour access to their bank account from anywhere in the world... read full story
Australian dollar stronger
29 January 2008The Australian dollar (AUD) opened stronger today after the U.S dollar (USD) came under pressure from poor new homes sales data released in the U.S for the month of December... read full story
Rogue trader free
29 January 2008Jerome Kerviel the 'rogue' French trader at the centre of an $8 billion loss by French bank Societe Generale has been released from custody without charges being laid against him... read full story
Australian dollar opens higher
24 January 2008The Australian dollar opened stronger today but remained under USD$0.8700 mark. .. read full story
Shares up in morning trade
24 January 2008A Wall Street recovery late in the day has seen Australian shares gain ground in morning trade... read full story
Packer and Murdoch bid for CMH
22 January 2008James Packer and Lachlan Murdoch have launched a joint $3.3 billion bid for the Packer backed publishing company Consolidated Media Holdings (CMH) which was only listed on the Australian Stock exchange on December 1... read full story
Bank of China latest to be hit by Sub-prime losses
21 January 2008The South China Morning Post reports that the Bank Of China could be posting red figures in its balance sheet after bank sources confirmed the significant write down of US sub-prime mortgage investments... read full story
Australian banks slow to pay interest but quick to hike rates
18 January 2008Australian Banks are always keen to put the interest rate up on home loans, sometimes, like the last interest rate rise for example, before any official interest rate rise by the Reserve Bank of Australia... read full story
US stocks take another hit
18 January 2008U.S stocks took another hit overnight after news of a $16 billion loss by brokerage firm Merrill Lynch. The benchmark S&P 500 plummeted to a 15-month low with Merrill Lynch shares falling to $49.45 a loss of 10.2 percent... read full story
Consumers taking out fixed home loans
17 January 2008Figures released by the Bureau of Statistics revealed that one in four new home borrowers took out a fixed interest home loan in November... read full story
ATM fees on the rise
16 January 2008From next month, ANZ bank and Commonwealth Bank customers will be paying a $2 fee if they decide to use another banks Automatic Teller Machine (ATM)... read full story
Citigroup announce $18 billion loss
16 January 2008America's second largest bank, Citigroup announced it's first ever quarterly loss overnight with investors responding to the news by dropping their stock to invest in bonds... read full story
Rudd meets with RBA officials
15 January 2008Australian Prime Minister, Kevin Rudd has met with officials from the Reserve Bank of Australia (RBA) to discuss inflation... read full story
Another rate hike looms
14 January 2008With the major banks and other leading lenders all lifting their home loan interest rates last week, or earlier in some cases, there seems to be no respite for borrowers... read full story
Commonwealth Bank to open branch in Vietnam
14 January 2008The Commonwealth Bank of Australia has announced it will be opening its first branch in Vietnam... read full story
Former HIH head released from prison
14 January 2008The former chairman of the failed HIH insurance company, Ray Williams, has been released from prison... read full story
Market Opens Down
14 January 2008The Australia Share Market opened down today as expected after the losses incurred on Wall Street... read full story
All Major Banks and Lenders Lift Rates
12 January 2008The Westpac and St George have raised their home loan interest rates joining the ANZ, NAB and Commonwealth Banks in charging a higher home loan interest rate than the official rate set by the Reserve Bank. .. read full story
Australian Dollar heading towards US.90 cents barrier
9 January 2008The Australian dollar (AUD) was trading at USD$0.8836/40 at lunchtime today after the Australian Bureau of Statistics (ABS) released figures showing that retail trade figures and job vacancies were up... read full story
Commonwealth Bank lifts home loan rates
9 January 2008The Commonwealth Bank of Australia (CBA) has joined the National Australia Bank and the ANZ in lifting the interest rate on Home Loans today... read full story
Major banks set to follow
9 January 2008Australia's leading banks are set to follow the lead set by the ANZ and the National by increasing their variable home loan mortgage rates... read full story
Stock market closes down
9 January 2008The Australian share market closed slightly down after Wednesday's trading with the benchmark S&P/ASX200 index down 40.4 points at 6087.7 while the All Ordinaries lost 46.2 points to 6159.5... read full story
How do I choose the best home loan
8 January 2008Choosing the best home loan product depends on what your financial situation is. What is best for Mr Black is not necessarily the best home loan product for Mr White... read full story
National and ANZ raise home loan interest rates
7 January 2008The National Australia Bank and Australia & New Zealand Banking Group Ltd. have raised the interest rates on mortgages... read full story
Quick tip on buying a property at Auction
6 January 2008Many people go to house auctions, some to buy and some to just watch and get an idea what houses in the area go for. You may find yourself at a property auction wanting to buy a home or an investment property... read full story
Centro enjoys slight rise
2 January 2008Centro Properties securities closed up three cents today as it announced that several groups were interested in its assets... read full story
Westpac opens bank branch in China
2 January 2008The Westpac Banking Corporation Ltd has opened a new branch in China. The bank already has a presence in Asia with offices in Beijing and Hong Kong. The new branch in Shanghai was confirmed after the China Banking Regulatory Commission approved a financial license to the Australian bank... read full story
Wotif closes on Ttravel takeover
2 January 2008Wotif.com Holdings Ltd has moved a step closer in its quest to takeover travel.com.au by removing all conditions from its proposed $54.8 million takeover... read full story
Westpac looking for new chief of Retail Banking
1 January 2008Mrs Gail Kelly who was announced as Westpac's next Chief Executive Officer from 1 February 2008, and already has to find a new head for the retail bank after Mike Pratt resigned just before Christmas... read full story
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