Published on November 20, 2010 by Technology Slice
RBA Defends Interest Rate Hikes – The central bank has defended its most recent interest rate rise, saying the “early, modest tightening” was a pre-emptive move to guard against future inflationary pressures. Reserve Bank of Australia (RBA) deputy governor Ric Battellino says inflation is now “broadly in the middle of the target range”. But over [...]
Tags: Amount Of Money, Australian Economy, Bank Of Australia, Basis Points, Board Meeting, Deputy Governor, Economic Developments, Economic Growth, Inflation, Inflationary Pressures, Interest Rate Hikes, Interest Rate Rise, Interruption, Medium Term, Meeting Minutes, Monetary Policy, Reserve Bank Of Australia, Reserve Bank Of Australia Rba, Sustainable Path, Target Range
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Published on October 28, 2010 by Technology Slice
ANZ Profit Passes $5 Billion As Banks Cry Poor – ANZ chief executive Mike Smith said today that the Australian economy was running at multi-speeds, but was becoming ‘‘more normal’’. The bank expects corporate lending volumes to rise in the first half of fiscal 2011. Advertisement: Story continues below ‘‘Corporates can’t sit on cash… They [...]
Tags: 12 Months, Advertisement, anz, Asia Pacific Operations, Australian Economy, Australian Securities, banks, Cash Profit, Chief Executive, Consensus Estimates, Corporates, Dividend, Interest Margin, Jump 5, Mike Smith, Mr Smith, Net Income, Net Interest, Securities Exchange, Shareholders
Posted in Money
Published on October 27, 2010 by Technology Slice
NAB Profit Over $4 Billion – NAB shares rose in early trading, gaining as much as 2.8 per cent, or 70 cents, to $25.45. By late afternoon, though, the shares had trimmed their advance to be up 47 cents, or 1.9 per cent, to $25.22, while the overall market was off about 0.9 per cent. [...]
Tags: 12 Months, Analyst Expectations, Australian Economy, Business Confidence, Business Division, Cameron, Cash Profit, Chief Executive, Consecutive Time, Dividend, Dividends, Flagship, Home Loans, Late Afternoon, Nab Shares, Net Profit, Personal Banking, Rivals, Shareholders, Sized Business
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Published on October 15, 2010 by Technology Slice
Commonwealth Bank boss Ralph Norris has talked about the funding “pressures” the bank is facing and how they will be forced to raise rates above and beyond the Reserve Bank of Australia. This comes on the back of a decision by the reserve bank to keep interest rates as they are. Other banks have not [...]
Tags: Australian Economy, australians, Balance Sheets, Bank Of Australia, Banks In Australia, Boss, Commonwealth Bank, Consumers, Dollar Bonuses, Global Financial Crisis, Independent, interest rates, joke, Massive Lawsuit, Participants, Ralph Norris, Reserve Bank Of Australia, Small Business
Posted in Money
Published on October 11, 2010 by Technology Slice
Last week the Australian dollar hit 98 U.S. cents putting a smile onthe faces of australian shoppers but putting a strain on australian exporters. The american economy is still reeling from a nasty recession. They have high unemployment numbers and their housing market is still a disastor. All these factors have contributed to a weak [...]
Tags: American Dollar, American Economy, Aussie Dollar, Australian Dollar, Australian Economy, Australian Exporters, Disastor, Faces, Housing Market, Nasty Recession, New Numbers, Parity, Shoppers, Smile, Thailand, Unemployment Numbers, Vietnam
Posted in Money
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