Borrowing Rates Lowest Ever
With the economic crisis all over the world, after more than a century, the borrowing rates are the lowest ever in Australia. Reserve Bank..
Author Archives
Westpac Has Ties with Illegal Logging
An investigation of the Herald revealed that Westpac appears to have ties with illegal logging operations. The findings came as a surprise..
Australian Share Market Gets Boost from Industrial Sector
The industrial sector, which was underperforming the past few weeks, boosted share market today, as the S&P/ASX200 index rose to 15.7..
Apple Disappoints, Analysts Worry
This year alone, tech giant has missed its targets twice. The latest data shows consumers are not buying iPhones as much because they are..
Slipping Inflation Rate May Prompt Cuts
More interest rate cuts may be made by the Reserve Bank following the slip of inflation rates to its lowest point at 1.2 percent. According..
Caltex Refinery to Close in 2014
About 630 jobs will be lost when Caltex closes its Kurnell refinery sometime in the middle of 2014. The company announced this saying it is..
NZ Central Bank OCR Remains at 2.5%
Even if the debt crisis in the eurozone is far away, New Zealand is not excluded from feeling its effects. Spain has two regions this week..
Stocks Slide Due to Worldwide Downtrend
The theme of the day in the Australian stock market is slip and slide as the share market abroad showed considerable losses. Bonds offshore..
NAB Faces Customer Backlash with Loan Rates Increase
The National Bank of Australia (NAB) yesterday announced the company would be implementing a 20 basis point increase on some business..
Retail Funds Lost $75 Billion in 15 Years
A new report from the Industry Super Network said that for the past 15 years, super funds managed by banks and wealth management groups..
