Cost of Banking Will Continue to Rise
Funding costs will apparently continue to rise despite projections by several bankers that this will no longer take heat this year. ANZ and..
Business
Digital Wallets to Change How Consumers Buy
As the smartphone technology becomes more prevalent and sophisticated, expect consumers to use their digital wallets more. According to..
Slump in China’s Economy
China has the second largest economy in the world and a new data released on Thursday indicated that factories, mines, and workshops in..
Comyn is New CBA Retail Chief
Commonwealth Bank has announced that Matt Comyn is the new head for its retail banking services division. Effective today, Comyn will be in..
Financial Sector to Meet on Corporate Bond Market
Bond investors and banking executives are to meet with officials from the Treasury Tuesday morning to discuss the development of a..
ASX Recommends Limitations for Dark Pool Trading
With Wall Street succumbing to another trading glitch this week, the Australian Securities Exchange (ASX) said traders have to be wary of..
Construction Sector Takes a Hit Again
In May and June, cuts in the interest rate were introduced by the central bank. This stimulus should have been enough to affect consumer..
Niche Shops Booming
In these highly volatile times, part of the retail market is taking a hit. Shops that are deemed as specialty stores are sailing ahead..
Unemployment Rate Slightly Grows in July
Australia’s unemployment rate is expected to have a slight increase for the month of July. It is predicted to grow at 5.3 percent..
Resource Companies Feel the Christmas Crunch
Australian resource companies are facing the risk of using up their cash reserves by December 2012. The crunch would equate to these..
