News
| 10/3/10 |
Build more houses or face higher prices: Reserve Bank Australia is facing an under-supply of housing that isn't meeting the demands of a growing population and will push property prices even higher, according to the Reserve Bank of Australia. Read more |
| 5/3/10 |
Big bank 'monopoly' nets $20 billion from customers The big four banks are making $20 billion additional profit by gouging customers and are so powerful they are 'immune to competition', according to research. Read more |
| 26/2/10 |
Australian property values up 1.8 percent in January Australia's runaway property market is refusing to slow, with the average home rising almost 2 percent in value last month. Read more |
| 18/2/10 |
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Australian economy set to grow at boom levels by 2010 Australian economic growth is expected to accelerate this year to levels last experienced at the peak of the resources boom in 2007, according to a leading private sector index.more |
| 17/2/10 |
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| RBA left rates steady to assess earlier rises on economy
The Reserve Bank of Australia (RBA) left the cash interest rate unchanged in February so it could assess the impact of its earlier rate rises and those of the commercial banks on the domestic economy, the latest board minutes reveal.more |
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Global Financial Crisis is 'over' Ken Hendry TREASURY boss Ken Henry has declared the global financial crisis is over as Australia's unemployment rate fell to an 11-month low. Read more |
| 12/2/10 |
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Storm Financial compensation deal looms Thousands of Storm Financial victims will learn within weeks whether an unprecedented compensation deal with the Commonwealth Bank will be approved. The multi-million dollar deal would be a national first, a spokesman for Slater & Gordon, which is acting on behalf of more than 2000 victims, told brisbanetimes.com.au - Read more |
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Bank deals OK as TV news 'not factual': ACMA NEWS does not constitute a ''factual program'', according to the media regulator, which is refusing to investigate whether TV networks should disclose that banks pay them to be financial commentators in their news bulletins. Some commercial TV networks are receiving up to $3 million a year from banks' broking houses to appear in news bulletins and commentate on the day's trading. Read more |
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