Aussie shares continued on their recent upward trend and closed higher today. Rio Tinto, BHP Billiton and other resource stocks benefited from rallying base metal prices on the London Metal Exchange overnight. Financials also boosted the local market today.
This afternoon the Reserve Bank announced that interest rates will stay on hold for a fourth month [...]
Archive for the ‘Australian Finance’ Category
Market Wrap
August 4th, 2009 by Financial Writer
Tags: Asciano Group, au, Biotechnology, Gas producer
more...ONE in four self-funded retirees has been forced to return to the workforce
July 16th, 2009 by Financial Writer
ONE in four self-funded retirees has been forced to return to the workforce or plan to as a result of their shrinking retirement nest eggs, according to a survey by research group CoreData.
The survey of more than 1000 self-funded retirees and those nearing retirement found four in 10 had lost more than $100,000 in the [...]
Tags: au, Retirees, shrinking retirement, workforce
Credit card rates rise as interest falls - AU
July 1st, 2009 by Financial Writer
MILLIONS of credit card customers battling to pay off debt are being slugged with higher interest fees, despite historic low official rates.
More than half of cards issued by banks, credit unions and building societies have higher rates now than two years ago, an investigation has found, The Advertiser reports.
Consumer group Choice says that while scores [...]
Tags: australians, credit card debt, credit card rates, official rates increased