China’s stocks fell for a second day after government officials said they would take further steps to control inflation after raising interest rates last month.
Industrial & Commercial Bank of China Ltd. and developer China Vanke Co. paced declines among financial stocks after the central bank said it will intensify the use of price tools to [...]
Archive for the ‘Australian Finance’ Category
China’s Stocks Drop as Banks, Developers Fall on Rate Concern
November 2nd, 2010 by Financial Writer
Tags: Asian stocks, bank of china, Chinese economy, economic, economic growth, economy recovery, financial markets, interest rates, loans, us economy
more...Dollar Near One-Week High Versus Euro on Bets Fed Easing to Revive Growth
October 26th, 2010 by Financial Writer
The dollar rose to a one-week high against the euro amid speculation more debt purchases by the Federal Reserve will help revive economic growth.
Australia’s dollar fell for a second day after the nation’s consumer prices rose by less than some economists had forecast, damping prospects the central bank will raise interest rates next month. New [...]
Tags: australians, central bank, commerce department, consumers, economic growth, european central bank, Global Economy, us economic
Market Wrap
August 4th, 2009 by Financial Writer
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 [...]
Tags: Asciano Group, au, Biotechnology, Gas producer
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