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Debts to take Centrelink bonuses
Mon, 10 Nov 08Half of all Australians who are eligible for bonus payments from Centrelink in the second week of December are planning to save the money or pay down bills according to a survey from the Australian Retailers Association.
Buyers market at top end of town
Mon, 10 Nov 08Buyers are enjoying price falls in the affluent suburbs of the capital cities of ten to almost forty per cent.
Account switching made easier
Mon, 10 Nov 08Switching bank accounts to get a better deal is now easier following the introduction on Friday of a new account switching service. Australian Securities and Investments Commission (ASIC) Chairman, Mr Tony D’Aloisio, said Authorised Deposit-taking Institutions (ADIs), which include banks, credit unions and building societies, would now provide account-switching services to consumers that are switching their personal transaction accounts.
Credit crunch impacts the foreign banks
Mon, 29 Sep 08The profits of foreign banks operating in Australia fell in the March 2008 quarter, possibly reverting to more usual levels after inflated earnings during 2007.
Australia well placed to ride financial storms
Mon, 29 Sep 08Treasurer Wayne Swan yesterday welcomed an IMF report supporting the government view that Australia is well placed to weather the global financial crisis.
Leave rates where they are says IMF
Mon, 29 Sep 08There will be no housing price collapse in Australia and inflation remains the biggest single hurdle to continued economic growth says the International Monetary Fund. The IMF has warned the Reserve Bank of Australia against cutting interest rates too fast and is believed to have told the RBA that it had underestimated the possibility of the commodity price boom fuelling inflation for consumers.
Business lending looks sound
Mon, 29 Sep 08Most of the rise in delinquent business loans on the books of Australian banks relates to property-related lending, the Reserve Bank of Australia said in the half-yearly Financial Stability Review.
Aussie banks look strong
Mon, 29 Sep 08The Australian banking system is strong enough to weather the current problems affecting the global financial system says the Reserve Bank of Australia.
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