Movements on credit card interest rates over two years show banks have kept 85 per cent of the net benefit gained from the Reserve Bank interest rate cuts.
March 10, 2010
Five banks to manage QR National IPO
The Queensland government has appointed five investment banks to manage its $3 billion-plus float of the QR National coal, freight and infrastructure business.
Orica says court loss might cost & #36;192m
Orica says it might suffer a $192 million profit hit unless it appeals a Federal Court decision that will make it pay more tax over a 1998 pharmaceutical sale.
Confidence as jobless rate sinks
Increasing job security due to the surprisingly rapid drop in the jobless rate in recent months has helped consumers bear the pain of rising interest rates.
Greens slam new renewable energy body
The Australian Greens have slammed a new body designed to develop renewable energy in Australia.
Strong consumer confidence boosts dollar
THE Australian dollar closed higher after the release of a positive consumer confidence report as market expectations firmed in the lead up to labour force figures tomorrow.
Shares close flat on housing data
THE share market closed flat after eight consecutive trading day gains, as weaker mining stocks offset a stronger financial sector.
Tax case loss to cost Orica $92m more
ORICA says a defeat of an appeal in the Federal Court of an amended tax assessment will cost it a further $92 million.
Seek buys stake in Malaysian jobs site
ONLINE jobs agency Seek has increased its presence in Asia after paying $23.5 million to more than double its stake in a Malaysia-based jobs website.
US to investigate runaway Prius
US investigators have launched a probe into a runaway Toyota Prius in California in a high-profile case that threatens to undermine the Japanese automaker’s effort to repair its battered image.