Business investment plans hampered by uncertainty
August 25, 2009
The current level of uncertainty associated with the global and domestic economies is having an impact on the behaviour of business customers at financial institutions, according to East & Partners’ latest Business Banking Customer Satisfaction Monitor... Read more »
Australia one of the world’s safest countries to invest
August 24, 2009
Australia is considered one of the world’s safest countries in which to invest, thanks, in part, to the relatively mild economic slowdown experienced as a result of the global credit crisis. Dun & Bradstreet’s Global Risk Indicator places Australia... Read more »
Financial market regulation reform hands ASIC greater power
August 24, 2009
Changes to the supervision of Australia’s financial markets will see corporate watchdog ASIC (Australian Securities and Investments Commission) assume further responsibilities. The Federal Government believes the changes, which give ASIC power to supervise... Read more »
Bernanke optimistic about global recovery
August 23, 2009
Ben Bernanke, the Chairman of the Federal Reserve in America, has provided a more upbeat assessment of the global economy than many expected, suggesting that we are now on the verge of recovery. Mr Bernanke, a central figure throughout the global financial crisis... Read more »
Sydney house prices to surge?
August 23, 2009
An Australian investment group believes that current market forces could see house prices in Sydney rise as much as $100,000 in the next two years. The Investors Club, which has around 90,000 Australian members, believes that a boom could be ignited by a shortage... Read more »
The evolving financial cycle
August 21, 2009
The Assistant Governor of the Reserve Bank of Australia, Malcolm Edey, this week spoke of the developments in financial markets which have seen market conditions improve “quite significantly” over recent months. Mr Edey told the Retail Financial Services... Read more »
Economic trends report highlights housing demand strength
August 21, 2009
The latest issue of the Melbourne Institute Monthly Bulletin of Economic Trends has shown the vast discrepancy between housing demand and supply, which is consequently forcing house prices back toward pre-crisis levels. The Bulletin also outlined the potential... Read more »
Credit data shows housing leading the way
August 20, 2009
The RBA’s latest Monthly Bulletin, released today, has shone further light on the discrepancy in spending of consumers and businesses. For the fifth straight month credit provided to firms fell, this time by 0.5 per cent. For the year to June 2009 business... Read more »
RBA Minutes highlight central bank’s caution
August 19, 2009
The Reserve Bank of Australia remains cautious, according to yesterday’s release of the Minutes of their latest board meeting, but have now all but guaranteed the next rate movement will be a hike. Over the past month, speculation has been building about... Read more »
Leading economic index boosts optimism
August 19, 2009
A key economic growth indicator has provided further positive news for the Australian economy, despite remaining in negative territory. The Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity three to nine months into... Read more »