New home sales fell to their lowest level in over a decade in March 2012, said the Housing Industry Association, the voice of Australias residential building industry. HIA Chief Economist, Dr Harley Dale said the Reserve Bank of Australia needs to act boldly tomorrow and cut the official cash ra… read full news Published:...
For ADS Partners
Dear partners, if you are interested in advertising on our site, you can contact us by e-mail address:
Financial News
RBA: Financial Aggregates
Total credit provided to the private sector by financial intermediaries rose by 0.4 per cent over March 2012, after rising by 0.4 per cent over February. Over the year to March, total credit rose by 3.4 per cent. Housing credit increased by 0.4 per cent over March, following an increase of 0.4 pe… read...
NAB first-half profit rises to $2.82b
National Australia Bank says first-half unaudited cash profit rose 5.7 per cent even as it posted higher bad debt provisions and revealed a charge of almost $300 million to overhaul its struggling operations in the United Kingdom. Big four banks tipped to post $12b profits Westpac dangle… read full news Published: Mon, 30 Apr...
USD/JPY Outlook Apr. 30-May 4
Dollar/yen continued moving down, despite more QE in Japan and no QE3 in the US. Will the Japanese authorities intervene at these levels? Average Cash Earnings is the major event this week. Heres an outlook for the Japanese events and an updated technical analysis for USD/JPY. Last week the BOJ … read full news...
Australia’s Inflation slows, adding to rate cut chance
Australia’s inflation slowed in April, giving the Reserve Bank yet more reason to cut interest rates when it meets tomorrow to decide on borrowing costs. The TD Securities – Melbourne Institute monthly inflation gauge increased by 0.3 per cent in April, following a 0.5 per cent rise in March, as … read full news...
Not why Germans should fear a euro breakup
In recent years, instability in many European countries has led to large transfers of money into Germany. This in turn has led the Bundesbank to build up large credits with other central banks in Europe via the TARGET2 system. Does this represent a risk to Germany in the event of a breakup of the…...
Eurozone woes keep everyone guessing over gold
New Zealand Mint has a new owner and has a fresh push into overseas markets under way, but is wrestling with the same question that has confounded traders through the ages – what’s going on with the price of gold. “If we knew where it was going we’d be permanently on holiday – our...
Spaniards protest against austerity cuts
Tens of thousands of people demonstrated across Spain on Sunday against new austerity measures targetting education and health care spending. “Cuts in health care and education, that’s the last straw for us, the working class,” said Domingo Zamora, a 60-year-old civil servant in Madrid. “Without … read full news Published: Mon, 30 Apr 2012...
New Zealnad export values fall from recent highs
The seasonally adjusted value of exported goods decreased 6.0 percent in the March 2012 quarter, Statistics New Zealand said today. Falls in the value of exported dairy products, crude oil, and fruit led the decrease. Export values have come off their historic highs and have trended down in the … read full news Published:...