The Essential Investor Resource
The Reserve Bank decided to leave the official cash rate unchanged for the fourth consecutive month today at it's monthly board meeting. Continued concerns about the global economic recovery and the lack of an excessively high inflation rate meant the RBA's decision to keep the official cash rate un
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August 17, 2010 Fees charged by superannuation funds are the major issue identified for consumers in a survey that rated 70 super funds in Australia. The research conducted by Canstar Cannex also found that consumers are overwhelmingly happy with the financial advice they receive from their su
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August 17, 2010 The Reserve Bank today released it's minutes from the August 3 board meeting, saying it was "comfortable" leaving interest rates at average levels during the recent market volatility. The board left the cash rate unchanged at 4.5% on August 3, saying that the existing level was
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August 3, 2010 The Reserve Bank of Australia (RBA) has kept interest rates on hold for the third straight month in its monthly meeting today, shielding borrowers from rising mortgage repayments. The central bank decided to leave the official cash rate at 4.5%, where it has been since May. Sinc
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July 22, 2010 Business confidence fell sharply in the June quarter as the turbulence on global financial markets began to worry local firms. The National Australia Bank's (NAB) quarterly index of business confidence fell 14 points to 3 index points in the June quarter, according to the bank's
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July 20, 2010 The Reserve Bank of Australia will base its next interest rate decision on key inflation data, the minutes of its July 6 meeting show. The central bank decided to leave the official cash rate on hold at 4.5% on July 6 because the global economy was continuing to grow around trend
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July 16, 2010 Embattled US bank Goldman Sachs has agreed to pay a record $US550 million ($AU623 million) to settle a US fraud probe. Goldman Sachs faced civil charges filed by the Securities and Exchange Commission (SEC) on April 16. The charges accused the company of defrauding investors abo
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July 15, 2010 One in five households expect to take on more debt in the coming months despite worrying about rising interest rates a recently released survey shows. The latest Credit Expectations Survey released by Dun & Bradstreet reveals almost 50% of households are concerned higher inte
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July 15, 2010 The National Australia Bank is expected to confirm it has been granted an extension to it's exclusivity to negotiate with France's AXA SA over the propsed takeover of Austrlian listed AXA Asia Pacific. NAB's current exclusivity period expires at midnight tonight, but sources hav
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Housing Finance Increases July 13,2010 Australia's property market remains resilient amid rising interest rates and global economic concerns. Recent housing finance figures released by the Austrlian Bureau of Statistics show finance for owner-occupiers rose 1.9% in May. Total housing financ
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