Four Big Banks Reduce Home Loan Rates
Market hits new low as financials plummet
Renewed global recession fears made the share market close at a new four-year low, falling just above one and a half percent. At the 4:15 (AEDT) close, the benchmark S&P/ASX200 index went down by 60.2 points to 3809[...]
Australian Dollar Falls Down amidst Fears of Global Recession
The Australian dollar fell down in opposition to the Japanese yen and the US dollar as concerns on the subject of a global recession provoked investors to discard higher-risk assets. New Zealand’s currency was also a c[...]
Consumer confidence has grown due to interest rate cuts and Governments stimulus package.
ECONOMISTS said that interest rate cuts and the Federal Government’s economic stimulus package have increased consumer confidence in the past month regardless of the global finance crisis. Westpac – Melbourne Insti[...]
Singapore Telecom (SingTel), Trimming down 115 jobs in its operation in Australia
Singapore Telecommunications Ltd., in order to reduce costs, will take away 115 jobs in Australia, where it acquires two-thirds of its sales. Optus Pty, the Sydney Australia-based company which is a unit of Singapore Tel[...]
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Four Big Banks Reduce Home Loan Rates
Australia’s big four banks have decided to reduce their variable home loan interest rates. ANZ, Westpac and NAB(National Australian Bank) announced cuts on Wednesday. While, Commonwealth Bank of Australia announced its rate reduction on Tuesday. But still, not any of the banks are ready to pass completely, this week’s 75 basis point cut in the [...]
Market hits new low as financials plummet
Renewed global recession fears made the share market close at a new four-year low, falling just above one and a half percent. At the 4:15 (AEDT) close, the benchmark S&P/ASX200 index went down by 60.2 points to 3809.2, while the broader All Ordinaries index lost 1.65 percent at 3768.3. With the All Ords closing at its [...]
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