Tag: International Financial Crisis
Rates to keep rising back to normal
The Reserve Bank's minutes show more rate rises are on the way if Australia's economic data remains strong.[MORE]
China warns of double-dip recession
China's premier Wen Jiabao says the world could still fall back into recession and is warning against complacency.[MORE]
Lehmans accused of disguising insolvency
A report on the collapse of the American investment bank, Lehman Brothers, has found that it disguised its true financial position before it filed for bankruptcy in September 2008. [MORE]
Business bears brunt of interest margin increase
A Reserve Bank report estimates the major banks have enjoyed a 20 to 25 basis point increase in interest margins during the financial crisis.[MORE]
Employment expected to remain steady
Most economists are expecting unemployment in Australia to remain steady at 5.3 per cent. [MORE]
EU targets traders in response to Greek crisis
The EU is considering a ban on the sort of complex financial instruments that may have contributed to Greece's economic crisis.[MORE]
RBA warns of housing, worker inflation risk
The Reserve Bank has said one of Australia's greatest challenges in the years ahead will be to boost the supply of new houses and skilled workers.[MORE]
Consumer confidence flat as rates rise
A leading private survey has shown resilience among Australian consumers, despite the interest rate rise in March.[MORE]
Business confidence bounces back
Business confidence has risen back to the levels seen in November, which were the highest since May 2002.[MORE]
Tourism industry on the up
A tourism executive says the worst of the global financial crisis is over for the Australian industry.[MORE]
Financial struggles in the 'old world'
Two of the world's oldest civilisations are facing serious financial troubles.[MORE]
Iceland votes against deal to repay debt
Icelandic voters have overwhelmingly rejected a $5 billion deal to repay overseas debts. [MORE]
Germany not bailing out cash-strapped Greece
German Chancellor Angela Merkel has welcomed austerity measures taken by Greece to solve its financial crisis and says direct aid to Greece is not needed. [MORE]
Steady jobless rate not enough for Obama
The United States lost fewer jobs than expected last month, leaving its unemployment rate unchanged at 9.7 per cent.[MORE]
China economy truly extraordinary, says Wen
China's premier Wen Jiabao has used the opening session of the National People's Congress to praise the way his country emerged from the world economic crisis, but he says the global economy is not out of the woods yet.[MORE]
More austerity shores up support for Greece
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In a bid to secure the support of the European Union, the Greek government announced more austerity measures to deal with its crippling deficit.[MORE]
'Bankrupt' Greeks told to sell their islands
Two political allies of German Chancellor Angela Merkel say Greece should sell off some of its islands to pay off its debts.[MORE]
Financial crisis 'a bonanza' for big banks
While the financial crisis saw banks around the world collapse, the crisis has proved to be a bonanza for Australia's main banks.[MORE]
China's 'big elbows' may slow Western growth
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A leading fund manager says Chinese demand for commodities may slow growth in developed nations.[MORE]
Greeks asked to donate to cut debt
Greece has urged citizens to make charity contributions into a national fund in support of Government efforts to deal with a fiscal crisis.[MORE]
Economic growth gives RBA 'carte blanche' to raise rates
Australia's gross domestic product (GDP) grew 0.9 per cent in the December quarter, and 2.7 per cent over the past year.[MORE]
Rates hike: it's all uphill from here
The Reserve Bank has signalled more interest rate rises are on the way after lifting the cash rate to 4 per cent.[MORE]
RBA raises rates to 4pc
The Reserve Bank has raised interest rates by 0.25 percentage points to 4 per cent in a move widely expected by economists.[MORE]
Retail sales climb, but apartment approvals slump
Strong rise in retail sales offset by a steep fall in new apartment approvals in January, official statistics show.[MORE]
Executive incentives unsustainable: banking watchdog
Banking executives who rake in big salaries and bonuses despite the global financial crisis might soon find themselves on less lucrative deals.[MORE]
