Thu, May 17, 2012, 7:21 AM NZST - New Zealand Markets open in 2 hrs 9 mins

Interest Rates

  • Westfield hoping for retail boost

    Shopping centre giant Westfield is punting on interest rate cuts and $5 billion worth of federal government handouts to families to help entice people to spend again.Chief executive Steven Lowy believes ...

  • CSR says housing recovery hard to predict

    Building products maker CSR expects Australia's housing construction market to remain bleak for the foreseeable future and says it is difficult to predict the timing of a recovery.The company estimates ...

  • The Australian dollar is extending its fall below below parity with the US dollar as renewed worries about debt-stricken Greece weighs on the currency.Greece is expected to hold new elections, possibly ...

  • Total loan approvals rose 5.2 per cent in March, despite a dip in mortgage lending.The Australian Bureau of Statistics (ABS) on Monday said seasonally-adjusted personal finance commitments rose 1.1 per ...

  • Wages growth cooled slightly in the March quarter, but not enough to impact any interest rate deliberations by the Reserve Bank of Australia (RBA).Total hourly rates of pay, excluding bonuses, rose by ...

  • Rising labour prices in the first three months of the year contrast with the central bank's reading of employment demand and inflation, economists say.Total hourly rates of pay, excluding bonuses, rose ...

  • Rising labour prices in the first three months of the year contrast with the central bank's reading of employment demand and inflation, economists say.Total hourly rates of pay, excluding bonuses, rose ...

  • Australian bond future prices are marginally higher after talks between Greek political parties collapsed, meaning the country faces fresh elections next month.UBS interest rate strategist Matthew Johnson ...

  • Time right for surplus, says Treasury boss AAP - Tue, May 15, 2012 10:16 PM NZST
    Time right for surplus, says Treasury boss

    Treasury boss Martin Parkinson has argued the case for bringing the federal budget back to surplus.He says the return is happening in Australia in a much healthier economic environment than in many other ...

  • CCA to sell Fiji Bitter in Australia AAP - Tue, May 15, 2012 9:48 PM NZST
    CCA to sell Fiji Bitter in Australia

    Alcohol will once again become the real thing for Coca-Cola Amatil (CCA) when it is cleared to re-enter the local beer market from next year.The beverage maker says it plans to sell Fiji Bitter as well ...

  • $A gets a boost from German growth data AAP - Tue, May 15, 2012 8:03 PM NZST

    Australian dollar rose back above parity with the US dollar after it got a boost in late afternoon trade on official data showing Germany avoided a recession.At 1700 AEST on Tuesday, the Australian dollar ...

  • Sluggish housing sector helped rate cut AAP - Tue, May 15, 2012 6:27 PM NZST

    The central bank has given no hints as to whether it will cut interest rates again after this month's easing that was prompted by slower growth, a weaker housing market and falling inflation.The Reserve ...

  • Stocks to watch at close on Tuesday AAP - Tue, May 15, 2012 6:24 PM NZST

    Stocks to watch on the Australian stock exchange at close on Tuesday:CCA - COCA-COLA AMATIL - down 58 cents at $46.27Beverages supplier Coca-Cola Amatil (CCA) expects a higher underlying profit in the ...

  • Higher loan rates helped tip RBA's hand AAP - Tue, May 15, 2012 5:58 PM NZST

    The Reserve Bank of Australia (RBA) decided on a hefty cash rate cut in May partially because the big lenders had independently jacked up their rates.After its May 1 board meeting, the RBA cut the cash ...

  • No hints from RBA on rate cuts: economists AAP - Tue, May 15, 2012 2:29 PM NZST

    The Reserve Bank of Australia (RBA) has given no indication it is planning another interest rate cut next month, economists say.At its May 1 board meeting, the RBA cut the official interest rate by half ...

  • No hints from RBA on rate cuts AAP - Tue, May 15, 2012 2:28 PM NZST

    The Reserve Bank of Australia (RBA) has given no indication it is planning another interest rate cut next month, economists say.At its May 1 board meeting, the RBA cut the official interest rate by half ...

  • Stocks to watch at noon on Tuesday AAP - Tue, May 15, 2012 2:11 PM NZST

    Stocks to watch on the Australian stock exchange at noon on Tuesday:CCA - COCA-COLA AMATIL - up 35 cents to $13.08Beverages supplier Coca-Cola Amatil (CCA) expects a higher underlying profit in the first ...

  • RBA sets scene for lower rates if needed AAP - Tue, May 15, 2012 1:43 PM NZST

    The minutes of the latest monetary policy meeting did not explicitly flag the possibility of another round of interest rate cuts but still left the way open.The meeting was held by the board of the Reserve ...

  • Westpac cuts fixed mortgage rates AAP - Tue, May 15, 2012 1:02 PM NZST
    Westpac cuts fixed mortgage rates

    Westpac has cut its interest rates on its short term fixed rate home loans by up to 20 basis points.The bank said the rate on its three-year fixed rate loan would drop from 6.39 per cent to 6.19 per cent, ...

  • Aust bonds hit record high on Greek woes AAP - Tue, May 15, 2012 11:23 AM NZST

    Australian bond future prices have risen to their highest level ever amid fears Greece's political crisis could see it exit the euro zone.At 0830 AEST on Tuesday, the 10-year bond futures contract was ...

  • $A below parity as Greek fears mount AAP - Tue, May 15, 2012 9:39 AM NZST

    The Australian dollar as fallen back below parity with its US counterpart as fears mount that Greece will exit the euro zone and default on its debt saw global equity markets plummet.At 0700 AEST on Tuesday, ...

  • Bonds stronger as Greek deadlock persists AAP - Mon, May 14, 2012 6:57 PM NZST

    Australian 10-year bond future prices rose to their highest level ever as hopes fade about debt-laden Greece being able to form a government.A meeting between Greek President Karolos Papoulias and party ...

  • Stocks to watch at close on Monday AAP - Mon, May 14, 2012 6:20 PM NZST

    Stocks to watch on the Australian stock exchange at close on Monday:DLX - DULUXGROUP - steady at $3.03Paint maker DuluxGroup has reported a two per cent fall in first half net profit and says it expects ...

  • Housing activity stabilising: economists AAP - Mon, May 14, 2012 5:43 PM NZST
    Housing activity stabilising: economists

    A rise in new home loans in March is a sign the housing sector is stabilising, and recent official interest rate cuts could give it a boost, economists say.The number of home loans approved in March rose ...

  • Housing activity stabilising - economists AAP - Mon, May 14, 2012 2:45 PM NZST
    Housing activity stabilising: economists

    The number of home loans approved in March rose 0.3 per cent, which is a sign the housing sector is stabilising, economists say.Economists' forecasts had centred on housing finance commitments to fall ...

  • Loan figures confirm housing in doldrums AAP - Mon, May 14, 2012 2:41 PM NZST

    The outlook for the housing industry remains gloomy after data showing the value of lending to the sector is still heading lower.The figures from the Australian Bureau of Statistics (ABS) on Monday showed ...

  • Stocks to watch at noon on Monday AAP - Mon, May 14, 2012 2:09 PM NZST

    Stocks to watch on the Australian stock exchange at noon on Monday:DLX - DULUXGROUP - down two cents to $3.01.Paint maker DuluxGroup has reported a two per cent fall in first half net profit and says it ...

  • NAB CEO expects more rate cuts AAP - Sun, May 13, 2012 5:26 PM NZST
    NAB CEO expects more rate cuts

    National Australia Bank (NAB) chief executive Cameron Clyne says he expects the central bank to deliver more interest rate cuts."We're likely to see another 50 basis points of cuts over the course ...

  • ANZ last of the big four to trim rates AAP - Fri, May 11, 2012 9:08 PM NZST
    ANZ last of the big four to trim rates

    ANZ has become the last of the big four banks to pass on some of the Reserve Bank of Australia's (RBA) interest rate cut.ANZ trimmed its standard variable home loan and business lending rates on Friday ...

  • Europe fears drag $A close to parity AAP - Fri, May 11, 2012 7:57 PM NZST

    Fears of a new financial crisis in the wake of Greece's elections have dragged the Australian dollar perilously close to parity with its US counterpart.At 1700 AEST on Friday, the Australian dollar was ...

  • Aust stocks close lower AAP - Fri, May 11, 2012 7:22 PM NZST

    The Australian share market has closed lower, after some bad news about the largest bank in the US, JPMorgan Chase, spooked investors.On Friday, the benchmark S&P/ASX200 index was down 10.5 points, or ...

  • Stocks to watch at close on Friday AAP - Fri, May 11, 2012 6:41 PM NZST

    Stocks to watch on the Australian stock exchange at close on Friday:ANZ - ANZ BANKING GROUP LTD - down 11 cents at $22.04ANZ has trimmed its standard variable home loan and business lending rates by 37 ...

  • ANZ cuts home, business loan rates AAP - Fri, May 11, 2012 6:34 PM NZST
    ANZ last of the big four to trim rates

    ANZ has become the last of the big four banks to pass on some of the Reserve Bank of Australia's (RBA) interest rate cut.ANZ on Friday trimmed its standard variable home loan and business lending rates ...

  • ANZ cuts home, business rates AAP - Fri, May 11, 2012 5:42 PM NZST
    ANZ last of the big four to trim rates

    ANZ has become the last of the big four banks to pass on some of the Reserve Bank of Australia's (RBA) interest rate cut.ANZ on Friday trimmed its standard variable home loan and business lending rates ...

  • Stocks to watch at noon on Friday AAP - Fri, May 11, 2012 2:08 PM NZST

    Stocks to watch on the Australian stock exchange at noon on Friday:ANZ - ANZ BANK - down 13 cents at $22.02Anz Bank expected to make an interest rate announcement on Friday following lowering of official ...

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