Movements on credit card interest rates over two years show banks have kept 85 per cent of the net benefit gained from the Reserve Bank interest rate cuts.
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Job ads surge 20 per cent in February
March 9, 2010 – 12:17 pm
The number of job ads placed in newspapers and on the internet surged by almost 20 per cent in February, an ANZ survey has found.
AJ Lucas settles sale of coal gas permit
March 6, 2010 – 3:57 am
Mining services provider AJ Lucas Group Ltd has settled the sale of its 15 per cent interest in a coal seam gas permit in Queensland.
CBA says cash rate to hit 5.5% by 2011
March 5, 2010 – 1:54 am
CBA has reiterated its forecast that the central bank will raise the cash rate to five per cent by the end of the year and 5.5 per cent by December 2011.
Aussie miners want iron ore price hike
March 5, 2010 – 1:24 am
Australian iron ore producers are set to receive a big jump in benchmark prices, with Chinese steel mills reportedly likely to accept a 50 per cent price hike.
Vehicle sales & #39;rose in February & #39;
March 3, 2010 – 11:10 pm
The number of vehicles sold in Australia rose 17.1 per cent in February, compared with a year ago, industry figures show.
HSBC Australia profit up 25% in 2009
March 3, 2010 – 4:09 am
HSBC Bank Australia saw its annual 2009 pre-tax profit jump by 25 per cent to & #36;251 million despite a halving of profits from its commercial banking arm.
Lihir Gold to lift output by 50%
March 3, 2010 – 12:53 am
Papua New Guinea-focused gold miner Lihir Gold Ltd has unveiled plans to increase production by about 50 per cent in the next decade.
Insurer Allianz posts 60% rise in profit
March 3, 2010 – 12:06 am
Insurer Allianz Australia has posted a 60 per cent rise in annual pre-tax profit, driven by growth across all of its key business units.
Nufarm shareholders tick Sumitomo stake
March 2, 2010 – 1:58 pm
Nufarm shareholders have approved the acquisition by Japan & #39;s Sumitomo Chemical Company of up to 20 per cent of the issued shares of Nufarm at & #36;14 per share.
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