Growth

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25bp rate cut a start but more needed to spark market revival
by Staff Reporter • 12 Aug 2008
September is widely tipped to see the first official rate cut since December 2001 and indications are that more could... READ MORE
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Adelaide and Bendigo deliver solid profit
by Staff Reporter • 12 Aug 2008
In its first annual result since merging last year, Bendigo and Adelaide Bank Ltd have delivered a $170.5 million... READ MORE
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PMI Australia?s Q2 results dip
by Staff Reporter • 11 Aug 2008
PMI Australia reported a net income of $24 million for the second quarter of 2008 on Friday. READ MORE
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Lacklustre weekend auctions
by Staff Reporter • 11 Aug 2008
Hopes of an interest rate cut have yet to translate to the property markets the weekend’s auction results have... READ MORE
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Unemployment rate unchanged in July
by Staff Reporter • 8 Aug 2008
Employment remained surprisingly strong in July, despite a slowdown in economic growth, ABS figures showed today. READ MORE
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Freddie?s losses soar Q2
by Staff Reporter • 7 Aug 2008
Freddie Mac announced an enormous second quarter loss of US$821 million (A$902 million) overnight, a significant... READ MORE
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Australians continue to shy away from property commitments: ABS
by Staff Reporter • 7 Aug 2008
The number of Australians who committed to a home loan declined again in June to just 50,294. READ MORE
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Northern Rock posts H1 loss
by Staff Reporter • 6 Aug 2008
Embattled UK bank Northern Rock announced a £585.4 million (A$1.249 billion) loss overnight for the six months... READ MORE
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US rates steady at 2pc
by Staff Reporter • 6 Aug 2008
The Federal Reserve (Fed) kept interest rates on hold overnight at a rate of two per cent. READ MORE
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Industry jobs squeezed in half: Olivier Job Index
by Staff Reporter • 6 Aug 2008
The retail banking and mortgage sector’s job market continued to contract in July, Olivier’s Job Index... READ MORE