Banks are desperate to keep lending despite a record number of Australians being "under water" on their mortgages and the Reserve Bank of Australia's warning against chasing unrealistic profits.
The global financial market environment is on a more stable footing and Australian banks are in a good position to address any future turmoil, the Reserve Bank of Australia says.
The Australian share market has followed offshore markets higher in opening trade, with investors encouraged by signs from US Federal Reserve chairman Ben Bernanke that the US would keep interest r
The Australian dollar has risen almost one cent and pushed past 105 US cents for the first time in six days following indications from Federal Reserve Chairman Ben Bernanke that the US would keep i
US stocks have surged following gains on European markets and after Ben Bernanke said a still-weak job market merited the Federal Reserve keeping easy money policy in place.
Bank of Queensland today announced another step in the rebuilding of its senior management group, in tandem with unveiling a $91 million half-year loss and a large capital raising to bolster its ba
The Australian share market managed to claw back most of its early losses to close flat after negative offshore leads and lower commodity prices overnight.
Iluka Resources managing director David Robb has become the latest in a string of WA company directors to offload a multi-million dollar parcel of shares.
The Australian share market has opened half a per cent lower following the lead of international markets amid fresh concerns over China's cooling economy after a warning on dropping iron ore demand
US stocks have posted modest losses amid concerns about cooling economic growth in China and mixed data on the troubled US housing construction sector.
