The banking industry has admitted it is struggling to gain the public's trust in explaining why mortgage rates need to rise independently of the Reserve Bank.
THE ANZ’s top institutional banking executive in Australia believes Asian investors will increasingly provide the growth capital sought by local mining companies.
Consumer sentiment has fallen following the Reserve Bank of Australia's (RBA) decisions in February and March to keep the official interest rate on hold, a survey shows.
US stocks took off Tuesday and the Dow zoomed past the 13,000 mark driven by soaring bank shares, sparked by JPMorgan Chase's announcement of a huge share buyback and dividend hike.
The number of home loan approvals has fallen for the first time in 10 months but, economists say, the news won't trouble the Reserve Bank of Australia.
US stocks finished mixed Monday ahead of a Federal Reserve policy board meeting that analysts hope will provide a better picture of the US economy's direction.
Australian stocks have defied a positive lead from offshore and opened weaker, with falls among the energy and healthcare sectors leading the overall market lower.
US stocks took a roller-coaster ride in the week to Friday as Wall Street marked three years since hitting bottom in the middle of the Great Recession.
The Australian dollar continued its rise today, with traders relieved there may be an end in sight for the current chapter in the Greek government debt crisis.
The Australian share market has opened higher following Wall Street's strong positive lead and on optimism that Greece has secured enough support for its debt-swap deal.
The Australian dollar has proven resilient after the release of weak local jobs data, helped by optimism that the Greek government re-financing operation will prevent a debt default.
The Australian share market closed stronger after three consecutive days of losses on views that there is a reduced likelihood of a Greek debt default and solid US private sector job numbers.
US stocks rebounded on Wednesday after Tuesday's rout, with investors encouraged by US jobs data and signs that Greece was likely to make Thursday's deadline to seal a crucial debt write-off deal.
The Australian dollar was three-quarters of a US cent lower on Wednesday after the release of economic growth figures that were much weaker than expected.
The Australian share market finished firmly lower after battling headwinds on all fronts, with negative offshore leads, concerns about Greece's debt woes and disappointing Australian gross domestic
