Treasurer Wayne Swan says the major four banks have looked after their customers leading into Christmas by moving inline with the central bank's interest rate cut.
Australian shares edged lower as investors continued to fret about whether eurozone leaders will be able to hammer out a deal to tackle the debt crisis at this week's summit.
Australian shares added 0.7 per cent as hopes for a new debt deal in Europe and forecast-beating economic growth data for the September quarter boosted investor appetite.
WA's largest locally owned banking institution Police & Nurses Credit Society has announced that it will follow the Reserve Bank, cutting the full interest rate on its variable home loan produc
Australian shares are higher as hopes for a new debt deal in Europe and better than expected economic growth data for the September quarter boosted investor appetite for risk.
Australian shares are lower, breaking their six-day winning streak after Standard and Poor's warned 15 eurozone members of possible credit downgrades due to the region's deepening debt crisis.
Capital raised by companies listing on the Australian Securities Exchange slumped 61 per cent in November from a year earlier as the turmoil in global financial markets took its toll.
The Reserve Bank of Australia has cut the cash rate to 4.25 per cent from 4.5 per cent at its December board meeting.It was the second consecutive month that the RBA has cut the rate.
Australian shares fell, breaking their six-day winning streak after Standard and Poor's warned 15 eurozone members of possible credit downgrades due to the region's deepening debt crisis.
The Australian dollar is higher today after European leaders announced plans to establish a new treaty which imposes strict budget discipline on member states.
US stock markets pared gains on Monday after a newspaper report said that Germany and five other triple-A eurozone countries face the prospect of a credit downgrade.
Australian shares have risen by 0.8 per cent, buoyed by hopes that European leaders may be able to thrash out a deal to salvage the region's debt crisis this week.
Clough announced today it anticipates underlying earnings for the current half year will be lower than analysts expectations, following cost overruns and lowered margins.
Australian shares have opened 0.5 per cent higher after Italy announced $26 billion in tax hikes and spending cuts as it strives to avoid an economic meltdown.
The Australian dollar was trading higher this morning, after the Italian government announced new austerity measures to overcome the country's crippling debt woes.
European Union monitors and ratings agencies bear some of the blame for Greece's debt crisis that has plunged the continent into financial turmoil, former Greek prime minister George Papandreou say
Australian shares have gained slightly, rising for the fifth day in a row, after markets in Europe and the US mostly declined after the previous day's jump.
US stock markets closed mostly lower on Thursday as investors digested a flood of economic data a day after a huge rally sparked by co-ordinated central bank action against the eurozone crisis.
The co-ordinated action by six of the world's major central banks to ensure commercial banks don't fall foul of the European debt crisis adds to the case for another interest rate cut here next wee
Australian shares have risen for a fourth consecutive day, posting strong gains after co-ordinated action from global central banks to lower borrowing costs sent global equity markets soaring.
Five years of WA salary surveys show some chief executives appear to be remarkably well paid relative to the size of their business and the returns they have delivered, while others offer great value for money.
