China, Stern Hu spying crisis deepens Australia’s iron ore crisis with China threatened to take a dramatic new turn yesterday, with reports Rio Tinto had suspended spot market sales and rumours BHP Billiton may also be under investigation. Herald Sun Todays Stock market news CBA ‘locks out brokers’ The Commonwealth Bank has been accused of [...]
The local market of Australia traded a strong gains during the new year’s trading. But the gains seemed to be superficial as it stumbled again led by the banking sector. On the other hand, the resources sector remained strong.The banks were the biggest…
Due to economic slowdown, Australia’s Westpac bank still promised to maintain its dividend, despite some speculation that its balance sheet growth is set to slow over the coming year.On the wider economy, Mr Evans noted that while the Reserve Bank of A…
The G20 summit is believed to fail to draw up specific stimulus action during its meeting in Washington, which also believed to be the reason of another fall of the stocks of Australia. The plunge was led by the banks here.With recent economic data co…
The increase of 6 percent profit on its annual gain that Westpac has recently recorded is an evidence that the bank has shrugged off the effect of slowing economy over the past six months.And with an increase in costs held to 7%, the cash profit figur…
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