Hot Penny Stocks » australian Banking industry http://www.penny-hopefuls.com Hot stock market penny stocks and Small Cap stocks Thu, 09 Feb 2012 12:02:08 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Westpac agrees to maintain dividend http://www.penny-hopefuls.com/perth/westpac-agrees-to-maintain-dividend/ http://www.penny-hopefuls.com/perth/westpac-agrees-to-maintain-dividend/#comments Thu, 11 Dec 2008 12:05:00 +0000 Trader
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 Australia had cut interest rates aggressively and the federal government had begun a “sizeable” fiscal stimulus program, more is needed.

“These actions will help to offset the effects of the global slowdown but I believe more will be required,” he said.

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]]> http://www.penny-hopefuls.com/perth/westpac-agrees-to-maintain-dividend/feed/ 0 RBA governor sees scope for more rate cuts http://www.penny-hopefuls.com/perth/rba-governor-sees-scope-for-more-rate-cuts/ http://www.penny-hopefuls.com/perth/rba-governor-sees-scope-for-more-rate-cuts/#comments Tue, 09 Dec 2008 10:56:00 +0000 Trader
Reserve Bank Governor Glenn Stevens sees scope for more monetary and fiscal easing if needed, while noting that major stimulus already in the pipeline would have a significant impact in coming months.

“The long-run prospects for the Australian economy have not deteriorated to the extent that some people may presently be feeling,” he said. “We do have reasonable grounds for some quiet confidence about the future, however bad the storm at present.”

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