Search Results for 'Australia'

Pakistan-Australian agriculture linkages celebrated

To celebrate agricultural linkages between Pakistan and Australia and to welcome the Australian Centre for International Agricultural Research (ACIAR) team headed by Dr. Nick Austin, the high commissioner of Australia Tim George hosted a [...]

Posted On : Dec, 16 2011 | Comments : 0

Australia's banks upbeat despite downgrade by S&P

None of the other big four banks commented on their funding requirements, although National Australia Bank said further improvement in its capital ratios "is a near-term objective". Investment bank Macquarie Group, which was [...]

Posted On : Dec, 02 2011 | Comments : 0

Australia central bank holds rates steady

The dovish views from the Reserve Bank of Australia, one of the most aggressive central banks to tighten policy in the wake of the global financial crisis, illustrates that Australia’s once-in-a-century mining boom isn’t enoug [...]

Posted On : Jul, 06 2011 | Comments : 0

RBA Warns Australian Banks Lowering Mortgage Lending Standar...

The central bank is warning that Australian lenders have begun to lower their mortgage lending standards as they seek to achieve the turbo charged pre financial crisis growth rates, an objective the RBA says is unrealistic. The Rese [...]

Posted On : Mar, 28 2011 | Comments : 0

Banks Consider Australia Flood Costs

Australian government officials have begun tapping bankers for advice on how to meet flood costs that could total 15 billion Australian dollars (US$14.8 billion) in Queensland, a region that accounts for a fifth of the nation's econo [...]

Posted On : Jan, 17 2011 | Comments : 0

Australian Top Banks May Gain From Swan's Reforms

Australia’s four largest lenders, led by Commonwealth Bank of Australia and Westpac Banking Corp., may emerge as victors from Treasurer Wayne Swan’s package to promote banking competition, analysts and academics said. Co [...]

Posted On : Dec, 13 2010 | Comments : 0

Australian Banks Fight Back Against Criticism Over Independe...

Australian lenders are fighting back against criticism that their lending rates may be increased beyond the scope of the official rise in interest rates undertaken by the Reserve Bank of Australia, which could take place as early as next [...]

Posted On : Oct, 04 2010 | Comments : 0

Australian Central Bank Leaves Rates Unchanged

As it was highly anticipated, the Reserve Bank of Australia left the target cash rate unchanged at 4.5% at its Tuesday meeting. The statement by the Governor Glenn Stevens cites the uneven global growth, European sovereign debt iss [...]

Posted On : Jul, 06 2010 | Comments : 0

Stocks to watch on the Australian stock exchange at Close

Stocks to watch on the Australian stock exchange at close: BEN - BENDIGO AND ADELAIDE BANK LTD - up nine cents to $9.87 Bendigo and Adelaide Bank has followed the major banks and increased its variable home and business loans by 25 basis [...]

Posted On : Mar, 04 2010 | Comments : 0

Oil Spill Off West Australia Appalling, Rudd Says

An oil spill from a leaking PTT Exploration & Production Pcl field that’s threatening marine life off Australia’s far north-west coast is “appalling,” Prime Minister Kevin Rudd said. “It’s appal [...]

Posted On : Aug, 31 2009 | Comments : 0

FOCUS: Australian Banks Want Govt Guarantee To Stay For Now

Despite improving credit markets, Australia's banks are in no hurry for the government's wholesale funding guarantee to be wound back anytime soon, and say an exit strategy can only be implemented on an internationally coordinated basis. S [...]

Posted On : Jun, 25 2009 | Comments : 0

New airline begins service between Los Angeles and Australia

A new airline started by flamboyant British billionaire Richard Branson inaugurated service between Los Angeles and Australia on Friday, the latest volley in a transpacific fare war that has already cut the price of a round-trip ticket by [...]

Posted On : Feb, 28 2009 | Comments : 0

WRAPUP 1-Australia bank lending shrinks, deep rate cut seen

Australian private sector credit shrank for the first time since 1992 in December as foreign banks cut lending to local companies amid the global credit crunch, backing expectations of a big interest rate cut next week. A weakening housing [...]

Posted On : Jan, 30 2009 | Comments : 0

Australia air force wants to borrow airline pilots

CANBERRA, Nov 27 (Reuters) - Australia's air force hopes to borrow pilots from civilian airlines, including flag carrier Qantas, to contain personnel shortages that have also seen much of the country's navy sent on holidays, the government [...]