The Aussie dollar fell to a four year low of US 86.43¢ last Friday, dropping by nearly US 8¢ for the month of September, as the US dollar is expected to rise due to stronger job data.
The Reserve Bank is pushing for further drops in the local currency, saying that the lower dollar will help […]
Plans to meet the global target of 2% growth is underway as over 900 policy initiatives are set to add $2 trillion to the world’s economy, according to G20 finance ministers who gathered for the recently concluded G20 Finance Summit in Cairns.
Treasurer Joe Hockey has praised the G20, stating that they have “embraced a once […]
The Interest Rate is currently pegged at its lowest level in history, and while the RBA is set to deliberate its fate later, here are the 10 things you need to know about the current Interest Rates:
The current Interest Rate is 2.5%.
It is at the lowest level in history.
The Interest Rate was cited as a […]
The financial year has come to an end and it is but fitting that we provide you with predictions from top economists on what to expect for the year ahead.
Sharemarket predictions. NAB Chief economist Alan Oster expects sharemarket success to continue after ending the financial year up by 12%. He is predicting a 10% increase, […]
Credit Suisse has entered a guilty plea to tax evasion, the first time for a major bank in 20 years for assisting clients evade United States taxes. The $2.81 billion fine is the largest penalty slapped in any tax case in history.
The United States Deputy Attorney General has investigated Credit Suisse’s use of illegal offshore […]
Bill Gates is the world’s richest person, currently valued at $US120 billion. Financial forecasts show that Mr. Gates is expected to be the world’s first trillionaire in 25 years time with the assumption that their fortunes grow at their current rate. Investment bank Credit Suisse even believes that within two generations, the world will have […]
US tech stocks plummeted to two year lows on Thursday, causing investors to draw their own speculations. Swiss investor Marc Faber went as far as saying that the recent stock drops are going to send ripples and cause a stock market crash – even worse than the one experienced in 1987.
He argued that technology stocks […]
A new term is emerging for businesses for all shapes and sizes. Forget the days when businesses were built to trample the competition. Co – opetition is promoting arrangements between companies where they can access information and key practices and strategies from a competing business to survive in the market.
Co – opetition is thriving for […]
The Reserve Bank has announced their decision to scrap bank regulations for credit card issuers, paving the way for competitors to issue their cards directly to consumers. This is set to take effect by the end of the year.
11 competitors are eyeing to become direct issuers of credit cards in the country. Newer payment providers […]
The unemployment rate was unchanged for last month but surprisingly, new jobs were added to the economy. 80,500 full – time jobs were added and 33,300 part time positions were scrapped. These changes for last month made February the second highest growth month on record.
The trend points to more growth in full time positions, showing […]