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Customers transaction accounts debit cards involved in the data breach at Target are being reissued.
21 January 2014
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Citibank is the second major bank to reissue all customers’ transaction account debit cards since the breach at Target last month.
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Avoid Christmas debt with our top tips when it comes to loans and credit cards
20 December 2013
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Following some simple steps and tips will help you avoid Christmas debt and ensure your keep your loans and credit cards under control this festive season.
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Non-bank lenders hold market share of mortgage and home loan lending
20 December 2013
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As the home loan market continues to soar, smaller, non-bank lenders are securing a large share of mortgage customers.
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Investec to offer bespoke personal banking solutions including credit cards, car loans and mortgages
05 December 2013
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As part of Investec's new offering, the bank will offer bespoke personal banking solutions for advisers including residential mortgages and investment property, car loans and premium credit cards.
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Westpac is the main provider for payday loan lender Cash Converter
29 October 2013
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It has been reported that Westpac is the main provider for most of the capital that allows Australia’s biggest payday loan lender to charge high interest rates
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Savings and Investments: Financial experts suggest you "Pay yourself first"
12 September 2013
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What does "pay yourself first" really mean and does it work? Financial experts suggest ways to for you to save your money without noticing.
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Personal loan commitments fell 2.7% in June
19 August 2013
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Official figures have shown that personal loans have fallen by 2.7% since June 2013 whilst total commercial loans in June rose 11.5%.
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More Australians are having trouble paying back their debt
12 August 2013
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Just under 10,000 Australians filed debt agreements in the 12 months to June 30, up nearly eight per cent on this time last year.
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Increase in bad debt among miners over the next year
06 August 2013
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Based on a survey undertaken by UBS, Australia’s banks are expecting an increase in bad debt from mining and mining services.
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Mortgage demands outpace other forms of credit and reaches 3 year high
03 August 2013
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Veda announces mortgage applications have surged by an annual rate of 6.9% suggesting better housing market conditions
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Stereotyping gender and age is unfair when it comes to car insurance
30 July 2013
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In a recent study, it has been revealed that drivers aged 17 to 25 are among the best on the road, proving stereotyping is unfair when it comes to car insurance.
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Record vehicle sales in June
15 July 2013
Mark Maffia

Australia's vehicle sales have risen by four percent to the highest in 10 months

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China: Sluggish growth continues
10 June 2013 13:00
Mark Maffia
China is about to enter the second quarter in a row with slowed-down growth, raising concerns about the possibility that its economy might be worse than expected.
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A further 500 jobs are cut at Holden
08 April 2013
Mark Maffia
It is car manufacturer Holden’s biggest job cut since the global financial crisis and the first time they have announced in public such a large-scale redundancy for their engineers. For the workers, the announcement came as a total shock.
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IMF Releases World Economic Outlook
11 October 2012 18:00
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The International Monetary Fund downgraded its expectations for growth in the world economy to 3.3% this year down from a 3.5% estimate seen in July. The agency forecasted the global economy will grow by 3.6% in 2013, again down from a July prediction of 3.9% and an April forecast of 4.1%.
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Carr Tells New York Australia’s Future Lies Beyond Its Mines
25 September 2012 16:00
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Australian Foreign Minister Bob Carr has told a gathering of Asian and American business leaders in New York that Australia’s economic future lays beyond its mines and beyond China.
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Australia Economy Slows
07 September 2012 13:00
Mark Maffia
According to a Bureau of Statistics report, Australia’s economy slowed last quarter because of rising imports and weaker housing.
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Is Australia’s Mining Boom Over?
23 August 2012 20:00
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Australia’s Resources Minister today said that the resources boom was over saying that what followed were tough times for the country’s economy which has been powered by the mining sector for over ten years.
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RBA Keeps Interest Rates On Hold
08 August 2012 18:00
Florence Fullalove
The Reserve Bank of Australia has kept the interest rate on hold at 3.5% in the month of August for a second consecutive month. Australia’s central bank did so because there was no catalyst for lower rates coming either from Europe or from the weakness in the global economy.
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Will China’s Slow Down Affect Australia?
03 August 2012 23:00
Phoebe Robinson
After a data release on Wednesday news followed that there are signs of broad decline in Asia’s export dependent manufacturing sector, which has faced pressure from the flaky US recovery and a downturn in the eurozone’s critical economic situation.
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Australian Dollar Climbs Thanks To Haven Status
02 August 2012 03:00
Lucy Williams
The Australian dollar has made gains as the currency is considered a safe haven. The currency continues to climb against other major currencies including the US dollar and the Euro despite sharp declines in commodity prices especially in resources such as iron ore and coal.
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Declines In Australia’s Mining Investment Hits Economy
31 July 2012 02:00
Lucy Williams
A recently released report suggested that just 25 percent of Australia’s mining companies are planning on investing this year. There has been speculation that the country’s mining boom will slow and could potentially be over within the next two years fuelling concerns for the Australian economic recovery.
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Will The Boom Last?
30 July 2012 00:20
Phoebe Robinson
There has been warning that Australia’s mining boom will slow more sharply than expected and could be over within two years due to easing lessening demand from China and falling prices, a leading economic forecaster announced last week. Australia’s strong exporting relationship with the Asian nations mainly China has allowed them to avoid recession and stay above the global crisis. However Australia’s leading private-sector budget forecaster Deloitte Access Economics said that the surplus plans could be ruined as China slows with coal and iron prices now dropping from peak points.


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Australian Economy Continues To Survive
27 July 2012 12:30
Phoebe Robinson
There have been so worries over the outlook for the Australian mining industry have intensified recently as commodity prices have fallen which is affecting profits of companies involved in iron ore, coal and other resources.


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Concerns Over Eurozone Ease Strengthening Australian Currency
26 July 2012 02:00
Lucy Williams
The Australian dollar has witnessed improvements thanks to easing worries over the European financial crisis.
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Canada’s Summer Outlook Reviews The Global Economies
25 July 2012 02:30
Phoebe Robinson
This July marks the third anniversary of the economic recovery that came after the 2008 financial crash and the recession that pretty much affected the whole world. It has been a very quiet economic recovery and this is especially true for the more advanced countries.
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Australian Economy Stays Resilient
24 July 2012 03:00
Lucy Williams
Despite global shocks felt by economies all round the world Australia stays strong and continues to show signs of growth.
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The Australian Dollar Surges
19 July 2012 02:00
Lucy Williams
The Australian dollar is reaching all-time record highs against its rival currencies including the euro and US dollar. Against the US dollar the AUD has increased to its highest level since May.
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Australian Unemployment Rises By 5.2%
17 July 2012 01:00
Lucy Williams
With the Australian economy going from strength to strength Australian Prime Minister declares that other G20 leaders are envious of Australia’s economic situation stating that "It's one of growth, it's one of continuing low unemployment, it's one of strong public finances and it's one of strong banks.”


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Decline In China’s Growth Affects Australian Exports
13 July 2012 02:00
Lucy Williams
China, the world’s second largest economy, has slowed to its weakest pace in three years, resulting in the Australian dollar showing further weaknesses.
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Were Interest Rate Cuts Effective?
10 July 2012 21:30
Phoebe Robinson
There were server interest rate cuts by the Bank of Australia in the previous two months of May and June. Though these cuts had the intention of sparking recovery for business, it seems this has failed.
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Global Economic Problems Persist Weakening The Australian Dollar
09 July 2012 02:30
Lucy Williams
The US economy has once again witnessed further problems as the US nonfarm payrolls report showed lower results than had been expected and an unchanging unemployment rate which remains at 8.2 percent. This news has weakened the Australian dollar, along with the markets becoming nervous over the increasingly weak US economy.

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Australian Economy Rockets Boosting The AUD
05 July 2012 02:00
Lucy Williams
Analysts were surprised to see a surge in the Australian economy as Gross Domestic Product (GDP) rose today by 1.3 percent resulting in the strengthening of the Australian dollar. The AUD increased by almost two-thirds of a cent meaning the apparent urgent need for further cuts in interest rates became less crucial.



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Australia’s Booming Economy Must Be Cautious
03 July 2012 02:00
Phoebe Robinson
There are worries over the dependency of the Australian economy on the Chinese economy. Forecasters have said that the central bank is likely to have to cut rates harshly in order to protect the resource-rich nation from having an economic slowdown similar to those in Europe such as Spain and Italy whose disastrous economic situation is having a backlash on the global economies.


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How Long Will Australia Stay A Economic Micro Climate?
29 June 2012 23:30
Phoebe Robinson
Australia seemed to be the only country that was keeping its head above the water, managing to get by barely affected by the global economic crisis which has been triggered in Europe. However People have started to doubt how ‘in the clear’ Australia actually is.
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Looking Good For The Australian Property Market
25 June 2012
Phoebe Robinson
It has been predicted that a two –tiered residential property market will develop in Australia in the next few years.
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Australian Dollar Slips
21 June 2012 14:00
Phoebe Robinson
The Australian dollar is slipping as information over the slowdown of the Chinese economy
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Australian Prime Minister Suggests Eurozone Economies do it “The Australian Way”
18 June 2012 01:00am
Phoebe Robinson
The Australian Prime Minister prior to the G20 meeting has announced her solution to the Eurozone crisis and elsewhere is the need to focus on growth.
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Australian Consumer Confidence Wavering
13 June 2012 19:00
Florence Fullalove
According to the Westpac/Melbourne Institute Consumer Sentiment Index, Australian consumer confidence is shaky despite interest rate cuts as the survey showed a rise of only 0.3% to 95.6 points in June.
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Gillard Say Mining Is “Strong Right Arm” Of Australia's Economy
30 May 2012 20:00
Victoria Wedderburn
Prime Minister Julia Gillard has said that Australia’s mining industry is the “strong right arm” of the economy, supporting hundreds of thousands of jobs and the sector would benefit in coming years.
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OECD Say Mining Boom Will Continue To Boost Australian Economy
28 May 2012 15:00
Florence Fullalove
The Organisation for Economic Cooperation and Development has said that Australia will continue to see the benefits of the mining boom in its latest Economic Outlook.
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World Bank Says China Slowdown Threatens Australia
23 May 2012 15:00
Mark Maffia
The World Bank has said Australia’s economy could be at risk as the debt crisis in Europe threatens China’s export markets.
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Treasury Secretary Says Australia Is Well Placed To Deal With Weak Growth
16 May 2012 14:00
Mark Maffia
Australia’s Treasury Secretary, Martin Parkinson, has said that Australia’s central bank is equipped to respond to sluggish growth and the economy will survive one of the tightest budgets seen in years.
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RBA Expects Inflation To Remain Contained
14 May 2012 23:00
Florence Fullalove
The Reserve Bank of Australia said today that it expects inflation to remain contained over the coming years. The central bank highlighted the two-speed economy, saying growth in sectors not benefitting from the mining boom will likely continue to struggle.
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Australia’s Budget – Cuts In Defence Spending And Foreign Aid
09 May 2012 17:00
Florence Fullalove
Australia’s government have presented its budget saying it will cut back in defence spending and scale back increases in foreign aid that it had promised. Deputy Prime Minister Wayne Swan outlined spending cuts to achieve a 1.5 billion Australian dollar budget surplus in the fiscal year starting on July 1st.
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RBA Lowers Growth Forecast As Economy Softens
04 May 2012 17:00
Victoria Wedderburn
The Reserve Bank of Australia has cut its growth and inflation prediction as non-mining sectors struggle under the weight of a high Australian dollar. The bank said overall growth had been weaker than expected.
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RBA To Cut Outlook For Australia’s Economic Growth?
30 April 2012 16:30
Jack Stupple
The Reserve bank looks set to cut its outlook for economic growth as Australia’s inflation rate plummets making the government’s anticipated budget surplus more difficult to achieve.
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Australia’s Two Speed Economy To Widen
25 April 2012 11:00am
Florence Fullalove
A new report from Deloitte Access Economics suggests that the gap between the mining industry and the economy’s slow lanes will widen further this year, as the economy is set to become more lopsided.
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IMF Expects Australia’s Economy To Expand By 3% In 2012
19 April 2012 00:00am
Crage Campbell
In its latest World Economic Outlook report the International Monetary Fund has forecast growth for Australia of 3% in 2012 and 3.5% in 2013.
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Australia’s Largest Trading Partner Slowing
17 April 2012 01:30am
Crage Campbell
New figures from the National Bureau of Statistics show that China’s economy is growing at its slowest pace in three years as gross domestic product rose 8.4% from a year earlier after an 8.9% increased in the fourth quarter.
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Australia’s Economy Adds 44,000 Jobs
13 April 2012 05:00am
Victoria Wedderburn
According to the Australian Bureau of Statistics, Australia’s unemployment rate came in at 5.3% in March as the economy added 44,000 jobs that month.
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National Australia Bank Cut Growth Forecast For Economy
11 April 2012 05:00am
Florence Fullalove
One of Australia’s biggest banks have downgraded their economic growth forecasts as worries mount over rising unemployment added to a weak showing in Australia’s economy so far this year.
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Australia And New Zealand To Adopt Single Currency?
05 April 2012 09:00am
Mark Maffia
The productivity commissions of Australia and New Zealand have suggested that a shared Trans-Tasman currency could lower business costs.
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RBA Say It May Resume Cutting Interest Rates
04 April 2012 01:00am
Mark Maffia
Australia’s central bank hinted today that it may resume cutting interest rates as early as May if weaker than forecast growth slows inflation.
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Australian Housing To Affect Growth
03 April 2012 07:00am
Jack Stupple
The Australian Bureau of Statistics has said that the number of houses and apartments approved for construction dropped 7.8% in February from January and were down 15.2% on the same month last year.
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Slowdown In China Could Damage Australia’s Economy
31 March 2012 09:00am
Jack Stupple
If China’s economy contracts or weakens, as Australia has so much invested in China doing well, it could lead to major problems for the Aussies.
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RBA Release Report Into Stability Of Australia’s Financial System
29 March 2012 00:00am
Mark Maffia
Australia’s central bank said that Australian banks were in relatively good shape although conditions differ across the economy.
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Dow CEO – Australia Showing Signs of Downturn
28 March 2012 00:30am
Florence Fullalove
Dow Chemical’s CO’s chief executive Andrew Liveris said that he sees signs of a coming downturn in the Australian economy, stating that jobs growth and overall competitiveness are declining.
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Gillard Facing Mounting Challenges After Landslide Defeat
27 March 2012 02:00am
Mark Maffia
Australian Prime Minister Julia Gillard is under increasing pressure after the Labor party suffered a landslide poll defeat in Queensland.
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Australian Resource Exports Slowing
22 March 2012 03:30am
Victoria Wedderburn
The Bureau of Resources and Energy Economics has said that Australia’s mineral and energy exports are expected to rise at a slower pace of 4.6% to 208.32 billion Australian dollars over the next fiscal year.
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Australia Falling Behind In Carbon Cuts
20 March 2012 22:00
Mark Maffia
A study released by the Climate Institute has ranked Australia 16th out of 19th countries in being ready to deal with a low-carbon world.
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RBA Governor - Australia's Economy Healthy But More Needs To Be Done
19 March 2012 21:00
Florence Fullalove
The Governor of the Reserve Bank, Glenn Stevens, has said in a speech at an investment conference in Hong Kong that Australia’s economy was stable but more restructuring is needed in order to boost productivity.
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Draft Laws To Cut Tax For Australian Businesses
16 March 2012 01:00am
Crage Campbell
Treasurer Wayne Swan has released draft laws to reduce the corporate tax rate for both small and large companies.
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Australian Home Loans Fall 1.2%
14 March 2012 01:00am
Jack Stupple
The Australian Bureau of Statistics have said that the number of home loan approvals has fell by 1.2% in January to 47,768 putting an end to a nine-month series of rises.
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Treasurer Says Australia Must Find “Significant Savings” In Budget
12 March 2012 09:30am
Florence Fullalove
Australia’s Treasurer said his government remains committed to returning the national budget to surplus next fiscal year despite the task becoming more difficult with slower than expected economic growth.
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Australia’s Economy Expands 0.4%
07 March 2012
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According to the Australian Bureau of Statistics, Australia’s economy expanded in the final quarter of 2011 by only 0.4% as a result of slowing business spending and a drop in household spending.
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Australia Keeps Interest Rates On Hold As Eurozone Threat Remains
06 March 2012
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The Reserve Bank of Australia has kept interest rates on hold as the situation in Europe remains a potential threat sending the nation’s currency to the lowest level in nearly 2 weeks.
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Australia Service Index Drops To 46.7 In February
05 March 2012
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Australia’s services sector saw a sharp decline in February as the Performance of Services Index (PSI) retreated by 5.2 points to 46.7 hitting a 12 month low.
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Australia’s Economic Growth Expected To Slow
02 March 2012
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Economists have said that the rate of growth in Australia is expected to have slowed at the end of last year.
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Australia’s Retail Sales Rise 0.3 %
29 February 2012
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Australian retail sales rose a predicted 0.3 % last month as a rise in eating out helped offset softness in household goods.
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Gillard Wins Vote Of Confidence 71 To 31
27 February 2012
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Prime Minister Julia Gillard was victorious today, safely winning a vote of confidence over former Prime Minister and foreign minister Kevin Rudd.
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Wage Growth in Australia Accelerates
22 February 2012
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According to the Australian Statistics Bureau, the wage price index, which measures hourly pay rates but excludes bonuses, exceeded expectations where it rose 1 % in the last quarter of 2011.
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RBA Unlikely To Cut Interest Rate Unless Economy Weakens
21 February 2012
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The Reserve Bank of Australia looks set to keep interest rates on hold at 4.25 % unless there is an unexpected weakening in the economy or the situation in Europe worsens.
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Leadership Uncertainty To Damage Economy?
20 February 2012
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The Australian Chamber of Commerce and Industry has said that the current speculation that Foreign Minister Kevin Rudd could challenge Gillard for the Prime Minister position poses a serious risk to the economy.
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Australia Needs To Be More Optimistic About Economy
17 February 2012
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Treasury boss Martin Parkinson has said that the outlook for Australia’s economy is “incredibly promising.”
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Biggest Australia Jobs Gain Since 2010
16 February 2012
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Australia added the most workers in 14 months in January and to add to the good news the unemployment rate unexpectedly declined to 5.1 %
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IMF - Australia’s Mining Boom Will Continue To Grow
15 February 2012
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The International Monetary Fund said today that investment in Australia’s mining boom will continue to grow if China’s economy avoids a “hard-landing.”
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Gillard - Australia’s Economy Remains Sound Despite Job Cuts
14 February 2012
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ANZ, Australia’s third largest bank, becomes the latest major company to announce job losses, saying it will shed 1000 workers because of economic difficulties.
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Australia Feeling Repercussions Of Global Slowdown
13 February 2012
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According to Treasurer Wayne Swan, Australia is feeling the repurcussions of a global slowdown as emloyers are unwilling to hire new staff thanks to European uncertanity. Elsewhere in the news Gillard loses her lead over Abbott.
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Australian Business Conditions Strengthen
09 February 2012
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A quarterly survey produced by the National Australian Bank (NBA) showed that Australian business conditions strengthened in the last quarter of 2011 thanks to improved sales, profitability, trading conditions and employment.
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RBA Keeps Interest Rate At 4.25 %
08 February 2012
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The Reserve Bank of Australia (RBA) has put the official interest rate on hold indefinitely amid renewed optimism of the European crisis and a strengthening mining sector.
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Australia’s Trade Surplus Soars To Record Highs
02 February 2012
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Australia’s currency is currently enjoying a five month high as its trade surplus reaches record highs thanks to coal and iron ore shipments in 2011.
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Australian House Prices Fall Again
01 February 2012
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The Australian Bureau of Statistics released data that showed the price for houses fell 1 % in the December quarter and by 4.8 % in 2011.
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Australia's Economy Battleground For Gillard and Abbott
31 January 2012
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Julia Gillard and Tony Abbott have both outlined their proposals to increase economic growth. Both claim to have the solution.
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"Excessive Pessimism" Is Damaging Australia’s Economy
30 January 2012
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Wayne Swan, Federal Treasure has argued that “excessively pessimistic” reporting of Australian economic indicators is the reason for poor local confidence.
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Australia's Forecasts Factor In European Recession
25 January 2012
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Australian Treasurer Wayne Swan said today that Australia’s economic forecasts have factored in a European recession and a considerable decline in global growth.
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Australia’s Economy Set to Advance Despite “Eurogedden” Warnings
23 January 2012
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Research firm, Deloitte Access Economics has said that Australia’s economy it set to advance in 2012 as inflation lifts to the middle of the central bank’s 2 % - 3 % target range as a result of resource investment driving growth.
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Australia Reports Worst Job Losses in 20 years
20 January 2012
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Today, a report emerged that more jobs were lost than created in any year since 1992 with a zero job growth seen last year as a result of total employment falling 293,000 to 11,421,300 in December.
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Economy Secure Despite World Bank’s Warning
18 January 2012
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The World Bank has slashed its global growth predictions for 2012 by just under half amid warnings of a worldwide recession. It has severely cautioned richer nations that debt problems could lead to a financial crisis worse than what was experienced in 2008.
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Aussie Hurt by S&P’s Wave of Rating Downgrades
16 January 2012
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One of the biggest European powers, France, had its high AAA rating stripped causing the Australian Dollar to drop half a cent after the announcement from the ratings agency.
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Growth in Australia’s Economy Subdued
05 January 2012
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Poor household spending has found Australia’s service sector seriously struggling despite admirable performance by business and property service during December last year.
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Australian Dollar Decline Amid Eurozone Crisis
22 December 2011
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The Australian currency dropped ending a two-day advance; amid concerns the European Central Bank’s measures to boost liquidity may not halt the region’s debt crisis.
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Living Standards and Economic Growth Threatened by Housing Shortage
21 December 2011
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In the most recent report from the National Housing Supply Council, the gap between housing supply and demand increased by 28,000 homes over the last year. This leaves the shortfall of dwellings across Australia at 186,000, which has stirred concerns over the affect on living standards and economic growth.
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Australian Stockmarket Falls on Eurozone Fatigue and Mining Losses
20 December 2011
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Following a volatile session, the Australian stockmarket closed lower following mining losses and the ‘fatigue’ of the eurozone debt crisis continued to weigh on investors’ sentiment. After wavering between small gains and losses through the session, the benchmark S&P/ASX 200 index closed down 0.2% at 4053.10.
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Stockmarket Suffers as Retailers Slide
19 December 2011
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The Australian stockmarket saw sharp falls as the retail sector reports the second set of gloomy figures as well as Kim Kong-il, leader of North Korean Communist state dying from a heart attack yesterday.
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Australian Stockmarket See Slight Gains
16 December 2011
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Aussie shares closed with mild gains, although some retailers posted sharp losses after a gloomy update from JB Hi-Fi, the benchmark S&P/ASX 200 index rose 0.5 per cent to 4159.20.


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Australian Market See Losses as Miners Fall
15 December 2011
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The Australian sharemarket fell sharply as the mining sector stocks performed poorly. Commodity prices took a big hit from the eurozone debt worries. This saw the benchmark S&P/ASX 200 index lose 1.2%, taking it down to 4142.30.
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Australian Stockmarket Falls in Volatile Session
14 December 2011
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The Australian stockmarket saw losses at close of a volatile trading session following news from the US Federal Reserve that interest rates are being held steady, indicating no new stimulus measures for now. The benchmark S&P/ASX 200 index lost 0.1% throughout the trading day, closing at 4190.50.
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Australian Stocks Close Lower as Europe Weighs on Markets
13 December 2011
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THE sharemarket closed firmly lower today after a global selloff that came as ratings agencies weighed in with their views on last week's European Union summit.


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Australian Stockmarket Loses 1.8%
09 December 2011
Which Way to Pay
Following the announcement from the European Central Bank that they are not going to buy any more bonds and as the European Union summit sent out mixed signals, the Australian sharemarket was down by 1.8% by the end of trade. The S&P/ASX 200 index finished the day at 4203.00.


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