THE Reserve Bank of Australia (RBA) has left the official cash rate unchanged at 6.75 per cent, leaving it up to commercial banks and lenders to turn the screws on homeowners
THE RBA has entered the information age and will publish the minutes of its board meetings each month to help Australians understand how it sets interest rates.
CANADA'S central bank lowered its key lending rate by a quarter point to 4.25 per cent on concerns that a soaring Canadian dollar, US economic woes and tighter credit may curb Canadian exports.
TOP executives from four of the world's biggest banks told British MPs overnight that errors were made during the recent credit-market crunch but said they had not been reckless or failed to tell clients of risks.
BHP Billiton's disastrous foray into iron-making in the Pilbara is continuing to haunt it after the tax office slugged the mining giant with a $734 million tax bill on its abandoned Boodarie hot briquetted iron plant.
A FUTURES market in carbon emissions trading could be worth several hundred billion dollars, ASX emerging markets general manager Anthony Collins says.
THE world is enduring a third "oil shock" as crude prices trade at record levels close to $US100 a barrel after a sustained surge over the past three years, according to economists.
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DEEPENING divisions among developed countries over climate change policy threaten to derail the Bali climate talks and may pressure Kevin Rudd to make an early declaration on mandatory national emissions targets.
FIRST Peter Garrett had climate change yanked from his portfolio, now the new Minister has been banned from answering questions on the matter in Parliament.
ING Australia is poised to go neck and neck with AMP as the nation's biggest distributor of financial advice, after acquiring independent financial planner FSP Group.
AFTERSHOCKS from the US sub-prime and global credit crunch are expected to drag on Australia's economic growth and deliver temporary downside risks for equities, Credit Suisse has warned.
THE long-running saga for control of Perth-based chrome steels miner Consolidated Minerals appears to be over, with Ukrainian outfit Palmary Enterprises set to seize control for the lofty price of $1.15 billion.
