Eftpos hub begins testing

Eftpos Australia says it has passed some milestones in the build of its new hub with two members now connected and testing expected to begin soon. read more

Treasury bond issuance will reduce

Treasury bond issuance in 2014/15 is expected to be around A$63 billion, the Australian Office of Financial Management said yesterday. This is down from the approximately $80 billion, in face value te.. read more

Budget cuts won't restrain need to borrow

The supply of Commonwealth government bonds will be barely affected by last night's Budget. The face value of Commonwealth bonds on issue during 2014/15 is forecast to remain at around A$360 billion,.. read more

GE picks new president

Geoff Culbert will take over as president and chief executive of GE Australia & New Zealand, replacing Steve Sargent. read more

Driving forward at ingogo

Taxi bookings challenger ingogo claims to already have a market share equal to one tenth of that of the industry's leading provider, Cabcharge. read more

Bank wholesale funding getting cheaper

Much of the stress imposed by the onset of the financial crisis six years ago has washed through the system, with the bonds of major banks trading at spreads approaching as low a point as at any time.. read more

Swap fuss erodes UK profit

Fixed-rate, or "tailored" business loans, many dating back to National Australia Bank's aggressive growth in the mid 1980s, have emerged as the latest drag on the bank's UK earnings. read more

Clarification: Rural Finance Corp

Bendigo and Adelaide Bank - which is buying Rural Finance Corp of Victoria from the state government - point out that fewer than 10 per cent of loans of Rural Finance Corp are provided on a concession.. read more