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Credit growth in Australia turned negative during December 2008, and for the first time since 1992 and the tail of the early 1990s economic downturn according to credit aggregates published by the Res.. read more

Whether it is the introduction of the government guarantee, canny pricing or the result of the success of longer term business plans it is hard to say, but there are some distinctive winners in the qu.. read more

The Future Fund tipped another $3.5 billion into debt securities over the December 2008 quarter to take its holdings of this asset class to $9.0 billion, the quarterly investment update published on F.. read more

The Corporations and Markets Advisory Committee recommended the government not intervene to overturn the effect of the High Court's Sons of Gwalia ruling, which ranks shareholders beside unsecured cre.. read more

Woolworths will not be able to make its contactless payment mechanism at fuel pumps the only pay-at-pump option at petrol stations it controls under a draft notice published yesterday by the Australia.. read more

The Australian Competition and Consumer Commission, in a decision that jars with the ruling in relation to Caltex and Woolworths, changed its mind over a much smaller planned contactless payment syste.. read more

There's some relief for borrowers in New Zealand and perhaps even more relief for banks, which may get to restore interest margins, following the decision of the Reserve Bank of New Zealand this morni.. read more

Aussie Home Loans will retire the Wizard Home Loans brand, with the franchised outlets rebranded, the Financial Review reported. Aussie negotiated the purchase of Wizard from GE Money in late December.. read more

EDS and Westpac are catching up on the backlog in processing mortgage applications at the processing centre at Lockleys in Adelaide. read more

National Australia Bank may get about half its money back from a loan to troubled British fund manager New Star. read more