RBA - The Reserve Bank of Australia

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THE NEWS WRAP: Amazon reports significant profit dip

7:14AM | Wednesday, 27 July 2011 |  Amazon has reported a significant dip in profits, despite its sales soaring by 51% in the previous quarter.

Australian Bankers’ Association rejects call for credit card surcharging cap

7:27PM | Tuesday, 26 July 2011 |  The Australian Bankers’ Association has rebuffed a proposal to cap the surcharge fees imposed by credit card customers, much to the dismay of EFTPOS payment platforms.

“Perfect storm” pushing Aussie households into recession: Report

7:23PM | Tuesday, 26 July 2011 |  Australian households are in recession, a new report claims, as a multitude of economic factors create the “perfect storm” to drive down consumer sentiment.

Westpac flags interest rate cut but other banks uncertain

7:44PM | Monday, 18 July 2011 |  Westpac is predicting a 1% cut to interest rates, putting it at odds with the other major banks, as low consumer sentiment continues to hurt business confidence.

Consumer sentiment plunges amid carbon tax and rates fears

7:40PM | Wednesday, 13 July 2011 |  Consumer sentiment has hit a two-year low as concerns escalate about the European financial crisis, the ongoing impact of interest rate rises and the carbon tax.

Rates remain on hold as business conditions hit 13-year low

7:06PM | Tuesday, 5 July 2011 |  Interest rates have remained on hold for yet another month, the Reserve Bank announced yesterday, but the lengthy hold-off appears to be contributing to the pressures faced by business.

Interest rates biggest worry for business: Dun & Bradstreet

7:06PM | Tuesday, 5 July 2011 |  Interest rates remain the primary cause of concern among company executives according to the latest Dun & Bradstreet survey as businesses wait for the Reserve Bank to make its next move.

THE NEWS WRAP: ACCC backs franchise dispute shake-up

7:56AM | Tuesday, 5 July 2011 |  Outgoing ACCC chief Graeme Samuel has backed improved dispute resolution measures for the franchise sector.

Retail sales fall 0.6% in May as consumers anticipate rate rise

7:56PM | Monday, 4 July 2011 |  Retail sales unexpectedly fell 0.6% in May according to the Australian Bureau of Statistics as consumers adopt a wait and see approach to spending while they await the next interest rate rise.

Micro business focus helps extend Westpac lead over rivals: DBM

6:00AM | Tuesday, 21 June 2011 |  Westpac has extended its lead on the other major banks due to improved ratings in the micro business market, according to the latest DBM Business Financial Services Monitor.
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