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| | | ... early interest rate rise looks increasingly unlikely. Sydney plunged 1.85 per cent, or 109.9 points, to 5,838.6, with big banks leading the decline as hopes of another interest rate cut waned. Seoul closed 0.23 per cent lower, giving up 5.04 points to ... |
| | | | The share market has opened lower as expectations of a delayed cut in interest rates weigh on the major banks. Firmer commodity prices had boosted some mining stocks, while a stronger Australian dollar had been a negative for some healthcare stocks ... |
| | | | ... economic-rescue initiatives get off the ground". Citing unidentified officials, the WSJ reports that the PBOC "will allow banks to swap local-government bailout bonds for loans". This would give the Australian dollar an extra boost. So will the RBA if ... |
| | | | The share market has retreated from the 6,000 point mark following a weak lead from Wall Street. Australia's big banks and miners are down, a day after the local market reached a two-week high. Australian Stock Report head of research Chris Conway said ... |
| | | | ... as record low interest rates force them to take on riskier investments, Reserve Bank governor Glenn Stevens says. Central banks around the world have lowered their interest rates to stimulate their economies, causing yields on safe investments such as ... |
| | | | ... would be protected because the government should legislate to ensure these reverse mortgages, which could be provided by banks and super funds, have fee caps, loan valuation limits and guarantees pensioners will never be forced to sell their home. "Unlocking ... |
| | | | ... seen in developed countries since the financial crisis," he said. "We're in the middle of a great experiment where central banks are using up every tool they have to generate growth. "We believe that at some point bond markets will sell-off and having ... |
| | | | ... $1.35, or 2.3%, to $59.14 while Fortescue lifted 18 cents, or 8.1%, to $2.39. A moderate lead from Wall Street helped the big banks, with the Dow Jones Industrial Average up 0.12 per cent and the S&P 500 up 0.23 per cent. Commonwealth Bank lifted 48 ... |
| | | | ... 2008, every central bank was cutting rates. Now, for the first time in last five years, we're going to see different central banks doing different things," he explained. He added that this scenario "could be scary, but it can also be seen as an opportunity." ... |
| | | | ... as their major source of income, prefer higher inflation. The issue with aging populations and inflation is that central banks will try to fight the secular trend to lower inflation, focused as they are on driving inflation to 'target levels'. "From ... |
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