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Electronic banking still lacks traction among over 55s: Commbank

WWW.THESHEET.COM  |  THURSDAY, 11 MAY 2006
Despite the push to promote electronic transactions among wealth management customers, slow take-up of electronic banking by older Australians suggests it still has a long way to go to really gain traction. Michael Cameron, Commonwealth Bank's head ...

Weekly economic round-up

BENJAMIN ONG  |  MONDAY, 8 MAY 2006
Following a week of controversy surrounding the Reserve Bank of Australia's (RBA) announcement of a 25 basis point hike in the country's official cash rate, this week will give financial markets more variables to digest as the Federal Treasury delivers ...

Daily economic update

BENJAMIN ONG  |  WEDNESDAY, 3 MAY 2006
The Reserve Bank of Australia (RBA) finally put to rest market speculation over monetary policy by raising the official cash rate by 25 basis points to a five year high of 5.75 per cent. The RBA last lifted interest rates in March 2005. Market expectations ...

More Australians feel financially secure

In a welcome change to recent surveys on the nation's chronic savings gap, the latest ipac Financial Security Report has found that 62.1 per cent of Australians are feeling financially secure, an improvement from the 43.5 per cent figure in 2005. Ipac's ...

Babcock & Brown swells infrastructure by $3.4bn

Home grown infrastructure group Babcock & Brown Infrastructure (ASX: BBI) has agreed to buy US utility giant NorthWestern in an all-cash deal worth US$2.23 billion ($3 billion) along with a 51 per cent stake in WestNet Rail for $435 million. The acquisitions ...

Daily economic update

Australian headline consumer prices rose by a slightly higher-than-expected 0.9 per cent in the March quarter taking the annual inflation rate to 3 per cent - right at the upper limit of the Reserve Bank of Australia's 2-3 per cent target band. Financial ...

30 million super accounts and climbing

ALEX DUNNIN  |  FRIDAY, 21 APR 2006
Despite super fund consolidation and apparent increasing market competition, Australian superannuation leaders have yet to confront why the number of super fund accounts is still climbing by more than one million each year. According to the just released ...

Amicus builds business on flat planning fee

Amicus Financial Planning has created a template for a flat fee-for-service model that is gaining fans among planners keen to sidestep the current debacle on conflicts of interest surrounding commission-based fees. Amicus is run by financial planner ...

Daily economic update

Oil pushed above US$70 a barrel and continues to hover around this level as geopolitical concerns remain very high in Iran and Nigeria. Concerns over global supply shortage have also increased following reports that the Chinese economy surged by 10.2 ...

SG not a tax: Tax Inquiry

ALEX DUNNIN  |  THURSDAY, 13 APR 2006
Treasurer Costello's long awaited international tax comparison report has reluctantly agreed that the 9 per cent SG is not a tax. However, the 412 page report, released yesterday, gives few other clues about which way the government might budge regarding ...