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Economics

Blame it on the boogie

BENJAMIN ONG  |  FRIDAY, 14 FEB 2014
Australian Prime Minister Tony Abbott and Treasurer Joe Hockey must be wishing they "could blame it on the sunshine, blame it on the moonlight ? blame it on the boogie" (thanks MJ).

Market Wrap

AAP  |  THURSDAY, 13 FEB 2014
The Australian sharemarket has opened slightly higher after Telstra lifted its first half profit by almost 10%.

US Congress votes to raise debt ceiling

ALEX DUNNIN  |  THURSDAY, 13 FEB 2014
Both houses of the US Congress have passed a bill to increase the US debt ceiling, with no additional debt ceiling increases expected to be needed until 2015.

Confusing versus credible

BENJAMIN ONG  |  THURSDAY, 13 FEB 2014
This makes me wonder if Alan 'the maestro' Greenspan's meme over central bank communication (aka "Fedspeak") was better all along.

Market wrap AM

AAP  |  THURSDAY, 13 FEB 2014
The Australian market looks set to open higher following gains on international markets after new Federal Reserve chief Janet Yellen's promise that monetary policy would continue and strong Chinese trade data.

Market Wrap

AAP  |  WEDNESDAY, 12 FEB 2014
The Australian share market has risen on the back of the Commonwealth Banks' strong half year profit.

CBA posts $4.27bn half year profit

AAP & ALICE URIBE  |  WEDNESDAY, 12 FEB 2014
Commonwealth Bank (CBA) has posted a $4.27 billion half year profit, up 14% on the previous year, helped along by strong growth in the wealth management division.

ANZ profit on the rise in first quarter

AAP  |  WEDNESDAY, 12 FEB 2014
ANZ revealed a double digit jump in its first quarter profit, on the back of growth in home lending and a surprise fall in bad debts

You say threshold, I say trigger

BENJAMIN ONG  |  WEDNESDAY, 12 FEB 2014
She may be keeping policy steady as she goes, but Fed Chairman Janet Yellen had to swerve on forward guidance.

Market Wrap AM

AAP  |  WEDNESDAY, 12 FEB 2014
The Australian market looks set to open higher following strong gains on Wall Street after new Federal Reserve chief Janet Yellen's Congressional testimony appeared to reassure investors.