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Guarantee removal a "significant milestone"

But one analyst said that if banks' funding costs are adversely impacted by the decision in the future, it would result in tighter financial conditions and limit the Reserve Bank of Australia's (RBA) need to lift the official cash rate. Treasurer Wayne Swan announced that the

Libs, Greens call on Swan to explain guarantee

The government today announced it would terminate, from the end of March, wholesale guarantees of bank borrowing on money markets. Mr Swan revealed the program had helped smaller banks raise $32 billion in funding from international credit markets. But he hasn't explained how much the major

Bank guarantee | Please explain Wayne Swan

The federal opposition and the Australian Greens have called on Treasurer Wayne Swan to explain how much the big banks made out of the bank guarantee scheme. The government today announced it would terminate, from the end of March, wholesale guarantees of bank borrowing on money

News in Pandora box seat

February 4, 2010 The head of the global media empire yesterday praised director James Cameron's high-grossing epic 3D film Avatar as the most successful in film history. The Oscar-nominated Avatar has enjoyed record box office success since its release in December, taking in about