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Australia"s economy shrugs off the GFC

Wed 03/03/10 - 08:54:23 vs6
But the pace set by the economy could leave borrowers with higher interest rates by the end of 2010. Australian real gross domestic product (GDP) rose by a seasonally adjusted 0.9 per cent in the December quarter, the Australian Bureau of Statistics said today. This compared with an
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Tags : news.com.au, RON, gdp, decade, growth pace, private consumption, cash interest, partials, government assistance, private capital, months of the year, gross domestic product, stimulus, borrowers, economist, bias

Australian economy continues to expand

Fri 26/02/10 - 01:13:50 vs6
AAP The Australian Bureau of Statistics (ABS) national accounts next week are expected to show gross domestic product (GDP) expanded by 0.9 per cent in the December quarter, according to a survey of 16 economists by AAP. The median forecast for annual expansion in GDP is 2.35 per cent. In
Tags : news.smh.com.au, RON, gdp, fiscal stimulus, private consumption, infrastructure projects, growth outlook, energy projects, private capital, capital expenditure, national accounts, consumer spending, gross domestic product, construction work, strategist, motor vehicles, fourth quarter

Australian economy continues to expand

Fri 26/02/10 - 01:13:08 vs6
The Australian economy continued its expansion in the December quarter as government related stimulus, retail spending and an increase in investment expectations supported economic growth, economists say. The median forecast for annual expansion in GDP is 2.35 per cent. In the
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Tags : au.biz.yahoo.com, spa, gdp, fiscal stimulus, private consumption, retail spending, infrastructure projects, cunneen, growth outlook, energy projects, private capital, capital expenditure, consumer spending, construction work, strategist, motor vehicles, economic growth, fourth quarter, ubs, economists

Australian dollar higher at noon

Thu 25/02/10 - 10:42:32 vs6
At 12:00 (AEDT), the dollar was trading at $US0.8936/41, up from yesterday's close of $US0.8932/34. Since 07:00 AEDT, the local unit has traded between $US0.8926 and $US0.8952. ICAP senior economist Adam Carr said the local currency was trading marginally higher as it followed an
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Tags : news.com.au, Wall Street, Standard & Poor's, S&P, RON, Nikkei, dow jones industrial average, ben bernanke, investor sentiment, low interest rates, capex, private capital

NAB eyes joint bid for RBS branch network in Britain

Sun 07/02/10 - 08:56:14 vs6
NAB is one of a handful of banks to have expressed interest in buying the 318 branch business, to be branded Williams & Glyn's, from RBS. NAB, the owner of the Yorkshire and Clydesdale banks, is looking for partners to help fund its expansion in Britain. Blackstone's talks with NAB were at
Tags : smh.com.au, RON, investor interest, insurance sector, insurance deals, private capital, investment fund, handful, banks

Sovereign risk striking fear into heart of private sector

Fri 08/01/10 - 08:32:30 vs6
AS THE private sector spends countless hours and hundreds of millions of dollars tendering for state and federal infrastructure projects to be announced this year, sovereign risk is becoming a key problem. The projects include Sydney's $5.3 billion CBD Metro and Melbourne's $750 million
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Tags : smh.com.au, Transportation, RON, federal infrastructure, shock waves, sovereign risk, infrastructure projects, financial losses, unprecedented decision, finite resources, state governments, private project, tendering process, state budget, private capital, gripes, countless hours, bottlenecks, bidders

Geithner Says TARP Repayments Don’t Hurt Bank Lending Ability - Bloomberg.com

Sat 19/12/09 - 12:31:21 vs6
Dec. 19 (Bloomberg) -- Treasury Secretary Timothy Geithner said U.S. banks aren’t hurting their ability to lend as they repay the Troubled Asset Relief Program and back away from government assistance. His comments come as the biggest U.S. banks are stepping up their efforts to escape TARP.
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Tags : bloomberg.com, Wash, Wall Street, Troubled Asset Relief Program, title.TARP, tarp, Short, Quote, title.Bloomberg, bloomberg, banks, 12 months, economics professor, private investors, rescue effort, government assistance, private capital, banking system, executive compensation

Michael Pascoe | GDP figures point to a happy Christmas

Wed 16/12/09 - 08:50:59 vs6
Re the September quarter national accounts, if there's a surprise or a problem in there somewhere, I've missed it. Yes, the headline GDP growth figure printed a little lower than the market economists had been tipping - 0.2 per cent instead of the 0.4 per cent. This primarily shows market...
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Tags : smh.com.au, spa, title.GDP, gdp, currency swings, market economists, stimulus package, household expenditure, business confidence, capacity utilisation, Unemployment rates, national accounts, public investment, private capital, board minutes, business conditions, economic history, private investment, emerging markets

Lockhart Says Housing May Take ‘Another Leg Down’ (Update2) - Bloomberg.com

Sun 13/12/09 - 02:41:14 vs6
Lockhart said at a conference in New York that he’s concerned there may be “another leg down” because of the pace of foreclosures. Foreclosures will “spike” unless the Obama administration’s programs to spur home loan modifications do more to reduce homeowners
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Tags : bloomberg.com, stock, Short, Quote, title.Leg, Invest, home mortgage, foreclosure, Exchange, title.Bloomberg, bond insurer, mortgage bonds, investment unit, market bottom, asset managers, private capital

Citigroup Said to Push for Bailout-Payback Agreement This Week - Bloomberg.com

Tue 08/12/09 - 10:50:09 vs6
Pandit, 52, wants an agreement in place this week or next, the people said, speaking on condition of anonymity because the discussions are private. He accelerated efforts after last week’s announcement by Bank of America Corp. that it had won approval to pay back $45 billion of taxpayer.
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Tags : bloomberg.com, Wall Street, Troubled Asset Relief Program, tarp, Short, Quote, Open, Morgan, insurance, General Motors, fdic, Currency, title.Bloomberg, assets, government capital, taxpayer funds, bailout, private capital, payback, anonymity

Bank of America to repay $48.6b bailout

Thu 03/12/09 - 06:50:18 vs6
Bank of America has reached an agreement with the US government to repay its $US45 billion ($48.6 billion) of bailout funds in the next few days. The banking giant is expected to sign the documents repaying its Troubled Asset Relief Program funds over the next few days. A US Treasury...
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Tags : smh.com.au, Troubled Asset Relief Program, tarp, spa, ceo, step in the right direction, chief risk officer, Government aid, private capital, title.bailout, bailout, top job, czar, curbs, top executives, senior management, contender

Marathon toxic assets program approved

Tue 01/12/09 - 05:30:10 vs6
AP The Treasury Department said on Monday that another large investment company has raised sufficient capital to join the government in buying toxic bank assets to help spur more normal lending. Marathon Asset Management LP, which was founded by Bruce Richards and Louis Hanover in...
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Tags : news.smh.com.au, RON, PPIP, ppi, Invest, title.assets, assets, financial bailout, investment groups, debt capital, selected companies, using resources, private capital, equity capital, investment group, purchasing power

Surprise fall in business investment

Thu 26/11/09 - 11:29:27 vs6
Businesses investment slipped unexpectedly last quarter but a sharp upward revision to spending plans supported policy makers' optimism about the economy and left intact the case for an imminent rise in interest rates. The 3.9 per cent drop in private capital expenditure for the third...
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Tags : smh.com.au, spa, Morgan, gdp, credit crisis, point move, global credit, upward revision, plant and machinery, market expectations, inflationary pressures, private capital, private firms, RBA, interbank, rate increase, gross domestic product, last quarter

Business spend down, investment plans up

Thu 26/11/09 - 09:29:51 vs6
AAP Businesses appear to be still suffering a hangover from the steep economic slowdown late last year with new investment spending unexpectedly falling in the September quarter. But a sharp upgrade to future investment plans suggests brighter times are ahead. New private capital...
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Tags : news.smh.com.au, spa, RON, gdp, Economic slowdown, title.investment plans, investment plans, private capital, gross domestic product, business investment, hangover, slump, three months, budget, AAP

Business comes out spending | Michael Pascoe | Capital Expenditure

Thu 26/11/09 - 08:50:18 vs6
Yes, private capital expenditure dipped in the September quarter, but don't be misled by that. Capex is nonetheless booming with the nation's chief financial officers – the bindi-eyes in the lawn of corporate life - now on the much the same optimistic page as the Reserve Bank. More.
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Tags : smh.com.au, title.Capital Expenditure, capex, selected industries, cheque book, private capital, splurge, capital investment, willingness, three months, boom, Currency, perspective, economy, financial officers

Business spending down in September quarter | Business Breaking News | News.com.au

Thu 26/11/09 - 08:49:26 vs6
But a sharp upgrade to future investment plans suggests brighter times are ahead. New private capital expenditure (capex) dropped by a seasonally adjusted 3.9 per cent in the three months to September to $26.6 billion, Australian Bureau of Statistics data released today...
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Tags : news.com.au, gdp, investment plans, private capital, business investment, slump, three months, budget

Russian State Grain Trader Won’t Seek Export Monopoly (Update1) By Maria Kolesnikova and Yuriy Humber

Sat 10/10/09 - 09:54:21 vs6
Grain aims to emerge as the local market leader as of 2013, he said without elaborating. “Our strategy is to become the leading player, not the monopoly on the Russian grain market,” Levin said. “We will seek to partner with existing market operators and traders.” Russia set a goal in June ...
Tags : bloomberg.com, title.Trader, title.Russia, Russia, far east, river ports, million metric tons, shipping facilities, grain storage, grain exports, market operators, grain market, step strategy, private capital, target, humber, local market, monopoly

Brace for long, deep recession: World Bank

Tue 23/06/09 - 03:08:39 CFDglobal
The World Bank is predicting the global recession will be deeper than it previously thought, with the world economy forecast to shrink 2.9 per cent.
Tags : economic commentators, economic migrants, capacity utilisation, industrial economies, Unemployment rates, fiscal deficits, export prices, private capital, 2pc, speedy recovery, remittances, impediments, developed countries

Brace for long, deep recession: World Bank

Tue 23/06/09 - 11:49:44 CFDmarket
That is far steeper than the 1.7 per cent contraction the World Bank forecast just three months ago.
Tags : economic commentators, economic migrants, productive sectors, social sectors, industrial economies, capacity utilisation, government contracts, Unemployment rates, fiscal deficits, export prices, private capital, speedy recovery, remittances, impediments, developed countries, stimulus

Investment Downturn Means Recession Inevitable

Fri 29/05/09 - 11:17:28 CFDmarket
The resources boom has gone bust; the main driver of the Australian economy for the past five years has run out of stream and taken a big hit from the recession and credit crunch
Tags : import figures, plant and machinery, private capital, capital goods, nastiness, national accounts, construction work, trading partners, slump, economists, recession, plunge, economic growth, boom