Commonwealth Bank
News and interviews on Commonwealth Bank including trends, features, blogs and community conversations from an Australian business perspective.
Commonwealth Bank Business Sales Indicator shows signs of faltering recovery: Midday roundupMonday, 21 May 2012
Economy-wide spending rose in April but at the slowest pace in seven months, raising questions about Australia's path of recovery. ...
Why Australia will not catch the Greek disease: Bartholomeusz
Friday, 18 May 2012
Europe is again on the brink after the Greek revolt against austerity. If Greece defaults will it be 2008-09 all over again? ...
Commonwealth Bank records $1.7 billion quarterly profit: Midday roundup
Thursday, 17 May 2012
The Commonwealth Bank has recorded a $1.7 billion profit for the three months to March, although warns the outlook for the global economy still remains uncertain. ...
Worrying tales from the top end of town
Thursday, 17 May 2012
At times like this, every bit of intelligence an SME can get is like gold. So it always pays to keep an eye on the biggest data goldmine of all – the ASX. ...
Big four "couldn't give a toss" about small business: Small Business Minister Brendan O'Connor
Thursday, 17 May 2012
The big four banks “couldn’t give a toss” about providing credit to new enterprises, federal Small Business Minister Brendan O’Connor has claimed. ...
Exporters welcome currency drop as dollar stays below parity, banks slash currency forecasts
Tuesday, 15 May 2012
Exporters have enthusiastically welcomed the drop in the Australian dollar to below parity, with industry leaders saying the fall combined with the prospect of even lower interest rates has given the sector a much-needed psychological boost. ...
Founder of collapsed trucking group 1st Fleet heads to US as wife's mansion goes up for sale
Tuesday, 15 May 2012
The five-bedroom contemporary Sydney Harbour home of Stephen Brown, the boss of the troubled 1st Fleet trucking company, and his wife, Corrine, comes with a $16 million asking price. ...
Balance returning between buyers and sellers in property markets
Monday, 14 May 2012
The level of vendor discounting and the average time on market are important vendor metrics to understand as they provide an insight around selling conditions in the marketplace. ...
Trade deficit expands during March: Midday roundup
Tuesday, 08 May 2012
Australia's trade deficit expanded during March, according to the latest figures from the Australian Bureau of Statistics. ...
CBA and NAB cut rates but withhold a large chunk of the Reserve Bank’s reduction
Thursday, 03 May 2012
Commonwealth Bank will lower its standard variable interest rate by 40 basis points joining the National Australia Bank in holding back some of the Reserve Bank's 50 basis-point cut earlier this week. ...
The “super-sized” rate cut is good news for business, but banks still hesitant
Wednesday, 02 May 2012
The Reserve Bank of Australia’s decision to cut the official interest rate by 50 basis points yesterday has been hailed as “courageous” by economists but they warn for the cuts to have a positive impact, banks need to pass on the central bank cut and consumer ...
THE BIG PICTURE: Why the China story has plenty of chapters to go
Monday, 07 February 2011
China is now the second largest economy in the world. Australia ranks as 13th biggest. But Australia is regarded as an advanced economy whereas China is defined by the IMF as an "Emerging and Developing" economy. So what defines the level of advancement? ...
Job ads rise 2.9% during November, Inflation gauge heads higher: Economy Roundup
Monday, 06 December 2010
Job advertisements published in newspapers and online rose for a seventh consecutive month in November, according to the ANZ Job Advertisements index. ...
Services sector contracts in November, US economy tipped to improve: Economy Roundup
Friday, 03 December 2010
The services sector continued to contract in November as companies said higher interest rates impacted sales and confidence, according to the latest Australian Industry Group-Commonwealth Bank performance of services index. ...
Retail sales fall 1.1% in October, Shares move higher: Economy Roundup
Thursday, 02 December 2010
Retail sales fell by a seasonally adjusted 1.1% in October, according to the latest results from the Australian Bureau of Statistics. ...
Economic growth weaker than expected as GDP rises just 0.2% in September quarter: Economy Roundup
Wednesday, 01 December 2010
The Australia economy grew by only 0.2% in the September quarter, according to the latest figures from the Australian Bureau of Statistics. The result is well below expectations of a 0.5% increase. ...
Building approvals up 9.3% in October, Shares lower on European worries: Economy Roundup
Tuesday, 30 November 2010
Building approvals jumped by a seasonally adjusted 9.3% during October, breaking six consecutive months of declines, according to the latest figures from the Australian Bureau of Statistics. ...
Capital expenditure jumps 6.2% in September quarter, UBS sued over alleged Madoff links: Economy Roundup
Thursday, 25 November 2010
Private capital expenditure increased by a seasonally adjusted 6.2% in the September quarter, new figures form the Australian Bureau of Statistics reveal. ...
Global shares down after Korean attacks worry markets, Construction sector struggles: Economy Roundup
Wednesday, 24 November 2010
The Australian sharemarket has opened lower this morning following a drop in overseas markets, as investors remain nervous following the artillery strikes between North and South Korea that killed two marines and wounded civilians. ...
PBL considering $5 billion float, will partner with Hulu.com, Ireland agrees to bailout: Economy Roundup
Monday, 22 November 2010
PBL Media is reportedly planning a $5 billion float next year that will see the company join up with American video streaming site Hulu and welcome back Microsoft executive Daniel Petre to the board. ...
