Author at Dynamic Business
After months of speculation, the hype surrounding the Apple tablet has reached fever pitch as they announced plans to release a “major new product” tomorrow [today in local time], but refused to release any further details. Thought to have a 10-inch touchscreen with finger-sensitive controls similar to an iPod touch, and wireless internet capability, the […]
Senior US banking executives admitted making costly mistakes in the lead-up to the global financial crisis (GFC) as they came under intense scrutiny at an inquiry designed to establish the cause of the economic disaster. A congressionally mandated 10-member commission, which has been compared to the panel that studied the September 11, 2001 terror attacks […]
Commonwealth Bank has announced it will increase its standard variable home loan interest rate by 37 basis points, in a move that is set to send ripples through the banking industry. Westpac came under fire earlier this week for lifting their rates to almost double the increase the Reserve Bank stipulated, while National Australia Bank […]
Kristina Keneally has taken over from Nathan Rees as premier of New South Wales, ending a tumultuous week for the State Labor Party leadership. Keneally, US-born daughter-in-law of author Tom Keneally, garnered 47 votes out of the 70 members of the party’s full caucus, an overwhelming show of support for the relative newcomer. She has […]
Myer chief executive Bernie Brookes announced that he was expecting a “good, but not great” Christmas at a Financial Services Institute lunch earlier this week. Sales of gift wrapping, decorations and hampers were “in line with expectations”, but he was being realistic about the prospects for Christmas given the economic climate of the past two […]
National Australia Bank has sparked a home loan rate war by undercutting Westpac’s interest rate rise of 45 basis points earlier this week, keeping their interest rate rise in line with the Reserve Bank’s increase of 25 basis points. The interest rate rise will take NAB’s standard variable home loan rate to 6.49 percent, effective […]
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