Jessica Stanic

Federal Treasurer Wayne Swan has warned that families and businesses will be hit hard by the recent rate hike.

Despite the financial crisis, punters spent big at yesterday’s Melbourne Cup, with New South Wales and Victorian gamblers betting a record $95.6 million on the cup.

Just 15 minutes after the Reserve Bank announced an increase in the official interest rates to 3.5 percent, ANZ signaled its intention to match the Reserve Bank’s rate.

The outcome of the Melbourne Cup was shocking, but the results of the Reserve Bank’s latest board meeting was not so shocking, with official interest rates lifted by 25 basis points, taking official rates to 3.5 percent.



Social networking site Twitter is being used by police to track and catch criminals.

Petrol prices are expected to rise over the next week, nearing their peak, according to a leading economist.

Visa has announced it will move to chip and PIN technology for all Australian Visa cards over the next four years, with signatures no longer accepted at the checkout from 2013, as part of a wide-ranging agenda to cut credit card fraud.

The Federal Government’s Mid-Year Economic Forecast delivered a brighter economic future for Australia, signaling interest rates are on their way up.

The Federal Government’s Mid Year Economic Forecast reveals the massive human cost of the financial crisis, with another 105,000 workers expected to be jobless, as unemployment rises to 6.75 percent over the next eight months, says unions.

Yellowglen releases Melbourne cup iPhone app First there was the Melbourne Cup Carnival iPhone app released by Victoria Racing Club providing punters with news and information about races, now there is the Yellowglen iPhone app designed to help cup goers locate each other on the day. The iPhone app, created by Sydney digital production company […]