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Inflated wholesale funding costs will curb mortgage cuts: ANZ
Published December 2, 2008, 5:13 am, The Age
ANZ has raised doubts about passing on further cash-rate cuts in full after warning that wholesale funding costs are likely to remain inflated in the medium term.
Even Bernanke can't say what's next
Published December 2, 2008, 3:12 am, The Globe and Mail
WASHINGTON -- The bad news is that the United States has already been in recession for nearly a year. Worse still, the bottom isn't yet in sight, prompting another massive selloff yesterday on Wall Street.
CBA, NAB pass on full rate cut
Published December 1, 2008, 9:25 pm, The Age
Commonwealth Bank of Australia and National Australia Bank have rushed to pass on the full one percentage point rate cut announced by the Reserve Bank.
Banks cut rates
Published December 1, 2008, 9:18 pm, Sydney Morning Herald
Australia's big banks have lowered rates, but not all passed on the full RBA cut.
Rates slashed to 4.25pc
Published December 1, 2008, 7:30 pm, Adelaide Now
THE RESERVE Bank has cut interest rates by one percentage point to 4.25 per cent - and two of the biggest Aussie banks have already passed on the full cut.
Even Bernanke can't say what's next
Published December 1, 2008, 6:50 pm, The Globe and Mail
Manufacturing at 26-year low; unclear how much more U.S. economy will slide
Even Bernanke can't say what's next
Published December 1, 2008, 6:42 pm, The Globe and Mail
WASHINGTON — The bad news is that the United States has already been in recession for nearly a year. Worse still, the bottom isn't yet in sight, prompting another massive selloff Monday on Wall Street.
Treasury guarantees all deposits in failed London Scottish bank
Published December 1, 2008, 5:28 pm, Independent
The Government stepped in to guarantee that no retail depositor would lose their money yesterday after London Scottish Bank was forced into administration.
How did the NBER reach its recession finding?
Published December 1, 2008, 12:05 pm, The Globe and Mail
And, how to buy gold bars for investment purposes
U.S. facing biggest deficit in 60 years: CIBC World Markets report
Published December 1, 2008, 6:00 am, CNW Group via Yahoo! Finance
CIBC - President-elect Obama can expect to face the biggest U.S federal deficit since the end of WWII when he takes office in January, finds a new report from CIBC World Markets.
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