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Australian News
Credit card bank licences to go
Financial Service 14 Oct. 2014 Shaun Drummond The government has agree to abolish the requirement for credit card issuers and processors to have a banking licence, in a move it hope will reduce fees to consumers and merchants. But experts say big banks’ stranglehold on ...
Investors keep keen eye on fate of Woolworths pubs
PUBLISHED: 28 JUN 2014 02:46:49 | UPDATED: 28 JUN 2014 02:46:49 KAREN MALEY Investors are keeping a close eye on the hotel and gaming industry as supermarket giant Woolworths weighs up whether it will unload about $650 million worth of pubs and liquor stores through a sale to...
Turmoil spooks euro zone investors
PUBLISHED: 12 JUL 2014 02:49:17 | UPDATED: 15 JUL 2014 14:08:35 KAREN MALEY Are storm clouds beginning to amass over European markets? This week Portuguese bond yields spiked and stocks sagged after shares in Portugal’s biggest bank, Banco Espirito Santo, were sus...
Bond yields pose questions for investors
PUBLISHED: 26 JUL 2014 05:16:00 | UPDATED: 26 JUL 2014 05:22:57 FINANCIAL REVIEW KAREN MALEY Global bond yields were the focus of attention this week as benchmark US rates tumbled close to their lowest levels in 13 months, prompting concerns that worldwide interest rates coul...
Success of Aldi poses real threat to local retailers: UBS
PUBLISHED: 16 AUG 2014 05:33:50 | UPDATED: 16 AUG 2014 05:33:50 FINANCIAL REVIEW KAREN MALEY Are investors underestimating the risk that German global supermarket chain Aldi will erode the profits of the country’s biggest retailers? Stocks such as Woolworths and W...