Banks reap extra $2.1b on credit cards

Banks reap extra $2.1b on credit cards

AAP Banks have reaped an extra $2.1 billion in the past four years by not passing on interest rate cuts to credit card customers. Comparison website creditcardfinder.com.au says the average credit card purchase rate has remained stuck at 17 per cent since the Reserve Bank began cutting its cash rate in November 2011. If the full 2.25 percentage points worth of RBA cuts had been passed on to cred…

 

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  • Hitachi Chairman and CEO Hiroaki Nakanishi Named to Order of the British Empire ACN Newswire - 48 minutes ago

    TOKYO, May 25, 2015 - (JCN Newswire) - Hitachi, Ltd. (TSE:6501, "Hitachi") announced today that Hiroaki Nakanishi, Chairman and CEO of Hitachi, Ltd., has been named an Honorary Knight Commander of the Order of the British Empire. This British Award was established in 1917 by King George V. Up to that time, similar awards were presented to politicians, soldiers, and public officials, but the Order of the British Empire is bestowed upon individuals who have made substantial contributions to the United Kingdom, including economists, intellectuals, entertainers, athletes and persons working in social contribution. Mr. Nakanishi has served as President of Hitachi Europe Ltd., which is headquartered in the U.K., and as Chief Executive for Europe, functioning as a representative for the Hitachi Group in Europe.

  • CEA's Groundbreaking Book Digital Destiny Comes to China Business Wire - 9 hours ago

    SHANGHAI--(BUSINESSWIRE)-- The Consumer Electronics Association (CEA)® today announced that Digital Destiny: How the New Age of Data Will Change the Way We Work, Live, and Communicate will make its debut in China at the inaugural CES AsiaTM, which will run May 25-27 in Shanghai. Already a New York Times best-seller in the United States, CEA’s latest book is now available for presale in China and will be available nationwide in Mandarin Chinese starting June 8. CES Asia, produced by CEA and co-produced by INTEX, showcases the full breadth and depth of the innovation value-chain in the Asian marketplace.

  • Rumford mill to lay off about 50 workers Associated Press - Sun, May 24, 2015 5:27 AM AEST

    Catalyst Paper is laying off about 50 workers at the Rumford mill. WCSH-TV reports (http://on.wcsh6.com/1F2Vr9i ) that the company announced that a temporary shutdown of a paper machine has been extended ...

  • Automakers to reveal models covered by wider air bag recall Associated Press - Sat, May 23, 2015 11:01 PM AEST
    Automakers to reveal models covered by wider air bag recall

    Eleven automakers are expected next week to reveal which models are being added to a massive recall of air bags made by Takata Corp. On Tuesday, the U.S. National Highway Traffic Safety Administration ...

  • Smithfield Foods Applauds Virginia Senators on TPA Passage GlobeNewswire - Sat, May 23, 2015 1:42 PM AEST

    SMITHFIELD, Va. -- Smithfield Foods applauds the U.S. Senate and Senators Warner and Kaine on voting to pass the Bipartisan Trade Priorities and Accountability Act, bipartisan legislation to renew Trade ...

  • Smithfield Foods Applauds South Dakota Senators on TPA Passage GlobeNewswire - Sat, May 23, 2015 1:41 PM AEST

    SMITHFIELD, Va. -- Smithfield Foods applauds the U.S. Senate and Senators Thune and Rounds on voting to pass the Bipartisan Trade Priorities and Accountability Act, bipartisan legislation to renew Trade ...

  • Smithfield Foods Applauds North Carolina Senators on TPA Passage GlobeNewswire - Sat, May 23, 2015 1:41 PM AEST

    SMITHFIELD, Va. -- Smithfield Foods applauds the U.S. Senate and Senators Burr and Tillis on voting to pass the Bipartisan Trade Priorities and Accountability Act, bipartisan legislation to renew Trade ...

  • Smithfield Foods Applauds Nebraska Senators on TPA Passage GlobeNewswire - Sat, May 23, 2015 1:41 PM AEST

    SMITHFIELD, Va. -- Smithfield Foods applauds the U.S. Senate and Senators Fischer and Sasse on voting to pass the Bipartisan Trade Priorities and Accountability Act, bipartisan legislation to renew Trade ...

  • Smithfield Foods Applauds Iowa Senators on TPA Passage GlobeNewswire - Sat, May 23, 2015 1:40 PM AEST

    SMITHFIELD, Va. -- Smithfield Foods applauds the U.S. Senate and Senators Grassley and Ernst on voting to pass the Bipartisan Trade Priorities and Accountability Act, bipartisan legislation to renew Trade ...

  • Smithfield Foods Applauds Walmart's Animal Welfare and Antibiotics Positions GlobeNewswire - Sat, May 23, 2015 7:38 AM AEST

    SMITHFIELD, Va. -- Smithfield Foods said today that it supports Walmart in its release of the company's new animal welfare and antibiotics positions. Smithfield is already compliant with the newly announced ...