Financial

  • Master the Money Market Kiplinger - Sat, Dec 17, 2016 12:01 AM AEDT
    Master the Money Market

    This very-short-term credit market fuels two common savings vehicles.

  • Home loans rose 0.9% in Sept AAP - Tue, Nov 15, 2016 1:09 PM AEDT
    Home loans rose 0.9% in Sept

    Home loans for owner-occupiers rose 0.9 per cent to $19.9 billion in September. Meanwhile, the value of new personal loans was down 0.3 per cent to $6.8 billion in the month, according to seasonally adjusted ...

  • Investors may become owner occupiers AAP - Fri, Sep 18, 2015 2:54 PM AEST

    Tougher lending conditions may prompt some property investors to instead become owner occupiers, the central bank boss predicts. Reserve Bank of Australia governor Glenn Stevens says regulatory measures to curb growth in investment home loans are doing their job. "I predict that we will now see a number of people who used to call themselves investors are going to call themselves owner occupiers because the relative pricing has changed," Mr Stevens told a federal parliamentary committee on Friday.

  • Refugee crisis reignites EU budget debate AAP - Fri, Sep 18, 2015 11:12 AM AEST

    The soaring costs of handling the unprecedented influx of refugees into Europe have opened up new fault lines within the EU in its never-ending debate about the bloc's budget rules. In the past, Germany, as the self-appointed arbiter of fiscal rectitude, has tended to find itself pitted against countries such as France and Italy in the constant tug-of-war over spending targets. "It is not fair if those member states that are particularly humane and take on the task and cost of looking after the asylum-seekers are punished by Brussels for excessive spending," Vienna's finance minister Hans-Joerg Schelling said.

  • New rules impacting investor loans: RBA AAP - Fri, Sep 18, 2015 11:06 AM AEST

    Some property investors may become owner occupiers as regulatory measures to curb growth in investment lending have an impact, the Reserve Bank of Australia says. RBA governor Glenn Stevens says the evidence is that the measures are doing their job, adding that it is not about controlling house prices but rather ensuring there are prudent lending standards. Mr Stevens said the flow of new lending to investors is not continuing to increase the way it was, and the rate of growth will gradually come back to the regulator's 10 per cent `speed limit' on investor lending growth.

  • US will raise rates soon: RBA's Stevens AAP - Fri, Sep 18, 2015 10:43 AM AEST
    US will raise rates soon: RBA's Stevens

    The Reserve Bank boss is confident that the US central bank will raise its interest rate before Christmas. The Federal Reserve on Friday kept its interest rate unchanged amid worries about the slowdown in China and its impact on the US economy. RBA governor Glenn Stevens said when the Fed does make its first rate hike in nine years it will be the most anticipated interest rate move he's ever seen.

  • RBA to talk up economic outlook AAP - Fri, Sep 18, 2015 7:30 AM AEST
    RBA to talk up economic outlook

    Reserve Bank governor Glenn Stevens will come to Canberra with a positive slant on the economic outlook when he faces politicians for his six-monthly grilling. The US central bank will have concluded its crucial two-day meeting just hours before Mr Stevens fronts the House of Representatives economics committee for the three-hour hearing on Friday morning.

  • To Encourage Crowdfunding, Change the Definition of an Investment Company Entrepreneur - Fri, Sep 18, 2015 1:15 AM AEST
    To Encourage Crowdfunding, Change the Definition of an Investment Company

    Equity crowdfunding is hampered by regulations designed to curb stock-market abuse.

  • 5 Ways to Make Retirement Planning Easier U.S.News & World Report - Fri, Sep 18, 2015 12:13 AM AEST
    5 Ways to Make Retirement Planning Easier

    Developing a retirement plan will allow you to one day walk away from your job and have complete control over your time. Here are five ways to simplify the retirement planning process. You get to decide how much of your salary you put in a retirement account every year.

  • Refugee crisis reignites EU debate over budget rules AFP - Thu, Sep 17, 2015 6:58 PM AEST
    Refugee crisis reignites EU debate over budget rules

    The soaring costs of handling the unprecedented influx of refugees into Europe have opened up new fault lines within the EU in its never-ending debate about the bloc's budget rules. In the past, Germany, as the self-appointed arbiter of fiscal rectitude, has tended to find itself pitted against countries such as France and Italy in the constant tug-of-war over spending targets. "It is not fair if those member states that are particularly humane and take on the task and cost of looking after the asylum-seekers are punished by Brussels for excessive spending," Vienna's finance minister Hans-Joerg Schelling said.

  • 5 End-Of-Summer Planning Tips for Boomers U.S.News & World Report - Thu, Sep 17, 2015 12:30 AM AEST

    No matter who you are, here are five things you can do to be more prepared for your current or future retirement. Put together your "written" financial plan. The financial plan is the best place to start.

  • PM urges Finns to accept austerity in rare TV appeal AFP - Wed, Sep 16, 2015 7:52 PM AEST
    PM urges Finns to accept austerity in rare TV appeal

    Finland's centrist Prime Minister Juha Sipila urged Finns to accept the government's harsh austerity measures in a rare televised address to the nation on Wednesday. "The Finnish state has contracted debt at a rate of almost a million euros ($1.13 million) per hour for seven years, day and night, every day of the week. Sipila's speech came a week after his pro-austerity, centre-right coalition government announced a series of tough austerity measures to revive the eurozone member's slumping economy after three years of recession.

  • Hockey busy while he waits his fate AAP - Wed, Sep 16, 2015 10:58 AM AEST
    Hockey busy while he waits his fate

    Treasurer Joe Hockey isn't sitting on his hands waiting for Malcolm Turnbull to decide his future. Amid speculation he will be the highest-profile casualty of a ministerial reshuffle the new prime minister will unveil on Monday, Mr Hockey brought to parliament tax-avoidance measures aimed at multinational corporations.

  • The Perils of Short-Term Business Loans Entrepreneur - Wed, Sep 16, 2015 7:00 AM AEST
    The Perils of Short-Term Business Loans

    Sometimes it makes sense to take a loan at brutal interest rates. More often, it's a sign the business is failing and the time has come to cut losses.

  • 11 Ways Homeowners Can Fund Major Home Improvements U.S.News & World Report - Wed, Sep 16, 2015 1:56 AM AEST

    Home improvements can be expensive, which isn't news to most homeowners. If you plan to stay in your home and don't have cash, how can you pay for home improvements? "It depends on the circumstances," says Casey Fleming, author of "The Loan Guide: How to Get the Best Possible Mortgage" and a mortgage professional in the San Francisco Bay Area.

  • Is Your Credit Card Worth the Annual Fee? U.S.News & World Report - Tue, Sep 15, 2015 11:35 PM AEST

    Credit cards with annual fees often promise big perks and more rewards per dollar -- but if you're not planning on spending thousands on your credit card, you could end up in the red. Among the 2,202 credit cards NerdWallet examined in its 2015 industry study, the average annual fee was $58. Wondering whether your annual fee card is a keeper?

  • RBA in wait and see mode on rates AAP - Tue, Sep 15, 2015 1:48 PM AEST
    RBA in wait and see mode on rates

    The Reserve Bank appears content to keep its interest rate at a record low for the time being as Australia's non-mining industries begin to show signs of improvement. Minutes from the RBA's September meeting, when the cash rate was kept on hold at 2.0 per cent, noted improvements in hiring intentions in the services sector and that non-mining business investment was expected to pick up.

  • China grapples with risk of economic hard landing AFP - Sun, Sep 13, 2015 4:38 PM AEST
    China grapples with risk of economic hard landing

    When Chinese Premier Li Keqiang sought to reassure business leaders that the world's second-largest economy can avoid a hard landing, he acknowledged mounting fears of exactly that, and analysts say the adjustment to slower growth will be painful. Just six months ago Li set a 2015 economic growth target of "around seven percent", confidently telling lawmakers that the economy was adjusting to a "new normal".

  • Eurozone downplays Greece vote worries AFP - Sat, Sep 12, 2015 5:53 PM AEST
    Eurozone downplays Greece vote worries

    The eurozone's top finance officials on Saturday downplayed the risk of surprises after Greece's election next weekend, setting their sights instead on fraught bailout talks ahead, including restructuring Greek debt. The EU's economics affairs commissioner Pierre Moscovici said he had "no worries" over the outcome of the September 20 vote, which opinion polls show the radical leftists of ex-premier Alexis Tsipras fractionally ahead of the New Democracy conservatives. "I have the impression, including when I see the polls, that there is a clear majority in Greece for parties that backed the (bailout)," Moscovici said at talks with European finance ministers in Luxembourg.

  • How Your Retirement Nest Egg Is Being Nickel-and-Dimed By Fees U.S.News & World Report - Sat, Sep 12, 2015 1:54 AM AEST

    How would you like to have an extra $155,000 to spend during your retirement years? Yoav Zurel, CEO of cost assessment website FeeX.com, says you could have at least a portion of that if you worked on minimizing your 401(k) fees. "One-hundred and fifty-five thousand dollars are basically evaporating from your retirement savings," Zurel says.

  • CBA customers vent over system failure AAP - Fri, Sep 11, 2015 8:05 PM AEST
    CBA customers vent over system failure

    Commonwealth Bank services have returned to normal after a problem with electronic transactions left customers stranded in the midst of the morning rush hour, unable to pay for purchases. The technical problem, which lasted for about three hours on Friday morning, affected credit cards, EFTPOS, net banking and travellers cards. CBA customers struggled to make payments in shops and cafes, and were quick to vent on social media.

  • CBA's $5b raising hit by volatile markets AAP - Fri, Sep 11, 2015 3:14 PM AEST
    CBA's $5b raising hit by volatile markets

    Commonwealth Bank's shortfall in raising $5 billion in capital from its shareholders highlights a lukewarm response from investors towards the sector, analysts say. Shares in Australia's biggest bank were halted from trade on Friday as the lender said it would offer around $1.5 billion in shares in a retail bookbuild. Only about half of the shares from an expected $3 billion rights entitlement offer were taken up by CBA's retail shareholders, despite the stock being offered at a discounted rate.

  • RBNZ cuts OCR further cut 'likely' AAP - Thu, Sep 10, 2015 5:40 PM AEST

    The Reserve Bank of New Zealand has cut its official cash rate, as expected, and says a further easing seems likely. Governor Graeme Wheeler cut the OCR a quarter point to 2.75 per cent, saying the reduction was warranted because of the softening New Zealand economy. "Headline inflation is expected to return well within the target range by early 2016, as the earlier petrol price decline drops out of the annual inflation calculation, and as the exchange rate depreciation passes through into higher tradables prices," Mr Wheeler said.

  • 4 Great Checking Accounts for College Students U.S.News & World Report - Thu, Sep 10, 2015 12:00 AM AEST

    College freshmen are striking out on their own for the first time in their lives. It only takes a few missteps to generate four or five digit credit card debt or pay hundreds of dollars in senseless bank fees. Here are four checking account options for students -- and parents -- that can help avoid fees and negate bad money decisions.

  • Banks accounts to lay idle for seven years AAP - Wed, Sep 9, 2015 9:54 AM AEST

    Australians who aren't actively using their bank accounts will have an extra four years before having to retrieve their cash from the government. Legislation to reverse the Labor-imposed three-year deadline ...

  • Greece to look at recapitalising banks after election AFP - Wed, Sep 9, 2015 7:12 AM AEST
    Greece to look at recapitalising banks after election

    Greece will set up a working group with officials from its "troika" of creditors to look at ways of supporting its fragile banking system after this month's election, the economy ministry said. "The economy ministry, in collaboration with Greece's central bank, decided Tuesday to establish a working group on the recapitalisation of the banks," the ministry said in a statement. The group will contain lawyers, experts and representatives from the European Union, European Central Bank and International Monetary Fund -- the so-called "troika" of creditors loathed by many Greeks after years of painful austerity.

  • What You Need to Know About the 3 Biggest Global Payment Methods Entrepreneur - Wed, Sep 9, 2015 6:00 AM AEST
    What You Need to Know About the 3 Biggest Global Payment Methods

    Recent new technologies will join the roughly 200 different types of electronic-payment methods that currently permeate our world. With so many options and use cases, it can be daunting for any global ...

  • 8 Reasons Why You Don't Have Money Entrepreneur - Wed, Sep 9, 2015 2:30 AM AEST
    8 Reasons Why You Don't Have Money

    Two hundred and fifty million people in the wealthiest country on the planet are barely making it. And you're probably one of them.

  • Leon Cooperman: Why this bull market isn't over CNBC - Wed, Sep 9, 2015 12:27 AM AEST
    Leon Cooperman: Why this bull market isn't over

    Leon Cooperman said Tuesday there are a number of reasons to be optimistic that the bull has not lost steam.

  • 4 Surprising Credit Card Fees and How to Avoid Them U.S.News & World Report - Tue, Sep 8, 2015 11:05 PM AEST

    Failing to read a credit card's terms and conditions before you apply can cost you money. Sure, reading that document is about as exciting as watching paint dry, but the fact is that it contains information you need to know before you use the card. A recent CreditCards.com survey of 100 popular credit cards showed that the average credit card comes with six different possible fees.

  • Asian stocks volatile again after China trade data AFP - Tue, Sep 8, 2015 9:59 AM AEST
    Asian stocks volatile again after China trade data

    Shanghai and Hong Kong led most Asian markets up in another volatile day Tuesday after Chinese data showed imports and exports sank in August, adding to concerns about the economic giant that have convulsed global equities. The figures out of China and Japan are the latest to highlight the battle facing the world's second and third biggest economies as Washington considers tightening monetary policy with US growth rattling along. Analysts said the recent international market turmoil caused by worries over China -- and uncertainty over US interest rates -- had left investors nervous.

  • Asia markets broadly lower after China trade data AFP - Tue, Sep 8, 2015 8:19 AM AEST
    Asia markets broadly lower after China trade data

    Volatility returned to Asian markets on Tuesday after Chinese data showed imports and exports sank in August, adding to concerns about the economic giant that have convulsed global equities. News that Japan's economy had contracted less than expected was unable to prevent a sharp fall in Tokyo, despite speculation the country's central bank will likely have to unveil fresh monetary easing measures, which usually supports stocks. The figures out of China and Japan are the latest to highlight the battle facing the world's second and third biggest economies as Washington considers tightening monetary policy with US growth rattling along.

  • What to ask before going to robo advisers AAP - Mon, Sep 7, 2015 1:01 PM AEST

    Some of Wall Street's newest investment advisers don't have a degree in business or a corner office in Manhattan. Dubbed robo advisers, they are automated investing services that rely on computer models to manage investor portfolios. While investment advisers have relied for years on computer models to fine tune their clients' portfolios of mutual funds, for example, the advent of fully automated investing services emerged just in the past five years.

  • Four ways to improve your credit score CNBC - Mon, Sep 7, 2015 7:00 AM AEST
    Four ways to improve your credit score

    Consumers are getting a better grade when it comes to how they use credit these days. Here's what you can do to improve your score.

  • 3 Signs Your Rewards Credit Card Is a Waste of Money U.S.News & World Report - Fri, Sep 4, 2015 10:55 PM AEST

    Rewards credit cards have fast become a popular form of plastic, making up nearly 80 percent of new card accounts in the first quarter of 2014, according to the American Bankers Association. Here are three signs that your rewards credit card is unrewarding. About half of consumers don't want to pay credit card annual fees, but the NerdWallet survey of over 2,000 adults found 31 percent of consumers who own rewards credit cards don't even know what they cost.