archive-au.com » AU » B » BUSINESSSPECTATOR.COM.AU

Total: 1320

Choose link from "Titles, links and description words view":

Or switch to "Titles and links view".
  • RBA still waiting for injection | Business Spectator
    into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu RBA still waiting for injection 2 Dec 2013 7 33 AM 1 Economy Reserve Bank of Australia Central Bank yet to receive 8 8bn from govt doesn t expect it until after budget You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password The Reserve Bank of Australia has not received the controversial 8 8 billion injection from the government and is not expecting to take possession of it until after the May budget The Australian Financial Review reports According to the newspaper the delay has led to doubts over the urgency of the transfer as communicated by Treasurer Joe Hockey at the time of its announcement The issue of the injection is said to have created confusion in markets with suggestions the central bank is actively selling off Australian dollars and buying more foreign currencies as it absorbs the injection on its balance sheet The AFR reports several analysts have made mention in notes to clients that the injection may have led the RBA to intervene in currency markets Print this page Related articles 31 Dec Private sector credit rises in November 18 Dec The RBA s steely infrastructure warning 18 Dec RBA still open to dollar intervention 17 Dec RBA repeats warning on high dollar 17 Dec Liquidity rules to hit bank customers More from Business Spectator Technology Adapt or die Commercial The Future of Energy Family Business Alan Kohler s Family

    Original URL path: http://www.businessspectator.com.au/news/2013/12/2/reserve-bank-australia/rba-still-waiting-injection (2014-01-12)
    Open archived version from archive


  • Private sector credit lifts in Oct | Business Spectator
    must go further to mine precious user insights if it wants to compete Will Twitter s founder strike social gold twice Biz Stone is looking to tap into the selflessness of others with his latest venture Jelly Enterprises But the just launched app will have to quickly shift into something of real value if it s to become a mainstream success Climate Carbon markets Energy markets Renewable energy Resources Solar energy Wind power CleanTech Science Environment Green Deals Policy Politics Smart Energy Latest stories Marking the milestones of 2013 Australia s transition to a clean energy economy took some political blows in 2013 but progress on the ground was heartening with energy efficiency solar and wind all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Private sector credit lifts in Oct 29 Nov 2013 11 36 AM Economy Reserve Bank of Australia Reserve Bank data shows housing business credit increases in October You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password By a staff reporter Credit growth in the private sector rose in October according to data from the Reserve Bank of Australia RBA The total value of credit provided to the private sector grew by 0 3 per cent in the month following an identical 0 3 per cent lift in September and August Annual growth came in at 3 5 per cent slightly higher than the 3 3 per cent rise over the year to August The seasonally adjusted figures were reported in the RBA s financial aggregates for October Housing credit increased by 0 5 per cent in October Over the year to September housing credit rose by five per cent Business credit inclined by 0 1 per cent after a 0 1 per cent fall in September Over the year business credit increased by 1 4 per cent Print this page Related articles 13 Jan Abbott to pursue red tape cuts 12 Jan Obama picks Fed vice chair 11 Jan US jobs growth slows sharply 10 Jan

    Original URL path: http://www.businessspectator.com.au/news/2013/11/29/economy/private-sector-credit-lifts-oct (2014-01-12)
    Open archived version from archive

  • RBA launches same-day payments | Business Spectator
    Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu RBA launches same day payments 25 Nov 2013 2 46 PM 2 Industries Financial Services Economy Reserve Bank of Australia Central bank announces direct entry payments to be settled on same day as of today You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password By a staff reporter As of today the Reserve Bank of Australia RBA will settle direct entry payment transactions on the same day rather than the next affecting around 53 billion of transactions each business day The central bank said earlier in the year that it would aim to implement same day payment settlements by the end of the year In a statement the central bank said the Payments System Board had welcomed the commencement of same day direct entry settlement at its November 15 meeting as one of the objectives put forward in its June 2012 Strategic Review of Innovation in the Payments System The majority of electronic payment files between banks and other authorised deposit taking institutions ADIs use the direct entry payment system Payments include salary welfare and dividend payments plus pay anyone internet banking transfers and direct debit bill payments A benefit of the move to same day settlement will be that funds can be made available to recipients on a timely basis without the receiving financial institution taking on credit risk the RBA said The bank said the changes had required significant overhaul to the operational and liquidity arrangement for RITS its real time gross settlement system This includes changes to ensure that ADIs have access to liquidity into the evening after the close of the interbank cash market the RBA said The Payments System Board commends the efforts of industry participants and Reserve Bank staff in achieving same day DE settlement and looks forward to continued collaboration in the payments system Direct entry settlements were previously made at 0900 AEDT on the next business day after payment instructions between ADIs were made Print this page Related articles 10 Jan NAB could consider MLC split report 08 Jan New bank rules help small lenders 07 Jan Planners to have strong 2014 07

    Original URL path: http://www.businessspectator.com.au/news/2013/11/25/financial-services/rba-launches-same-day-payments (2014-01-12)
    Open archived version from archive

  • The case for currency intervention | Business Spectator
    intrinsically tied to the extraordinary monetary policy measures that are being undertaken in the major economies of the United States Japan and the eurozone Unless the likes of the Federal Reserve begin tapering their massive asset purchasing programs the Australian dollar will remain at an elevated level The longer the Fed delays tapering the more likely the RBA is to intervene in markets and I suspect uncertainty surrounding the taper is probably delaying any central bank intervention The Reserve Bank is hoping that jawboning currency markets will be enough in the near term to keep the dollar down until the taper begins Another complicating factor is the high terms of trade which historically has been a key driver of the exchange rate as the graph below shows The long run equilibrium exchange rate in the graph is a function of the long run dynamics between the exchange rate the terms of trade and the interest rate differential though the terms of trade is the major driver The model suggests that based on the current level of the terms of trade that the Australian dollar is not hugely overvalued The main concern for the Reserve Bank right now is the cost versus benefits of direct intervention On one hand if the dollar is overvalued then intervention will be beneficial given the central bank will be selling Australian dollars high while buying foreign currencies low On the other hand there are costs involved Intervening against the Australian dollar would have involved selling Australian assets yielding say 3 per cent and buying foreign assets yielding much less in fact earning almost nothing over recent years Stevens said This negative carry would be a cost to the bank s earnings and therefore Commonwealth revenue So these two factors compete to determine whether an intervention is profitable or not The greater the overvaluation the greater the profits that the Reserve Bank will reap But it is also important to recognise the additional benefits of policy intervention higher GDP growth Because that is what this is all about We want a lower exchange rate to improve competitiveness and boost growth The RBA bottom line is important and shouldn t be disregarded but it is not as important as the economic wellbeing of the country The Reserve Bank s effort to jawbone currency markets has been successful thus far but there are limits Words will not be enough to lower the dollar to 85 or 80 US cents The unwillingness to intervene so far indicates that the central bank is either not convinced that the dollar is overvalued enough to warrant the investment or believes that the Fed will begin tapering soon enough that intervention is not necessary The former is not true given the Reserve Bank s profitability is largely determined by foreign exchange movements not to mention the broader economic benefits So the RBA may be relying on other central banks to do the right thing But perhaps it is time it put its money where its mouth is and took back control of its own future It is time to provide a little relief for Australia s struggling industries Print this page More from Callam Pickering 10 Jan Dwelling on housing growth is misguided 10 Jan The ECB is failing to do whatever it takes 09 Jan A fast to follow the spending binge 09 Jan Tinker taper the Fed s cautious path 31 Dec Bursting Bitcoin s bubble Related articles 13 Jan Aust dollar hits US90c 12 Jan NZ dollar to pass Aussie HSBC 10 Jan Aust dollar lifts in late trade 10 Jan Aust dollar edges higher at noon 10 Jan Aust dollar lifts in early trade More from Business Spectator Technology Adapt or die Commercial The Future of Energy Family Business Alan Kohler s Family Business China China Spectator Please log in or register to post comments Comments on this article Comments Policy brian lastName Fri 2013 11 22 09 42 It has taken the RBA too long to consider thid step Australia s currency is being held artificially high by world central banks and we must intervene to stop this the long term benefits will outweigh the short term costs Ken not available Fri 2013 11 22 10 04 Yeah it s all too complicated Sheesh is that the best we can come up with Sam Richards Fri 2013 11 22 10 28 Time for Australia to join the QE party We control our own currency it is over valued our currency is in high demand inflation is low why the hell don t we print say 100 billion Just for a start Even Warwick McKibbin said last year if foreign govts want to hold Oz dollars then let s give it to them the money won t circulate so will be inflation neutral and will put downward pressure on our dollar R Ambrose Raven Fri 2013 11 22 10 59 Once again a non solution that carefully avoids much more effective but much less popular methods Nothing has changed as regards the reasons for not doing so For a start intervening is as blunt an instrument as interest rates Our food processing and manufacturing sector has been in a slow decline over the past two decades eaten away by the free trade obsession of well paid ideologues Although the Noalition is working hard to sell Australia out through free trade agreements two extremely obvious measures to strengthen our economy would be to reintroduce meaningful tariffs use the free trade agreements for toilet paper after withdrawing from all except ANZCER and adopt interventionist industry policies not least being a Manufacturing Investment Bank Let us be clear that we would be severely punished for attempting to withdraw from the parasitic web of transnational capitalist exploitations Our proper role is to be plundered as the behaviour of many Laberal politicians repeatedly demonstrates Ken not available Fri 2013 11 22 11 24 Ambrose I thought for a moment that you were about to

    Original URL path: http://www.businessspectator.com.au/article/2013/11/22/australian-dollar/case-currency-intervention (2014-01-12)
    Open archived version from archive

  • US taper good news: RBA | Business Spectator
    all providing tangible proof of their future potential A fifth year of declining power consumption Power consumption fell again in 2013 dipping 2 8 per cent across the National Electricity Market as scheduled renewables rose to 12 per cent of the market Industries Advertising and Marketing Agribusiness Automotive Aviation Construction and Engineering Education Family Business Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu US taper good news RBA 20 Nov 2013 1 57 PM Industries Financial Services Economy Reserve Bank of Australia Debelle says taper will help dollar financial services price hike deliberate You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password By a staff reporter with AAP The sooner the United States begins tapering its economic stimulus program the better a Reserve Bank of Australia assistant governor says The US Federal Reserve has said it will begin to taper its 85 billion a month bond buying program when unemployment falls significantly It will be good news for the global economy when that does happen RBA assistant governor financial markets Guy Debelle told a Centre for International Finance and Regulation forum It will also help lower the Australian dollar he said which the RBA has previously described as being uncomfortably high The day when this actually comes is a desirable thing because it means that their assessment is that the US outlook is stronger Dr Debelle said As we ve said on a number of occasions we would prefer the Australian dollar be lower One major thing which will do that will be the day when the US changes its monetary policy direction The sooner that day comes the better but that s not in our hands that s in their hands In the minutes of its November board meeting released yesterday the RBA said a lower Australian dollar was needed to rebalance growth in the Australian economy Financial services price hike deliberate Debelle An increase in the price of financial services is a deliberate effect of regulatory changes in financial markets and should better reflect risk Dr Debelle said Mr Debelle told the forum that the price of financial intermediation was too low before the global financial crisis and a price hike is not an unintended consequence of the regulatory changes It was too low in the sense that risks were underpriced These risks

    Original URL path: http://www.businessspectator.com.au/news/2013/11/20/reserve-bank-australia/us-taper-good-news-rba (2014-01-12)
    Open archived version from archive

  • RBA repeats worries over high dollar | Business Spectator
    involved in monetary policy the stimulatory effects would likely continue coming through for some time the RBA said The central bank left the door open to the possibility of another cash rate cut The board s judgment was that given the substantial degree of policy stimulus that had been imparted it was prudent to hold the cash rate steady while continuing to gauge the effects but not to close off the possibility of reducing it further should that be appropriate to support sustainable growth in economic activity consistent with the inflation target the board said At the meeting the RBA kept the official cash rate on hold at a record low 2 5 per cent where it has held steady since the last cut in August Inflation remained within the central bank s target but the Australian dollar while lower than earlier in the year remained uncomfortably high the RBA said Members noted that a lower level of the exchange rate would likely be needed to achieve balanced growth in the economy they said Recent economic data suggested the Australian economy was expanding at a below trend pace the RBA said But rebalancing of the economy from mining to non mining investment would occur eventually The revised staff forecasts suggested that growth in the near term would be constrained by the decline in mining investment the high level of the exchange rate and weak public demand the minutes said Investment in housing was picking up the RBA said In time non resources business investment was also expected to increase given the low level of interest rates and recent substantial increases in measures of business confidence and conditions Members noted that while the timing of investment upturns was very difficult to predict it appeared likely that growth of the economy over the coming year would be below trend but that growth could reasonably be expected to pick up thereafter The central bank said surveys of business confidence had increased markedly over the last two months but it was too early to tell whether this meant businesses would be more willing to add to employment and investment The RBA said data showed growth of Australia s major trading partners remained around its long term average and was expected to be slightly above average next year RBA November Minutes pdf RBA November Minutes pdf Print this page Related articles 31 Dec Private sector credit rises in November 18 Dec The RBA s steely infrastructure warning 18 Dec RBA still open to dollar intervention 17 Dec RBA repeats warning on high dollar 17 Dec Liquidity rules to hit bank customers More from Business Spectator Technology Adapt or die Commercial The Future of Energy Family Business Alan Kohler s Family Business China China Spectator Please log in or register to post comments Comments on this article Comments Policy Art Flint Tue 2013 11 19 13 15 Low interest rates were supporting activity in interest sensitive sectors and asset values the central bank said But how

    Original URL path: http://www.businessspectator.com.au/news/2013/11/19/reserve-bank-australia/rba-repeats-worries-over-high-dollar-0 (2014-01-12)
    Open archived version from archive

  • Snakes and ladders in the OECD recovery | Business Spectator
    handling it differently You must be logged in to read this article Not a member yet Register today Business Spectator is available on all of your devices so you can access the latest news and commentary where and how you like Register now Already a member Sign in here Email Address Enter your Email Address Password Enter the password that accompanies your Email Address Remember me Log in Request new password Organisation for Economic Co operation and Development data show that the recovery in developed economies remains slow with Europe providing a drag on the global economy But there were a few bright spots Real GDP in the OECD rose by 0 5 per cent in the September quarter the same as in the June quarter to be 1 4 per cent higher over the year The data is still incomplete with some countries yet to report on September quarter growth including Australia but all of the largest economies in the group have posted results In the September quarter growth has been strongest in the United States and United Kingdom But growth in the US was partially driven by a stockpiling of inventories which may be unwound in coming quarters putting some downward pressure on growth Consumption growth was also relatively weak Taper waits for the American consumer November 8 We will get a better feel for the US economy later in the week when the Federal Reserve releases its minutes from its October board meeting It is a little easier to be upbeat about prospects for the United Kingdom and the Bank of England certainly was during its recent Inflation Report Clearing skies over England s economy November 14 It will still be some time before the Bank of England tightens policy but the September quarter GDP data and other data since then suggest that it may happen in late 2014 or early 2015 much earlier than previous estimates of 2016 To the surprise of not a single person the eurozone continues to drag on both OECD and global growth The eurozone expanded by 0 1 per cent in the September quarter to be 0 4 per cent lower over the year Unpicking Europe s patchwork recovery November 15 Of the countries that have reported Italy contracted the most to be 1 9 per cent lower over the year while real GDP in Spain is 1 2 per cent lower than last September Even the German economy is struggling to find any real traction The shining light for the OECD remains Japan which grew by 0 5 per cent in the September quarter to be 2 6 per cent higher over the year But growth did slow significantly in the September quarter after expanding by 0 9 per cent in the June quarter The Bank of Japan meets on Thursday and is expected to maintain its ultra loose monetary policy The pace of growth is expected to pick up in the December quarter as consumers rush to beat a

    Original URL path: http://www.businessspectator.com.au/article/2013/11/19/economy/snakes-and-ladders-oecd-recovery (2014-01-12)
    Open archived version from archive

  • Reserve Bank of Australia | Business Spectator
    Financial Services Food and Beverages Gaming and Racing Health and Pharmaceuticals HR Industrial relations Information Technology Infrastructure Insurance Manufacturing Media and Digital Resources and Energy Professional Services Property Retail Small Business SME Telecommunications The Ashes Tourism Transport and Logistics Video KGB TV China Spectator CEO Hub Leadership Lab Management Insights Young Leaders Knowledge Centre Adapt or Die Knowledge Hub Business Accelerators Webinars eBooks Menu Reserve Bank of Australia Why guesswork has a place at the RBA There is no evidence the Reserve Bank can predict GDP growth in the near term But its outlook is still invaluable by Callam Pickering 7 44am November 12 9 comments RBA reaffirms transparency push Central bank says investors support transparency in securitisation market 4 12pm November 11 The Distillery RBA growing pains Jotters are mixed on the RBA s next move following its growth downgrade while a few spy danger ahead for QE inflated equities by The Distillery 6 58am November 11 RBA lowers 2014 GDP forecast Central bank revises forecast on falling mining investment high dollar 11 42am November 08 3 comments RBA leaves door open to further rate cuts Central bank won t close off possibility of further easing to support economic activity 11 38am November 08 The Distillery RBA jawboning Scribes sympathise with the Reserve Bank which is stuck between a strong dollar and a hard place and eye possible effects of the Fed s next move by The Distillery 7 00am November 06 RBA leaves cash rate at record low 2 5 per cent Central bank holds official rate for 3rd month Australian dollar falls as Stevens delivers strong stance on exchange rate 2 30pm November 05 12 comments Strong A will eventually force RBA cut analyst Goldman official says he expects RBA to act to weigh down A 4 57am November 05 2 comments RBA not expected to cut cash rate Economists expect central bank will hold official cash rate at 2 5 today 2 44am November 05 Savers hope RBA holds rate moves Central bank expected to refrain from further rate cuts in current cycle 12 36am November 05 Benign inflation allows for further rate cut TD MI TD Securities Melbourne Institute inflation gauge rises in Oct inflation seen as benign for rest of year allowing for another cut 10 41am November 04 Stevens murky dollar premonitions The RBA governor drew a link this week between falling terms of trade and a lower dollar but omitted a number of factors that could potentially push it higher by Stephen Koukoulas 7 16am November 01 49 comments Central banks ignore bubble risk King Citi s Matt King warns central banks are in denial about asset bubbles 6 29am November 01 2 comments Big firms pay lower bank fees RBA Report shows small businesses pay up to 10 times more for card transactions 2 20pm October 29 1 comment RBA downplays property bubble fears Governor Glenn Stevens says some rise in house prices is part of normal cycle says lift is

    Original URL path: http://www.businessspectator.com.au/economy/reserve-bank-australia?page=1 (2014-01-12)
    Open archived version from archive



  •