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Found 7 results

  1. The Pom Queen

    Interest Rate Drops

    At its meeting today, the Board decided to lower the cash rate to 4.25 per cent. Growth in the global economy has moderated this year after a strong performance in 2010. Some of the slowing reflected temporary factors, and as these passed, the pace of expansion in the US and much of Asia began to pick up around mid year. China's growth has been slowing, as policy-makers there had intended. Trade in Asia is now, however, seeing some effects of a significant slowing in economic activity in Europe.
  2. Australian dream fades for Brits - report "THE number of Britons emigrating to Australia each year has almost halved, according to new figures published by British media. Britain's Office for National Statistics has released data showing that residents of Blighty are leaving at their lowest rate for more than a decade."
  3. The Pom Queen

    Australian Dollar Drops

    THE Australian dollar was a little lower after Standard and Poor's cut Spain's credit rating. At midday (AEDT) today, the Australian dollar was trading at 101.47 US cents, down from 101.89 cents on yesterday. Since 7.00am (AEDT) today, the local unit traded between 101.96 US cents and 101.50 cents. Standard & Poor's cut Spain's credit rating to "AA-" from "AA" with a negative outlook, saying the country's high unemployment and "the likely economic slowdown in Spain's main trading partners" prompted the downgrade. The downgrade came at the end of a week in which the Australian dollar had gained four US cents on optimism there would be a resolution to the eurozone debt crisis. CMC Markets foreign exchange dealer Tim Waterer said the downgrade caused some the of high-yielding currencies like the Australian dollar to come off the boil. "The latest headline was the Spanish credit downgrade. That threw a spanner in the works as far as the ascent of risk assets this week," Mr Waterer said. "That had the currency hovering around that 101.50 to 101 90 range. "The market feels like it was indecisive in terms of how much of this downgrade was priced in. There was a kneejerk reaction and it has been rangebound since." Mr Waterer was still positive about the Australian dollar. "Particularly on the economic front, we've had a good run of economic data. "The longer the run we can have without negative data coming out then that will help the Australian dollar's chances of remaining above the parity level." Mr Waterer said he expected the Australian dollar to trade in a range between 101.25 US cents and 101.90 cents today afternoon. Meanwhile, the Australian bond market was firmer at noon. At 12.30pm (AEDT) today, the December 10-year bond futures contract was trading at 95.555 (implying a yield of 4.455 per cent), up from 95.510 (4.490 per cent) yesterday. The December three-year bond futures contract was at 96.190 (3.810 per cent), up from 96.130 (3.870 per cent).
  4. a song to a film--which film--if you guess right,its your go--i will give some rep as a prize to who gives the right answer:wubclub:
  5. With back door swinging shut, immigration drops Immigration is in free fall, with new figures showing net permanent and long-term overseas arrivals have plunged to barely half last year's levels. Bureau of Statistics data shows that in the wake of the Rudd government's crackdowns on immigration rorts, net arrivals for the June quarter slumped to 32,700 - down from 58,940 a year ago and almost 60,000 in 2008. A record 81,440 permanent or temporary residents left in the June quarter to live overseas, while just 114,400 new or returning residents arrived, down 15 per cent from last year. Annual figures show that the sharpest fall has been in arrivals of Indians aiming to live here. In 2008-09, Indians formed the largest group of new permanent or temporary residents, with more than 80,000 arriving to study, work or settle here. But in 2009-10, the number of Indians arriving shrank by a third to just 55,000. Fewer than 3000 left, as most Indians who come here to study stay on as workers. The sharp fall follows reforms to shut the back door by which foreign students in low-level courses such as cooking and hospitality could stay on as permanent residents. It also follows the killing of an Indian student in Yarraville. For the year to June, net arrivals of permanent and long-term residents plummeted 28 per cent from 336,000 to 243,000. Within that tally, net arrivals of New Zealanders shrank almost 40 per cent, from 30,600 to 18,800, while net arrivals from Britain plunged from 44,600 to 34,100. The figures pull the rug out from opposition claims that immigration is out of control. They show that the cut they have promised in migration is already happening, and fast. Opposition Leader Tony Abbott has pledged to cut net overseas migration to 170,000 by 2012-13. That is a different measure from net overseas arrivals, but it follows the same trends. The latest figures, for the December quarter of 2009, show net overseas migration also fell 28 per cent year on year. While most of the fall in 2009-10 was in arrivals of temporary residents such as students, arrivals of permanent migrants also fell 11 per cent, from 158,000 to 140,600. Most of that fall was in migrants from New Zealand and Britain, but permanent migrants from India also fell 10 per cent. New Zealand (18,100) remained our main source of migrants, ahead of China (16,600), India (15,600) and Britain (15,500). A record 4450 settlers arrived from Sri Lanka, many as refugees Thanks VIJ
  6. News item from the BBC. Good news for Aussie. BBC News - Australian employment rises sharply
  7. This week the Austalian Bank Base rate has dropped the rate from 3.25% to 3%. Most of the lenders have not passed the full reduction, and customer product rates are now all around the 5% rate. If anyone needs advice, contact me.