Finance News
Today the RBA cut the Australian cash rate by 25 basis points to 3.5%, effective 6 June 2012. The Board said that with modest domestic growth and a weaker and more uncertain international environment, the outlook for inflation afforded an escape for more accommodative monetary policy. The Board noted that Europe would remain a potential…
There are a number of tax and legislative changes coming into play from 1 July 2012. Read on for our summary of these changes. Flood Levy The flood levy was introduced for this financial year 2011/12 only. It will cease to be effective after 30 June 2012 Income Tax The statutory tax-free threshold increases…
Finance Guru Pre June 30 Tax Tips TIP 1 – PREPAY PRIVATE HEALTH INSURANCE If you’re likely to be hit by the new means test on the tax rebate for private health insurance, you should consider prepaying next year’s premium before June 30. ”The Tax Office put out a ruling in 2004 that says you get…
By TYLER COWEN (Tyler Cowen is a professor of economics at George Mason University). Published: May 26, 2012 – New York Times AS problems mount in the euro zone, it’s increasingly evident that we’ve been witnessing an institutional failure of monumental proportions. What is to be done about Greece? Simply keeping it in the euro…
In the Nexus of Politics, Economics and Financial Markets A pivotal second Greek election and a European summit on growth next month could determine the future of the eurozone and the trajectory of global financial markets as the European debt crisis once again is dominating investor sentiment. At the same time, a much-discussed “fiscal cliff”…
The much anticipated IPO of Facebook took place Friday week ago with the shares closing only marginally above their issue price of $38. JB Were Global Investment analyse how expensive they are compared to other technology stocks such as Apple and Google, feel free to read the full report click here
A Bear Market is a period in which prices of securities or commodities fall by 20% or more. During such periods investment interest is limited. Concerns about the state of the economy abound, and dealers and speculators are more inclined in selling their investment portfolios than to increase their risk by buying or holding.
The days are getting shorter and the nights colder – winter is on its way. As the temperature drops, here are some cost-effective ways to keep you warm this winter. Your Home Unfortunately the cold weather doesn’t pick and choose. Whether you live in an apartment, a flat, a house or a townhouse, the cold…
