2012_0302 ALPspill Results
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Sue Mitchell New Woolworths chief executive Grant O’Brien expects his challenges to continue. Photo: Rob Homer Woolworths has delivered its weakest profit growth for 13 years but reassured investors that more than $5 billion reinvested in its business and a renewed focus on costs will start to deliver returns in 2013.
The results for the second European 3 year discount window operation, pardon LTRO are in, and the winner is...
The Reserve Bank of Australia (RBA) has backed the claim of Australia n lenders that funding costs sourced from overseas have risen. RBA Governor Glenn Stevens said that while the central bank's cash rate has gone down 50 points since the middle of 2011, costs of funding the books has not come down that much. "Relative to the rate we set, the funding costs have gone up a little but because they haven't fallen as much as the cash rate and the banks have responded to that in a way that you would expect thy would," ABC quoted Mr Stevens. Christian Carrillo, head of interest rate strategy of French lender, Societe Generale, said on Monday that the Australian banks' claim of higher funding costs is disproved by data from the RBA and the Australian Prudential Regulation Authority.
HSBC endured a fierce backlash after it was revealed last year that NHFA, a subsidiary, mis-sold investment products to customers with an average age of 83.
HSBC chief executive Stuart Gulliver will take home more than £12m for hitting his targets. Photograph: Claro Cortes / Reuters
But as of spoke, interrupted with an inquiry of his own: what would it take to make iPhones in the United States?
Who are these companies and what do they want from me?
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Stephen Conroy . . . the IT enthusiast and Minister for Communications, Broadband and the Digital Economy says the NBN’s ubiquity will change our lives. Photo: Andrew Meares