Posts tagged as:

Australia

UK Stimulus Fails, Sees Sixth Quarter of Recession

October 24, 2009 · 4 comments

in UK, central banks, foreign investment, international economy, news and updates, recession, stimulus

The Bank of England surprised all economic estimates today when it revealed that the UK GDP continued to contract in the third quarter.  Most analysts were expecting modest growth, and the Bank of England itself had been jawboning the notion that there would be growth.  Instead, GDP contracted by 0.4%, which raises questions about other [...]

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What The Effects Are of A Rising Interest Rate In Terms Of Its Currency: Look At Australia

October 6, 2009 · 0 comments

in Australia, central banks, exchange rates, foreign investment, interest rates, international economy

Australia just became the first major central bank to raise its interest rate (today, October 6, 2009) since the beginning of the financial crisis of 2008-2009.  From 3.00%, it raised rates 25 basis points to 3.25%. So what?  What does this mean, you might be asking?
Below I’ll take a look at some of the effects [...]

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Australian Mutual Fund Blocks Investors From Withdrawing Money

October 27, 2008 · 0 comments

in Australia, international economy, news and updates

Colonial First State is the latest wealth management company to freeze funds down under: previously Perpetual, AXA, and Australian Unity did last week.  Read the coverage here.
Could this happen in the US and/or Canada?  You bet.  Why not?  Getting pretty scary.  Nothing like someone preventing you from taking your money before it falls to zero.
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