China may have $1.7 trillion of risky loans, IMF report says
Video will begin in 5 seconds. Why the Future Fund fears for China David Neal manages the $118 billion Future Fund, and here's why he's worried that China's transition from an infrastructure-driven economy to one carried more by consumers. PT0M39S 620 349 China may have $US1.3 trillion ($1.7 trillion) loans extended to borrowers that don't have sufficient income to cover interest payments, with potential losses equivalent to 7 per cent of the country's gross domestic product, ..>> view originalLosing Australia's AAA rating could push up home loans
Video will begin in 5 seconds. AAA credit rating at risk Ratings agency Moody's says Australia could lose its AAA credit rating if it doesn't increase taxes and cut spending. Courtesy ABC News 24. PT1M41S 620 349 A downgrade to Australia's top-notch credit rating would likely push up interest rates on home loans by forcing the major banks to pay about $200 million a year more when borrowing from global markets, according to the most conservative estimates. The sustainability o..>> view originalRio Tinto downplays interest in Anglo American's Australian coal assets
Rio Tinto's Sam Walsh, the outgoing chief executive officer, at the miner's annual general meeting in London on Thursday. Luke MacGregor Chief executives tend to play down speculation involving mergers and acquisitions so it's often helpful to take their comments with a grain of salt. However, Rio Tinto chief executive Sam Walsh seemed genuine enough on Thursday when he poured cold water on reports the London-based mining house was eyeing Angl..>> view originalEconomists looked at jobs, RBA, finance
Economists looked at jobs, RBA, financeGarry Shilson-Josling, Aap EconomistAAPApril 15, 2016 4:02PMSavePrint Economists looked at jobs, RBA, financeFalling unemployment, rising housing finance, the RBA's worries about financial stability and the chance of a global recession all went into the mix for economists this week.On Tuesday, official figures showed housing finance approvals ticked up in February, bucking a downward trend.Westpac's Matthew Hassan said the figures were notable for a jump i..>> view originalAustralian dollar at nine-month high
Strong Aust job data leads to NZ dollar dip
Realtor McGrath shares in trading halt
Realtor McGrath shares in trading haltBy Petrina BerryAAPApril 15, 2016 4:54PMSavePrint Realtor McGrath shares in trading haltReal estate company McGrath has gone into a two-session trading halt to review its earnings forecast as the housing market eases.McGrath, which only listed on the Australian share market in December, has placed its shares on hold so it can assess how its earnings are progressing against the prospectus forecast.It plans an update to market before the securities recommence..>> view original
Friday, April 15, 2016
China may have $1.7 trillion of risky loans, IMF report says and other top stories.
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