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Australian small businesses reported an increase in sales of 3.3 per cent in December 2011, the eighth consecutive month of positive annual growth, a report from ANZ has found.
Banking | January 27th, 2012 | Continue reading »
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A report from global ratings agency Standard & Poor’s has suggested that despite the recent world-wide rush to issue covered bonds, issuers could be in for a torrid 2012.
Capital Markets | January 27th, 2012 | Continue reading » 
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Suncorp Life has combined some business lines, with consequent changes to its executive team, to focus on product development and its direct distribution business.
Insurance | January 27th, 2012 | Continue reading »
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In a widely tipped decision, the Reserve Bank of New Zealand has again left its official cash rate unchanged at 2.5 per cent, with its governor acknowledging the global economy remains ‘fragile’.
New Zealand | January 27th, 2012 | Continue reading »
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Corrs Chambers Westgarth has boosted its restructuring and insolvency capability with the appointment of an international restructuring expert as a partner in its Sydney office.
Your Career | January 25th, 2012 | Continue reading »
$120 Over the past decade, average housing costs for households with a mortgage increased by $120 per week or 42 per cent (CPI adjusted), according to the Australian Bureau of Statistics.
Americans choke on $1 coin stockpile
The UK newspaper The Telegraph reported recently that a mountain of 1.2 billion dollar coins is sitting unused in US government vaults because the American public is so attached to the traditional dollar bill. The US Mint has been producing vast numbers of the gold-coloured coins after being ordered to do so by Congress in 2005.
American taxpayers could save $500 million (A$524m) a year if they switched from paper dollars, which wear out quickly and must be replaced, to the more durable metal version, according to the US government accountability office.
Yet demand from banks for the coins has been so low that US$1.2 billion worth – which cost US$300 million to manufacture – are sitting in storage, an investigation by National Public Radio found.
According to The Telegraph, opinion polls show that three-quarters of the American public say they would prefer to carry on using the paper dollar bill, affectionately known as the “greenback”, which celebrates its 150th birthday next year.
Comment: AB+F Blog
Two early for reform: The one-year anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act passing into law rolled quietly by last month... [more]
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