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Construction slumps for nine straight months Date: 03-08-2011

Australia's building sector contracted again in February, but there was a slight easing in the pace of decline.

The Australian Industry Group's Performance of Construction Index rose 4.4 points in February to a reading of 44.6.

However, that is still well below the key 50-point level indicating growth more
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samaller lenders and non Date: 06-15-2010
Smaller lenders and non-banks in Australia could get a much-needed boost by repackaging asset-backed debt into US-dollar securities. Members Equity and Macquarie Group demonstrated earlier this week that there is a demand for US-dollar asset-backed securities from foreign investors, after their bids received a warm reception. Full story
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borrowers are unlikely to get Date: 06-09-2010
Borrowers are unlikely to get any respite from lower borrowing costs for the forseeable future as the big banks continue to replace tens of billions of dollars of cheaper-priced debt at much higher rates.
That was underlined by ANZ yesterday when it disclosed that the new long-term debt it is taking on is costing 20 per cent more than the average price across its $90 billion portfolio of borrowings that extend to the 2014 financial year. Full Story
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