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Australia

Kabul joins queue for bank services

AUSTRALIA - Two months after John Howard promised Australian help to rebuild Afghanistan's war-ravaged central bank, the Reserve Bank of Australia official chosen to advise his Afghan counterparts is still cooling his heels in Sydney, The Australian…

Banks tackle RBA in new card twist

AUSTRALIA - The Australian Bankers' Association (ABA) says the Reserve Bank of Australia (RBA) has hired a lobbyist to promote credit card reform.

Banks in fight over card fees

AUSTRALIA - Banks and credit card issuers are in disagreement with the Reserve Bank of Australia (RBA) over credit card reforms.

RBA is losing minds in credit card battle

FEATURE - The Reserve Bank is digging itself into a hole in its new role as a consumer advocate and risks damaging its relations with the banks over its efforts to "reform" Australia's credit-card system.

Speech by Glenn Stevens of the RBA, 6 March

SPEECH - Stevens said in the speech titled 'Economic Performance and Issues in 2002' that "as best as we can judge, the economy is not only continuing to expand, but has reasonable prospects of continuing to do so in the near term".

Gold loses its shine as banks sell, costs fall

AUSTRALIA - A third of the gold ever mined, or 30,000 tonnes, is stored in central banks around the world. The banks want to lower their reserves in favour of higher yielding investments such as bonds and currency.

Asian economies on the mend

ASIA - While many of Asia's economies are stagnating or deep in recession, anecdotal evidence emerges from Singapore, Taiwan, South Korea and Australia that a recovery could be under way.

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