Finance news & opion
NAB first to move on interest rates

National Australia Bank is the first of the big four banks to announce it will cut its standard variable home loan rate after the Reserve Bank of Australia slashed the cash rate on Tuesday.

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RBA slashes rates by 0.50 per cen
The Reserve Bank of Australia (RBA) has dropped the official cash rate by 50 basis points from 4.25 per cent to 3.75 per cent at its board meeting today.

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China loosens grip on its currency

China has loosened its grip on its currency, letting the yuan move a little more freely against the US dollar from today.

The People's Bank of China announced on the weekend that it would let the yuan fluctuate by up to 1 per cent on either side of its trading band.

 

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NAB cuts rates by less than RBA

National Australia Bank (NAB) has cut its variable home loan rates by 0.32 per cent, less than the central bank's rate cut.

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Uni releases new carbon price modelling

 Queenslanders - heavily dependent on coal to generate electricity - will wear the biggest increase in power charges due to the carbon price, according to new economic models.

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Oil prices fall as Iran tensions ease

Oil was slightly lower Monday as tensions eased over Iran's nuclear program.

Benchmark US crude fell four cents to $US102.79 per barrel in New York. But Brent crude, which is used to benchmark the price of oil produced outside of the US, lost $US2.72 to $US118.49 per barrel in London. Middle East tensions were the primary reason Brent rose 13 per cent this year through Friday.

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