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The combination of higher interest rates and the expiry of the boost to the first homeowners' grant has driven a big fall in housing finance in January.
A larger than expected fall in housing finance commitments could stay the Reserve Bank's hand and spare borrowers another interest rate rise, economists say.
(RTTNews) - The number of loans for housing in Australia fell sharply in January. The Australian Bureau of Statistics reported Wednesday that the number of finance commitments for owner occupied housing declined a seasonally adjusted 7.9 percent compared to December.
Mukhriz said the Islamic unit trusts in the country has emerged as a significant growth area for the overall unit trust and fund management industry.
(AP:PITTSBURGH) EQT Corp. said Tuesday it plans to offer 12.5 million shares of common stock to finance additional operations in the Appalachian Basin.
09 March 2010 Dubai, UAE: Global Banking Corporation [GBCORP] was recently honored with the 'Best Islamic Bank' in Bahrain award, from Islamic Finance News in Malaysia, a specialized Islamic finance magazine.
(AP:WHIPPANY, N.J.) Suburban Propane Partners LP said Tuesday that it plans to lift $225 million from a debt offering. The propane and fuel oil distributor, along with subsidiary Suburban Energy Finance Corp., will sell senior notes that mature in 2020.
(AP:JUNEAU, Alaska) A bill that would change Alaska's system of taxing oil and gas production together got its first hearing Tuesday, with consultants giving the Senate Finance Committee a rundown on the separation of the two.
Select Medical Holdings Corp. shares tumbled Tuesday, a day after a media report said the Senate Finance Committee is investigating patient deaths and allegations of substandard treatment at long-term care hospitals.
09 March 2010 HSBC Amanah has collected 11 awards at the Islamic Finance News Awards 2010, which recognise excellence and leadership in Islamic finance.
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