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WESTPAC'S decision to push through a bigger than expected 45-basis-point rise across its standard variable mortgage rate follows intense competition for deposits that is prompting banks to turn to home owners to claw back higher funding costs. The bank' Full Article at The Age
BEEF producer Australian Agricultural Company has successfully refinanced debt due next year and in 2011. AACo said debt facilities totalling $330 million would replace maturing debt obligations. Full Article at The Age
A woman walks past a branch of National Australia Bank (NAB) in east Sydney July 22, 2009. View Photo »
The Reserve Bank of Australia (RBA) lifted the key cash rate 25 basis points to 3.75 per cent and called its three hikes a material adjustment, but offered no guidance for further moves. Full Article at Irish Times
THE sharemarket ended the day stronger after Australian investors shrugged off news of a much-expected interest rate hike. Full Article at The Daily Telegraph
THE sharemarket ended the day stronger after Australian investors shrugged off news of a much-expected interest rate hike. Full Article at NEWS.com.au
An office worker waits next to a branch of National Australia Bank (NAB) in east Sydney July 22, 2009. View Photo »
MELBOURNE - The share market ended the day stronger after Australian investors shrugged off news of a much-expected interest rate hike. Full Article at New Zealand Herald
THE share market ended the day stronger after Australian investors shrugged off news of a much-expected interest rate hike. Full Article at Herald Sun
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A woman walks past a branch of National Australia Bank (NAB) in east Sydney July 22, 2009.
View Photo »An office worker waits next to a branch of National Australia Bank (NAB) in east Sydney July 22, 2009.
View Photo »A woman walks past a branch of National Australia Bank (NAB) in east Sydney July 22, 2009.
View Photo »A customer uses an automatic teller machine at a National Australia Bank branch in Melbourne April 28, 2009. Shares in National Australia Bank (NAB), the nation's top lender, fell 3.5 percent on Tuesday after it reported a 9.4 percent fall in first-half cash earnings, and rising bad debts.
View Photo »Pedestrians walk past construction fencing outside a National Australia Bank branch in Melbourne April 28, 2009.
View Photo »Pedestrians walk past a National Australia Bank branch in Melbourne April 28, 2009. Shares in National Australia Bank (NAB), the nation's top lender, fell 3.5 percent on Tuesday after it reported a 9.4 percent fall in first-half cash earnings, and rising bad debts.
View Photo »Cameron Clyne, CEO of National Australia Bank (NAB), speaks during a news conference in central Sydney April 28, 2009.
View Photo »Cameron Clyne, CEO of National Australia Bank (NAB), speaks during a news conference in central Sydney April 28, 2009.
View Photo »Cameron Clyne, CEO of National Australia Bank (NAB), speaks during a news conference in central Sydney April 28, 2009.
View Photo »National Australia Bank Chairman Michael Chaney addresses shareholders at the bank's Annual General Meeting in Melbourne December 18, 2008.
View Photo »National Australia Bank Group Chief Executive John Stewart waits for the banks' Annual General Meeting to begin in Melbourne December 18, 2008.
View Photo »National Australia Bank Chairman Michael Chaney addresses shareholders at the bank's Annual General Meeting in Melbourne December 18, 2008.
View Photo »National Australia Bank Chairman Michael Chaney addresses shareholders at the bank's Annual General Meeting in Melbourne December 18, 2008.
View Photo »National Australia Bank (NAB) chief executive Cameron Clyne (R) delivers company full-year results in Sydney on October 28, 2009.
View Photo »National Australia Bank (NAB) chief executive Cameron Clyne delivers company full-year results in Sydney on October 28, 2009.
View Photo »People (below) gather prior to the arrival of National Australia Bank (NAB) chief executive Cameron Clyne who delivered company full-year results in Sydney on October 28, 2009.
View Photo »National Australia Bank (NAB) chief executive Cameron Clyne delivers company full-year results in Sydney on October 28, 2009.
View Photo »National Australia Bank (NAB) Chief Executive Officer Cameron Clyne arrives at the company's results news conference in Sydney October 28, 2009.
View Photo »National Australia Bank (NAB) Chief Executive Officer Cameron Clyne takes questions during the company's results news conference in Sydney October 28, 2009.
View Photo »National Australia Bank (NAB) Chief Executive Officer Cameron Clyne scratches his head during the company's results news conference in Sydney October 28, 2009.
View Photo »Customers use National Australia Bank autotellers in central Sydney October 28, 2009.
View Photo »A shopper walks past a bargain store in surburban Melbourne December 9, 2008. Australian businesses slumped into recession in November as activity dived to depths not seen since the early 1990s and confidence crumbled to record lows, an influential survey reported on Tuesday.
View Photo »A pedestrian walks past a jeweller's store in central Melbourne December 9, 2008. Australian businesses slumped into recession in November as activity dived to depths not seen since the early 1990s and confidence crumbled to record lows, an influential survey reported on Tuesday.
View Photo »A pedestrian walks past a barber advertising cheap haircuts in suburban Melbourne December 9, 2008.
View Photo »A closing-down sale sign is seen in a bargain store in suburban Melbourne December 9, 2008. Australian businesses slumped into recession in November as activity dived to depths not seen since the early 1990s and confidence crumbled to record lows, an influential survey reported on Tuesday.
View Photo »An office worker waits next to a branch of National Australia Bank (NAB) in east Sydney July 22, 2009.
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