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Home Lending Still On The Rise
So if a company like Crane Group says it won’t see any benefit from the housing upturn for at least a year (see accompanying story), then the housing splurge must be in its early days.
Read MoreCommodities: Sugar Up, Gold, Copper, Oil,
Gold futures fell below $US960 an ounce in New York on Friday after the July US jobs report and stronger dollar curbed the metal’s attractiveness as an alternative investment.
Read MoreResults: WAN, SUN
Poor results, anticipated, but poor nevertheless from two companies on either side of the continent on Friday.
Read MoreHouse Prices Rebounding
After falling 6% from their peak, average capital city house prices have started to rise again in Australia. With the economic downturn turning out to be milder than expected (at least so far), the slump in mortgage rates has drowned out the impact of rising unemployment.
Read MoreANZ’s Asian Dash
ANZ shares rose 3% yesterday, or 57 cents to $19.57 after the bank confirmed it had paid around $A690 million to the Royal bank of Scotland for assets in six Asian countries.
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