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Results 1 - 10 of 14 for debt

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  1. News - World - AUSTRALIA

    Australian Treasurer Joe Hockey warns of US-style debt shutdown

    Posted Nov 15th 2013, 04:00am by AFP

    ... Agence France-Presse in Sydney US-style debt shutdown 'looming' Australian Treasurer Joe Hockey warned yesterday of a US-style government shutdown if the Labor opposition refuses to agree to lift the nation's debt ceiling to A$500 billion (HK$3.6 trillion). The current ceiling of A$300 billion will be breached on December 12 and while a bill to raise it passed ...

    http://www.scmp.com/news/world/article/1356068/australian-treasurer-joe-hockey-warns-us-style-debt-shutdown
  2. Business - Economy - AUSTRALIA

    Australia to lift debt ceiling to US$486b

    Posted Oct 23rd 2013, 03:00pm by AP

    ... Associated Press in Canberra The Australian government plans to raise the nation’s debt ceiling by a whopping two-thirds to A$500 billion (US$486 billion) in a bid to avoid any future Washington-style political crisis over spending. The conservative government, elected last month, said on Tuesday latest data showed that debt was on track to reach the current A$300 billion ceiling ...

    http://www.scmp.com/business/economy/article/1337970/australia-lift-debt-ceiling-us486b
  3. News - Asia - AUSTRALIA

    Australian PM Tony Abbot mulling new deficit reduction tax, despite campaign pledge

    Posted Apr 29th 2014, 12:44pm by Associated Press in Canberra

    ... Associated Press in Canberra Conservative administration facing fiscal deficit warns high-earning Australians they may have to pay levy to reduce government debt, in spite of electoral ... deficit reduction levy to be paid by higher income earners. Abbott has warned that his conservative government faces tough decisions to rein in mounting debt in its budget blueprint for the fiscal ...

    http://www.scmp.com/news/asia/article/1499813/australian-pm-tony-abbot-mulling-new-deficit-reduction-tax-despite
  4. Property - International - AUSTRALIA

    Australian homeowners paying off mortgages at breakneck pace

    Posted Apr 23rd 2014, 05:20am by Reuters

    ... Reuters in Sydney Australians have been rapidly paying down their housing debt in recent years, as a form of saving Homeowners pay off mortgages at breakneck pace The adage "safe ... and that's just not happening while so many are ahead on their debt." Australia is unusual by global standards because about 85 per cent of all mortgages are at variable rates and, unlike fixed ...

    http://www.scmp.com/property/international/article/1494491/australian-homeowners-paying-mortgages-breakneck-pace
  5. News - Asia - AUSTRALIA

    Australian PM works to sell harsh budget as ‘pain with a purpose’

    Posted May 13th 2014, 11:10am by Agence France-Presse in Canberra

    ... is a problem-solving budget because we do have a very serious problem of debt and deficit.” Tony Abbott To counter this, Treasurer Joe Hockey is widely expected to hand down a harsh budget that includes a levy ... budget because we do have a very serious problem of debt and deficit, stretching as far as the eye can see. But it’s also a nation-building budget.” As well as cuts that will hit the pockets ...

    http://www.scmp.com/news/asia/article/1511168/australian-pm-works-sell-harsh-budget-pain-purpose
  6. News - Asia - AUSTRALIA

    Australia rejects Qantas’ request for multi-billion dollar loan

    Posted Mar 05th 2014, 11:08am by Associated Press in Canberra

    ... on Monday decided against providing Qantas with a debt facility, and instead agreed to relax foreign ownership restrictions which impede the airline’s ability to raise capital. Prime Minister Tony ...

    http://www.scmp.com/news/asia/article/1440814/australia-rejects-qantas-request-multi-billion-dollar-loan
  7. Property - International - AUSTRALIA

    Little sign of housing market bubble in Australia, says Reserve Bank chief

    Posted Aug 22nd 2012, 12:00am

    ... begun to tick up again thanks to lower interest rates and a sound banking system still able and willing to lend. Yet mortgage arrears are negligible, household debt has stabilised, savings ... when interest rates were slashed in the wake of the global financial crisis. Like many Western countries, the ascent of home prices was fuelled by debt. Since 1995 mortgage loans outstanding ...

    http://www.scmp.com/property/international/article/1020217/little-sign-housing-market-bubble-australia-says-reserve-bank
  8. Business - Commodities - AUSTRALIA

    Fortescue Metals a headache for Merrill

    Posted Sep 18th 2012, 12:00am by Sean Kennedy

    ... are concerned Fortescue may renegotiate existing debt facilities. It is also in the spotlight since its shares were suspended on Friday, when it said it expected to make an announcement about restructuring its heavy debt load by this week. Fortescue has become something of a lightning rod for investor concerns about the prospects for Australia's resources boom, which is stumbling after ...

    http://www.scmp.com/business/commodities/article/1039414/fortescue-metals-headache-merrill
  9. Property - International - AUSTRALIA

    Australian firm UGL plans to split into two separate companies

    Posted Aug 14th 2013, 12:00am by Bloomberg

    ... S&P/ASX 200 index. The company plans to complete the integration of DTZ globally and the property unit's global headquarters in the US and focus on reducing debt before the demerger, it said. ...

    http://www.scmp.com/property/international/article/1296404/australian-firm-ugl-plans-split-two-separate-companies
  10. News - Asia - AUSTRALIA

    Tony Abbott sweeps into power in landslide win in Australian election

    Posted Sep 08th 2013, 12:00am by AFP

    ... campaign. He made a paid parental leave scheme his "signature" policy, while pledging to scrap the carbon tax and make billions of dollars of savings to bring down debt. Rudd said Labor ...

    http://www.scmp.com/news/asia/article/1305932/tony-abbott-sweeps-power-landslide-win-australian-election

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