Last year, Export Finance and Insurance Corporation (EFIC) re-launched the Export Working Capital Guarantee (EWCG) facility to extend its range of products to Australian exporters.
Offshore selling of Australian bank stocks had been overdone in recent months because fears that the home-lending market would collapse were unfounded, JP Morgan said on Tuesday.
Brightpoint, Inc.
The venture capital industry has struck a regulatory barrier in its plans to attract overseas investment into Australian funds, prompting a political tussle that could determine whether Australian start-ups gain access to fresh capital.
There are concerns that the recent interest rate rises in Australia will shatter levels of confidence, leading to a fall in investment and employment levels.
Interest rates in Australia have been raised for the fifth time in nine months. The new rate was set at 6.25% by the Reserve Bank of Australia amidst fears of runaway inflation.
St. George Bank has agreed to acquire the Scottish Pacific Business Finance Group (SPBF) for 42 million Australian dollares, subject to formal Board approvals.
