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Guide to offshore investment products
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Despite the general public becoming increasingly wary of the internet, Victoria Hartley finds that the banks still believe it is their future. The internet is old news according to the popular press. People are logging off in their thousands and the hysteria over technology and new media in all its forms has subsided and been replaced by wary cynicism. That may be so. But the fact remains that where web-surfing enthusiasm might be waning in the face of advertising saturation, technology glitches and poor-quality websites, the offshore banking fraternity sees a beginning, not an end. According to the Office for National ...
We've only had a week of the election campaign so far, but we are well on the way towards a rate rise from the Reserve Bank next Tuesday. We are not there yet: the consumer inflation figures on Wednesday will be the big test, but the flow of data from here and offshore has turned positive. The fragile European banking system was strengthened by the mostly positive results of the bank stress tests released on Friday. That should convince the RBA that the financial system is not threatened by Europe's weakened banks and sovereign debt problems. On the basis of the test ... Read More
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