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RBA in No Hurry to Move Again: Experts

The Reserve Bank of Australia RBA has duly delivered on a widely expected interest rate cut, but offered little to suggest it is the start of a sustained period of monetary policy easing.After a run of 12 successive rate rises, the RBA on Tuesday lowered the cash rate for...

Tags: Interest Rate, Mr., Inflation, RBA, Currency & Foreign Exchange, Finance, AAP

News items 2008-09-02

Trade Balance Returns to Deficit

Australia's trade balance returned to deficit in July as oil imports surged and coal exports declined.The Australian Bureau of Statistics said on Thursday there was a trade deficit of $717 million in July, a turnaround of about $1 billion from last month's $351 million surplus.The median market forecast was...

Tags: Coal, Import, Economist, July, RBA, Australian, Corporate Governance, Investment, Free Trade, Financial Services, Business Operations, Corporate Law, Finance, AAP

News items 2008-09-04

Economy at Risk Unless Rates Cut: RBA

The Reserve Bank of Australia has indicated it sees a need for quick action to cut interest rates to prevent a deep and persistent downturn in the economy.The minutes of the RBA's last board meeting, released, show the central bank remains concerned about the inflation outlook.But it now appears...

Tags: Bank, Board, Cut, Commercial Bank, Financial Condition, RBA, Corporate Governance, Currency & Foreign Exchange, Financial Services, Business Operations, Corporate Law, Finance, AAP

News items 2008-08-19

'Two Years of Cuts' If Inflation Falls

A leading economist says Australian homeowners could enjoy interest rate cuts for the next two years as long as inflation falls.ANZ chief economist Saul Eslake said there was no doubt in the financial markets that the Reserve Bank would cut official interest rates by 25 basis points - amounting...

Tags: Bank, Interest Rate, Economist, Mr., Inflation, RBA, Financial Services, Financial Planning, Currency & Foreign Exchange, Finance, AAP

News items 2008-09-01

Swan Slams Banks' Rates Stance

Federal Treasurer Wayne Swan says the retail banks will be putting the economy at risk if they don't match any interest rate cut by the Reserve Bank of Australia RBA.The RBA will release minutes from its August 5 board meeting on Tuesday - a meeting where it appears to...

Tags: Bank, Interest Rate, RBA, Financial Services, AAP

News items 2008-08-18

RBA Believes Retail Banks Can Cut Rates

The Reserve Bank of Australia RBA has joined in the growing row over whether retail banks should cut mortgage rates if the central bank does, saying they should.Speculation remains rife that the RBA will cut its key cash rate next month, despite figures on Wednesday showing stronger than expected...

Tags: Bank, RBA, Financial Services, AAP

News items 2008-08-13

RBA's Battellino Goes Into Bat For Banks

The Reserve Bank of Australia RBA said that it was in a position to consider cutting interest rates because reduced household spending made such a move "a lot easier".The RBA also defended the big commercial banks' refusal to commit to passing on any potential rate reduction, despite noting that...

Tags: Bank, Financial, Interest Rate, Mr., Inflation, RBA, Currency & Foreign Exchange, Financial Services, Financial Planning, Finance, AAP

News items 2008-08-14

Additional Resources

Large crowds participate on-site and online in Ritchie Bros. Phoenix and Houston unreserved auctions

VANCOUVER, Aug. 25 /PRNewswire-FirstCall/ -- Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, conducted two large unreserved public auctions in Houston, TX and Phoenix, AZ last week, with gross auction proceeds of more than US$23 million and close to US$35 million, respectively. Almost 2,000 bidders...

Articles 2008-08-25

The Daily Record News Briefs: August 21, 2008

RBA seeks ATHENA nominations The Rochester Business Alliance's Women's Council is seeking nominations for its 23rd annual ATHENA Award, which recognizes area businesswomen for professional, personal and community service achievements. An international program, the ATHENA Award program actively supports and celebrates women...

Articles 2008-08-21

Ritchie Bros. to auction remaining assets of PERFORMANCE TRANSPORT and ALVAN

More than 2,000 transportation equipment items will sell to highest bidders around the world. VANCOUVER, Aug. 20 /PRNewswire-FirstCall/ -- Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest truck and industrial equipment auctioneer, announced today that it will be selling approximately 1,000 specialized car carriers on...

Articles 2008-08-20

Internet buyers have large presence at Ritchie Bros. Las Vegas unreserved auction

LAS VEGAS, Aug. 18 /PRNewswire-FirstCall/ -- Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, conducted an unreserved public auction on August 15, 2008 in Las Vegas with auction proceeds in excess of US$30 million. More than US$29 million of trucks and equipment (representing 95 percent...

Articles 2008-08-18

Australia's central bank signals interest rate cut

SYDNEY AFP — Australia's central bank indicated Thursday that it would soon cut interest rates for the first time in more than six years amid signs of an economic slowdown. A series of interest rate hikes had cooled demand and households had cut back on spending, Reserve Bank...

Articles 2008-08-13

Ritchie Bros. conducts record-breaking heavy equipment auction in Moncofa, Spain

MONCOFA, SPAIN, July 7 /PRNewswire-FirstCall/ -- Ritchie Bros. Auctioneers (NYSE and TSX: RBA), the world's largest industrial auctioneer, conducted the largest Spain auction in Company history last week, selling euro20 million (US$32 million) of used and unused heavy equipment and trucks over two days (July 3...

Articles 2008-07-07

Area presence on tax group strong in Rochester and Monroe County

Both as a homeowner and small business person, the choice to join was simple for Daniel Buerkle. "I worry that my grandkids are not going to be able to afford to live in this state," said Buerkle, the owner of The Rug Market...

Articles 2008-07-03

Corporate Charity Challenge Inspires Healthy Competition, Charitable Contributions among Local and National Organizations

100% of Entry Fees Support Designated Team Charities; Team with Best Overall Performance Wins Additional $50,000 for Chosen Beneficiary CHANHASSEN, Minn. -- Life Time Fitness, Inc. (NYSE: LTM) today announced the organizations participating in the second annual 2008 Life Time Fitness Corporate Charity...

Articles 2008-07-01

Ritchie Bros. customers generate record US$268 million week, choose best of on-site and online worlds

Record-breaking Atlanta and Australia auctions just two highlights of busy auction week VANCOUVER, June 30 /PRNewswire-FirstCall/ -- Equipment buyers and sellers demonstrated their ongoing preference for Ritchie Bros. Auctioneers' (NYSE and TSX: RBA) full service unreserved industrial auctions last week, helping the Company set...

Articles 2008-06-30

Ritchie Bros. buyers need equipment, shatter records with AU$55 million auction near Brisbane

All 1,100 items sold on auction day - unreserved - to diverse, record crowd VANCOUVER, June 25 /PRNewswire-FirstCall/ -- Ritchie Bros. Auctioneers (NYSE and TSX: RBA) conducted the largest Australian auction in Company history this week, selling AU$55 million (US$52 million) of cranes, heavy...

Articles 2008-06-26

Broadwind Energy Announces Results of Annual Meeting

Reincorporation in Delaware, Increase in Authorized Shares Among Actions Approved NAPERVILLE, Ill. -- Broadwind Energy, Inc. (OTC:BWEN) today announced the results of its 2008 Annual Meeting of Stockholders held June 20. At the meeting, the Company's stockholders approved changing the Company's jurisdiction of incorporation from...

Articles 2008-06-25

Denmark

Highlights and Key Issues * GDP grew 0.6% in Q1 2008 to stand 3.6% higher than a year earlier. Higher interest rates and tighter lending conditions are being felt in housing and consumer spending, with both moderating on the quarter. * Domestic demand eased on the quarter but...

Articles 2008-06-24

Ritchie Bros. consignors benefit from global participation at auctions in Grande Prairie, Moerdijk, Phoenix and Chicago

VANCOUVER, June 23 /PRNewswire-FirstCall/ -- Last week, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) helped hundreds of equipment, truck and real estate consignors overcome challenging market conditions by attracting large numbers of out-of-region bidders to its unreserved public auctions around the world. Ritchie Bros., the world's...

Articles 2008-06-23