National Australia Bank, the biggest in the country, posted a record
second-half profit as lending increased in an economy that has entered
its sixteenth consecutive year of expansion.
income climbed 1.8 percent to 2.44 billion Australian dollars, or
$2.26 billion, in the six months ended Sept. 30 from a year earlier,
the company said Friday. It also tapped demand for loans in Britain,
where it earns almost 20 percent of its profit.
Reserve Bank of New Zealand is New Zealand's central bank and has
three main functions. At the most basic level, the Reserve Bank
ensures that people can buy and sell goods and services using money,
instead of having to barter. Part of this involves providing currency.
Cash is physically issued to the public by commercial banks, but
they in turn must buy their cash from the Reserve Bank.
Australians than ever are paying a penalty for failing to take out
private health insurance before they turn 30. Figures from the Private
Health Insurance Administration Council show more than 44 per cent
of Australians have private hospital cover, after rates increased
for the ninth consecutive quarter.
the figures also showed the number of people paying an extra premium
for their cover had increased. About 91.5 per cent of those covered
have escaped the penalty, while the rest, almost 567,000, are paying
days it's easy being green. Consumers who want to do something to
help the environment have many options, such as solar power or water,
environmentally-friendly light bulbs, rainwater tanks, or even purchasing
some of their home electricity from renewable energy sources.
and superannuation fund members also have a fast-growing list of
options to ensure their money helps make the world a better place,
or at least does not damage its fragile environment even further.
Ethical investments, also known as socially responsible investments,
are booming in popularity. The good news for investors is that returns
have been as good or better than those provided by traditional investments.
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