The Reserve Bank of Australia yesterday decided to continue
lessening the degree of monetary stimulus it had put in
place, while, at the same time, the Bank of Japan looks
likely take further steps to support the Japanese economy.
Hanover Finance directors have, not surprisingly, unanimously
recommended that all classes of investors vote in favour of
the Allied Farmers proposal which will see Allied take over
the assets of the troubled finance company.
Methven Group beat its forecasts yesterday, when it reported
an operating profitof $8.5 million for the six months ended
September, down 11.5% from $9.6 million reported in the
previous corresponding period.
Rupert Murdoch, the man with one of the most recognisable
media names on the planet, has been making headlines online
in recent days through his determination to make Google pay -
for news content, that is.