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COPYRIGHT 2008 Asia Pulse Pty Ltd
An executive briefing on the economies of Asia for March 28, 2008, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia based wire with exclusive news, commercial intelligence and business opportunities.
AUSTRALIA'S WESTPAC BANK HIKES VARIABLE RATE TO 9.37 PCT
SYDNEY - Australia's Westpac Banking Corporation Ltd (ASX:WBC) has raised its standard variable home loan rate by 10 basis points to 9.37 per cent as a result of the global liquidity crisis.
The new rate will apply from next Wednesday, April 2.
AUSTRALIAN MORTGAGE HOLDERS TURN TO FIXED-RATE HOME LOANS
SYDNEY - Australian mortgage holders continue to turn to fixed-rate home loans loans on the prospect that interest rates may rise further, new figures show.
Almost 30 per cent of all owner-occupied home loans were fixed in January, figures released by financial information researcher Cannex show.
WEALTH DISPARITY VISIBLE ACROSS AUSTRALIAN HOUSEHOLDS: ANALYSIS...
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