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Ricardo's Business

SBS Presenter Ricardo Goncalves with the latest in finance. Follow @BUSINESSRicardo

Obama's win and the sharemarket

07 November 2012, 17:47 PM

On paper, a Mitt Romney win would have seen a sharemarket boost based on his pro-business policies, but historically, investors like a Democrat President.

Despite the certainty which the election now provides, the so-called fiscal cliff, may leave investors hanging, until at least, the end of the year. Read more

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Extended interview: City Index's Peter Esho on ANZ

25 October 2012, 19:58 PM

ANZ has posted a record full-year profit of $5.7 billion, up 6 per cent.

It saw growth in retail market share, along with commercial customer numbers, but it’s the company’s successful Asian expansion which is helping it to deliver dividends. Read more

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Should the EU have been awarded the 2012 Nobel Peace Prize?

13 October 2012, 14:50 PM

United in diversity is the European Union's motto. But not everyone is united about the EU's 2012 Nobel Peace prize win.

The decision to hand the European Union the 2012 Nobel Peace Prize has been welcomed by some, and mocked by others, especially at a time when the bloc is struggling through the weight of economic debt. Read more

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Australia Post adapting to change

11 October 2012, 15:45 PM

For a business to be posting healthy profits during an economic slowdown is a great achievement.

But it is even more astounding when overall profits grow, despite what used to be its core business, being in decline. Read more

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Where the banks stand after their interest rate cuts

05 October 2012, 18:28 PM

Australia's major banks are to pass only some of the Reserve Bank's 25 basis point cut to the official cash rate earlier this week.

Their excuse for not passing on all of it?...Rising costs, mainly relating to deposits, which are impacting overall funding costs. Read more

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