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Global loyal prices have jumped to a nine-month high on concerns that conflict in Iran could spread and hit production in other Middle Eastern countries. West Texas Crude Oil jumped 2 dollars a barrel overnight. The spot gold price has also benefited from a shift to safe assets. Oil producers were among the bright spots on the local share market today. Going the other way, iron ore miners after the iron ore price fell again. Australian stocks tracked losses on global markets. The All Ords lost 0.5% by the close. The Australian dollar is managing to hold above 94 US cents.
The corporate1 watchdog has banned the former audit2 of the failed investment company Banksia Financial for five years. AISIC says Warren John Sinnott won’t be able to practice as a register did audit until June, 2019. AISIC found Mr. Sinnott failed to adequately carry out his duties. The Victorian Base Banksia collapsed3 in late 2012, owing its investors4 660 million dollars.
The latest lending figures show companies increased their borrowing in April, but consumers are cutting up their credit cards. Official figures show lending finance rose by 3.5% in April to a six-year high, breaking down the figures. Commercial loans jumped by 5.8% in the month. The number of credit cards’ accounts fell for the second straight month.
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1 corporate | |
adj.共同的,全体的;公司的,企业的 | |
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2 audit | |
v.审计;查帐;核对;旁听 | |
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3 collapsed | |
adj.倒塌的 | |
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4 investors | |
n.投资者,出资者( investor的名词复数 ) | |
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