Business PM - No overheating: Westpac

Tuesday November 12, 2013
Afternoon Edition 
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No overheating: Westpac
Clancy Yeates 5:19PM | As competition in the mortgage market intensifies, Westpac's Brian Hartzer denies lenders are lowering their credit standards.

Big banks weigh on market
Sally Rose 5:10PM | Shares eked out small gains, as investors took to the sidelines amid uncertainty over when the Fed will trim stimulus.

Seven axes 630 jobs at WesTrac
Colin Kruger 3:05PM | Seven is cutting more jobs at WesTrac and says that the tough conditions in mining mean earnings will be at the lower end of guidance.

Business News Wire

3:20PM New Crown casino faces revenue challenge
2:16PM Business confidence falls from recent high
2:15PM WesTrac to cut 630 jobs
2:10PM Another Tabcorp director appointed to NBN
1:36PM Tax bill hits SP AusNet profit
Comment & Analysis
ASIC is examining share acquisitions by two David Jones directors.
Elizabeth Knight
If you look at what the numbers show, things are much more complicated than they may first appear.
Clancy Yeates
There is no one more demure, no one more reclusive in corporate Australia than Anton Billis.!
Michael West
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Markets
Around the Markets at 5:48PM EST, 12 Nov 2013
Dow Jones 15783.1 + 21.32 + 0.14%
Nasdaq 3919.79 + 0.00 + 0.00%
Hang Seng 22983.89 – 85.96 – 0.37%
NZ 50 4915.668 – 6.50 – 0.13%
CAC 4290.14 + 0.00 + 0.00%

End of day figures for Dow Jones and Nasdaq
All others figures are intraday (20 min delay)

Quotes & Charts
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Business Videos
What the Reserve Bank really said in its quarterly monetary policy statement on Friday. Michael Pascoe comments.

Blogs

Transurban boss Scott Charlton has put excitement back into listed toll roads.
Adele Ferguson at

Executive Style

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