NAB 'wins' earnings season
National Australia Bank has moved to the "top of the pecking order" among the major banks, according to Citigroup, in a disastrous reporting period for the big four.
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Key Stories
Markets Live: CBA's dead cat bounce
An early relief rally has turned to dust as CBA reverses its gains and losses among energy stocks and miners intensify, while Macquarie rides high on a bumper profits result.
Dovish RBA, soft China data hurt $A
The Australian dollar has been hit by a double whammy of a dovish RBA monetary policy statement and soft Chinese trade data, pulling it from the US80ยข mark.
Weak China data spurs stimulus talk
China's dismal trade performance raises the risk second-quarter economic growth may dip below 7% for the first time since GFC.
RBA open to more cuts
The RBA has left the door open to further interest rate cuts as it revealed a gloomier economic outlook.
Banks still a darling for some
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$8000 an hour: Macquarie chief cashes in
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Last updated: May 8, 2015 - 2:00AM
Last updated: May 8, 2015 - 2:00AM
Last updated: May 8, 2015 - 2:00AM
Last updated: May 8, 2015 - 2:00AM
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Markets
Markets Live: CBA's dead cat bounce
An early relief rally has turned to dust as CBA reverses its gains and losses among energy stocks and miners intensify, while Macquarie rides high on a bumper profits result.
$A drops on dovish RBA, soft China data
The Australian dollar has been hit by a double whammy of a dovish RBA monetary policy statement and soft Chinese trade data, pulling it from the US80ยข mark.
Weak China data spurs stimulus talk
China's dismal trade performance raises the risk second-quarter economic growth may dip below 7% for the first time since GFC.
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The Economy
Scott Morrison announces changes to pension
More than 90,000 Australians will no longer qualify for the pension and an extra 235,000 will have their payments cut under changes to save the government $2.4 billion in next week's budget.
RBA's Stevens under fire as $A rises
The Aussie has jumped 2.4 per cent since the RBA cut rates, proving governor Glenn Stevens needs a lesson in how to communicate the bank's intentions, one fund manager says.
Retail
JB Hi-Fi defies electronics sales slump
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Analysts slash Woolies targets
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Banking & Finance
NAB 'wins' earnings season
National Australia Bank has moved to the "top of the pecking order" among the major banks, according to Citigroup, in a disastrous reporting period for the big four.
$8000 an hour: Macquarie boss cashes in
Macquarie Group chief executive Nicholas Moore makes more in 12 minutes than the average worker in Australia earns in a full working week.
Mining & Resources
ANZ tips iron ore at $US56 in 2015
The bank has cut its iron ore price forecasts through 2017, saying a prolonged downturn in steel consumption in China will hurt the outlook.
Rio Tinto firm on iron ore expansion
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World Business
Nintendo ditches consoles for smartphones
Nintendo will delay the introduction of a new game console designed for emerging markets, preferring instead to test the waters with smartphone offerings.
Comnan cashes in selling fake Facebook shares
A bizarre case involving a crook, Facebook insiders and comedian Eddie Murphy's ex-wife provides a glimpse into how money and influence in Silicon Valley.
China
Weak China data spurs stimulus talk
China's dismal trade performance raises the risk second-quarter economic growth may dip below 7% for the first time since GFC.
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Property Focus
China's $60 billion Australian property splurge
Chinese investors and immigrants forecast to pump another $60 billion into the market over the next six years
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Sydney beats New York and Paris for investors
Sydney has emerged as the fourth most attractive place for overseas investments - and trading updates from local property funds point to solid returns ahead.
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City strata sales and values sizzle
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Executive Style
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CrossFit community puts on epic workout to raise funds for ravaged nation.
Money
Super mergers mean fees rise for some
Super fund members have to be alert to an increase in fees after "upgrades" .
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Small Business
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Business Video
'A whole lot more red tape'
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Comment & Analysis
No violins needed for corporate bruiser Carnegie
Contains:
NAB is cleaning up its mess โ but it hurts
Contains:
Knee-jerk markets love bad news
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