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Glenn Stevens,governor of the Reserve Bank of Australia, sat down with the Australian Financial Review for his annual interview.

Slowing property boom 'good thing'

Mathew Dunckley

The easing of property markets is welcome and essential says RBA governor Glenn Stevens.

Walsh reiterated his prediction that there are few companies that can withstand iron ore prices at $US30.

Rio's rivals 'hanging on by fingernails'

Jesse Riseborough and Jonathan Ferro

The iron ore collapse has pushed producers to the brink of survival, according to the head of the world's second-biggest mining company.

Currencies

Last updated:
United States Dollar
0.7200 0.06%
Euro
0.6584 -0.03%
British Pound
0.4788 0.08%

In Depth

Yuan index: What you need to know

Yuan. China. Generic.

China is seeking to refocus the market's attention away from the yuan's moves versus the $US and onto its performance against a wider selection of peers.

Workplace

Markets

need2know: ASX to open sharply higher

The S&P 500 and the Dow were on track in late trading for their best two-day run since mid-October.

Local shares are poised to open higher, though the $A has lost some ground ahead of a widely expected US rate increase.

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The Economy

Low US rates could stick around

Investors have often talked about the global economy since the crisis as reflecting a "new normal" of slow growth and low inflation. But, just maybe, we've really returned to the old normal.
Neil Irwin

A 200-year history of interest rates shows the real aberration looks like the 7.3 per cent average experienced in the United States from 1970 to 2007.

Retail

Banking & Finance

Low US rates could stick around

Investors have often talked about the global economy since the crisis as reflecting a "new normal" of slow growth and low inflation. But, just maybe, we've really returned to the old normal.
Neil Irwin

A 200-year history of interest rates shows the real aberration looks like the 7.3 per cent average experienced in the United States from 1970 to 2007.

Mining & Resources

World Business

Uber and Lyft Drivers to form unions

Uber drivers in Seattle will be allowed to form unions.
NICK WINGFIELD and MIKE ISAAC

Seattle's city council voted unanimously Monday to approve a bill allowing drivers for Uber, its rival Lyft and other ride-hailing apps to form unions.

China

Alibaba buys South China Morning Post

Power grows ... Alibaba Group Executive Chairman Jack Ma has pledged to uphold editorial independence at the South China Morning Post.
Philip Wen

Chinese e-commerce giant Alibaba Group has acquired the South China Morning Post, a move which simultaneously signals its intention to expand its media influence beyond mainland China while sparking fears around editorial independence at the venerable Hong Kong newspaper.

Fosun's Guo Guangchang goes missing

Mr Guo is one of China's most recognisable investors at home and overseas with a fortune of $US7.8 billion.
Philip Wen

The high-profile billionaire chairman of China's biggest private conglomerate, Fosun Group, has gone missing amid speculation he has been caught up in a deepening corruption probe targeting the country's financial industry.

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Property Focus

Triguboff sticks with property

Harry Triguboff

Harry Triguboff sees property as among the few attractive investments in the nation amid rising rents and a "terrible" stock market.

Executive Style

Money

Small Business

Terrified to take time off?

Alexandra Cain
Alexandra Cain

If you're burnt out and in desperate need of down time but can't bear to go on holiday, chances are you're suffering from FOTAL.

Business Video

Federal Reserve rate hike not a done deal yet

The Federal Reserve's two-day meeting is underway and while the majority of market watchers expect to see a rate hike, some still doubt it will move.

Duration
01:15