Key Stories

US Federal Reserve is expected to raise rates on Thursday

The Fed's butterfly effect

Vanessa Desloires

Investors around the world are bracing for the interest rates decision coming out of the US Federal Reserve meeting on Thursday morning. Here's how it could affect you.

The Australian dollar is expected to land close to US71? if the Fed raises rates.

Aussie braces for Fed impact

Stephen Cauchi

Currency traders were nervously awaiting Thursday's interest rate decision by the US Federal Reserve, with the Australian dollar expected to land close to US71¢ if the Fed raises rates.

Currencies

Last updated:
United States Dollar
0.7202 0.10%
Euro
0.6584 0.00%
British Pound
0.4797 0.27%

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Workplace

Markets

Investors' worst-case scenarios for 2016

Untested, "incoherent": Republican presidential candidate Donald Trump.
Flavia Krause-Jackson and Javier Blas

Oil skyrocketing after Islamic State attacks, Donald Trump winning the US election, hackers bringing down the financial system: Economists are looking at the biggest risks in the new year.

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The Economy

BlackRock tips RBA rate cut

Most economists forecast a no-change decision when the Reserve Bank of Australia meets on Tuesday.
Benjamin Purvis

BlackRock reckons the Reserve Bank of Australia will be forced to lower interest rates as challenges to the nation's economy mount.

Retail

Banking & Finance

CBA does referral deal with OnDeck

Cameron Poolman, CEO of OnDeck Australia, said it will be able to lend to CBA's young business customers and then refer them back to CBA once they're established.
Shaun Drummond

Commonwealth Bank says it will refer selected small businesses from its 500,000 customer base that it can't lend to because they haven't met its requirements

Auswide Bank to lend $60m via MoneyPlace

Auswide Bank managing director Martin Barrett (centre right) has taken 20 per cent of Stuart Stoyan's (centre left) MoneyPlace.
Shaun Drummond

Auswide Bank will offer $60 million in personal loans over five years via fledgling peer-to-peer lender MoneyPlace and has bought a 20 per cent stake in the start-up.

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