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The Reserve Bank of Australia has declared the threat of a property bubble is over after cutting the official cash rate to an unprecedented low to protect the dollar against a wave of global monetary policy stimulus and money printing.
NAB, CBA, ANZ and Westpac will all pass on only part of the RBA's official interest rate cut, bolstering profit margins but testing the friendship with customers.
The Australian dollar was sitting proudly above US75ยข less than an hour after the RBA cut. That was not part of the plan.
Westpac says a trader's "$12 million buck" profit boast came after picking an RBA rate rise, not rigging the bank bill swap rate as ASIC alleges.
Shares tumbled on Tuesday as energy stocks fell while a warning from Seven West Media sunk media stocks.
A beekeeper has accused the company whose major shareholder is Kerry Stokes of selling toxic honey from China and Argentina.
Planning approval for Crown Resorts' Sydney casino is being challenged in the NSW Land and Environment Court.
The Productivity Commission will examine the vertical integration of the banks as part of its review of competition in the super system.
Macquarie University will relaunch its undergraduate accounting course to include advisory-style soft skills.
Energy sector investors are reaching for the smelling salts again as the oil price tanks.
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