Federal politics Is Australia headed for recession?

Is Australia headed for recession?
FINANCE Minister Mathias Cormann has rejected the claims after it emerged that the economy saw its first decline since March 2011 in the September quarter.

COAG meeting Labor premiers stall Turnbull’s plans

Labor premiers stall Turnbull’s plans
MALCOLM Turnbull issued a warning to the state premiers, saying without serious reforms Australians’ living standards are at risk.

Cash splash Kevin Rudd’s $100 billion blunder

Kevin Rudd’s $100 billion blunder
IT TURNS out those $900 cheques weren’t such a good idea after all. Kevin Rudd’s $100 billion GFC cash splash is still hurting the economy.

Analysis 2017 is going to be a disaster

2017 is going to be a disaster
IF YOU think the latest economic figures were “not too bad”, think again. The government is leading us into a disastrous 2017.

Grinch act Banks consider ultimate Grinch move

Banks consider ultimate Grinch move
THE major banks are considering raising variable interest rates, slugging the majority of mortgage holders in the lead-up to Christmas.

Uphill turn The rates honeymoon is over

The rates honeymoon is over
THE three big banks are among dozens of lenders to lift fixed-rate loan deals by as much as 0.8 per cent within the past week.

National economy Why disaster is actually a good thing

Why disaster is actually a good thing
AUSTRALIA posted its worst economic performance since the Global Financial Crisis yesterday, but there are some crucial things the numbers hide.

Under fire Shrinking economy a ‘wake-up call’

Shrinking economy a ‘wake-up call’
SCOTT Morrison has used data showing the Australian economy’s failure to grow to demand more support for the government’s economic plans.

National accounts Australia’s worst performance since GFC

Australia’s worst performance since GFC
THE economy is officially in the doldrums, with data painting a grim picture for the government’s “jobs and growth” agenda.

Jason Murphy Stupid things that make us mad

Stupid things that make us mad
THERE are little things that drive us crazy, like having to change your address when you move. But that could be about to change.

Global roundup Finance news you need to know today

Finance news you need to know today
BUNNINGS boss John Gillam is stepping down after wiping the floor with the competition in his time at the helm of the hardware chain.

Interest rates How to prepare for rate rises

How to prepare for rate rises
WHILE the RBA has left the cash rate on hold, home loan customers are being urged to prepare themselves for future rate rises that will see many deals hiked.

Interest rates Interest rates: going to be bumpy 2017

Interest rates: going to be bumpy 2017
HOME owners should strap themselves in for 2017 year, with experts warning we could see something we haven’t seen in more than six years.

US/China Six ways Trump will clash with China

Six ways Trump will clash with China
DONALD Trump’s controversial phone call to the Taiwan president is just one of six issues that could become flashpoints between the US and China.

Rate deals Aussie borrowers left in rates limbo

Aussie borrowers left in rates limbo
NATIONAL Australia Bank and Westpac have raised interest rates on some variable mortgages, leaving borrowers conflicted on whether to lock in.

Investors frustrated It’s OK to be angry about shares

It’s OK to be angry about shares
OPINION: I’ve been getting grumpy lately, and so might you, about talk of share prices at record highs. Here’s why.

Free trade deal How Brexit could make life cheaper

How Brexit could make life cheaper
BRITAIN leaving the European Union could mean cheaper Scotch whisky and luxury cars for Australians if a new free trade deal goes ahead.

Federal politics Malcolm Turnbull limps to the finish line

Malcolm Turnbull limps to the finish line
MALCOLM Turnbull really needs a holiday. The PM managed to scrape by with a narrow, last gasp win yesterday, but his year was anything but a success.

Power sell off ‘Cowboys flogging the family silver’

‘Cowboys flogging the family silver’
LABOR has criticised a WA Government plan to sell off the Western Power poles and wires utility. But the Premier says it will bring in at least $11bn.

Tax stoush ‘I’m not going to jack up their rents’

‘I’m not going to jack up their rents’
SCOTT Morrison has ruled out any changes to negative gearing after NSW Premier Mike Baird called for a rethink of the controversial tax break.

Tax debate Backpacker tax smackdown

Backpacker tax smackdown
THE Coalition was celebrating a major victory in the Senate, when Labor caught them completely off-guard.

Meat raffle Vegans outraged by animal fat banknotes

Vegans outraged by animal fat banknotes
THE Bank of England has revealed there is beef tallow in its new five-pound notes, and the Brits are horrified.

Asia news President-elect to ramp up China tensions

President-elect to ramp up China tensions
IF YOU thought that Donald Trump’s presidency would lessen the tension in the South China Sea, this new research suggests you’d be WRONG.

Global roundup Finance news you need to know today

Finance news you need to know today
AN ONLINE troll has renamed Donald Trump’s mid-town Manhattan building on Google Maps, and the new moniker isn’t very flattering.

US Politics We’re getting Trump so wrong

We’re getting Trump so wrong
THIS insight into Donald Trump’s psychology should chill Australia’s leaders to the bone — and make them rethink everything.

Global roundup Finance news you need to know today

Finance news you need to know today
BRITISH frozen food supermarket Iceland has tried to trademark its name, but a certain Nordic island nation is not happy.

World economy China is on borrowed time

China is on borrowed time
THE good times might be coming to an end for China. The superpower is facing a whole gauntlet of new threats.

Senate bungle Deputy PM accuses Hanson of ‘bastardry’

Deputy PM accuses Hanson of ‘bastardry’
NATIONALS leader Barnaby Joyce today declared war on One Nation’s “complete mischief and bastardry”.

Australian economy There are actually two Australias

There are actually two Australias
AUSTRALIA has been split in two. While one half of the country booms, the other is facing an economic collapse.

Clinton charities Why did we shower Clinton with cash?

Why did we shower Clinton with cash?
AUSTRALIA has poured millions of your taxpayer dollars into Hillary Clinton’s scandal-plagued charity. It begs an obvious question.

Markets FX Cross Rates

Market AUD USD EUR GBP HKD NZD SGD
AUD AUD 74.47 70.62 59.12 7.7423 1.04 1.2769
-0.01 0.09 -0.08 0.01 0.0 0.01
USD 1.0063 USD 0.95 0.79 7.7911 N/A 1.2851
-0.0 0.0 0.0 -0.0 0.01
EUR 1.3698 1.05 EUR 0.858 10.6049 1.7612 1.7492
-0.02 0.0 -0.0 -0.1 -0.02 -0.01
GBP 1.5964 1.5864 1.1655 GBP 12.3595 2.0524 2.0388
-0.01 -0.01 0.01 -0.06 -0.01 0.0
HKD 0.1292 0.1284 0.943 N/A HKD 0.1661 0.1649
-0.0 0.0 0.01 -0.0 0.0
NZD 0.7778 0.773 0.5679 0.4872 6.0215 NZD 0.9932
-0.0 0.0 0.01 0.0 0.01 0.01
SGD N/A 0.7782 0.5717 0.4905 6.0632 1.0068 SGD
-0.0 0.0 -0.0 -0.03 -0.01