NAB raises variable, investors' home loan rates
National Australia Bank on Thursday said it was raising rates on variable home loans for owner occupiers and investment properties, blaming rising costs and intense competition.
Latest Business News
The traps of mixing business with pleasure
When you own your own business, finances can get pretty messy.
Markets Live: ASX turns red as mood sours
Miners lose some of their initial strong gains following a slide in iron ore futures, while the Aussie slips back below US77c on weak employment data.
Pope says closing firms without protecting workers 'very grave sin'
Managers who close businesses, shut factories or restructure firms without fully considering the impact on workers and their families are committing a "very grave sin", Pope Francis said on Wednesday.
Australian housing markets 'defy belief' but bank warns against knee-jerk policy reactions
Major bank warns government measures designed to address affordability could actually drive up prices.
US Fed playing with fire by lifting rates
One almost wonders whether the Fed is really raising rates to puncture the asset bubble out of moralistic urges, just as it did from 1928 to 1929.
AMP dumps cluster bombs and cigarette stocks in ethics overhaul
One of Australia's largest fund managers will divest more than half a billion dollar worth of shares from companies that make deadly landmines, cluster bombs and tobacco products as part of an ethical investment overhaul.
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- 00:28
Unemployment rate jumped in February
Australia's unemployment rate rose to 5.9 per cent in February, from 5.7 per cent in January. (Courtesy ABC News 24)
Heinz security guard accused of insider-trading plot
A security guard for a Heinz board member, Todd David Alpert printed out an email for his employer with the terms of the $36 billion takeover of the food giant. The next day, he called his broker and started trading.
Unemployment rate jumps to 5.9%
The jobless rate has unexpectedly jumped to 5.9 per cent, its highest level in just over a year, as the economy shed 6400 jobs in February.
Alinta Energy sold to HK's Chow Tai Fook Enterprises for about $4b
Alinta Energy has been sold to Hong Kong's Chow Tai Fook Enterprises, in a deal sources say is valued at about $4 billion.
Lachlan Murdoch calls in McKenna to News Corp empire
Siobhan McKenna resigns from the Ten board to rejoin Lachlan Murdoch at News Corp.
$500m stake in Sydney's tallest building up for sale
A half share in the tallest building in Sydney, the $1.1 billion MLC Centre, is up for grabs as co-owner QIC Global Real Estate looks to take advantage of the hot office market.
Fast fashion fades as H&M;, Zara's profitability falls
Fast fashion is getting tougher as consumer rather spend up on leisure activities and buy more clothes from the rising number of online suppliers. Zara's profitability has shrunk to an eight-year low and H&M; reported its first sales drop in almost four years.
Caltex purchase of petrol discounter falls foul of ACCC
Caltex's purchase of a chain of independent petrol stations in Victoria has run into competition concerns with the consumer watchdog, the ACCC, warning the move could lead to motorists paying more for their petrol.
Myer's half-year sales slide as stocktake sale disappoints
Myer's first-half sales have sagged by 0.6 per cent as a result of what the department store chain called "aggressive competition" and subdued stocktake sales.
'Secret medicals' on public servants ruled unlawful
Giant department covertly handed employee's medical file to psychiatrist for mental health verdict.
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- 01:38
Disability in the workplace
Teremoana Tangata is working at Westpac as part of a new program to better integrate people with disabilities into the workplace.
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- 01:25
Wall St rallies after Fed rate hike
The US Federal Reserve has raised interest rates and signalled it will stick to a gradual path to future hikes.
Australian dollar surges above US77¢ after Fed decision
The Australian dollar has surged, topping US77¢, after the Fed opted for a less hawkish rate tone than expected.
8@eight: Stocks, Aussie dollar gain after Fed decision
For sharemarkets, this Fed meeting was about as favourable as we could have hoped for.
Adidas beats Tesla Model 3 in trademark fight
Sportswear giant Adidas has been aggressively defending its logo. Now companies are pushing back against the "bully".
I spent $3500 to get a $10 coupon. Thanks Coles
So why are these supermarkets so keen on giving us something for nothing? They aren't.
Fed raises rates for third time since GFC
The Federal Reserve raised its benchmark lending rate a quarter point and continued to project two more rate increases this year, signalling more vigilance as inflation approaches its target.
RBA's next rate rise will have triple the force of 1990s hikes
The sheer scale of Australia's household debt means lifting interest rates is going to be a far more sensitive operation than in previous times.
Yields plunge as Fed affirms outlook
US Treasury yields plummeted after the Federal Reserve did not flag any plan to accelerate the pace of monetary tightening.
Fed won't rush to lift rates
The US Federal Reserve raised interest rates as expected and reaffirmed a previous gradual rate hike path.
That sucking sound is Australians being robbed of their own gas
How a nation awash with gas ran dry in the middle of a global gas glut.
Fortescue powers ASX higher
A rally in Fortescue Metals helped push the local sharemarket into the black for a second day in a row.
'I no longer need to hide my disability from the boss'
As a housekeeper, Teremoana Tangata hid her disability from her boss to protect her job.
Small Business
From wetsuits to wallpaper: how Cynthia Rowley built a fashion empire
The New York designer and entrepreneur isn't afraid to brand anything and everything as Cynthia Rowley
How I learnt to love networking – and you can too!
Never flounder at one of those awkward events again with these great tips.