Economy
Tax warning Tax claims to avoid this year
THINKING of fudging your tax return deductions? Think again. The ATO is cracking down on fake claims that could be costing billions. Here’s what you should know.
Interest rates Time running out for cheap money
THE Reserve Bank has kept the official cash rate on hold at 1.5 per cent, but the “days of cheap money could be numbered”.
Note taking Your cash could have an expiry date
THE man charged with cracking down on the “black economy” has revealed how he would like to keep track of your $100 and $50 notes.
North Korea Kim’s untouched treasure worth trillions
NORTH Korea has long been regarded as a poor country that’s sitting on a goldmine worth trillions of dollars.
Energy crisis ‘This is the biggest crisis I’ve seen’
BUSINESSES will be forced to cut staff or shut down altogether as crippling energy price hikes begin sweeping across the nation this month.
Slowing down Property market reverses slump
AUSTRALIA’S property market is “slowing, not crashing”, with capital city prices reversing May’s dip to record a 1.8 per cent rise in June.
Tax change The country ‘terrified’ of GST
THE Indian government says it will transform the economy, but for this shopkeeper who has never used a computer, the GST is terrifying.
Spending habits Gen Y has found its signature drink
STEP aside, smashed avocado. There’s a new trend swallowing the spare dollars of young Australian adults: espresso martinis.
Hip pockets Big changes coming for your penalty rates
TODAY will be a grim one for many low-paid workers across the country, with the first of several cuts to penalty rates coming into effect.
Mega rate hike Rates ‘could rise eight times’
YOUR mortgage payments could get a lot more expensive if this scary prediction by a former Reserve Bank board member comes true.
New year All the changes coming on July 1
IT’S nearly the start of the new financial year, which means, as always, a raft of important changes. Here’s what you should know.
Debt risk ‘Lucky country’ at risk, bank says
DANGEROUS levels of household debt could put Australia’s economy at risk of slipping into recession, the peak global banking authority warns.
Not pleased Australians have a lot to worry about
SHOCKING statistics have painted a depressing picture of the national mood — and it’s got a lot to do with Donald Trump.
Day overkill Just stop with the ‘days’ already
TODAY is National Selfie Day. Tomorrow is Onion Rings Day. This Sunday is Colour TV Day. It’s hard to go a day these days without it being a “Day”.
NT Intervention Australia’s $1 billion mistake
A FORMER political head has called out the federal government for what she has described as its most ineffective “political stunt”.
Global power The great fall of China is coming
CHINA may be witnessing the beginnings of its own end. Could the world’s new superpower be on the verge of collapse?
‘Fleeing Sydney’ People are ‘fleeing’ Sydney for Melbourne
MELBOURNE has struck further blows in its battle against Sydney, with more and more companies and people ditching the Harbour City.
Great fire The sleeping disaster in poshest suburbs
THEY’RE the vertical ghettos next door to the homes of lords and their devastating secret has been exposed in the worst possible way.
Labour force Unemployment rate falls again
THE jobless rate has beaten expectations yet again, allaying concerns of an economic downturn and spelling good news for the Turnbull government.
Economic confidence US Fed raises interest rates again
THE US Federal Reserve has raised its benchmark interest rate by a quarter of a percentage point for the third time in six months.
Vinnies CEO sleep-out ‘Are you a junkie? Are you a loser?’
NIKKI was broke, alone and raising two young boys in a rat-infested apartment. Her worst day happened when she walked to the shops and asked for a handout.
Energy saver Woman slashes power bill to $64
MEET the Sydney mum whose home only generated a $64 power bill last quarter. Here is how she did it.
Finkel report Can we afford to keep doing nothing?
THE backlash has begun against the plan to fix Australia’s looming energy crisis but with power prices rising and warnings of blackouts, can we afford to ignore it?
UK election Is Corbyn’s policy as crazy as it sounds?
THE young people in the UK have spoken and what they want is free university education. So is it possible? And can Australia do the same?
Education What our universities are getting wrong
AUSTRALIAN universities have been given an ominous warning to drastically overhaul their courses as graduates keep leaving with the wrong skills.
It matters Night that could change your life
WHEN Australians wake up tomorrow, a momentous decision will have been made, and it’s going to affect us all.
Argument flaw The big Saudi lie about Qatar
THE world hears Qatar’s support of terrorism is behind the Middle East’s biggest diplomatic crisis in decades. But is this the whole truth?
Qatar crisis Qatar’s make or break decision
WITH land and sea ports cut off and neighbours threatening jail for online sympathy, Qatar faces a difficult choice.
GDP results Truth about Australia’s ‘income growth’
MORE money is going to actual Australians. But don’t put on your party hat just yet. It’s still bad news for most of us.
Adani mine ‘The only backlash is from the cafe latte set’
FOR days we’ve heard nothing but doom and gloom about the $21 billion coal mine that could cripple Australia. This is what you missed.
Markets FX Cross Rates
Market | AUD | USD | EUR | GBP | HKD | NZD | SGD |
---|---|---|---|---|---|---|---|
AUD | AUD | 75.96 | 67.06 | 58.82 | 7.7423 | 1.05 | 1.2769 |
-0.16 | 0.07 | -0.02 | 0.01 | 0.0 | 0.01 | ||
USD | 1.0063 | USD | 0.88 | 0.77 | 7.7911 | N/A | 1.2851 |
-0.0 | 0.0 | 0.0 | -0.0 | 0.01 | |||
EUR | 1.3698 | 1.13 | 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 |