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Mortgage stress hits Genworth

Job opportunities are more plentiful in big cities like Melbourne and Sydney, which keeps property prices high.

Genworth's half-year profit slumped 34.7 per cent, in part due to growing mortgage defaults, as the company launched a $100 million buyback and special dividend.

Ranin Mendis and Rod Dutra, founders of LoanDolphin, emphasise better products over broker incentives.

How unfair lending made a new market

3 mins ago

Former bankers Ranin Mendis and Rod Dutra identified a better way to find the best loans that were previously only held for favoured brokers.

Where the Amazon threat will hit

Amazon will squeeze retailer margins and prices harder than sales and could crimp inflation by one quarter of a point: says UBS.

The ASX has been stuck in a narrow range this year.

Markets Live: ASX stuck below 5800

Live

Shares open lower, with miners leading losses after the commodity prices fell, but global sentiment remains upbeat.

Contains:

Ahmed Fahour, former Australia Post CEO, is going back to a non-executive role at BCG after a 20-year gap.

What Fahour's move reveals about boards

Chanticleer

Australian boards are too ready to employ outside consultants instead of having tough conversations with their CEOs. Australia Post is a prime example.