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The Economy

Foreign buyers account for about a quarter of newly built apartments.

Chinese buyers go cool on Australian homes: RBA

Chinese demand for Australian residential property has eased because of tighter capital controls imposed by Beijing and tougher restrictions on mortgage lending by local banks, a top central banker said on Monday.

Leonardo da Vinci's 'Salvator Mundi' fetched $US450 million ($594 million) at auction.

Art boom points to the end of a cycle

The week's haul at Christie's and Sotheby's screams late-cycle liquidity, recalling Japan's impressionist fever in the late Eighties before the Nikkei collapsed and the bottom fell out of the art market.

Libby Lyons spoke to Money News.

Men out-earn women by more than $26,500

The Workplace Gender Equality Agency has released its annual gender pay gap data showing men still take home $26,527 a year more than women on average, and the pay gap for is even larger at $89,516 for top management.

More records on Wall St sets the scene for an upbeat ASX start.

Wages disappoint again, and the Aussie takes it badly

Australian wages rose by less than expected last quarter, with even a mandated jump in the minimum wage failing to lift workers' pay across the economy. It's a weak result that threatens to sap consumer spending and inflation.

Small Business