Rate cut to put more pressure on retirees
Self-funded retirees are set to feel the pinch as the the big four banks look at cutting term deposit rates to offset rising funding costs.
Self-funded retirees are set to feel the pinch as the the big four banks look at cutting term deposit rates to offset rising funding costs.
The mob want Malcolm and the government to be better than they are, a pragmatist told me a few weeks ago. But they just don't like Bill, writes Laura Tingle.
How much worse can it get for Telstra and CBA, and how much better for the miners? This earnings season promises some answers to big questions.
Their names once evoked the dusty frontier of white settlement. Narangba, Caboolture, Kallangur. Today these hardscrabble suburbs are at the centre of a struggle over Australia's future.
Telstra CEO Andy Penn is poised to announce a major management restructuring as early as Monday as the telco tries to reshape itself.
The Australian sharemarket has ended the week higher, hitting a fresh 10-year high on the back of improved market sentiment and commodity prices.
Sydney home owners who bought a median-priced house at the peak of the boom could face losses of more than up to $194,000. In Melbourne it would be up to $152,000.
BHP investors say it has a rare opportunity to reduce its franking credits when it returns close to $US10 billion to shareholders on the back of its US shale sale.
AMP's shareholders can't be 100 per cent sure that acting CEO Mike Wilkins has cleaned out all the skeletons in the company's musty cupboards.
A petite, female, immigrant with Sri Lankan heritage, is about to occupy the most important job in investment banking.
A record 539,000 people moved to Australia in 2016-17 but net migration of 262,500 remains below the boom years of 2008-09.
Richard Hinson is passionate about food and retail, but will that be enough to help him save Retail Food Group?
There are many overpaid equity investors spruiking the next financial crisis - interesting given investment-grade credit default rates are at historically low levels.
BHP is expected to sharpen up its petroleum business to match the quality of its mining assets after closing the door on its disastrous foray into US shale.
Regulators have again rejected efforts by entrepreneurs Cameron and Tyler Winklevoss to launch a bitcoin-focused exchange-traded fund (ETF), which could have brought cryptocurrency investing into the mainstream.
The Australian sharemarket has closed the end the week with a fresh 10-year high, as a strong advance by BHP wiped losses made by AMP.
Nicholas Moore faced big challenges in his first years in charge, but he cleverly used the GFC to change Macquarie.
The mob want Malcolm and the government to be better than they are, a pragmatist told me a few weeks ago. But they just don't like Bill.
AMP's shareholders can't be 100 per cent sure that acting CEO Mike Wilkins has cleaned out all the skeletons in the company's musty cupboards.
There are many overpaid equity investors spruiking the next financial crisis - interesting given investment-grade credit default rates are at historically low levels.
The whooshing you heard coming from Collins Street in Melbourne on Friday morning was the sound of BHP headquarters letting out a collective sigh of relief.
Most in Labor are hoping for a win in Longman and Braddon on Saturday so the leadership issue does not have to be confronted.
Super Saturday could be independents day as Malcolm Turnbull and Bill Shorten face strong minor party and unaligned candidates in key byelection seats.
Outgoing Infrastructure Australia CEO Philip Davies says governments need to ask communities what they want before rushing into projects.
Victorian Labor's infamous rorts-for-votes scandal during the party's successful 2014 election campaign is being investigated by police.
The Australian Energy Market Commission blocked a rule change to expand demand response two years ago but now proposes to allow aggregators and large energy users to offer demand response in the NEM.
North Korea released the remains of some US war dead, marking the first tangible outcome of President Donald Trump's summit with Kim Jong Un and signalling progress in broader nuclear talks.
Many in China's political establishment are angered by the bridges that leader Xi Jinping has now burned both at home and abroad.
For the past decade, Michael Cohen worked as Donald Trump's personal lawyer and fixer, but by releasing audio of a covertly recorded conversation, he has made a decisive break from his longtime client.
The Democrats are struggling to craft a national message that rallies its Trump-hating base without wrecking its chances in Trump-friendly states.
New leader Imran Khan will have to deal with mounting economic problems in Pakistan including dwindling foreign reserves and surging debt, with some predicting an IMF bailout looms.
AMP has set aside $290 million to compensate customers who suffered because of poor financial advice, in a "reset" to try and "earn back trust".
Whether you're downsizing from the family home or moving into your first-ever home, here's what you should leave off your shopping list.
Like Spaceship and Grow Super before it, Zuper is promising greater control and higher engagement via new technology.
YouTube star Derek Muller found a way to combine his two loves: science and film making, he explains over Lunch with the AFR.
Twitter co-founder and CEO, Jack Dorsey, is focusing on whether he needs to stop Donald Trump from inadvertently starting a nuclear war, report Paul Smith and Yolanda Redrup.
As chief executive of Rocket Entertainment, former advertising executive David Furnish brings order to his celebrity husband's business interests.
A record 539,000 people moved to Australia in 2016-17 but net migration of 262,500 remains below the boom years of 2008-09.
One would expect Sixto 'Sugar Man' Rodriguez to say he loves Australia, given he's just announced a tour here, but the acclaimed singer-songwriter is able to get specifics.
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