Capital expenditure unexpectedly fell in the three months through March, offset by a lift in businesses' expected ...

'Worrying' sign investment has peaked

Capital expenditure unexpectedly fell in the three months through March, offset by a lift in businesses' expected spending in this financial year.

Will CBA, ANZ, NAB follow Westpac?

Banks may not rush to copy Westpac

Experts are split on whether the other big banks would follow Westpac by increasing mortgage interest rates, suggesting a grab for market share might be on the cards.

Telcos lift ASX as banks fall

Telstra and TPG Telecom are lifting the Australian sharemarket this morning as the major banks fall into the red after opening higher.

CBA to disclose commissions to borrowers

CBA will disclose to home loan customers the value of commissions it pays to mortgage brokers, after being embarrassed by the banking royal commission in March.

Deal done. TPG and Vodafone will create a new $15 billion telco.

Vodafone-TPG agree to $15b merger

Vodafone Hutchison Australia and TPG Telecom have agreed on a $15 billion merger to create Australia's third telecommunications giant to take on Telstra and Optus.

Myer snares Aesop as battle heats up

A week after learning it will lose brands such as Country Road to rival David Jones, Myer has secured exclusive department store distribution for Aesop as the battle for brands heats up.

Cantor Fitzgerald global chief market strategist Peter Cecchini said: "Our stance must evolve with what US equity market ...

Melt-up steamrolls bearish investors

The S&P; 500 Index has posted four straight all-time highs and Wall Street's biggest cohort of bulls are positioning for a fourth-quarter surge higher.

Opinion

Mike Kane's $3.5b deal pays off

Boral's tough talking American boss is feeling vindicated after its earnings showed that his decision to bet the company on a $3.5 billion acquisition was the right move.

AMP chief economist Shane Oliver said the decision today was significant because Westpac is the first Big Four bank to ...

'RBA won't be raising rates soon'

Westpac's decision to hike its variable interest rates will likely delay any increase in the official cash rate, especially as the other banks are expected to follow.

Angus Taylor believes that until power prices are lowered, there will not be sufficient political goodwill for the ...

Power companies 'as bad as banks'

Energy Minister Angus Taylor has equated power companies to the banks, saying they have forfeited their social licence and should brace for heavy-handed intervention.

Frydenberg demands answers from Westpac

Treasurer Josh Frydenberg has demanded Westpac justify its out-of-cycle interest rate increase, the first of the big banks to hike rates as funding costs surge.

Personal Finance