Bank pay is out of step: APRA

The pay packets of banking executives are immune to downward revisions, tied to the wrong metrics and lack proper oversight, says APRA chairman Wayne Byres.

Banks, energy drag ASX lower

The Australian sharemarket has gone four sessions without a gain, dragged lower on Tuesday by major banks and the energy sector.

Newcrest and Evolution Mining are Australia's two biggest gold miners.

Evolution wants to keep place in cost race

Evolution Mining is determined to keep its position as one of the lowest-cost gold miners in the world, declaring it can offset cost pressures emerging across the mining sector.

The RBA extended its record run of policy inaction as it held rates steady at 1.5 per cent.

RBA holds rates steady, as expected

The Reserve Bank of Australia has held rates steady at 1.5 per cent, extending a record run of policy inaction stretching back to August 2016.

Opinion

Make super funds non-profit: Keating

Former prime minister Paul Keating has called on the Hayne royal commission to recommend that retail super funds be stopped from putting profits ahead of super fund members.

Market offers to Queensland households are down 7.5 per cent inclusive of pay on time discounts, or about $190 in a year

Retail power bills drop 7.5pc in Queensland

Amid the upheaval in national energy policy and fluctuations in wholesale electricity prices, retail power bills are down in Queensland since last year, St Vincent de Paul reports.

Police mug shot of Richard Liu. The billionaire has since flown back to China, his company said

JD.com's billionaire CEO back in China

JD.com's billionaire founder returned to China after his weekend arrest for alleged sexual misconduct in Minnesota, where local police are investigating the CEO of one of the country's largest internet corporations.

Personal Finance

GENERIC. 15th of January 2018. Money, australia dollar, business, investment, exchange rate, interest rates, mortgage, ...

Banks boost buffers in lending crackdown

Lenders are increasing home loan assessment rates and overhauling the way they assess loan applicants' income in response to renewed regulatory pressure on loan standards.

Women of influence 2018 announced

100 Women of Influence revealed

As one of the 2018 The Australian Financial Review 100 Women of Influence, Rosie Batty joins a host of women who have overcome periods of hardship to rise to positions of influence.

Lifestyle

The EQC will be closely followed by similarly hyped debuts for BMW and Audi.

Electric Benz opens German Tesla assault

Mercedes-Benz is set to unveil its much-anticipated electric SUV on Tuesday, marking the start of a German onslaught against Tesla's dominance of the fast-growing market for premium battery cars.