CBA has joined Westpac in lifting rates.

ANZ, CBA lift interest rates 

ANZ and Commonwealth Bank have followed Westpac in lifting interest rates citing wholesale funding costs, business performance and market conditions.

A masterclass in microcap IPOs

Step forward a cottage industry of brokers, promoters and hedge funds that will sell your story to punters for a fee, some options or just goodwill. Welcome the colourful adventure of microcap floats.

ASX records worst session since March

The Australian sharemarket has recorded its worst session since March, hitting a two-month low as it fell for a sixth straight session.

Telstra CEO Andy Penn is betting on 5G to lift the company back to growth.

Telstra taps exec to capitalise on 5G

Deutsche Telekom's Christian von Reventlow will be the man charged with delivering the products and technology needed to get Telstra out of its earnings rut.

The Australian sharemarket could slip to a two-month low during trade today.

ASX falls further despite rate hikes

The Australian sharemarket has dropped further through the afternoon despite Commonwealth Bank and ANZ shares lifting after they hiked their variable interest rates.

Offshore investors piled into Aussie bonds over the three months to June.

Global investors flock to Aussie bonds

Offshore investors piled into Australian government bonds over the three months to June, as the accelerating economy makes our securities more attractive.

Opinion

Jennifer Hewett

Liberals miss Bishop's political style

Right down to the red high heels in which she stood to announce her resignation, Julie Bishop's approach was a defiant challenge to her colleagues to show that they might not understand her cultural message but millions of others did.

CleanCo driving Qld renewable target

The Queensland government will not release studies that claim a new renewable energy generation company, CleanCo, will save households $70 a year on their electricity bill.

Boom gives Morrison freer hand

An economy growing at its fastest pace since the mining boom has given the new Prime Minister ammunition to pursue vote-winning policies without blowing the budget.

Personal Finance

At least 260 million children globally do not attend school.

BHP to spend $72m to boost education

The BHP Foundation says the money will be spent over three years in resource rich but socially poor regions of a number of countries, including in Australia.

Rinehart catching up to Pratt on Top 500

Anthony Pratt's Visy has stayed atop IBISWorld's Top 500 Private Companies list for the ninth year in a row, but Gina Rinehart's Hancock Prospecting is gaining.

Lifestyle

'Moneyland' is a must-read on wealth

A new book reveals how the global rich now move their money, their assets and themselves wherever they wish, choosing which countries' laws they wish to live by