Investors are trading their US dollars for Australian dollars at a rate not seen since 2016.

Investors snap up $A on hopes for rebound

High net worth individuals are buying up the Australia dollar at rates not seen since 2016 according to Citi, as investors look to make the most of the dip in the local currency.

Hitting the heartland: The overall effect of the latest round of home loan interest rate rejigs will be to improve bank ...

Sydney to lead house prices lower: Moody's

The city, inner south and inner western suburbs of Sydney are expected to experience house price falls of more than 9pc this year, according to Moody's and Corelogic.

Hayne claims first NAB scalp

NAB's head of consumer banking Andrew Hagger will leave the bank after facing the heat of the royal commission. "I take accountability for what has occurred on my watch," he said.

Westpac Group is raising rates and toughening borrowing conditions.

Westpac tightens terms ahead of rate rise

Westpac will announce a new round of residential lending policy changes for existing borrowers on Monday as it prepares to become the first of the majors to lift standard variable rates.

Opinion

Politicians to blame for rorts: ASIC

Politicians are largely to blame for letting the $41 billion insurance industry off the hook over problems exposed by the Hayne royal commission, ASIC will say in a submission to the inquiry.

A building stands with shattered windows during a No.10 Hurricane Signal raised for Typhoon Mangkhut in Hong Kong, ...

Typhoon leaves apocalyptic scenes in Hong Kong

Hong Kong's stock exchange is set to open as normal and casinos in Macau will start business from 8am, but the region's flights will continue to face disruption from the fatal Typhoon Mangkhut.

Personal Finance

The original free trader

Sir George Reid was an important thinker: as prime minister he was Australia's most important early champion of economic liberalism