Melbourne clearance rates are around 40pc.

Credit squeeze leaves bidders out of time

Home loans are taking so long to approve that the typical four-week sales campaign is now too short and should be extended, says a leading property market analyst, as weekend clearances fall to 40 per cent.

President Donald Trump enters a high-stakes phase of his presidency.

Mueller's shadow looms over Trump

Donald Trump has entered a high-risk phase of his presidency as he loses his second chief of staff in 17 months, just as the White House confronts a wave of likely probes and subpoenas.

Shares headed for rocky start

Three risks dominate the investment climate heading into 2019 and unluckily for investors, it is one they can't control - growth - that could be the most destructive.

The walls are closing in on 'individual #1'

"Individual #1", as Donald Trump is called in court filings, was implicated in a federal crime on Friday, in the sentencing reports for Michael Cohen, his estranged personal lawyer, and Paul Manafort, his former campaign chairman.

Strap in for volatile markets

Volatility is getting more attention from investors when it comes to evaluating market strategies, not just for the next few months but the next few years.

APRA was forced to act when Mr Kelaher, in a combative appearance before the royal commission, admitted that ...

Investors want IOOF cleanout

Investors are calling for the IOOF board and management to go after an emboldened prudential regulator took the wealth giant to court for allegedly breaking superannuation laws.

APRA says IOOF rots from the head

How can three men who have been accused of failing to understand the central principle that underpins superannuation continue to run one of Australia's largest wealth managers?

IOOF case shows tide has turned

After three years of being treated like a toothless tiger, APRA on Friday launched legal action against IOOF for failing to act in the best interests of superannuation members.

Frontline bank staff are becoming more cautious about lending.

Bankers fuel home credit squeeze

The federal government and the RBA are both growing anxious about a home lending squeeze putting more downward pressure on house prices and the economy.

Construction jobs rose by 5,000, the weakest since a decline in March.

US hiring slows to 155k jobs

US jobs and wages didn't rise as much as expected in November, while the unemployment rate held at the lowest in almost 50 years, a Labour Department report showed.

National Economic Council Director Larry Kudlow says he expects the Federal Reserve to pause its interest-rate increases ...

Kudlow expects US rate hike pause

Top White House economic adviser Larry Kudlow says he expects the Fed to halt rate hikes "for quite some time" after a rate increase later this month.

Canadian dollar jumps on record jobs data

The Canadian dollar strengthened after record jobs data showed the country had added 94,100 jobs and the unemployment rate dropped to a new all-time low of 5.6 per cent.

ASX defies global stock rout

Australian shares defied a global stock rout to close the week higher as defensive property and infrastructure stocks held firm.

Dr Guy Debelle Deputy Governor Reserve bank of Australian speaking at the AFR Banking and Wealth Summit, Sofitel ...

Markets got 'dovish' Debelle wrong

Economists believe the market misinterpreted comments from RBA deputy governor Guy Debelle, perceiving them as dovish when he was just being transparent.

Opinion

Jennifer Hewett

There but for the grace of Huawei

Imagine if Meng Wangzhou's route from Hong Kong to Mexico had been via Sydney rather than Vancouver! Australia's argument it doesn't have to choose between China and the US is ever less convincing.

Laura Tingle

Morrison pulls nuclear option early

It is not a good sign for the government's political fortunes – if it does indeed plan to survive until May – that the Prime Minister felt compelled to bring out the nuclear option on Thursday.

The Prime Minister attacked Labor's Bill Shorten for being soft on border protection.

PM downplays March election chance

Prime Minister Scott Morrison has moved to downplay speculation the government was leaving the door ajar for a possible early election in March to avoid having its minority position exposed by a vote in the House of Representatives in the new year.

Personal Finance

Volatility is getting more attention from investors when it comes to evaluating market strategies, not just for the next ...

Strap in for volatile markets

Volatility is getting more attention from investors when it comes to evaluating market strategies, not just for the next few months but the next few years.

"I've taught in a boys' school, I've taught in a co-ed school. But I specialise in girls for an overt reason," says Dr ...

Girls' schools 'more relevant' than ever

"People are now looking to school in a way they used to perhaps look to their local church or their synagogue," says Wenona school for girls principal Briony Scott.

Indian tourist visa delays cost $500m

While the low Australian dollar is an encouragement for prospective tourists, visa approval delays have created significant issues for those travelling from India.

Lifestyle