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Open banking is the next minefield for the industry

After a year of unprecedented scrutiny by the Hayne inquiry, banks are desperate to ensure the sharing of customer data under the government's "open banking" regime doesn't sow the seeds of the next royal commission.

Sydney residents flee 'cracking' building

Engineers say the 30-storey Opal Tower apartment block shifted by up 2mm while some residents will have to spend the night before Christmas in alternative housing after fleeing the building.  

Washington shrugs off shutdown threat

As a partial shutdown of the federal government entered its second day, a normally fevered Washington found itself mustering little more than a collective shrug.

Alleged landbanking scheme frozen

The Federal Court of Australia has frozen a suspected landbanking scheme in Melbourne that raised more than $10 million from investors.

David Jones Canberra store manager Gabrielle Hicks and sales manager Alyssa Cooper with Camilla apparel that will be ...

Record Boxing Day sales figures expected

Businesses are expecting a big Christmas spend with Australian shoppers set to splurge a record $2.49 billion at the Boxing Day sales this year, retail analysts say.

MYOB accepts lowered KKR bid

Accounting software company MYOB has recommended that its shareholders accept a $3.40 per share acquisition offer by private equity firm KKR.

Vocus signs 5G deal with Optus

Vocus has signed a deal with Optus to access its 5G network, in a move that will give the $1.9 billion company access to a larger range of mobile products.

Analysts says Treasury Secretary Steven Mnuchin's outreach to the banks and subsequent statement were likely to backfire ...

'This looks like panic in the administration'

Treasury Secretary Steven Mnuchin startled observers on Sunday by issuing a statement declaring that the nation's six largest banks had ample credit to extend to US businesses and households.

Pirates, peace and war on the ASX

Shareholders of three pirate-themed investment companies are threatening mutiny in the most absurd corporate scandal of the year.

ASX rallies ahead of Christmas

Australian shares snapped a four day losing streak on Monday, rallying from a 1 per cent fall at the open to end the final trading session before Christmas in the green.

Opinion

Christopher Joye

RBA needs to pull its head in on lending

The banks are being justifiably cautious on home loans and will be building even more equity capital buffers. This means they'll need less capital, which explains their hybrids' strong performance, writes Christopher Joye.

Indian giant Adani approval delayed

Adani will miss its Christmas deadline to begin construction of its Carmichael mine after the Palaszczuk government commissioned a new independent review.

A friend of Australia: Departing US Secretary for Defence James Mattis and now-Foreign Affairs Minister Marise Payne.

Trump's defence shake up rocks Australia

Australia's defence relations with the US have been rocked by President Trump's decision to withdraw troops from the Middle East and the snap resignation of US Defence Secretary James Mattis.

A draft law in China promises to protect the intellectual property rights of overseas investors, encourage voluntary ...

China weighs law to curb forced technology transfers

A draft law aiming at protecting foreign investment and preventing the forced transfer of technology has been submitted for review at a Chinese legislators' meeting, which started on Sunday, People's Daily reported.

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