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Why house prices don't stress RBA

As long as the economy is doing well and people have jobs, the RBA is not too concerned about falling property prices increasing negative equity.

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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.  

US regulators see no reason for panic

Top US financial regulators assured Treasury Secretary Steven Mnuchin during a hastily organised call that they are seeing nothing out of the ordinary in markets.

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.

5G will not be widely used until at least 2020, but the deal with Optus will give Vocus new options for 4G products.

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.

Oil sinks more than 6 per cent

Oil prices plunged more than 6 per cent to the lowest in more than a year, pulling back sharply late in the session in New York.

Aluminium ended down 0.8 per cent at $US1893 a tonne in holiday thinned trade, having hit its lowest since mid-July at ...

Aluminium touches 16-month low

Aluminium hit 16-month lows as investor worries over slowing global growth and tightening monetary conditions overshadowed news of smelter cuts in China.

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.

Adani has sent earth-moving equipment to its Carmichael mine but can't break dirt until it receives final approvals.

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.

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.

Alastair MacGibbon, head of the Australian Cyber Security Centre at the Australian Signals Directorate in Canberra, ...

Australia blasts China for hacking

The Morrison government has joined foreign allies to blast China's "huge" state sponsored hacking attacks against Australian and other global companies.

Indonesian volcano eruption that likely caused tsunami.

Indonesia warns of new tsunami risk

Residents along Indonesia's Sunda Strait coast were warned to avoid beaches for at least two days for fear that volcanic activity could generate another powerful tsunami.

Administration officials said Trump was annoyed by Mattis' resignation letter, which included an implicit criticism of ...

Trump takes parting shot at Mattis

President Donald Trump criticised departing Defence Secretary James Mattis for failiig to recognise the true costs of America's military support around the world.

Israel heading to April elections

A dispute over legislation aimed at drafting ultra-Orthodox Jews into the military brought down Prime Minister Benjamin Netanyahu's coalition government.

N Korea loses Warmbier family lawsuit

A US judge awarded $710 million in damages to the parents of Otto Warmbier, a college student who died last year after suffering a severe brain injury while detained in North Korea.

Personal Finance