The benchmark S&P/ASX 200 Index dropped 31 points, or 0.5 per cent, to 5858.

ASX trips over banks and miners

The ASX broke a five-day winning streak as banks, miners and energy companies lost ground after the IMF sounded a gloomy outlook.

AFR FIRST USE ONLY.  new housing estate at KELLYVILLE NORTH  in western sydney. generic housing , development , ...

The great house-price balancing act

House prices are going through a textbook adjustment. Only policy miscalculation could make it into something worse, writes Richard Yetsenga.

Volt Bank gets APRA green light

The prudential regulator has lifted Volt's restricted licence and granted it full bank status, giving it a headstart in the neobanking race.

Rogoff warns of dire China slowdown

Harvard professor Ken Rogoff said China has exhausted its credit-driven growth model and this is rapidly becoming the greatest single threat to the global financial system.

Downbeat IMF underlines commodity risks

The International Monetary Fund's second downgrade to the global growth outlook in three months has underlined the risks facing Australia's commodity exports to China.

Afterpay CEO Nick Molnar says Afterpay is not a credit provider.

Senate probes Afterpay, Zip chiefs

Young Rich Listers Nick Molnar and Larry Diamond were divided on the question of responsible lending checks when questioned by a Senate committee Tuesday.  

API investor wary of Sigma merger

API investor Andy Gracey says a proposal from the drug wholesaler to merge with Sigma Healthcare throws a lifeline to an under-pressure rival.

Chief executive Andrew Mackenzie says the global miner looked good at the end of the first half.

BHP suffers $US600m hit  

BHP's first-half results will include a $US600 million 'negative impact' on its iron ore production as it upgraded guidance on copper output.

Opinion

Treasurer Josh Frydenberg played down the risks of oncoming economic "storm clouds" during a wide-ranging speech to the ...

Budget surplus on track, says Frydenberg

The economic storm clouds on the global horizon have left Treasurer Josh Frydenberg unfazed, as he reaffirmed the government's position that the budget would reach a surplus next financial year.

President Donald Trump, right, and Chinese President Xi Jinping at the Great Hall of the People in Beijing.

Australia top target for Chinese CEOs

Rising trade tensions with the US have prompted Chinese companies to abandon the American market - with Australia the major beneficiary, a survey shows.

Former ALP boss to run as a Liberal

Former Labor Party national president Warren Mundine will run for the Liberals in the marginal federal NSW seat of Gilmore after an intervention by Scott Morrison.

Global storm clouds threaten economy

Treasurer Josh Frydenberg says Australia faces a continuing deceleration in the world economy as IMF warns a big global risk is a greater-than-expected China slowdown.

GSK chairman to step down ahead of break-up

Philip Hampton has announced he will step down as chairman of GlaxoSmithKline just a month after the UK drug-maker announced a break-up that will jettison its established vaccines-to-toothpaste mode

China's Xi warns of 'serious dangers'

Chinese President Xi Jinping - determined to avoid any unrest before the 30th anniversary of the Tiananmen Square massacre - stresses the need for political stability.

Personal Finance

CBA could cut its dividend in the 2020 financial year following the demerger, says Morgan Stanley.

CBA dividend cut on the cards

CBA could be forced to cut its dividend because the sale of its insurance and asset management units will leave an earnings hole, says Morgan Stanley.