NAB lifts rates, breaks pledge to hold
![NAB's Mike Baird delivered the news that the bank would lift rates for the first time since March 2017.](http://web.archive.org./web/20190124032139im_/https://www.afr.com/content/dam/images/h/1/7/0/o/c/image.related.afrIndexLeadWide.460x260.h1afgw.gshfrb.png/1548299740657.jpg)
NAB has ended its pledge to hold standard variable rates as long as it can by announcing a surprise across-the-board rate rise for home owners.
NAB has ended its pledge to hold standard variable rates as long as it can by announcing a surprise across-the-board rate rise for home owners.
Investors have finally got another key piece of data as they wrestle with how to assess supermarket giant Coles Group, the new kid on the blue chip block.
The Morrison government has been accused of laying the ground for desperate vote buying and fiscal irresponsibility over secret preparations to roll out one-off cash payments to pensioners and lower-income families before the election.
ASIC cautioned against extrapolating the results for the broader market because its inspections targeted higher-risk areas, but commissioner John Price said the findings suggest more work is needed.
Australian shares alternated from small gains to small losses, and the unemployment rate fell to 5 per cent.
Confidence in Australia's housing market has sunk to a new low as property prices in Sydney and Melbourne continue to drag on the rest of the country.
For the first time in his two years in office Donald Trump is feeling the heat. Not from the media - he's used to that - but from supporters.
China's first digital-only bank WeBank has laid the foundations for an Australian rollout following a lightning trip by executives from majority shareholder Tencent.
A $3 billion acquisition and strong performance from its core portfolio lifted Santos' full-year sales by 19 per cent to a record.
There's one niggling issue dogging TPG's $675 million takeover of vet chain and petcare retailer Greencross.
The extraordinary sell-off in Challenger shares demonstrates how the company's past performance is brutally colliding with its future prospects.
The fight between two brothers over Village Roadshow could be worse than the family feuds waged inside the Murdoch, Fairfax and Packer dynasties.
A fall in full-time jobs has been offset by a surge in part-time workers, with a total of 21,600 jobs being added to the economy in December, beating economists forecasts.
Capital Economics has turned "even more bearish" on the Aussie, resetting its 2019 forecast for the currency to US60¢.
Many European broking analysts lost their jobs due to new regulatory rules. Their Wall St brethren had been protected, but may not be for much longer.
The first task facing some of Sydney's top hedge fund managers is explaining to their investors why they should keep the faith.
US strategists cut S&P; 500 first-half profit estimates by the largest margin in four years, according to FactSet.
Shadow treasurer Chris Bowen will no doubt see some irony that fund managers and self-managed super trustees are about to get a handy special dividend sugar hit from the Labor policy they hate.
The sharing economy is big and getting bigger. That means the Australian Taxation Office wants to claim its share of the money. Beware all Airbnb owners.
The first task facing some of Sydney's top hedge fund managers is explaining to their investors why they should keep the faith.
There's one niggling issue dogging TPG's $675 million takeover of vet chain and petcare retailer Greencross.
The Morrison government is considering pre-election cash handouts to pensioners and families in an effort to make sure the entire electorate will have a reason to vote for the Coalition.
China has confirmed the detention of Australian academic and author Yang Hengjun, setting the scene for a hostile day of meetings.
Shadow treasurer Chris Bowen will no doubt see some irony that fund managers and self-managed super trustees are about to get a handy special dividend sugar hit from the Labor policy they hate.
Former deputy tax commissioner Michael Cranston claimed he was seeking to help the tax office avoid bad publicity when he allegedly helping his son's business associates.
The Australian Energy Market Operator warned of "load shedding" amid a heatwave in SA that "we haven't seen in 80 years". "This is an all time peak," the regulator warns.
China's record delegation to the World Economic Forum paints a positive gloss on an economic slowdown and crackling trade tensions.
Donald Trump said he would hold an alternative event to the State of the Union address after Nancy Pelosi barred him from speaking in the House.
Huawei, charged with aiding Iran, quickly won over Europeans, joining Prince Charles' charities, and pumping billions into research.
The US is joined by Brazil and Canada in ratcheting up pressure on Nicolas Maduro, recognising opposition leader Juan Guaido as Venezuela's interim president.
A fearful voice message apparently sent by missing soccer star Emiliano Sala has emerged as rescuers continue to search for his plane, which disappeared over the English Channel.
After an 'excessive' correction, Fat Prophets cites Apple as an attractive investment reward proposition 'at this juncture'.
You can set things up for loved ones after you die, but make sure you've got enough in the meantime, writes John Wasiliev, who finds answers for your superannuation questions.
A new rule from July this year opens up opportunities to keep topping up your retirement savings.
The judge sent Brody Clarke, a "highly intelligent, well-educated 36-year-old man with a stellar curriculum vitae", to jail for stealing but he also blamed the gaming industry.
Bank of America Merrill Lynch has recruited former Macquarie Capital operative Mark Warburton - as its new local head of ECM.
Former deputy tax commissioner Michael Cranston claimed he was seeking to help the tax office avoid bad publicity when he allegedly helping his son's business associates.
Local start-ups say Treasury plans on income reporting for sharing-economy businesses are proof the industry is maturing.
There would never be a better moment for me to give alcohol a rest. And, thank goodness, there never has been.
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