RBA retreats on rate hike
![Dr Lowe on Tuesday said the central scenario is for the domestic economy to grow about 3 per cent this year and a little ...](http://web.archive.org./web/20190206025359im_/https://www.afr.com/content/dam/images/h/1/8/t/0/t/image.related.afrIndexLeadWide.460x260.h1awr1.gshfrb.png/1549417361950.jpg)
Slowing growth has forced Reserve Bank governor Philip Lowe to retreat from his tightening bias and declare "the probabilities appear to be more evenly balanced" between an interest rate hike and an interest rate cut.
Slowing growth has forced Reserve Bank governor Philip Lowe to retreat from his tightening bias and declare "the probabilities appear to be more evenly balanced" between an interest rate hike and an interest rate cut.
Commonwealth Bank shareholders could be forgiven for seeing the ghost of Ian Narev floating around the bank in recent days. That ghost giveth and the ghost taketh away.
US President Donald Trump is about to give deliver his annual State of the Union speech, delayed by the recent government shutdown. Follow us live from Congress.
When you control 25 per cent of all home loans and handle about a third of all household deposits, as CBA does, it's hard not to make a big profit.
One in four buyers of housing lots in Melbourne, the country's biggest residential land market, are defaulting on their purchases, says Financial Review Rich Lister Nigel Satterley.
The S&P;/ASX 200 is up to 6036 led by information technology and industrial stocks. Banks and utilities are underperforming.
Shares in the first tech IPO of the year, Splitit, have more than quadrulpled after its first week on the ASX.
CBA has delivered a cash profit for the half year of $4.68 billion, up 1.7 per cent despite higher funding costs, driven by strong home lending growth from its branches, lower operating expenses and bad debts falling.
US private equity giant TPG snares pet suppler and vet operator Greencross after its $675 million offer was approved by shareholders.
Virgin Australia has appointed Paul Scurrah as the airline's new chief executive to succeed John Borghetti.
Discounts and rebates in the outdoor advertising market will come under scrutiny as the competition watchdog launches an initial investigation into practices in the sector.
Coles has renegotiated its uncompetitive fuel supply deal with Viva Energy but has warned convenience earnings will fall 62 per cent this year.
Commonwealth Bank of Australia's half-year result has confirmed what fund managers already suspected: it's not easy out there for banks.
It has been a busy few days for Macquarie's equities desk.
Australian shares are poised to rise ahead of a midday speech by RBA governor Philip Lowe.
ExxonMobil and Qatar Petroleum will begin construction immediately on a $13.8 billion LNG export facility in Texas.
Vale's decision to temporarily halt more of its operations in Brazil could cause "incremental supply shock" and lift prices.
When you control 25 per cent of all home loans and handle about a third of all household deposits, as CBA does, it's hard not to make a big profit.
Commonwealth Bank shareholders could be forgiven for seeing the ghost of Ian Narev floating around the bank in recent days. That ghost giveth and the ghost taketh away.
Kenneth Hayne's decision to single out NAB chairman Ken Henry and CEO Andrew Thorburn for special criticism in his final report has the potential to end their careers at the bank.
Recent state elections suggest this year's nationwide poll could be tight. Its outcome might not alter economic policies all that much. But it might alter India. Whatever happens, India is an important country.
Catherine Tanna, the head of EnergyAustralia, has laid into the energy divestment bill with the harshest criticism yet of the government's motives for pushing it forward.
The Prime Minister says an historical defeat in Parliament next week won't spark a snap election, describing a bill for medical transfers of asylum seekers as "stupid".
Labor says the government has either rejected or failed to fully commit to implement 14 of Commissioner Kenneth Hayne's 76 recommendations.
The Federal Court is poised to become the main forum for "white-collar" crime, with ASIC and the Commonwealth DPP supporting a move aimed at reducing waiting times of more than two years.
Malcolm Turnbull has strongly endorsed Liberal defector Julia Banks and given a lukewarm assessment of the Coalition's electoral prospects.
President Donald Trump plans to meet North Korean leader Kim Jong Un in Vietnam on February 27 and 28, news reports say.
Since the financial crisis, perhaps no income level has been cited more than the so-called "1 per cent". Yet that term can describe a wide variety of earners, depending on where you live.
Recent state elections suggest this year's nationwide poll could be tight. Its outcome might not alter economic policies all that much. But it might alter India. Whatever happens, India is an important country.
Australian exporters to Britain could be $200m a year better off if Trade Secretary Liam Fox's plan is adopted in a no-deal Brexit.
Apple's French division said it had reached a deal with Paris to pay an undeclared amount of back-dated tax, a figure estimated at about €500 million.
The fire in the cladding of a residential building set our alarm bells ringing, but do we have reason to panic?
IAG's first-half net profit fell 9.3 per cent to $500 million as the general insurer cut its interim dividend to 12¢ per share.
A change to the contribution rules from July 1 helps people with limited balances to top up their retirement savings without having to satisfy the work test.
Kenneth Hayne's decision to single out NAB chairman Ken Henry and CEO Andrew Thorburn for special criticism in his final report has the potential to end their careers at the bank.
NAB chief Andrew Thorburn and chairman Ken Henry will fight for their jobs amid growing political pressure, insisting the bank has learnt from its mistakes.
Last June, AFR Rich Listers Shesh Ghale and wife Jamuna Gurung took a stroll that should ensure they maintain the billionaire status they will reach in 2019.
The public are urging CEOs to take a greater lead on social issues and drive the national agenda, with public trust in local business leaders jumping significantly this year.
Charles Blackman's Alice on the Table has top billing for the autumn auction season and will test the market less than a year after his death.
Get unlimited access to Australia's best business news and market insights, including our award-winning app.
Already a subscriber? Log in