RBA stance swayed by 'housing uncertainty'
The Reserve Bank says the property market correction is a "significant area of uncertainty" as it outlined why it has shifted its monetary policy outlook to a more neutral stance.
Labor’s $2.6 billion a year gift to banks
The biggest cost a bank incurs when selling home loans is the fees paid to mortgage brokers. Labor's policy of banning these payments will save the banks a fortune, writes Christopher Joye.
Berejiklian gets a lesson in transport politics
Facing voters in six weeks, the NSW premier could be punished for ambitious improvements to the state's road, rail and tram networks.
Banned billionaire wants money back
ASIO ordered the cancellation of Chinese billionaire Huang Xiangmo's residency in Australia because he was "amenable to conducting acts of foreign interference".
Thorburn led from the front, with his chin
The NAB chief presented a different sort of leadership style, even if what he saw as his personal strength came back to bite him.
ASX remains lower, $A dives
Australian shares are still trading lower through the middle of the day after a brief rally was reversed by the RBA's Statement on Monetary Policy.
NAB wavers, external CEO push starts
Analysts have given NAB's plans to reset the bank's culture the thumbs up however momentum behind a push for an external candidate is growing.
RBA says credit crunch not to blame for property fall
The Reserve Bank sides with bank executives in dismissing the notion that tougher lending sparked a "credit crunch" that's hurt housing prices.
All boardrooms must heed Hayne's message
I wonder why executives weren't traumatised so much earlier when they knew that they were overseeing business operations in which misconduct was an integral part, writes Graeme Samuel.
Foxtel's Kayo hits 100,000 paying subscribers
Foxtel's direct-to-consumer sports streaming service Kayo has delivering 100,000 paying subscribers.
Advice 'more challenging' post Hayne: Westpac
Westpac CEO Brian Hartzer says Commissioner Hayne's final report will drive profound change but the rising cost of financial advice may price some consumers out of the market.
Bellamy's launches new omega-3 formula
Bellamy's Australia has a baby formula with twice the omega-3 of its rivals, one that is cheaper and a likely winner with mums of infants.
Macquarie's Marynissen, Johnston depart
Macquarie's head of wealth management Bill Marynissen and executive director Rob Johnston will leave the bank.
Norsk Hydro hit by restricted Brazil output
Norsk Hydro warned it would miss its 2019 savings targets due to restricted output in Brazil and higher material costs.
Rate cut bets put a rocket under shares
Australian shares soared to a four-month high a day after the Reserve Bank of Australia indicated it is open to cutting interest rates, lifting shares of dividend-friendly property and bank stocks.
Lowe navigates uncharted waters
Reserve Bank governor Philip Lowe is met with bemused looks from former RBA heads when he talks of his determination to lift wages and inflation higher.
Strong earnings lift ASX to four-month high
The Australian sharemarket closed at four-month high on Thursday as better-than-expected results were rewarded with strong gains.
Opinion
NAB governance fails again
NAB has been the worst performing big four bank for a good reason. It has had a succession of chief executives who have failed to deliver what was promised.
Get ready for a rerun of election 2007
A 24-year-old with a HECs debt and no prospect of owning a house has no sympathy for somebody who enjoyed a free education and is now complaining about losing a tax refund even though they pay no tax.
What's ahead for private equity in 2019?
Australia has been more reluctant than the US and Europe to embrace private equity. Is that about to change?
Hayne brutally sealed NAB pair's fate
Ken Henry once said he would have to throw Andrew Thorburn under the bus one day. He never would have expected to get run over at the same time.
Foreign nation suspected in federal MP computer hack
China or Russia are suspected of being behind a hack on federal MPs computers, which prompted a mass changing of passwords.
'Expect more bank bosses to go,' Pyne says
Defence Minister Christopher Pyne expects more banking CEOs to quit, saying the royal commission's evidence had been damning.
'No chance': Teacher turns on Labor over franking
A public hearing into the Labor party's plan to end dividend tax refunds descended into chaos on Friday amid claims the inquiry was a Liberal party "scam".
What Tony Abbott said to Simon Benson
One lucky guest at Canberra's Kurrajong Hotel was blessed to sit metres away from a rather intimate conversation.
Harper 'chastened and rebuked' by Hayne
A key architect of Australia's financial system says he feels chastened and rebuked for underestimating bad conduct by the banks and admits the regulatory system needs to be more vigorous.
France rebuffs Germany on controversial pipeline
France plans to back an EU proposal to regulate Russia's Nord Stream 2 pipeline, potentially threatening its completion and dealing a blow to Germany which has been trying to garner support for the project.
Trump-Xi meeting seen missing deadline
A meeting between Donald Trump and Xi Jinping before the truce over their trade war expires on March 1 is "highly unlikely", according to reports out of the White House.
Brexit vote faces more delay
British and EU officials will resume talks, likely delaying a parliamentary crunch vote until later in February - but Australian exporters are in need of certainty by next week..
State of Paranoia: Northern Ireland troubles return
Stability in Northern Ireland was always entwined with the European Union. Now Brexit is exacerbating old divisions.
US envoy in N Korea ahead of second Trump-Kim summit
A senior American negotiator has arrived in North Korea to sort out crucial details for a nuclear summit meeting in Vietnam between President Donald Trump and the North's leader, Kim Jong-un.
Personal Finance
3 traps that can stop home owners getting rich
According to a researcher who studied 10,000 millionaires, there are three mortgage-related traps home owners can fall into that ruin their chances of building wealth.
ME Bank backs go-slow on broker commissions
ME Bank, which is owned by 26 industry super funds and relies on mortgage brokers for 70 per cent of home loans, has urged a slow approach to reforming commissions.
Why SMSFs need to prepare for unexpected
It's important to have an investment strategy that deals with events like the royal commission and possible changes to dividend imputation rules, writes John Wasiliev who answers your questions on superannuation.
Here's how to get what you pay for in a bank CEO
Bank boss remuneration schemes don't work. Here is how to make them tougher but fairer.
Innovation has become 'politically toxic'
The venture capital community can see a future where the top five companies on the ASX are technology businesses and not banks.
NAB's bloodbath shows the value of showing you're sorry
Commonwealth Bank and ANZ got off relatively lightly after a more sympathetic performance on the witness stand.
Culture Amp races to hit the magic $US100m
Culture Amp co-founder and CEO Didier Elzinga once baulked at a $400 airfare. Now the start-up is on track for $US100 million revenue by 2020.
Lifestyle
Hello Kitty room in Tokyo is a study in kawaii cuteness
She’s not just on T-shirts – Hello Kitty now has four themed rooms in a Tokyo hotel.
