The accelerated plunge in home loans caused UBS analysts, who had expected a gentler fall in lending of 3 per cent over December, to downgrade their peak-to-trough forecast of home prices from a fall of 10 per cent to 14 per cent.
The crisis at David Jones' South African parent Woolworths has deepened following the abrupt exit of Gail Kelly and Patrick Allaway from the board.
A former Sydney-based Deutsche Bank derivatives trader who inflated his profit-and-loss figures to mask trading losses has escaped jail time.
Super Retail Group CEO Peter Birtles sounds personally devastated that his impressive reign at the company has ended with an ugly underpayments scandal. As he should.
Australian shares closed higher on Tuesday as muted gains by the index heavyweights ended a two-day run of losses.
Loans to housing investors slumped to a seven-year low in December as banks remained cautious and a declining residential market dampened appetite for credit.
Business conditions have marginally rebounded in January but are still trending down creating further pressure on interest rates.
Transurban's WestConnex win means it now has nine projects due in the next five years. CEO Scott Charlton knows he now needs to deliver.
Super Retail Group's 2019 profits will be hit by $43 million in one-off costs to compensate retail managers underpaid for six years.
The packaging group run by major shareholder and Rich Lister Raphael Geminder has taken the knife to asset values by up to $340 million.
Amcor will sell three Bemis healthcare packaging plants in the UK and Ireland to gain EU competition clearance, and other asset sales are likely in the US.
Stamp duty and integration costs linked to Transurban's $9.3bn purchase of Sydney tollroad WestConnex weighed down interim profits.
A 30 per cent allocation to so-called "illiquid assets" such as infrastructure and property boosted the portfolio's overall return while hedge fund investments offset a sharp decline in equities.
JD.com shares have dropped more than 40 per cent in the past year. Yet it still trades at 60 times forward price-to-earnings, compared with Alibaba at 27 times. It is due another de-rating.
A hedge fund trading in 'life settlements' is starting to turn a profit as the population ages.
Morgan Stanley paid a 43 per cent premium to snap up employee stock plans manager Solium Capital as it targets future millennial millionaires.
The conflict between the US and China has obvious similarities to the clash between Britain and Germany in the decades before the first world war. Markets did not see that coming either.
Transurban's WestConnex win means it now has nine projects due in the next five years. CEO Scott Charlton knows he now needs to deliver.
Scott Morrison's message is a political clarion call about keeping Australia strong, insisting that only this government can be trusted to keep the country secure.
Challenger has kicked off a period of financial conservatism under new CEO Richard Howes by paying its interim dividend out of retained earnings.
It is no surprise that Aurizon CEO Andrew Harding's fragile interim numbers are the product of many moving parts.
Enhanced powers to strip extremists of citizenship are under a cloud, with Labor warning they might be unconstitutional and amount to "exporting terrorism".
The move to single touch payroll for all businesses in Australia is estimated to be worth as much as $1.3 billion in boosted productivity this financial year.
The Coalition could be spared the humiliation of being the first government in 90 years to lose a substantial vote in the lower house after the Greens baulked at a compromise plan by Labor.
The granting of a prized tax break Tuesday to a politically connected Sydney charity has annoyed some competitors.
Michaelia Cash's chief of staff told her media adviser about pending police raids on the Australian Workers' Union that was then leaked to the media, the Federal Court has heard.
Italy's populists opened a new front in their clash with the country's central bank, calling on lawmakers to pass legislation stating that its gold holdings worth almost $146 billion belong to the state.
Britain's economy is growing at its slowest pace since the financial crisis, as manufacturing, construction and investment turn sour.
A modest Washington-Beijing trade breakthrough won't defuse an intensifying cold war over technology that will hurt investors, says seasoned China-watcher Kevin Rudd
The European Union says it is doing everything it can to salvage a 10-year-old deal on hormone-free beef which benefits Australian exporters but which the US has threatened to tear up.
Private investigators working for Jeff Bezos have concluded their investigation into who leaked intimate text messages to the National Enquirer.
Given the relatively nimble nature of small to mid-cap companies, they're particularly exposed to the positive or negative influence of decision-making by the executive team.
The Tax Office has stopped $2.7 billion from being lost to the cash economy in the building and construction industry.
How can investors profit from China's race with the United States for 5G supremacy? Finding the answer is as tricky as figuring out the geopolitics.
Major companies are hiring graduates for jobs they are not technically qualified for as business shifts to more flexible employment.
Financial institutions will be forced to build up their compliance systems to reduce misconduct and to avoid sanctions from newly-empowered regulators, says a governance expert.
Tony Abbott has joined the man he evicted from The Lodge at the vanguard of elite self-delusion.
The strong economy is leading employers to develop "keep warm" strategies to retain graduate employees, as the competition for educated workers increases.
For the best way to discover – or rediscover – Brisbane, take the advice of local chef and restaurateur Dominique Rizzo.
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