Bill Shorten's speech was deliberately reassuring in firmly stating Labor's appreciation of the industry's economic ...

Coal-powered politics fires up

The frenzy over asylum seekers demonstrates how the political cycle always turns – but with repetitive echoes. These days it's banks rather than miners desperately fighting against the full weight of political and community opprobrium, for example.

The Greens have called for a tax on the big four banks to help the budget bottom line.

Big four banks accused of 'free ride'

Reserve Bank of New Zealand governor Adrian Orr has launched a fierce defence of his plan to force Australian banks to hold more capital suggesting they were on a "free ride".

Sydney vacancy rates rise 40pc

The number of vacant properties for rent in Sydney jumped a staggering 40 per cent from 15,775 last January to 22,426 this year and is expected to further climb.

Morrison goads Shorten in QT

Props are tolerated but not encouraged in federal Parliament, presenting a challenge for prime ministers with stories to tell.

Bank regulators struggle with culture

The world's most senior banking regulator says culture is such an amorphous concept that APRA will struggle to meet its Hayne recommendations.

Cartel conduct 'difficult to prove'

Experts warn that cartel conduct was "hard to prove" and the Australian Competition and Consumer Commission's probe into the big accounting firms may not find evidence of wrongdoing.

US rate rise boosts Computershare

Computershare's underlying business is stable and the company has benefited from higher interest rates in the US, Britain and Canada, says chief executive Stuart Irving.

Evolution Mining executive chairman Jake Klein.

Evolution looks to gold price boost

Evolution Mining's Queensland gold operations have escaped the worst of devastating floods, keeping its full-year output and cost guidance unchanged.

Australian shares fell on Wednesday led largely by CSL and Commonwealth Bank.

CSL and CBA drag ASX lower

The Australian sharemarket closed 0.3 per cent lower on Wednesday, as investors in the index heavyweights headed for the exits.

CSL keeps its growth stock mantle

The wisdom of investing in companies with $US-denominated earnings was clear when CSL reported 10 per cent growth in its net profit.

The Reserve Bank's head of economic analysis Alexandra Heath says despite the central bank downgrading its consumption ...

Jobs market 'much stronger' than expected: RBA

The RBA's head of economic analysis has backed the central bank's confidence in wage growth, claiming it should offset any softening in consumption that might be linked to a negative wealth effect.

Opinion

How Hayne set speedbumps for Carsales

An online classifieds company might be the last place you'd expect to take a hit from the banking royal commission. But chief executive Cameron McIntyre says it has thrown up several problems.

An asylum seeker boat off Christmas Island in 2013, containing mostly Iraqi, Iranian and Pakistani men.

How the new medivac rules will work

Changes pushed through by Labor and the crossbench will see the onus fall on doctors and the immigration minister for transfers of sick boat people.

Prime Minister Scott Morrison: The government accepts it will take some time to remind the voting public of the days ...

Morrison beefs up border protection

The Morrison government has beefed up its border protection measures and will reopen the Christmas Island detention centre in anticipation of what it claims will be a resumption of the people smuggling trade.

'Armageddon': Qld graziers call for army

Julia Creek grazier Philip Curr says they need the army to help clear up the "armageddon" of up to 500,000 dead cattle scattered across north-west Queensland.

Niall Ferguson: 'On balance you would have to say the international financial system is not really much more stable than ...

'Illusions' of heavy regulation mask risks

British historian Niall Ferguson is urging Australia to avoid the mistakes of US and European regulators who tried after the 2008 crisis to regulate "with great specificity every single aspect of a bank's operation".

Get cracking on Hayne, say experts

Veterans of Britain's banking inquiries say reform momentum can fade quickly, and the threat of prison might be needed to focus CEO's minds.

Personal Finance

Shake-up in subprime market as exiting lenders replaced by new.

Subprime lending in shake-up

Digital home-loan lender Tic:Toc is launching into the sub-prime market targeting small business owners as five lenders quit the sector claiming "industry changes".

Residents may be offered wine with a meal which is selected from a menu or have the paper delivered.

Cost of the 'feel good' factor in aged care

Hotel-like 'extras' present a financial dilemma for families weighing up the benefits of paying more for something that has nothing to do with care but may make loved ones feel better.

AMP chief economist Shane Oliver: "It's well-known that when the consensus of experts' forecasts are compared with ...

The 9 bad habits of highly ineffective investors

In the upside-down world logic that applies to much of investing, there are a bunch of mistakes investors often make which makes it harder for them to reach their financial goals, writes Shane Oliver.