RBA governor sees rates at 1pc
Philip Lowe has set up financial markets to expect a further easing bias to 1 per cent suggesting the only way the bank can achieve employment growth and inflation targets is through cutting rates.
Rate cut the third boost for property market
Tuesday's rate cut continued the recent run of good news for a property industry already boosted by the Coalition's return to power and a loosening by the banking regulator of mortgage serviceability requirements.
- Opinion
- Interest rates
ANZ, Westpac out on a political limb
Shayne Elliott and Brian Hartzer better hope it’s worth defying the government and the Reserve Bank.
Four dead in Darwin shooting
Police say four people are dead after a shooting in Darwin and a suspected gunman has been arrested, with Prime Minister Scott Morrison saying there's nothing to suggest the incident was terrorism.
RBA governor doesn't see 'zombie' firms in Australia
Reserve Bank of Australian Governor Philip Lowe doesn't believe there are any examples of zombie firms in Australia.
Banks, super funds face another $236m 'Hayne levy'
Banks, insurers and super funds are set to fork out 10 per cent more to fund the work of the prudential regulator, thanks partly to the fallout from the Hayne banking inquiry.
Treasurer slams ANZ as CBA, NAB cut in full
Treasurer Josh Frydenberg lambasted ANZ for not fully passing on the RBA's 0.25 per centage point interest rate cut today, the first change to official rates in 34 months.
Business
CBA, NAB pass through rate cut in full
The Reserve Bank Governor Philip Lowe has piled on criticism of ANZ and Westpac's decision to hold back some of the rate cut, saying lower bank funding costs meant the cut must be passed on in full.
- Exclusive
- Sydney light rail
Concrete action needed to resolve disputes: Acciona
Acciona's global chairman says 'sour feelings' on Sydney's light-rail project are gone, but future disputes need faster resolution.
Stan can both invest and build profits: Sneesby
Stan became profitable in March and is expected to add to Nine's earnings from next financial year.
Afterpay, Zip prop up sluggish retail sales
UBS estimates buy-now, pay-later providers account for 16 per cent of growth in discretionary retail spending in the six months to December 2018.
Mike Cannon-Brookes sets high R&D example
The Atlassian co-founder defended his company's high research and development spend, and said Australia should follow suit to build a renewables export industry.
House price growth would be 'a negative'
Fresh optimism in the housing market could see prices start to grow before the end of the year, but Fitch Ratings warns a sudden turnaround in the market is not a desirable outcome.
Telstra to axe 10,000 contractors
The telco will axe a quarter of its contractors, including customer service and call centre staff, as well as technical contractors, over the next two years.
Markets
Another trading halt as lenders suspend Landmark White
Shares fell a further 12 per cent on Tuesday, halving company's value since just before its last ASX trading halt.
Banks lead ASX rally after RBA cuts rate
Banks led the sharemarket higher on Tuesday after the central bank cut the official cash rate for the first time since 2016 to a new record low.
- Opinion
- Interest rates
RBA finally acts to stave off a self-inflicted recession
The economy requires significantly negative real interest rates or aggressively stimulatory fiscal policy. Right now, we have neither, writes Richard Holden.
Banks help ASX close higher after rate cut
The Australian sharemarket closed higher on Tuesday as the major banks rallied following the RBA's decision to cut interest rates.
Rate cut may be ‘warranted soon’, says US Fed’s Bullard
Investors are betting that the US Federal Reserve will ease monetary policy as soon as next month, after a top official at the central bank admitted that market signals indicated that interest rates might be 'inappropriately high'.
Opinion
China wipes $1b from A2 milk
A plan to boost the fortunes of China's infant formula sector could have ramifications for market darlings A2 Milk, Bellamy's and Bubs.
Columnist
Nobody will win in this hotting up trade war
There are never any winners in a trade war. Only losers, who are overwhelming ordinary citizens who pay more for goods and services.
Editorial
Brexit hits Australian stocks
Three years after the UK voted to shed its EU membership, financial markets are going through another wave of Brexit paranoia with a dozen Australian stocks suffering share price falls.
Columnist
Queensland's gas maverick returns to where it all started
Richard Cottee lands another opportunity to help mitigate the east coast gas crisis.
Columnist
Politics
Blame falls on China after data trove stolen in ANU cyber attack
A 'sophisticated operator' may have stolen almost 20 years of personal data such as names and addresses, birth dates, bank details and passport numbers.
Kevin '07 architect become's Albo's chief of staff
Former ALP National Secretary and architect of Labor's victorious Kevin '07 election campaign, Tim Gartrell, has signed on as chief of staff to Opposition leader Anthony Albanese.
Banks told to pass on RBA rate cut
Josh Frydenberg has told the big four banks to pass on in full any interest rate cut to help to stimulate the economy from what official figures could show is the lowest annual growth rate since 2009.
Outrage as police raid journalist's home
A Walkley Award winning journalist's report on plans to give cyber spies powers to snoop on Australians has been accused of undermining national security.
Marise Payne delivers mild slap at Beijing over Tiananmen Square
Australia's restrained response is in contrast to the US, which praised the "heroes" who were killed standing up to the Communist regime.
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World
China steps up services trade war with travel warning
The move is the the latest sign Beijing will use the economic might of its services sector to retaliate against the United States as both powers lock horns.
Hong Kong vigil marks Tiananmen Square anniversary
The Tiananmen Square anniversary has been notable for the collective amnesia in China around the violent state reaction to protests which, it is thought, claimed the lives of thousands of students and onlookers.
- Opinion
- Trade wars
Foxconn takes trade war fire from all sides
Mr Trump’s message to stay away from Huawei has been heeded by Foxconn investors, even if Brits remain selectively deaf.
Antitrust troubles snowball for tech giants as lawmakers join in
The US government is stepping up its scrutiny of the world's largest tech companies, as regulators divide up antitrust oversight and Democratic lawmakers move to investigate.
Trump meets Queen, feuds with London mayor
The US president has begun his state visit to Britain by visiting the Queen and insulting the mayor of London as protests loom against him.
Real Estate
Stamp duty or land tax? PwC thinks buyers should choose
Stamp duty could be phased out in place of land tax for property sales through an optional change proposed by tax experts.
Developers in a 'better mood' as sales rebound
Villawood Properties sold 18 housing lots across its Melbourne estates last week, up from five-a-week prior to the election.
Charter Hall, Abacus bid for Australian Unity Office Fund
Second time lucky for Australian Unity Office Fund? Charter Hall and Abacus Property Group have acquired a 19.9 per cent strategic interest in the fund.
Benefits of APRA's 7pc loan removal may be offset by other factors
No firm policies and plans have been laid out with the regulator still seeking industry feedback after its announcement two weeks ago .
Mortgage trusts flourish as non-bank lending thrives
Australian mortgage trusts have continued their rapid comeback, growing 61 per cent over the past year, SQM Research says in an annual review.
Personal Finance
- Opinion
- Investing
The ups and downs of investing in plastic
Global investors acknowledge that one of the biggest winners from the US petrochemical resurgence has been ethylene-derived plastics and specialty chemicals.
ATO crackdown on tax return dirty laundry
Nearly half of all taxpayers claimed clothing and laundry deductions in 2018, but the ATO think many of the claims are dodgy.
- Opinion
- Sharemarket
Why charts point to a continued rise of the sharemarket
There are fundamental and technical factors that support a test of the market high around 6850, writes CMC Markets' Michael McCarthy.
Technology
Apple announces new monitor stand that costs $1430
Apple debuted a new Mac Pro desktop computer after several years of professional users complaining about the current version. It comes with an expensive stand.
CSIRO hypes hydrogen as 'game changer' industry
A tie-up with Fortescue to create a new export industry on the gas should be an exemplar to other corporates, Larry Marshall told the Morgan Stanley Summit.
- Opinion
What Facebook can do to avoid regulation
Before we decide either to regulate tech companies or leave them alone, let's find out if anecdotes of bias are just anecdotes, or something more.
Leadership
Former MFS CFO hit with 26 fraud charges
The ex-CFO of failed funds management outfit MFS-Octaviar is accused of taking $4.6 million from a subsidiary - years after the Gold Coast empire collapsed.
Why this boss doesn't eat breakfast at hotels
Forget expensive hotel breakfasts. Scentre Group chief Peter Allen prefers to start his day with cereal and a takeaway coffee.
Lifestyle
All those vegan burgers, rated from best to worst
My quick take after a week of eating faux burgers: Some are getting better. Some are still meh. And some, are just dreadful.
Cruise lines call for Venice reroute
Industry leaders agree cruise ships should not sail through the Giudecca Canal.
Wild weather hits Sydney, snow in Qld
A blanket of white snow has covered parts of the Blue Mountains while the NSW coast is being battered by strong winds and rain.
Inspired design is taking flagship fashion stores to a new level
The powerful synergy between architectural permanence and fashion's flightiness is helping luxury labels tell their stories in a tactile manner.
First electric police car goes from zero to 100km/h in 3 seconds
Victoria Police is one of the first jurisdictions in the world to put an all-electric vehicle into its operational fleet.
