Business
Banking & finance
Inflation driving insurance premiums higher, says QBE
QBE boss Andrew Horton says the pace of inflation will be a crucial influence on insurance premiums, which continue to surge.
- by Clancy Yeates
Latest
Millennial threatens Evergrande with wind down if he doesn’t get his money back
Thirty-year old investor Lin Ho Man is taking on the fallen Chinese property giant in a first-of-its kind lawsuit, demanding he gets his $160 million back, or else.
- by Venus Feng
AMP to return $1.1 billion to shareholders
The wealth giant, which is going through a period of rapid change, has committed to returning $1.1 billion to shareholders over the next 12 months.
- by Simone Fox Koob
‘Smoke and mirrors’: CBA climate lending targets under fire
Climate activist shareholder groups have slammed Commonwealth Bank’s new fossil fuel targets for failing to rule out lending for oil and gas extraction projects.
- by Simone Fox Koob
Opinion
Big four
Why CBA boss is alert but not alarmed about financially stressed borrowers
Borrowers are now just digesting the interest rate entree. The rest of the degustation rate meal will be served over the next five months.
- by Elizabeth Knight
Opinion
Inside China
China’s new financial threat lurks in the shadows
Beijing has just sent another signal that shows just how concerned authorities are that the implosion of China’s property development sector could ignite a wider financial crisis.
- by Stephen Bartholomeusz
Updated
Earnings season
CBA chief says falling house prices will hit spending
CBA chief executive Matt Comyn says the decline in house prices will spark a negative “wealth effect”, where consumers cut spending when their on-paper wealth falls.
- by Clancy Yeates
Opinion
Interest rates
Banks stick to the same tune - little evidence of stressed borrowers
The big four banks are harmonising perfectly in the chorus of their song titled “nothing to see here”.
- by Elizabeth Knight
NAB customers in ‘good shape’ but higher costs a worry for investors
The bank’s quarterly update shows cash earnings of $1.8 billion, an increase of 6 per cent on the same quarter last year, in line with analyst consensus.
- by Simone Fox Koob
Suncorp says home insurance premiums surging 15% amid wild weather
Chief Steve Johnston has blamed a record-breaking year of disasters and surging building costs for sharp rises in insurance premiums.
- by Clancy Yeates
‘Framing the downside’: All eyes on CBA as market focuses on outlook
Commonwealth Bank is poised to deliver exceptionally healthy full-year results this week, but analysts and investors warn the numbers will largely be “in the rearview mirror”.
- by Simone Fox Koob