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Homeowners are using rate cuts to pay off their mortgage faster rather than reduce their home loan burden, Commonwealth Bank (CBA) chief executive Ian Narev said on Tuesday. As attention focuses on..
The Australian market finished slightly higher as the closure of Wall Street due to superstorm Sandy led to subdued local trading. At close on Tuesday, the benchmark S&P/ASX200 index was 8.8 po..
Nib is on track to lift its underwriting profits this financial year and remains confident changes to the private health insurance rebate will not have a major impact on the industry. Chief executi..
A joint review by Australia's central bank and other financial regulators has recommended tighter rules for trading of over-the-counter (OTC) derivatives. OTC derivatives, contracts traded between ..
Casino operator Crown wants to make Perth a major gateway for mass-market Chinese gamblers following the success of casino hotspot Singapore. Crown chairman James Packer said Perth's proximity to A..
BHP Billiton expects its Queensland coking coal production capacity to grow by 50 per cent by the end of 2014. The global miner said production capacity in Queensland would reach 66 million tonnes ..
Travel agent Flight Centre says that despite the soft global economy, it plans to expand its number of outlets worldwide and hire more staff. Flight Centre also said on Tuesday that trading in the ..
Virgin Australia has made a $98.7 million takeover offer for regional carrier Skywest. The news came among a slew of announcements by Virgin on Tuesday, including that it had bought a 60 per cent s..
Stocks to watch on the Australian stock exchange on Tuesday, October 30 AAD - ARDENT LEISURE GROUP - up 1.5 cents at $1.375 Ardent Leisure holds its annual general meeting on Tuesday. It said..
US stock markets are closed as Hurricane Sandy nears landfall on the heavily populated east coast and parts of New York City's financial district were evacuated. The markets are likely to remain cl..
