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How commercial banks fund their loans is changing significantly as funding costs continue to rise since the global financial crisis, the Reserve Bank of Australia says. In February, the central ban..
James Packer's Consolidated Media Holdings (CMH) says its one-quarter stake of pay TV provider Foxtel is not for sale. However, the company said in a statement on Friday there had been some discuss..
Westpac's business customers have received greater interest rate relief than mortgage holders, with the bank saying the sector needs a boost in the current economy. Westpac became the third of the ..
Australia's busiest air routes are set to get even busier after Qantas Airways announced plans to add more flights in the latest salvo in its battle with Virgin. Those extra flights will not includ..
The Australian stock market has closed lower with miners hit hardest on a day of widespread declines. The benchmark S&P/ASX200 index ended down 33 points, or 0.75 per cent, at 4,396 points, whi..
Insurer American International Group, which came close to collapsing during the financial crisis before being bailed out by the US government, says its profit grew more than twofold in the first quart..
The federal government's pursuit of a budget surplus could threaten fragile consumer confidence and set back any economic recovery, the head of Australia's largest credit union says. Chris Whitehea..
Westpac has cut its standard variable home loan rate by 37 basis points to 7.09 per cent. Its variable rate on business loans has been cut by 50 basis points. The decision on Friday came after t..
The Reserve Bank of Australia (RBA) has cut its growth and inflation forecasts for the next 18 months as weaker global conditions hit exports and restricted wage growth keeps prices in check. The R..
Stocks to watch on the Australian stock exchange on Friday, May 4 AAD - ARDENT LEISURE GROUP LTD - up two cents at $1.295 TThe head of some of Australia's most popular theme parks says lower int..
