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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..
A disappointing figure for US job creation in April has sent US stocks lower on opening, with the 115,000 new jobs in the month below the modest expectations of forecasters. In the first five minut..
Aggressive discounting on electrical goods is being blamed for sending struggling retailer Harvey Norman's profits tumbling. The retailer on Thursday said its pre-tax profit for the first nine mont..
Australian stocks closed marginally lower on a day of low volumes as gains among finance-linked companies were offset by weakness in the energy sector. At 1615 AEST on Thursday, the benchmark S&..
The reserve bank's interest rate cut may have been music to the ears of the nations' retailers, but it could take a while before they start to reap the benefits. So says Peter Birtles, head of Supe..
Tabcorp has generated more revenue in the first three months of the calendar year, partly as a result of greater interest in fixed-odds betting and the animated racing game, Trackside. The wagering..
The corporate watchdog has put the nation's company boards on notice after the High Court ruled that former James Hardie directors misled investors about its asbestos compensation fund. The High Co..
The housing sector may be struggling but there is still a shortage of skilled labour in some parts of the building sector, a study has found. The Housing Industry Association (HIA) Trades Report, r..
Setting aside natural gas resources for the nation's own use would be counterproductive and could leave gas in the ground at a time when new supplies need to be developed, says oil and gas producer Sa..
The Commonwealth Bank of Australia (CBA) has cut its standard variable home loan rate by 40 basis points to 7.01 per cent. The decision on Thursday came two days after the Reserve Bank of Australia..
Westpac chief executive Gail Kelly says she is amazed by the attention variable mortgage rates attract, despite delaying a cut to the bank's rates to deliver a near $3 billion first half profit. We..
The Australian share market closed marginally stronger at a nine-month high after gains by miners were offset falls among the big four banks. The benchmark S&P/ASX200 index closed up 6.4 points..
Woodside Petroleum has told shareholders that plunging prices caused by a gas glut in the United States will not restrain its ambitious growth plans. Australia's top oil and gas player revealed at ..
News Corporation investors have shrugged off a UK parliamentary inquiry which found chairman and chief executive Rupert Murdoch was "not a fit person" to run a major international company. The repo..
Leighton Holdings has won a $604 million, three-year, contract for mining services at the Peak Downs Mine in central Queensland. Under the contract, awarded by BHP Billiton Mitsubishi Alliance (BMA..
Brambles is on track to meet its full year profit target after unveiling a 33 per cent rise in its latest sales results. The world's biggest pallet supplier on Tuesday said total sales from continu..
