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Don’t blame banks for low spending, says CBA boss

Commonwealth Bank boss Ian Narev has defended not passing on rate cuts following an AGM where a protester scuffled with security.

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Aussie stock market closes slightly higher in light trade

The Australian share market closed slightly higher on a day of quiet trading due to superstorm Sandy closing US markets.

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Insurer nib says it’s on track to meet annual profit guidance

nib is set to lift underwriting profits in 2012/13 and is confident that changes to private health insurance rebates will not take a major toll.

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RBA recommends tighter rules for derivatives trading

The Reserve Bank of Australia and the Australian Prudential Regulation Authority have released a review of the over-the-counter derivatives market.

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Crown pushes for Perth to become a gambling gateway

Casino operator Crown wants to make Perth a major gateway for Chinese middle class gamblers after casinos boosted Singapore's economic growth

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BHP flags a 50% rise in coal capacity

The world's biggest miner, BHP Billiton, believes it can lift coking coal production capacity by 50 per cent to 66 million tonnes a year by the end of 2014.

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