The Reserve Bank of Australia is introducing industry-wide reporting standards for mortgage-backed securities to boost investor confidence in the market.
Australian stocks have opened weaker, as a disappointing finish on Wall Street over the weekend prompted widespread selling at the start of the local trading week.
US markets sank on Friday, with the Nasdaq pulled down more than two per cent by a tech stock rout led by Apple and Microsoft as a raft of disappointing earnings and trimmed forecasts spooked inves
National Australia Bank has raised its provisions to deal with the impact of an economic downturn by $250 million, a move that will negatively impact its full year earnings.
Google's shares have plunged after a surprise drop in earnings in a prematurely released quarterly report, but while the Nasdaq sank the Dow avoided being pulled down as well.
Luke Saraceni’s Westgem Investments has been placed into liquidation, following a heated creditors meeting in Perth this morning in which leading insolvency experts argued over who should be appoin
Bank of Queensland's new management is confident an overhaul of its lending practices will prevent a repeat of its $17 million full year loss - the first posted by a local bank in two decades.
US stocks have fought off early selling pressure linked to disappointing quarterly results from IBM and Intel to close broadly higher, extending two days of solid gains.
Rupert Murdoch has survived a second shareholder push to oust him as News Corp's chairman, with the media mogul painting a rosy picture of the company's recent achievements and future under his gui
The Australian share market has climbed to its highest closing level since July 2011 as investors took heart from stronger US markets and fresh hopes that debt-ridden Spain will ask for some
US markets registered their best gains so far this month on good earnings reports from Mattel, Coca-Cola and Johnson & Johnson, as Citigroup rose 1.6 per cent after the shock resignation of its
The Australian share market has closed slightly higher after easing back from an earlier peak, with investors encouraged by a positive lead from United States markets and prospects of another cut t
Businesses are taking advantage of lower interest rate cuts and seeking out fresh credit, particularly in the asset finance sector where inquiries reached the best level since the global financial
US stocks have scored solid gains as investors digest upbeat retail sales data and better-than-expected earnings from Citigroup that helped lift financial stocks.
The Australian dollar is half a cent lower, failing to hold on to the weekend gains that came after the announcement of a surge in Chinese exports, which rose 9.9 per cent in 12 months to September
The Australian share market has closed flat, with gains in traditionally defensive sectors offset by weakness among resources-linked stocks amid quiet trading conditions.
