US stocks have risen after the Federal Reserve kept its benchmark interest rate at near-zero per cent and gave no fresh clues on the timing of a long-awaited rate hike.
AMP Bank has stopped lending to investors as mortgage brokers warn interest rate hikes for landlords could lock out first-time buyers, but lead to further discounts for owner occupiers.
Banking giant ANZ will pay an extra $500 a year to women employees with low superannuation balances in an effort to close the gender gap in retirement savings.
The big miners have led the way as the Australian share market recovered from early jitters to end a run of three straight losses and close the day higher.
The National Australia Bank has joined the Commonwealth Bank and ANZ Bank in raising the interest rates it charges property investors, following measures announced by the banking regulator.
Perth financial services provider Pioneer Credit has today reported its 2014-15 earnings are expected to exceed its $6.6 million forecast, and post an operating profit of $7.7 million.
The Commonwealth Bank has become the second major lender to lift the interest rates it charges property investors following an intervention by the banking regulator.
Local minerals explorer IMX Resources has announced plans to delist from the Toronto Stock Exchange due to a lack of demand for its shares in the Canadian market.
Shares of Apple tumbled 4.3 per cent and Microsoft fell 3.7 per cent as disappointing earnings from the two technology titans weighed on the broader market.
