The Australian dollar is lower against the greenback as traders look ahead to the release of minutes from the Reserve Bank of Australia's July meeting.
Australia's biggest banks will need to hold billions of dollars in extra capital against their home loans, following a move by the banking regulator to strengthen the country's financial system.
The corporate watchdog has permanently banned local brokers Eric-John Pryor and Peter McDonald from providing credit and financial services after being found to have engaged in misconduct when brokering car financing for a business in Victoria Park.
The Australian dollar is lower against the greenback which has lifted after Greece revamped its government in an attempt to enforce conditions attached to a third debt bailout.
The Australian share market has closed higher, with a collective sigh of relief from investors after the Greek parliament approved that nation's bail-out conditions.
US stocks have finished modestly lower, snapping a four-day winning streak after violent protests outside the Greek parliament revived anxiety about the eurozone.
Wall Street stocks have risen, with the Nasdaq leading the way following reports of a possible $US23 billion acquisition of chipmaker Micron and big gains by Google and others.
Euroz has announced its second expansion move in the funds management sector in the space of a week, with the launch of a partnership with Melbourne-based Flinders Investment Partners.
US stocks have powered higher, joining a global equity rally after Greece reached a tentative new bailout deal that would avoid the country dropping out of the eurozone.
The Australian dollar is lower after the greenback strengthened following an agreement in Europe for a new debt bailout deal between Greece and its creditors.
Euroz has halved its dividend after recording a $7.1 million net loss for the 2015 financial year, on the back of poor performance in its investment arm and modest profits in its stockbroking division.
There is no prize for guessing that iron ore companies have plunged to the bottom of the resources component of this year’s TSR survey; but what is interesting is the rise of uranium hopefuls, despite few signs of an imminent increase in the uranium price.
Qantas, the biggest ASX-listed company to make the top 100 using total shareholder returns as the yardstick, was also the biggest surprise, with the airline delivering an eye-catching one-year return for investors of 151 per cent.
It has been a tough year for WA’s once-vaunted resources stocks, as our annual TSR survey reveals. Click through to see more on our Shareholder Returns feature.
The Aussie dollar is likely to fall to around US70 cents by the end of the year in response to higher US interest rates and sliding commodity prices, UBS predicts.
