CEOs warn: bashing banks a growth riskThe nation’s banking system could become unstable and struggle to fund economic growth if the banks lost control of their power to se
Downer's full-year profit has dropped 14 per cent due to a slowdown in its main mining and construction divisions and write-offs related to an unsuccessful metro rail bid.
The Australian share market has opened strongly, with energy firms and global miners BHP Billiton and Rio Tinto leading the benchmark index back above the 5,500 mark.
Global equity prices have slipped for a third straight day due to growing nervousness about US central bank policy, even as Wall Street eked out a modest gain.
The price of gold has retreated from the three-week high set in the previous session, after a rise in the US dollar on the back of strong economic data.
The Australian dollar has held ground just above its Wednesday close but remains in a tight range against the greenback ahead of the release of local retail trade.
Oil prices have jumped more than three per cent, with US crude futures returning to above $US40 a barrel, after a larger-than-expected petrol draw offset a surprise build in crude stockpiles in the No 1 oil consumer.
Banks reject Turnbull demandThe big banks have rejected as unaffordable Turnbull government demands that they pass on Tuesday’s interest rate cut in full but have agreed t
Weak US economic data and disappointing auto sales numbers drove Wall Street down, further dragging on global equity prices after the approval of a fiscal stimulus package by Japan's cabinet failed to cheer markets.
Gold has risen to a four-week high as European and US shares fell and the US dollar hit its lowest in more than a month after last week's soft US growth data dented expectations for a near-term interest rate rise.
The price of US oil has fallen below $US40 a barrel for the first time since April as persistent worries of both a crude and refined fuel glut and a slide in US equities offset an early boost from a weak US dollar.
Profits ‘not from rate rigging’Westpac Banking Corp has claimed a senior trader’s ‘‘$12 million buck’’ boast about a profit had nothing to do with manipul
The Australian share market has closed lower amid concerns over the big banks' net interest margins, following the Commonwealth Bank's decision to lift deposit rates and not pass on in full the Reserve Bank of Australia's interest rate cut.
US crude has tumbled below $US40 per barrel for the first time since April, as oil prices settled down more than three per cent on heightened worries of a crude glut despite peak northern summer fuel demand.
Gold is little changed, hovering just below the prior session's near three-week top as investors cut expectations for a US interest rate rise in the near term.
Treasurer gives nod to rate cutTreasurer Scott Morrison has effectively endorsed another Reserve Bank of Australia interest rate cut today to help the nation shake off wea
The Australian share market has closed at its highest point in a year despite running out of steam in late trading, partly driven by expectations of an interest rate cut on Tuesday.
Dominic Stevens has taken over as managing director and chief executive of the Australian Securities Exchange, following the resignation of Elmer Funke Kupper earlier this year.
Oil prices have steadied after touching three-month lows during a week-long selloff fuelled by a persistent global supply glut, bringing the monthly decline to nearly 15 per cent, the biggest monthly loss in a year for US crude.
Gold has risen to its highest level in nearly three weeks after much slower-than-expected US economic growth weighed on the US dollar, and was on track for a second monthly gain in a row.
Weak US pressures RBA to cutA faltering economic recovery in the US is set to place further pressure on the Reserve Bank to cut interest rates when it mee
The Australian share market has edged higher in choppy trading for its fifth straight session of gains despite the Bank of Japan's fresh economic stimulus measures disappointing some investors.
