Category: Finance

Graincorp quadruples profit

Graincorp quadruples profit

Graincorp profit has surged on the back of a large grain harvest and solid export volumes. The business increased its net profit after tax...

RBA uncertain about wages growth

RBA uncertain about wages growth

The Reserve Bank of Australia feels that the return to wages growth is uncertain. The minutes of its last board meeting on Cup Day, when it...

APRA hints at lending crackdown

APRA hints at lending crackdown

The prudential regulator has warned banks to stop approving extreme high loan-to-income mortgages. The alternative is that the regulator...

Yellen steps down

Yellen steps down

Federal Reserve chair Janet Yellen has announced she is stepping down from the central bank’s board of governors once her successor is...

Turnbull flags tax cuts

Turnbull flags tax cuts

The Prime Minister Malcolm Turnbull has foreshadowed the prospect of tax cuts in the next Federal budget in May next year. These would come...

RBA watching loans for apartment building

RBA watching loans for apartment building

The Reserve Bank of Australia is keeping a sharp eye on apartment loans. Speaking to an Australia-China property conference, the RBA’s...

Hammond flags Britain will pay a bigger Brexit divorce bill

Hammond flags Britain will pay a bigger Brexit divorce bill

Chancellor of the Exchequer Philip Hammond has signalled that the UK is prepared to increase it Brexit “divorce bill” offer to...

Odds increase for banking Royal Commission

Odds increase for banking Royal Commission

The fallout over the government’s numbers in parliament and the same sex marriage debate causing friction in the Coalition has upped the...

US Treasury secretary Mnuchin expects GOP tax cut on Trump’s desk by Christmas

US Treasury secretary Mnuchin expects GOP tax cut on Trump’s desk by Christmas

US Treasury secretary Steven Mnuchin says he expects the Republic tax reform bill will be sent to President Trump for him to sign by...

NAB sacks 20 bankers over suspect loans

NAB sacks 20 bankers over suspect loans

The National Australia Bank has sacked 20 bankers in New South Wales and Victoria and disciplined another 32, docking their pay, over...