OMMBANK, NAB and ANZ may not join Westpac in raising mortgage interest rates “for a few weeks or months”, according to one analyst. The remainder of the Big Four were widely predicted to follow suit after… Read more at:…
The Reserve Bank of Australia has staked its claim on the unfolding debate over how Australia’s digital identity regime will be run, warning that multiple uncoordinated builds will be inefficient and leave security holes. Australia’s central bank on Thursday frankly…
Treasurer Scott Morrison has declared the federal government is a “jobs machine” with the unemployment rate hitting its lowest level in almost six years. But the… Read more at: https://www.sbs.com.au/news/policies-paying-off-in-jobs-data-govt
National Australia Bank is under investigation over more than 100 potential criminal breaches of the Corporations Act over allegations it tried to keep breaches of its responsibilities from the corporate regulator. The revelation at the banking royal commission came after…
Higher funding costs for Australian banks may be here to stay, UBS says. The rising cost of capital in the domestic banking market has already forced smaller lenders to raise mortgage rates to… Read more: https://www.businessinsider.com.au/australian-property-mortgage-interest-rates-big-four-banks-2018-7
THE Australian dollar has fallen below 74 US cents amid a rebound in the US dollar as trade tensions continue and investors focus on hopes of Federal Reserve rate rises. At 0635 AEST on Wednesday, the Australian dollar was worth…
TPG is the second major retail service provider to start breaking out “typical” evening peak speeds experienced by NBN fixed wireless users. The company said that its “basic” NBN12 fixed wireless plans could achieve 11.2Mbps while its… Read more at:…
Two Australian agencies have joined forces with counterparts from Canada, the Netherlands, the United Kingdom and US to fight international tax crime and money laundering. The group called the Joint Chiefs of Global Tax Enforcement, or J5, will… Read more…
The Australian sharemarket broke a four day losing streak, rallying from an opening loss to close higher on Thursday The S&P/ASX 200 index rose 19.5 points, or 0.3 per cent, to 6215.4, supported by a… Read more at: https://www.smh.com.au/money/super-and-retirement/nine-out-of-10-diy-super-funds-based-on-poor-financial-advice-20180628-p4zocw.html
Australia’s unemployment rate tumbled in May as workers left the labour market. According to the Australian Bureau of Statistics (ABS), employment rose by 12,000 in seasonally adjusted terms, missing forecasts for an… Read more at: https://www.businessinsider.com.au/australia-jobs-report-may-2018-6