The Reserve Bank has slashed it's inflation forecasts for the next six months, but sees better economic conditions ahead. The bank pointed to a range of improving indicators from employment to vacancies, business surveys and trade data. Rates have be...
U.S manufacturing has grown at it's slowest pace in two years in the month of october. The Institute for Supply Management data reported a fourth consecutive month of declines in factory activity with manufacturing growth coming in at its slowest pac...
ANZ has made a record annual profit but earnings growth was weakened. Anz says its after tax profit for 2015 rose three percent to $7.5 billion despite higher write offs for bad debts. Cash earnings were $7.2 billon but profit growth was at a standst...
Shares in BlueScope Steel have surged after the company said a 200 million dollar cost cutting drive will allow it to keep its port Kembla Steel Works open. The company has also flagged an upgrade to its earnings outlook for the first half of the fin...
National Australia Bank is the third of the big four banks to raise the interest rate on its standard variable home loans. The interest rate on NAB's variable home loans will increase by 17 basis points to 5.6 per cent, from november 12. The commonwe...
NRL club Penrith has sacked coach Ivan Cleary, effective immediately. The Panthers terminated the final year of his contract after four years at the foot of the mountains. It's the second recent change to Penrith's coaching staff after losing assista...
The Reserve Bank says risks in housing and mortgage markets seem higher than average at the moment. Its financial stability review says regulators have found some borrowers don't have a big enough buffer against unexpected falls in income or increase...
Marc Marquez has taken out the Australian MOTO GP in what has been described as the race of the season. The Spainard overtook compatriot Jorge Lorenzo in a scintilating final lap to record his first win at Phillip island. Lorenzo claimed second while...
The Australian unemployment rate has held steady in september despite the loss of more than 5,000 jobs. The bureau of statistics figures show the jobless rate held at 6.2% last month,5,100 jobs were shed from the economy all of which were full time.E...
Reserve Bank deputy governor, Philip Lowe, says he agrees with the latest private research showing house prices are heading for a fall next year. A report from investment firm, Macquarie group, suggests Australian house prices are set for a seven-and...
Craig Lowndes and Steve Richards have held on to claim this year's bathurst 1000. The win was all that more incredible given they failed to make yesterday's top ten shoot out. Lowndes becomes the fifth driver to take the race six times. It is also hi...
The organisation for Economic Cooperation and Development has released its long-awaited plan for a tax clampdown on multinationals. The 15-point plan is designed to prevent companies like Google and Mcdonalds from exploiting differences in national t...
The local market has turned lower in early trade. After investors digested the news that the US federal reserve expects to raise official interest rates later this year. The all ordinaries index is off a third of a percent. The ASX 200 index is also...
The federal government has enjoyed a boost in the opinion polls for the first time in eighteen months. With Malcolm Turnbull preferred prime minister-after just one week in the top job. Deposed leader, Tony Abbott has accused the new treasurer, Scott...
The prime minister's leadership is again in the spotlight after six coalition ministers told the ABC they believe Tony Abbott will face another challenge before the end of the year. That's regardless of the result in this weekend's by-election in Can...
