Finance News

The Australian stock market set a new record last week, with strong trading by the major banks helping to smash the All Ordinaries Index’s pre-Global Financial Crisis high.  The All Ords reached 6862.4 on Wednesday, the...

New research shows that sticky-fingered thieves are stealing almost $2 billion a year from shops, with meat, baby formula and phones among the most commonly stolen items. The Australia and New Zealand Retail Crime Survey of...

Qualifying for a home loan may have just become easier, after each of the big four banks relaxed one of their financial tests for hopeful home buyers. ANZ, Commonwealth Bank (CBA), National Australia Bank (NAB) and...

The answer is: it will probably depend on what type of credit card you have. Interest rates on a range of bank products – including home loans, savings accounts and term deposits – have been dropping...

Australia's largest bank has reduced interest rates on its savings accounts. Commonwealth Bank will bring the base interest rate on its NetBank Saver Account down by 0.20 percentage points to just 0.15% from today. This means...

After a week that left the Australian share market in neutral trading territory, financial markets are expected to look to the Reserve Bank for indications on the next cash rate move. How did the ASX perform...

More than 630,000 Australians will score a pension boost this year, after changes to the way the age pension is calculated were announced on the weekend. But, a pensioner group said the cuts to deeming rates...

Australian savers “are now staring down the barrel at zero interest rates”, as two of the big four banks slash interest rates on savings accounts in the wake of the recent cash rate cuts. On July...

The Australian stock market was last week trading at its highest point since before the global financial crisis 12 years ago, as a wave of positive sentiment fueled by lower interest rates swept world equities markets....

UPDATE: The online portal millions of Australians will use this year to lodge their tax return has crashed, after the launch of a new system requiring income tax payers to log in to download a vital...

Were you a customer of ANZ Bank between 2008 and 2016? You might be eligible for a fee refund. Last year, the Financial Services Royal Commission heard that ANZ had to pay compensation to over two...

After a dramatic week in financial news, the Australian stock exchange is back in near-record territory, just shy of the record heights it hit in 2007. The big four banks felt the aftershocks of another cash...

ANZ has announced it will decrease all its variable rate home loans by 0.25 percentage points, following the central bank's decision to cut the official cash rate to the historic low of 1%. The Reserve Bank of...

Australia's central bank has cut the official cash rate for the second time this year, but some finance experts warn more could be done to boost the slowing economy. The Reserve Bank of Australia (RBA) board voted to...

Fintech company Afterpay endured a rollercoaster ride on the share market last week, while big guns Rio Tinto, Telstra, Commonwealth Bank and Westpac recovered ground.   The last trading week for the 2018/19 financial year saw...

A third bank is offering home loan interest rates just below 3%, with more lenders expected to follow as the nation's central bank embarks on a rate cutting cycle. Bank of Queensland has matched the lowest...

Telstra suffered a billion-dollar value drop, but a week of strong trading elsewhere saw the Australian share market coming close to smashing boom-time records. The All Ordinaries Index finished at 6,734 points (up 1.53%) and the...

The forecast for Libra, Facebook’s new currency, is that it's destined to either change the world of finance or destroy it. Social media has exploded with the news that social media giant Facebook plans to launch...

The Australian share market closed at an 11-year high last week, with the major miners, the telco giants and biotech heavyweight CSL leading market-wide gains. The benchmark S&P/ASX 200 and the broader All Ordinaries both closed 1.7%...

It’s that time of year when sweatpants and thick socks are essential and a hot cuppa becomes our best friend. While taking advantage of the excuse to remain cozy indoors, it could be a good opportunity to...