Finance News - Page 31

Sydney's "catastrophic" hailstorm has forced one of Australia's largest insurers to draft in staff from across its global business to handle an influx of car insurance claims, days before Christmas. Sydney residents experienced severe thunderstorms where...

Private health insurance customers will be slugged with premium increases after the federal government announced an average hike of 3.25% for 2019. While the average cost of health insurance will go up, Federal Health Minister Greg...

Weakness across the banks and falls from Telstra and biotech giant CSL helped drag the share market lower last week. The benchmark S&P/ASX 200 index and the broader All Ordinaries index each dropped about 1.4% to close...

The Australian share market broke its recent losing streak and managed to end the week higher for the first time in a month, largely due to international factors. The benchmark S&P/ASX 200 index was up 0.26% to...

Coles Little Shop mini collectables are back from today. While many families have embraced the popular campaign, one economist warns how these types of incentivised shopping schemes can impact a person's spending behaviour. There are five...

The Australian share market was down last week, with some of the heavy losses coming from Coca-Cola Amatil and mining stocks. The benchmark S&P/ASX 200 index was down 0.85% to 5,667 points at the close last week, and...

Co-author: Ellie McLachlan Drifting along, inattention and putting profit before customer outcomes were some of the explanations the bosses of the big banks and regulators offered the royal commission when asked why misconduct was allowed to occur....

The Australian share market closed lower last week, as falls across the energy and mining sectors overpowered the big four banks' gains. Over the course of last week, the benchmark S&P/ASX 200 and the All Ordinaries...

The corporate regulator's reluctance to pursue the major banks, Commonwealth Bank's sale of dubious insurance policies and Westpac's opposition to a number of potential industry reforms were among the key issues heard during the banking royal commission's latest public...

The Australian share market closed lower last week with three of the big four banks, major miner BHP Billiton and Coles' owner Wesfarmers among the worst performers. The benchmark S&P/ASX 200 and the All Ordinaries shed more...

The four major banks' chief executives will give evidence during the banking royal commission's final round of public hearings, due to start on Monday. The final two-week round follows six other rounds of hearings and nearly...

At the eleventh hour, Federal Health Minister Greg Hunt has extended the My Health Record opt-out deadline to 31 January. Every Australian with a Medicare card initially had a four-month window to opt out - with...

The Australian share market edged higher last week, thanks to strength from the banking sector and as US elections' results remove some global market uncertainty. The benchmark S&P/ASX200 index rose 1.24% to 5,922 points and the broader All...

The federal opposition has floated the idea of introducing a standard benchmark on fees and charges for international money transfers to improve transparency and cut costs for consumers sending money to loved ones overseas. Opposition Leader...

Australian shares closed higher last week thanks to widespread market gains with BHP, CSL and the banks among the best performers. Source: Rob Bayer (Shutterstock) The share market was under pressure on Friday but it rebounded...

There is now one place to go in Australia for consumers and small businesses to submit complaints regarding financial disputes.

BHP Billiton, CSL and the major banks were among the heavyweight companies caught up in a widespread sell-off on the local share market last week amid global investor concerns linked to US-China trade tensions, Brexit and...

The ASX 200 finished modestly higher last week with BHP Billiton, National Australia Bank and Afterpay Touch among the heavyweights to hold the market back. The benchmark S&P/ASX 200 index rose 0.75% to 5,939 points and...

The number of homeowners with mortgages that dwarf their home values is expected to rise as house prices continue to fall in Australia's two biggest property markets, research group Roy Morgan has warned. Roy Morgan has...

The ASX 200 suffered its biggest weekly fall in three years last week, driven by heavy losses on the US share market. All sectors of the local share market closed lower last week with energy leading losses amid...