Finance News - Page 31

Westpac has announced hikes and cuts to some of its fixed rate home loans for new and existing customers, effective from today. The major bank's packaged home loans for owner occupiers paying principal and interest have...

The big four banks led the local share market higher last week, after a milder-than-expected banking royal commission final report was released. The benchmark S&P/ASX 200 finished the week 3.57% higher at 6,072 points, while the...

Debate over the benefits and risks of My Health Record is raging on social media as the deadline to opt out looms. Some Australians have security concerns, while others argue the national digital system could reduce medical errors and...

Would you be prepared to pay a slightly higher price for a Coles roast chook and salad plus $5 to have Uber Eats deliver the meal to your front door? Starting today, customers of Coles Pagewood...

Strength from retail stocks, including Woolworths and Coles, helped offset weakness from the banking sector to lead the local share market higher last week. The benchmark S&P/ASX 200 rose 0.45% to 5,906 points, while the broader...

Multi-millionaire Justin Hemmes' pub and restaurant empire Merivale has had its outdated workplace agreement terminated by the Fair Work Commission, after the United Voice union alleged it was underpaying staff well below the current hospitality industry award....

The banking royal commission's final report is due to land on the Governor-General's desk at any moment and its recommendations are expected to shake up the financial sector. So, what is likely to come out of the report and...

AMP Bank has made interest rate cuts as deep as 0.20 percentage points to a number of its investment property loans in a bid to attract new borrowers. In August last year, AMP reduced a number...

Gains in popular 'buy now, pay later' business Afterpay Touch helped drive the technology sector higher last week. The benchmark S&P/ASX 200 was up 1.83% to 5,880 points at the close last week, and the broader...

ANZ's Apple Pay customers are now able to use their digital wallets to withdraw cash from a range of retailers in an Australian first, the nation's fourth largest bank says. BP fuel stations, Bunnings, McDonald's, IGA supermarkets,...

Three of the big four banks and investment bank Macquarie helped drive the Australian share market higher last week. The local share market closed higher for four straight sessions last week, with the benchmark S&P/ASX 200...

Virgin Money will increase interest rates by 0.20 percentage points across some of its variable rate home loan products from today. Virgin Money said funding cost pressures were behind its decision to lift variable interest rates...

Australians' superannuation savings could be $3.8 billion better off each year if the twin evils of multiple super accounts and underperforming funds were addressed, the Productivity Commission says. The commission’s final report into the nation’s $2.7...

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....