Finance News - Page 49

In this present whirlwind of economic news, how is the average Australian faring? Financial news headlines shout that inflation is low, wage growth has been virtually stagnant and many savings accounts are bringing in considerably less...

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....