Bank’s big backflip on rates
An Australian bank has backflipped, hiking rates less than two weeks after offering the lowest fixed mortgages in the country.
Breaking News
Major bank double downs on 2024 rate cut
Commonwealth Bank predicts homeowners will get an early Christmas present, with a rate cut coming in December.
Telstra under fire over China ‘sabotage’ fears
Telstra’s board has been grilled on shareholder fears Australia’s mobile network could be sabotaged and price hikes in a cost of living crisis in its AGM.
‘Fiddling’: Surcharge crackdown lashed
A crackdown on card surcharges has been criticised as “fiddling around the edges while Rome burns”.
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Tech tsar gives up US extradition fight
A Russian tech tycoon has surrendered after almost three years of fighting his extradition to the US from behind bars in Australia.
ASX snaps five-day losing streak
The ASX bounced back after suffering its worst weekly decline in almost seven months, with battery materials miners leading the charge.
Christmas deadline warning comes early
Aussie shoppers are warned to get in early this Christmas as the pandemic continues to impact on this one integral issue.
Corporate titans feel social pressure
Mass protests against a mining giant show being a ‘bad corporate citizen’ is no longer going to cut it. Major companies are now scrambling to look better.
ASX losing streak worst in 18 months
The ASX was in the green until NSW’s lockdown was extended, but the damage from a 15 per cent iron ore price plunge could have been worse.
Sex abuse rife at major mines
Shocking claims of sexual assault and harassment at mine sites have been revealed by BHP and Rio Tinto.
Bedlinen giant Adairs rakes in cash
Aussies still largely stuck at home keep sprucing up their nests, delivering bedlinen giant Adairs a record full-year profit.
Crown’s lavish high-roller lures revealed
Luring high rollers to Crown was expensive and often didn’t pay off – even before that side of the business caused huge damage.
ASX on four-day losing streak
The Australian sharemarket is having a shocking week, with sinking iron ore prices dragging down big miners like BHP.
Blow to Packer in casino clean-up
James Packer will need the approval of a new casino regulator to keep his big stake in Crown, which could be a big ask.
Original URL: https://www.thechronicle.com.au/business/breaking-news/page/161