Optus to repay $7.8m after ‘error’
Thousands of Optus staff will be repaid more than $7.8m after the company’s “poor” payroll systems were exposed.
Breaking News
‘Inflation hurting’: RBA boss on rate call
The RBA has kept interest rates on hold, but won’t rule out further increases to the cash rate.
Fresh price hike for booze
Aussies are set to face price hikes in pubs, clubs and bottle shops across the country after a rise in alcohol taxes.
Huge prediction on interest rates
With attention turning from talk of rate hikes to cuts, there may be relief for household borrowers within months.
More Stories
Crippling blow to Crown’s $2.2bn casino
A probe into Crown has dealt a crushing blow to its $2.2bn Barangaroo project after damning allegations of bad corporate behaviour.
‘Rock bottom’: Savage blow to savers
The Commonwealth Bank has dealt savers another blow by cutting rates on deposit accounts at twice the level prescribed by the RBA.
Banks drag ASX lower, Macquarie bucks trend
The ASX was dragged lower by bank stocks but the group known as the ‘millionaire’s factory’ bucked the downward trend.
Bank offers lowest home loan rate ever
Australia’s home loans market has witnessed its lowest rate on record. But it’s not available to everyone, and there’s another catch.
Nick Scali caves to public pressure
Retailer Nick Scali has caved to public pressure and paid back millions in JobKeeper subsidies it pocketed while raking in record profits.
Bank’s push to end ‘hidden epidemic’
One of the country’s largest banks plans to stamp out what’s been described as a ‘hidden epidemic’ from its online platforms.
Aussies drained of billions of super
The country’s prudential regulator has revealed how much money has been sapped from retirement funds through the early release of super.
Major insurer reveals COVID impact
One of the country’s main insurers has detailed the effects of the coronavirus pandemic on its business in its half-yearly results.
Aussies’ $200m Christmas hangover
Latest figures from the Reserve Bank show an alarming rise in the level of credit card debt held by Australians over the Christmas period.
Mining stocks drive ASX higher
Mining stocks drove the Australian sharemarket higher, helped by a strong lead from Wall Street, while a telco takeover target soared.
Original URL: https://www.themercury.com.au/business/breaking-news/page/187