Stocks drop as rate cut jitters return
With the benchmark finishing in the red for three of the past four sessions, the sharemarket dipped 1.6 per cent this week.
Breaking News
Brutal rift over major gas claims
A war of words has erupted between two Labor ministers with each other pointing the finger over a major shortfall facing Victoria.
ASX snaps two-day losing streak
After a sharp sell-off during Wednesday’s session, the sharemarket unwound some, but far from all, of its losses on Thursday.
Grim news for Aussies looking for a home
Australia’s chronic housing shortage showed no sign of abating through February, with just 12,520 new homes signed off for construction.
More Stories
ASX bounces back, new record for Zip, Afterpay
The ASX bounced back from Tuesday’s tumble, with buy now pay later stocks hitting record highs.
CEO pockets $2.5m while taking JobKeeper
Australians are furious at this company, which gave its CEO a $2.5 million bonus with one hand, while accepting JobKeeper with the other.
CommBank reveals half-yearly results
The country’s largest bank has revealed the pandemic has dented its financial performance in the past six months.
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.
Original URL: https://www.themercury.com.au/business/breaking-news/page/199