Banks tipped to lift home loan rates and other top stories.

• Banks tipped to lift home loan rates

  

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• Money and power: China government's link to Panama Papers firm

  

  AFP on April 8, 2016, 4:11 pm Money and power: China government's link to Panama Papers firm Beijing (AFP) - Long before the Panama Papers leaks put law firm Mossack Fonseca on front pages around the world, the company was already well known among a certain class of Chinese investor -? and to the government.The tight-lipped firm says it has cooperated with authorities in Beijing and state-backed banks to help Chinese companies take their business international, according to informat..

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• Bankrupt's bid for Block Arcade revealed

  

  Bankrupt's bid for Block Arcade revealedBy Genevieve GannonAAPApril 8, 2016 4:40PMSavePrint Bankrupt's bid for Block Arcade revealedA bankrupt man who was living in a backpackers' hostel when he was arrested on fraud charges tried to buy Melbourne's historic Block Arcade.Graeme John Effrett, 48, sent realtor Colliers false documents stating he had two bank accounts containing $US110,000 ($A146,000) each so he could enter the tender process for the iconic site, the Victorian County Court has hea..

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• Budget surplus predicted to be under $10m with GST revenue cut, Tasmanian Government says

  

  Budget surplus predicted to be under $10m with GST revenue cut, Tasmanian Government says Updated April 08, 2016 16:03:36 A state budget surplus of less than $10 million is predicted next year after projected GST revenue was slashed, the Tasmanian Government says. Key points: Treasurer says buffer of unallocated previous GST will help deliver 2017 surplusHe rules out further budget savings to deliver small surplusLabor says risks makes his prediction of a surplus "laug..

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• Arrium woes spark row over protectionism

  

  The administrators in charge of Arrium say they will decide by mid-May if the collapsed steel manufacturer  should be broken up, shut down or continue operating, raising the chances the business could close during a national election campaign.Grant Thornton said Arrium can trade on a business-as-usual basis for up to two months while it conducts a full review, and a decision on what to do is likely to be put to creditors at a meeting "on or before May 13". An election is possible on July 2.The..

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• Banks slams call for royal commission

  

  Banks slams call for royal commissionBy Lilly VitorovichAAPApril 8, 2016 4:57PMSavePrint Banks slams call for royal commissionA royal commission into the financial industry will damage its strong reputation among international investors, the top banking body says.The Australian Bankers' Association has slammed federal Labor's pledge to hold a royal commission if elected, labelling it unnecessary and a waste of money."We don't understand what this royal commission is meant to achieve," ABA chief..

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