Last Top Stories: Stress increases for riskier mortgages: Fitch

Stress increases for riskier mortgages: Fitch

Mortgage arrears at lows: FitchCourier Mail >> view original

South Australian budget: return to surplus forecast for 2015-16

The South Australian government has forecast a return to surplus next financial year amid “devastating change” in the economy which has placed downward pressure on employment. The state budget forecasts the books will be back in black by a modest ... >> view original

Aerial gridlock: Corporate jets demand same spot in queue as airlines

International airlines fear plans to allow corporate jets to join them in the pecking order for landings at Australia's busiest airports in Sydney and Melbourne will force more of their large aircraft to be diverted to other airports when the skies are in a state of ... >> view original

Why our pay packets feel lighter

Slower real wage growth has become a feature of the global economy. And, according to the June quarterly bulletin released by the Reserve Bank of Australia on Thursday, Australians should get used to it. Greater labour market flexibility may be allowing ... >> view original

Supermarkets brace for new rival

Supermarket shopping could soon become a lot cheaper as local giants Coles and Woolies brace for the possible arrival of German discount Lidl. While Lidl is yet to confirm its foray into Australia, reports have suggested it is conducting preliminary work on ... >> view original

PM blames ALP, Greens for Forestry Tas woe

Previous 'Labor-Green' governments at state and federal level are to blame for the financial mess facing state-owned business Forestry Tasmania, Prime Minister Tony Abbott says. In federal parliament on Thursday, MP Andrew Wilkie asked Mr Abbott why ... >> view original

Banks earn $12 billion in fees

Banks reaped $12 billion in fees in 2014, with credit cards providing the strongest source of growth. Fees earned by the banks were up 2.8 per cent from the previous year, but the Reserve Bank says that is not because the fees are higher. Instead, the growing ... >> view original

BBY client trust fund shortfall rises to $16 million, auditor KPMG says

The auditor of collapsed broking firm BBY has dramatically upped its estimate of the amount of money missing from client accounts. KPMG now says there now may be a shortfall of $16 million from client trust accounts, instead of the $10 million it previously ... >> view original

NZ growth at two-year low signals rate cut coming

Growth slowed as a summer drought hit agricultural output and falling global dairy prices damped farm incomes. Bloomberg. by Tracy Withers. New Zealand's economy grew the least in two years in the first quarter, strengthening the case for central bank ... >> view original

Australian Shares Fall, Weighed by Banks and Mining Companies

Stocks in Australia fell Thursday, led by banks and iron-ore mining companies, while most Asia bonds rose reflecting a rally in U.S. Treasury prices after the Federal Reserve signaled that interest rates could increase more slowly. The S&P/ASX 200 was ... >> view original