NAB raises its variable mortgage rates
After holding out for several months, NAB has finally joined its big four rivals in hiking variable mortgage rates.
The seasonally adjusted unemployment rate for December edged lower to 5.0 per cent, but the number of people in full-time work has fallen, the ABS says.
Santos’ acquisition of Quadrant assets could see its 2019 gas production rise by up to 32 per cent.
Coles will make a $146 million pre-tax provision in its first-half results as modernises distribution - cutting costs and jobs - with two new automated centres.
Retail spending in Australia appears to have been “fairly weak” over Christmas after thrifty locals hit by weak wage growth exploited Black Friday sales.
BHP Group’s second-quarter iron ore production fell nine per cent, hurt by the forced train derailment that disrupted supply.
Sydney’s housing market has been in steady decline, but auction clearance rates across other major Australian cities have fallen even further.
Lending to owner-occupiers dropped by 1.4 per cent in November, while commercial and personal loans also decreased, according to fresh data from the ABS.
Investors have rallied around Aussie tech giant Atlassian after the software provider eclipsed $US1 billion in calendar year revenue for the first time.
Afterpay is booming, but the company has also defended its risk to consumers ahead of an appearance at a Senate inquiry into buy-now-pay-later companies.
Rio Tinto has shipped 338.2 million tonnes of iron ore from its Pilbara operations, in line with its full-year guidance, up two per cent on the previous year.
Home loan approvals fell by 0.9 per cent in November, and economists say the weakness in the housing market is likely to be felt for some time to come.
Mining mogul Gina Rinehart retains her spot as Australia’s richest person despite Forbes’ reporting her net worth has fallen $US1.8 billion to $US14.8 billion.
AGL has suspended sales of coal ash from its Bayswater and Liddell power stations, while a downgrade from JP Morgan has also seen its share price dip.
HOLIDAY-MAKERS in Echuca-Moama have been left with a bad taste in their mouth as gastro continues to sweep through caravan and holiday parks along the Murray River.
A search has resumed for former Shepparton mother Felicity Shadbolt, who went missing while bushwalking in Western Australia’s Pilbara region.
The principal of Shepparton’s new ‘‘super school’’ has been appointed.