Investors cheered as legislation suspending the US debt limit and cutting federal spending moved from the House to the Senate. ... Continue Reading
The Australian Prudential Regulation Authority says its serviceability buffer is not 'unduly impeding' people's ability to refinance their home loans after a sharp rise in interest rates.... Continue Reading
Australia is arguably obsessed with property, seemingly more than most other countries. What drives this obsession and is it rational?... Continue Reading
Disappointing manufacturing data from China sent Asian shares lower, while US investors worried about the looming possibility of a federal default.... Continue Reading
Australian shares are pointing to a weaker open on Wednesday following a mixed lead from US equities.... Continue Reading
Australian shares are set to open lower on Tuesday with few offshore leads, with markets closed in the US, UK and public holidays in several European countries.... Continue Reading
Former RBA governor Ian Macfarlane says current serviceability buffer rules are making it difficult to refinance, warning the government may need to step in if things get 'really nasty'.... Continue Reading
While the clock keeps ticking for US leaders to resolve the debt ceiling crisis, shares of chip manufacturer Nvidia soar.... Continue Reading