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
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
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
As President Biden and congress make progress in their negotiations to avoid a federal default, investors adopted a more optimistic tone.... Continue Reading
US indices edged higher Monday despite anxiety over the federal debt limit and the risk of default.... Continue Reading
The mood was downcast on Tuesday as the US government struggled to resolve the debt ceiling crisis. Investors also awaited key inflation data.... Continue Reading