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‘Unbelievable valuations’: Future Fund’s Costello warns of tech sector correction

‘Unbelievable valuations’: Future Fund’s Costello warns of tech sector correction

Future Fund chairman Peter Costello has warned the surge in technology stocks cannot be sustained over the long-term and will ultimately suffer a correction.

  • by Clancy Yeates

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The financial world’s ‘most important number’ refuses to die

The financial world’s ‘most important number’ refuses to die

The benchmark interest rate used for trillions of dollars of financial transactions, is being phased out. It’s not going quietly.

  • by Stephen Bartholomeusz
RBA faces dilemma as economy recovers

RBA faces dilemma as economy recovers

The Reserve Bank faces a key decision on winding back some of its extraordinary stimulus policies this year, which could lead to a rise in fixed-rate mortgage costs.

  • by Clancy Yeates
CBA can disrupt itself, says new incubator chairman Ben Heap

CBA can disrupt itself, says new incubator chairman Ben Heap

The chairman of Commonwealth Bank’s technology incubator, Ben Heap, says the bank will be able to experiment with disrupting its own profitable businesses.

  • by Clancy Yeates
Corporate watchdog ASIC hit with cyber attack

Corporate watchdog ASIC hit with cyber attack

Hackers accessed a server which held credit applications and potentially confidential documents filed by financial institutions.

  • by Sarah Danckert
ACCC’s Sims warns on big bank fintech takeovers

ACCC’s Sims warns on big bank fintech takeovers

The competition regulator has warned big bank acquisitions of fintech challengers could stifle competition and deny consumers future benefits from innovation.

  • by Clancy Yeates
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Australia watches from the sidelines as others rush to join a new boom

Australia watches from the sidelines as others rush to join a new boom

The ASX is sticking to its principles as cash box listings boom in the US and other jurisdictions scramble to participate.

  • by Stephen Bartholomeusz
World Investments CEO casts doubt on $433m Xinja deal

World Investments CEO casts doubt on $433m Xinja deal

The Dubai-based investor has said no deal for $433 million was ever signed, raising questions over the details of the contract promoted by Xinja.

  • by Charlotte Grieve
Zip Co bullish on more US growth as shares surge

Zip Co bullish on more US growth as shares surge

As investors cheered rapid US growth, Zip Co co-founder Peter Gray said Americans were several years behind Australians in their awareness of buy now, pay later schemes.

  • by Clancy Yeates
Claims Xinja investors spooked after 'red flags' in cyber security audit

Claims Xinja investors spooked after 'red flags' in cyber security audit

A Las Vegas headquartered online security firm Says Xinja customers were at risk of a sophisticated cyber attack after he found critical flaws in the neobank's customer due diligence and security.

  • by Charlotte Grieve
First home buyers flood back into market on low rates, rising house prices

First home buyers flood back into market on low rates, rising house prices

Two of the country’s biggest mortgage brokers have experienced a surge in loan applications from first home buyers.

  • by Clancy Yeates and Jennifer Duke