Business
Banking & finance
‘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
Latest
Opinion
Interest rates
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
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
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
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
The competition regulator has warned big bank acquisitions of fintech challengers could stifle competition and deny consumers future benefits from innovation.
- by Clancy Yeates
Opinion
Sharemarket
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
Exclusive
Business investment
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
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
Exclusive
Cyber security
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
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