Australian Financial News
  • Real Estate

    Mortgage lending fell as COVID-19 loomed

    The value of new home loans fell by a worse-than-expected 1.7 per cent in February even before the most serious coronavirus lockdown measures were in place. Economists had tipped the total value of housing loans [...]
  • News

    Parliament meets to pass $130b wage scheme

    Wage subsidies designed to save six million jobs will be approved by federal parliament as a reduced number of politicians meet in Canberra. Prime Minister Scott Morrison said the $130 billion JobKeeper scheme was the [...]
  • News

    NSW COVID-19 restrictions could be relaxed

    The NSW premier has flagged a potential relaxation of tough social distancing restrictions as new COVID-19 infections continue to stabilise. The state has recorded 48 new COVID-19 cases as of Wednesday, taking the state’s total [...]
  • News

    S&P downgrades Australia to negative

    S&P Global Ratings has downgraded its outlook on Australia from stable to negatative as a result of the government’s stimulus measures. The agency also reaffirmed its AAA/A-1+ long and short-term local and foreign currency ratings. [...]
  • News

    APRA suspends the issuing of new licences

    Australia’s financial services regulator will temporarily suspend the issuing of new banking, insurance and superannuation licences amid uncertainty created by the coronavirus pandemic.  The Australian Prudential Regulation Authority has issued a letter to applicants saying [...]

Featured News

News

S&P downgrades Australia to negative

S&P Global Ratings has downgraded its outlook on Australia from stable to negatative as a result of the government’s stimulus measures. The agency also reaffirmed its AAA/A-1+ long and short-term local and foreign currency ratings. [...]
News

APRA suspends the issuing of new licences

Australia’s financial services regulator will temporarily suspend the issuing of new banking, insurance and superannuation licences amid uncertainty created by the coronavirus pandemic.  The Australian Prudential Regulation Authority has issued a letter to applicants saying [...]