Australian Financial News
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    Watchdog writes to banks on risky loans

    Australia’s banking watchdog has written to the nation’s banks, warning there are signs of some increased risk-taking as home buyers rush to secure loans in a heated housing market. However, the Council of Financial Regulators believes [...]
  • News

    I don’t want Cold War with China: Morrison

    Scott Morrison has insisted Australia has no desire for war with China after meeting with world leaders who vowed to stand up to the rising superpower. The prime minister moved to allay fears of conflict [...]
  • News

    Jobless rate drops to 5.1% in May

    Australia’s unemployment rate unexpectedly dropped to 5.1 per cent in May, returning to its pre-pandemic level as a much larger than expected 115,200 people joined the workforce in the month. Economists had expected the jobless [...]
  • News

    Three cases, transmission at Sydney cafe

    A coronavirus outbreak in Sydney’s eastern suburbs has grown to three, after a woman in her 70s was exposed to COVID-19 at a cafe. NSW is once again on high alert after two new locally-transmitted [...]
  • News

    China launches first crew to space station

    China has launched the first three astronauts to its new space station in its first crewed mission in five years. The astronauts are travelling in the Shenzhou-12 spaceship launched by a Long March-2F Y12 rocket [...]

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Watchdog writes to banks on risky loans

News
Australia’s banking watchdog has written to the nation’s banks, warning there are signs of some increased risk-taking as home buyers rush to secure loans in a heated housing market. However, the Council of Financial Regulators believes [...]
News

Jobless rate drops to 5.1% in May

Australia’s unemployment rate unexpectedly dropped to 5.1 per cent in May, returning to its pre-pandemic level as a much larger than expected 115,200 people joined the workforce in the month. Economists had expected the jobless [...]