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News
The latest money news from NEWS.com.au

Saturday now cheapest for petrol - NRMA AAP - 30/07/2010
SATURDAY is now the cheapest day to buy petrol but it's unlikely to stay that way for long, says the NRMA.

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Property prices post largest fall since 2008 By Chelsea Mes, Money Editor - 30/07/2010
AVERAGE house prices fall for first time in 17 months as rate hikes and affordability start to bite.

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ATO's green light to hunt eBay tax cheats By Karina Barrymore - 30/07/2010
THE Tax Office will hunt through eBay and Trading Post in a massive search for online tax cheats.

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Cheaper suburbs push house prices up By Maurice Dunlevy - 29/07/2010
LESS affluent suburbs performed better in the past three months than the luxury market, data shows.

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Rate fears ease, but living costs squeeze By Chelsea Mes - 28/07/2010
AUSTRALIANS might be safe from a rate hike for now, but cost-of-living pressures continue to rise.

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Mortgage applications on the rise AAP - 28/07/2010
MORTGAGE applications rose in the June quarter, but credit card applications fell, credit agency says.

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Branson returns to play cards again By Jenny Dillon - 28/07/2010
VIRGIN Money returns to Australia, two years after pulling plug on 800,000 credit card customers.

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Eating out is back on the menu AAP - 27/07/2010
AUSTRALIANS are eating out more than they did last year but they're opting for healthier tucker.

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Rates to rise faster, higher than expected Karina Barrymore - 27/07/2010
BORROWERS could be facing an interest rates double whammy as banks shore up profit margins.

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'Useless' reward schemes dupe spenders By Karen Collier - 27/07/2010
SOME credit card fees are higher than reward offers, sucking in the gullible, experts warn.

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The latest money investing news from NEWS.com.au

$45 garage sale purchase 'worth $200m' By staff writers and wires - 28/07/2010
A MAN realises every antique hunters' dream as he hits the jackpot with priceless negatives.  

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Top stocks to watch this reporting season By Katherine Jimenez - 21/07/2010
IF you are looking to take a flutter on the market ahead of the upcoming reporting season, then look no further than these stocks.

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Banks face pressure over cost of lending BY Scott Murdoch - 13/07/2010
AUSTRALIA'S biggest banks could be forced to raise interest rates independently of the Reserve Bank to cover higher funding costs.

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Sour outlook for soaring house prices By David Uren - 13/07/2010
INVESTORS are the main source of growth in the market as demand from owner-occupiers slows down.

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Housing plan to build more liveable future By Simon Benson - 13/07/2010
NEW building code for industry set to improve standards for families, the elderly and disabled.

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Cash beats shares in race for returns By Anthony Keane - 12/07/2010
CASH deposits have provided greater returns than the share market for the past three years.

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Fearful investors hoarding trillions By Scott Murdoch - 10/07/2010
GLOBAL sharemarkets may have ended the week with a bounce but investors the globe over are still hoarding hard currency.

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Aussie workers win $40,000 super boost By Steve Lewis - 06/07/2010
MILLIONS will get an extra $40,000 in savings as part of a superannuation revolution.

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Deposit your dollars for higher returns By Alex Tilbury - 06/07/2010
STASHING your spare money under a mattress is no longer the best way for investors seeking a good return.

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Council protest puts squeeze on housing By Vikki Campion - 05/07/2010
HOUSING grinds to a halt across NSW as more than a dozen councils refuse new developments.

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The latest business market news from NEWS.com.au

Dollar ends week on a high AAP - 30/07/2010
THE dollar closed higher on today ahead of expected weak economic data from the United States.

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Shares close lower on broad falls AAP - 30/07/2010
THE sharemarket has suffered broad-based falls, as investors offload risk ahead of the weekend.

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Brothers in $612m insider trading case By Terry Wallace in Dallas - 30/07/2010
BILLIONAIRE brothers made $612 million during 13-years of insider trading, US authorities say.

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Dull company reports drag market down AAP - 30/07/2010
THE share market made further losses by noon today, following disappointing company reports.

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Status quo for dollar at lunch AAP - 30/07/2010
THE dollar was flat at noon as the currency traded in a narrow range as investors re-position their books for end-of-month trading.

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US confusion unnerves share market AAP - 30/07/2010
THE share market opened lower today, after conflicting economic signals in the US provoked falls on Wall Street overnight.

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AWB, GrainCorp to merge in $2bn deal AAP - 30/07/2010
GRAINCORP and AWB have said that the two companies will merge to create one of Australia's largest diversified agribusinesses.

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Goldman tells staff to cut the crap From correspondents in New York - 30/07/2010
STAFF told to refrain from salty language, after emails revealed the liberal use of profanity to describe their own products.

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Dollar up ahead of month-end fixing AAP - 30/07/2010
THE dollar has opened higher today as investors buy the currency ahead of a month-end readjustment of portfolios.

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US stocks erase early gains From correspondents in New York - 30/07/2010
US stock markets ebbed today, reversing early gains garnered from news of an unexpected fall in jobless claims and solid company earnings.

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The latest money banking news from NEWS.com.au

Branson returns to play cards again By Jenny Dillon - 28/07/2010
VIRGIN Money returns to Australia, two years after pulling plug on 800,000 credit card customers.

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'Useless' reward schemes dupe spenders By Karen Collier - 27/07/2010
SOME credit card fees are higher than reward offers, sucking in the gullible, experts warn.

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Seven banks fail EU banking stress tests AFP - 24/07/2010
PRESSURE on governments to announce how they will shore up banks that failed the tests but raising funds will be difficult.

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Banks at war over super profit claims Richard Gluyas - 23/07/2010
COMMONWEALTH Bank chief criticises National Australia Bank for accusing it of making "super profits" in mortgage lending.

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Banker's $9m - for being the second best By John Rolfe - 22/07/2010
BIG reward for missing target as Aussies reveal they'd support a super-profits tax on the banks.

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Australians want a tax on bank profits Malcolm Farr - 22/07/2010
A TWO-to-one majority of Australian voters want the super profits tax extended to big banks.

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Workers offered big bucks in Eftpos scam By Mark Buttler - 15/07/2010
STAFF who control Eftpos machines are being lured by crime gangs to rip off unsuspecting customers.  

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Hand over class action info, banks told By Alison Bell - 14/07/2010
FOUR banks face legal action for not providing vital information in a $7bn lawsuit over penalty fees.

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Banks' fraud warning 'six weeks late' AAP - 13/07/2010
COMPLAINTS banks too slow to warn customers of class action scams asking them to transfer money to India.

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Banks face pressure over cost of lending BY Scott Murdoch - 13/07/2010
AUSTRALIA'S biggest banks could be forced to raise interest rates independently of the Reserve Bank to cover higher funding costs.

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The latest money superannuation news from NEWS.com.au

Follow the cash trail to find more super By Karina Barrymore - 19/07/2010
PAYING extra attention to your super statement this year could put some cash back in your pocket.

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Cooper slams superannuation critics By Karina Barrymore - 08/07/2010
SUPERANNUATION review chairman dismisses industry critics of his proposed low-fee super fund.

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Superannuation retirement gap still gaping By Alex Tilbury - 07/07/2010
THE national superannuation review criticised for not addressing its failure to provide for Australians' income in retirement.

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Aussie workers win $40,000 super boost By Steve Lewis - 06/07/2010
MILLIONS will get an extra $40,000 in savings as part of a superannuation revolution.

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Changes risk 'dumbing down' super AAP - 05/07/2010
CREATING a simple default option for super means workers will tune out the details, industry warns.  

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Tax cuts, super hike might go - PM Gillard AAP - 01/07/2010
DEAL with mining companies will probably impact super changes and company tax cuts, PM says.

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End of year market slump to hit our super By Andrew Carswell - 01/07/2010
WEAK share markets rob super funds of thousands and rule out return to double-digit annual gains.

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Westpac to fatten up parents' super funds By Lanai Vasek - 30/06/2010
BANKING giant becomes the first company in Australia to pay superannuation on unpaid parental leave to all permanent staff.

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Super set for boost in no-frills fee plan By Steve Lewis - 29/06/2010
MILLIONS of Australians will retire with thousands more in super as part of a plan to slash fees.

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Global market slump hits super balances By Alex Tilbury - 22/06/2010
SUPER balances are continuing to shrink, with latest data pointing to a 2.6pc loss by funds in May.

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The latest business breaking news from NEWS.com.au

Philippines swimming in rice By Teresa Cerojano - 30/07/2010
THE world's biggest rice importer, the Philippines, is now "swimming" in the staple grain because of massive imports.

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Kiwi iPhone launch labelled 'epic fail' AFP - 30/07/2010
HUNDREDS of New Zealand customers turned away empty-handed in  "nightmare" Apple iPhone 4 launch.

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Telstra hit with $170m impairment charge AAP - 30/07/2010
TELSTRA says it will incur a non-cash impairment charge of $170 million on the carrying value of its Hong Kong-based mobile phone telco CSL New World.

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Dollar ends week on a high AAP - 30/07/2010
THE dollar closed higher on today ahead of expected weak economic data from the United States.

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Shares close lower on broad falls AAP - 30/07/2010
THE sharemarket has suffered broad-based falls, as investors offload risk ahead of the weekend.

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'Playing more sport boosts economy' By Tony Bartlett - 30/07/2010
THE Australian economy could be $12 billion a year better off if more people played sport, a national conference has been told.

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Timberlake brings sexy back at Target NewsCore - 30/07/2010
SEXY Back singer Justin Timberlake is launching an exclusive clothing line for US department store Target.

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Brothers in $612m insider trading case By Terry Wallace in Dallas - 30/07/2010
BILLIONAIRE brothers made $612 million during 13-years of insider trading, US authorities say.

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Lawsuit seeks $33m from Madoff family From correspondents in New York - 30/07/2010
A TRUSTEE trying to recover billions of dollars lost by Bernard Madoff sued three entities overnight for more than $33 million.

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Mobile broadband to skyrocket - experts By Angela Harper - 30/07/2010
THE uptake of mobile broadband will surge over the next five years, experts say.

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The latest money property news from NEWS.com.au

Property prices post largest fall since 2008 By Chelsea Mes, Money Editor - 30/07/2010
AVERAGE house prices fall for first time in 17 months as rate hikes and affordability start to bite.

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Cheaper suburbs push house prices up By Maurice Dunlevy - 29/07/2010
LESS affluent suburbs performed better in the past three months than the luxury market, data shows.

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Mortgage applications on the rise AAP - 28/07/2010
MORTGAGE applications rose in the June quarter, but credit card applications fell, credit agency says.

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Fees create confusion for homebuyers By Nhada Larkin - 26/07/2010
SELLING a home can be an expensive exercise and different fees from state to state can confuse some buyers.

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Fraudsters target migrants, the elderly By Anthony Keane - 26/07/2010
CRIMINALS are stealing the identities of migrants and the elderly to apply for fake mortgages.

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Why homes are worth more in a street By Bronwen Gora - 25/07/2010
ADDRESSES containing the word "street" are worth $100,000 more than those ending in "road."

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Couple pay $14m for homes - to demolish By Daryl Passmore - 25/07/2010
PROPERTY guru will spend millions more converting waterfront sites into mansion.

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James Packer set to expand sprawling pad By Bronwen Gora - 25/07/2010
JAMES Packer submits plans to redevelop properties into $43 million compound.

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First home saver accounts 'unpopular' AAP - 23/07/2010
DEMAND for the much-vaunted first home accounts has been much less than expected, PM Gillard says.

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'We won't take brothel owner's millions' By Evonne Barry - 21/07/2010
OWNERS of medieval castle, once a family attraction, to reject offer of $10 million to turn it into a brothel.

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