So according to Westpac, mortgages and banana smoothies are very similar. But the money that banks needed to buy started to cost them a lot more, just like bananas for smoothies. You still following?
In a bid to curb an exodus of customers to Optus and Vodafone, Telstra last week announced that it would be reducing the cost of iPhone handsets by $100 until Christmas.
Property may be fairly priced and "Conflicted Chris" Joye may well be right -- but it’s a shame though that he isn’t able to articulate a single coherent argument to support his theory, writes Adam Schwab.
Some Australian CEOs are worth their pay cheques. Here's the pick of the top five boardroom bunch for 2009.
In some parts of Australia and contrary to what property "experts" might suggest, we have an almighty bubble. But it's not increased immigration that's fuelling the dire housing shortage. So what is?
Yesterday, APRA formally released prudential standards and a practice guide for corporate governance requirements. Sadly, the "minimum foundations" stated by APRA are either obvious, already in practice or won’t have any actual effect on curbing the scourge of "extreme capitalism".
Australia has a new high-profile property spruiker ... the deputy governor of the Reserve Bank, Ric Battellino, writes >Adam Schwab.
While Australian boards are to be lauded for acting quickly to remove poorly performing CEOs, those same boards are also wantonly handing out shareholder monies to failed executives who retire, rather than are terminated.
It appears that Monomeath Avenue is being challenged as Australia’s most cursed promenade by Queensland’s most expensive street -- Hedges Avenue in Mermaid Beach, writes Adam Schwab.
Kevin Rudd may publicly deride extreme capitalism -- but, fortunately for our bankers, the Federal Government’s policies appear to be aiding and abetting it.