The Commonwealth economic organization says fears about borrowers falling off the fixed rate property loan cliff have largely been averted as households find work arounds in the face of higher finance charge rates. The bulk of CBA’s remaining fixed rate loans rolled on to variable rates in September last year. The Commonwealth economic organization says … Read more
The Australian share sector has hit new several record highs since the year began. That’s partly because Australia’s largest companies have been reporting better-than-expected earnings, despite their customers struggling with cost-of-living pressures and higher loan charge rates. David Chau takes a look at the winners and losers this earnings season and the risks around the … Read more
From airlines to retailers to banks and breweries, the gender pay gaps at Australia’s biggest companies have been revealed for the first time. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2024-02-27/australia-gender-pay-data-revealed-for-first-time/103487530 Some of the biggest and most famous brands in the nation are revealed to have substantial gaps, some paying women, on average, less than 50 cents … Read more
The Commonwealth lender has reported an 8 per cent drop in net profit in its half-year results, with chief executive officer Matt Comyn warning the financial strain hitting customers and the lender’s bottom line will continue through the year. He also says he expects to see an increase in bad loans and that downside risks … Read more