The scare over a liquidity crisis in a state-owned company in Guangdong has rippled through China’s debt markets and shone a light on the financial pressure in its local governments.

#china

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CBA sued for overcharging tens of thousands of businesses

Business & Economy

3d ago

CBA sued for overcharging tens of thousands of businesses

The corporate regulator has started legal proceedings against the nation’s biggest bank, alleging that it misled 42,000 business customers and overcharged them about $8.5 million in fees.

#cba

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ASX set to fall, AI stocks drive Wall Street higher

Business & Economy

3d ago

ASX set to fall, AI stocks drive Wall Street higher

A rebound for stocks in the artificial intelligence industry is lifting the US market.

#asx

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David Walliams faces investigation over alleged sexual assault of 15-year-old girl

Business & Economy

4d ago

David Walliams faces investigation over alleged sexual assault of 15-year-old girl

The Little Britain comedian and best-selling children’s author is facing a police investigation after he was accused of grooming and sexually assaulting a 15-year-old schoolgirl.

#walliams

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Trump’s Fed nightmare: Rates won’t be slashed. They could surge now

Business & Economy

4d ago

Trump’s Fed nightmare: Rates won’t be slashed. They could surge now

The US president’s demands for falling interest rates are going to be ignored when the Federal Reserve responds to last month’s hotter-than-expected inflation rate.

#interest-rates #trump #fed

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Macquarie admits ‘bonus’ savings rate failure, agrees to pay $14 million

Business & Economy

4d ago

Macquarie admits ‘bonus’ savings rate failure, agrees to pay $14 million

The corporate regulator said customers should not have to scrutinise every transaction and that Macquarie had failed to prevent confusion to customers.

#macquarie #savings

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Late mortgage payments tick up as CBA defends economy’s resilience

Business & Economy

4d ago

Late mortgage payments tick up as CBA defends economy’s resilience

The bank attributed the higher rate of people struggling to inflation and rising interest rates.

#interest-rates #cba

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ASX set to fall as Wall Street slumps on inflation report; Anthropic targets $2 trillion valuation

Business & Economy

4d ago

ASX set to fall as Wall Street slumps on inflation report; Anthropic targets $2 trillion valuation

US stocks are falling after a report showed inflation was worse across the country last month than economists expected.

#asx #anthropic #inflation

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The midterm message to Trump and Albanese: Fix the economy to keep your job

Business & Economy

4d ago

The midterm message to Trump and Albanese: Fix the economy to keep your job

What can governments do about cost of living? Nothing that is quick or painless.

#cost-of-living #albanese #trump

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Stressed and out of pocket: David Jones’ great-great-great grandson is owed money, too

Business & Economy

4d ago

Stressed and out of pocket: David Jones’ great-great-great grandson is owed money, too

Ben Nothling, a sixth-generation descendant of the Welsh entrepreneur David Jones, owns a shoe business. He’s owed $130,000 by the collapsed retailer.

#jones #nothling #welsh

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Business & Economy

4d ago

Who keeps crashing China’s sharemarket?

China is again in the midst of a sharemarket rout. The blame game has already begun.

#china

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