Australian dollar hits a 10 month high against the US
SBS Finance Editor Ricardo Gonçalves takes a look at the driving forces in the currency markets with Chris Weston from Pepperstone and previews the US Federal Reserve's Thursday morning interest rate decision.
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14:15
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14:15
ANZ cops $240m fine for widespread misconduct
The Australian share market has begun the week lower, despite optimism ahead of the US Federal Reserve’s expected interest rate cut this week. For more, Stephanie Youssef spoke with Macquarie Private Bank Division Director Martin Lakos. Plus, ANZ has been fined $240 million for what ASIC has called widespread misconduct, including allegations of failing to respond to customer hardship notices and failing to refund fees charged to thousands of dead customers. For more, Asha Abdi spoke with Professor Allan Fels from the University of Melbourne.
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9:06
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9:06
Former Virgin CEO’s $50m payday; & is a US rate cut locked in?
Former Virgin Australia CEO Jayne Hrdlicka is collecting a $49.9 million pay packet, which includes 10 million shares, as revealed in the company’s annual report. For more on this and the ASX-200’s performance this week, Stephanie Youssef spoke with IG Markets analyst Tony Sycamore. Plus, US inflation has risen 2.9% in August, paving the way for the first US interest rate cut of the year when the Federal Reserve meets next week. For more, Stephanie Youssef spoke with AMP Chief Economist Shane Oliver.
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10:12
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10:12
US stocks benefit from Oracle surge; home ownership dream slipping
The ASX 200 has closed 0.3% lower with healthcare stocks dragging the index down, despite gains by gold miners. That’s almost despite Oracle’s shares soaring almost 40% in its best one-day performance since 1992, lifting the S&P 500 and other global markets to record highs. For more, Stephanie Youssef spoke with Mark Gardner from MPC Markets. Plus, new analysis from Domain shows the dream of owning a home is becoming further out of reach – with deposit hurdles, coupled with climbing house prices and mortgage repayments, driving the sharpest generational divide in decades. For more, Stephanie Youssef spoke with Domain’s research chief, Dr Nicola Powell.
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15:24
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15:24
How much you need for a comfortable retirement? | NAB latest to cut jobs
SBS Finance Editor Ricardo Gonçalves speaks with Marcus Bogdan from Blackmore Capital about the day's market action including why banks seem to be on a job cutting cycle, plus Stephnie Youssef speaks with ASFA CEO Mary Delahunty to find out how much money is needed in super to fund a comfortable retirement.
Australia