NAB has finally joined its big four rivals in hiking variable mortgage rates, citing funding costs and shareholders.

The Reserve Bank has left the official cash rate at a record low, reiterating its economic growth forecasts, while keeping a close watch on stumbling...

Westpac has reported a flat full-year profit of $8.07 billion as customer compensation and legal costs reined in performance.

Private equity firm BGH Capital and AustralianSuper have returned with another $4.11 billion bid for Healthscope, five months after the private...

Fairfax Media shares have jumped to their highest level in seven years on the surprise announcement of a merger with Nine Entertainment that will...

Commonwealth Bank will demerge and list its wealth management and mortgage broking businesses, and is looking at selling its CommInsure insurance...

Westpac's chief financial officer has told the Productivity Commission that Australian banks are not highly profitable just because they make large...

Adelaide Brighton's full-year profit has slipped 2.3 per cent to $182 million after the cement and masonry supplier took a $17.7 million earnings hit...

Rio Tinto has agreed to offload a bundle of aluminium assets including an Icelandic smelter for a total $345 million.

Qantas will return another $378m of capital to shareholders in the form of a share buyback after the carrier lifted first-half profit 18 per cent to...