AMP will return the majority of the sale of the former AMP Capital to shareholders but won't yet commit to regular dividends just yet.
The Australian sharemarket did little to recover after it shed billions of dollars on Thursday morning, with retail stocks in a tailspin.
Prime Minister Scott Morrison says the government is engaging with one of Australia’s largest home builders amid reports of its imminent collapse.
Australia’s unemployment is at a level that hasn’t been seen in almost 50 years in a major development just two days before the election.
A financial bloodbath on Wall Street set the scene for a dramatic Australian sharemarket dive on Thursday morning, with the index shedding billions of dollars.
The PM called it the single biggest challenge facing Australia’s economy and it’s an issue that has many business owners across Australia sweating.
Positive sentiment on Wall Street helped the Australian sharemarket secure gains for a fourth straight day on Wednesday.
Another major Aussie construction firm is on the brink of collapse with urgent crisis talks underway with key clients.
When it comes to personal finances, women trump men in this one area, according to new research by a major bank on Aussie habits.
The latest figures on wage growth for Australian workers have just been released, revealing salary changes across all industries.
Australia’s biggest lender has announced the launch of a new digital home loan that it says customers looking to refinance can apply for in just 10 minutes.
Crypto assets will be a key focus of the ATO at tax time as the organisation looks to crackdown on the mistakes Aussies are making.
Petrol in Perth remains on track to break the $2 per litre barrier for the second time in the space of two months when the fortnightly cycle hits a new high on Wednesday.
Hundreds of thousands of mortgage holders face a jarring surge in repayment costs in the coming months as their ultra-low fixed-term plans wind down.
A major conflict playing out in the NSW waste industry could cripple small businesses and further cement giant companies’ grip on the market.
Insurance companies have been put on notice that regulators will pursue them for poor value policies or product design in the face of climate change and rising health costs.
Mark McGowan has hit back at stinging criticism from the Victorian government, saying they should “go jump in the lake”.
The huge extent of construction blowouts and staff shortages have been laid bare in budget documents, with a hint of more pain to come.
Australia’s largest pension fund is beefing up its private equity team in New York as it plows $9.5 billion into US healthcare, technology and other sectors over the next two years.
Public sector unions have called on the government to urgently review its wages policy, saying Mark McGowan’s boasts about the strong budget rubs salt in their wounds.
Caitlyn Rintoul and Rebecca Le May
The technology sector was a sea of red after worrying data spooked investors and sent the sharemarket to a five-month low.
A fresh report has revealed the grim reality of how long it takes for Australian first home buyers to save for a deposit.
The Transport Workers’ Union has reignited its fight with the Coalition over a key safety issue facing Australian truck drivers.
A worrying sharemarket sell-off resumed on Thursday in the wake of concerning US data, with one particular tech stock savaged.
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