No car insurer explained its price rises, ASIC finds
None of the eight car insurance brands ASIC reviewed told customers why their premium changed. Motor premiums rose 8 per cent against 3 per cent inflation.
Business
Page 2 of 5ASIC bans hit a five year high as 150 removed
ASIC removed 150 people and businesses from finance, credit and company management in 2025-26, up 42 per cent and the most in five years.
Home prices are falling. So is borrowing power.
Canstar puts the loss in borrowing capacity since January at $35,400 for a single earner and $70,800 for a couple. The price falls have not been that large.
BHP and Rio called to Trump minerals talks
Both miners were on the invitation list for a White House critical minerals roundtable on Friday, with copper supply and Chinese processing on the agenda.
RBA faces Tuesday call with inflation at 3.8pc
The board meets Monday and Tuesday with the cash rate at 4.35 per cent, June inflation at 3.8 per cent and Brent crude back above US$82.
Gold hauls the trade balance back to surplus
Australia's goods balance swung $4.3 billion to a $1.9 billion surplus in June. Almost all of the improvement came from one line item: non-monetary gold.
Household spending up 0.8pc as fuel prices fell
Spending rose 0.8 per cent in June on new car sales and cheaper petrol, ABS figures show. The excise discount that carried the quarter expired on Sunday.
National home values fall 0.7pc in July
Cotality's index fell 0.7 per cent in July, the steepest monthly drop since December 2022. The correction is landing on the top of the market, not the bottom.
Job mobility falls to 7.2 per cent, ABS finds
One million people changed employer in the year to February, down from 7.7 per cent. Retrenchments fell too, so the people staying put are staying by choice.
ACMA sues Optus over failed Triple Zero calls
The regulator alleges 1,005 breaches over the September 2025 outage, when 455 of 605 Triple Zero calls failed to connect. Maximum exposure is $251 million.
Governments fund study into Karratha oil refinery
Canberra and Perth will split a $4 million pre-feasibility study into a Perdaman refinery at Karratha, the first new build proposed since the 1960s.
ASX 200 jumps 1.4pc as Brent crude falls 9.6pc
The ASX 200 closed at 8,894 on Monday, its best session in six weeks, after the United States paused its strikes on Iran and oil fell away.
