Economy

ASIC has successfully applied to the Federal Court of Australia for a liquidator to be appointed for ASX-listed boutique investment bank Sino Strategic International.

Accounting body CPA Australia has provided a crucial update on its much-hyped entry into the financial planning and credit advice markets.

The Australian Bankers’ Association (ABA) has welcomed APRA’s finding that international comparisons will inform, rather than determine, Australia’s approach to bank capital levels.

The Customer Owned Banking Association (COBA) has called for policymakers and regulators who have run out of patience with listed banking institutions to further promote its model.

Three of Australia’s major banks have issued responses to APRA’s recommendation that they will need to strengthen their capital in order to position themselves among the world’s top banks

The Australian dollar is set to plummet to its lowest level in six years by the end of 2015 – and is tipped to sink even further.

Australia has some of the world’s most expensive construction markets, although the tide is starting to turn, an international report has found.

While all eyes have been on the unfolding situation in Greece, it is China that poses the greatest threat to the global economy, says one economist.

Marketplace lender DirectMoney has announced it is about to list on the Australian Stock Exchange as it looks to disrupt the personal lending space.

Australians who buy expensive local properties from foreigners will have to withhold 10 per cent of the payment under proposed new rules.