High debt, weak wages growth and fragile sentiment are driving up the level of financial stress among consumers.
Abolishing stamp duty rather than negative gearing would improve housing affordability in Australia, a new report says.

BoQ to pay $17m to Storm investors

Bank of Queensland customers caught up in the Storm Financial collapse will receive $17m in compensation from the lender.

ALS warns of 36% profit slide

ALS Limited has warned its first half profit is expected to slide 36 per cent to $64 million.
Air France pilots have voted to extend the strike which has already crippled the French carrier.
The founder of Chinese online retail giant Alibaba, Jack Ma, says he wants the company "to be bigger than Wal-Mart".

Gold price low and heading lower

Gold prices are trading around their lowest level since January but analysts say a further slide is likely.

Alacer rebuffs OceanaGold approach

OceanaGold says its takeover bids for Canadian-listed gold miner Alacer have been rejected.
Chinese giant Alibaba, which is set to begin trading on Friday on the New York Stock Exchange, has priced its stock at $US68.
The pound gained more than one cent on the dollar, to $US1.6389, before the Scottish polls closed, with markets expecting a `no' vote.
The possibility of greater restrictions on the use of testosterone replacement drugs in the US has caused a sharp fall in a local company's shares.
Anatara Lifesciences has opened a share offer to raise funds to further the development of a non-antibiotic treatment for diarrhoea in pigs.
Limited supply of land in capital cities is driving up the price of vacant lots, contributing to the recent rise in property prices, research shows.
The ACCC has given Coles the green light to buy three Progressive IGA stores in Western Australia.
Sony stock dropped as much as 12 per cent in Tokyo before closing at 1,940.0 yen on the back of news of a likely $2.3bn annual loss.
Advertisement
Advertisement

Editor's Choice

Our pick of the best content from SBS News & Current Affairs and our content partners.

If we could go back 100 years in a time machine, what would kids be like? They’d be shorter, leaner, probably dirtier and less well-fed — but would they be fitter?
Vets from around the world will discuss animal control in remote indigenous communities around the world, and the links between pets and human diseases.
Actress Emma Watson has called on men to join the feminist conversation during a passionate address to the United Nations, saying everyone's help is needed to end...
Spending a week with the Prime Minister can make for an interesting time - Myles Morgan, NITV's political correspondent details the scheduling, showmanship and...
More photos of naked celebrities have appeared on social media.
Five of the Syria's six World Heritage sites have "significant damage" and some buildings have been "reduced to rubble," according to a report issued this week.
NASA is sending a 3D printer to the International Space Station in the hope that astronauts will be able to one day fix their spacecraft by producing their own...