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Australia to hold royal commission inquiry into banks
Source: Reuters

Australia to hold royal commission inquiry into banks

Australia will hold a royal commission inquiry into its banking and financial sector, the government has announced. Prime Minister Malcolm Turnbull said the commission - Australias highest form of public inquiry - would help restore confidence in the sector. Australian banks have been embroiled in scandals in recent times. The announcement came soon after the four biggest banks called for...


Commonwealth scraps $2 ATM Fee, ANZ, westpac, and NAB follow suit

Amidst growing concerns of customer complaints regarding the $2 ATM withdrawal fee for withdrawing from other banks, Commonwealth on Sunday decided to scrap the fees and make it free for its customers to withdraw money from any national ATM they wished to. The other three big banks of Australia, ANZ, westpac, and NAB followed suit. The banks have been receiving high praises from its customers via ...


Australian stocks close sharply lower as fears over China persist
Source: The Australian

Australian stocks close sharply lower as fears over China persist

The Australian sharemarket hit its weakest point in more than two years before closing substantially lower, booking its worst losing streak in more than five years. Local investor nerves were not relieved by a strengthening of the Chinese yuan during the days trading session, in which the local bourse dived as much as 2.2 per cent to touch its lowest level in two-and-a-half years. But the sh...


Severe thunderstorms, hailstones and tornadoes hit Sydney
Source: AAP

Severe thunderstorms, hailstones and tornadoes hit Sydney

POLICE have given those people in the path of todays double whammy of storms across NSW a simple message: go home. Fearful of traffic chaos as commuters clog up flooded streets and roads strewn with debris, NSW Police have advised people to end the day as soon as possible. In a tweet this afternoon the police said they were encouraging people to leave work early to avoid possible traffic trans...


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