Top business news

Housing lending stronger in December
Home loan approvals grew by volume and value in December.
Aussie dollar pushes up motor repair costs
Suncorp chief executive Michael Cameron says the falling dollar has bumped up the cost of motor repairs in Australia.
Optus to take $200m revenue hit
Recent wholesale price changes for mobile terminating access services will lead to a $200m revenue hit at Optus.
RBA downplays weak capex
The RBA has downplayed the impact of apparent weakness in non-mining business investment, citing unexpectedly strong jobs growth.
WorleyParsons denies equity raising plan
Engineering and construction giant WorleyParsons has denied a media report that it is considering a rights share issue.
Poor competition keeps fuel prices up: RBA
Fuel refiners and retailers have been able to widen their margins because they aren't facing enough market competition, the RBA says.
Cooler house prices won't rock market: RBA
The head of the Reserve Bank welcomes Sydney and Melbourne taking "a breather" from surging house prices.
Recession gloom "overdone", says Stevens
The world's growth outlook is less rosy than six months ago but RBA boss Glenn Stevens says doom and gloom about a recession is overdone.
Mining dividends reflect cycle: RBA
RBA governor Glenn Stevens says the idea that resources companies should always increase their dividends does not fit the cyclical nature of the business.
Banks shouldn't hike independently: RBA
The head of the Reserve Bank says there isn't a strong case for the country's major lenders to independently hike interest rates at the moment.