Top business news

Housing lending stronger in December
Home loan approvals grew by volume and value in December.
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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.
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Optus to take $200m revenue hit
Recent wholesale price changes for mobile terminating access services will lead to a $200m revenue hit at Optus.
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RBA downplays weak capex
The RBA has downplayed the impact of apparent weakness in non-mining business investment, citing unexpectedly strong jobs growth.
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WorleyParsons denies equity raising plan
Engineering and construction giant WorleyParsons has denied a media report that it is considering a rights share issue.
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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.
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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.
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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.
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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.
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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.
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