Daily FNArena News - Australia

There is a proposal at hand that Australian banks be allowed to issue “covered” mortgage bonds in order to restart the securitisation market. Is this just a step back into hell? FNArena responds to a reader enquiry.

Evidence the economic recovery in Australia remains fragile can be found in the fall in the ANZ job ads series in July, the 15th consecutive month of decline in the measure.

It appears Macquarie Group has avoided disaster and ridden out the storm. But can it go back to making good money?

The TD Securities-Melbourne Institute Monthly Inflation Gauge jumped in July and while it remains below the RBA’s target band it does cloud the inflation outlook.

Australian building approval numbers bounced back from a weak May to record a solid gain in June, while house prices also rose in both the month and the June quarter.

Credit Suisse says Wesfarmers shares are overpriced relative to its peers in the discretionary retail and coal sectors.

National Australia Bank’s survey for June and the latest Conferene Board Leading Indicator showed mixed results in terms of the implications for Australia’s economic growth outlook.

Why does Virgin need quite so much cash given it already expected to break even next year?

UBS notes the budget deficit already appears to be tracking at a less substantial level than expected.

Macquarie Airports has internalised management via a deal with Macquarie Bank. Who’s next?