Call us on 1300 794 893

Business News

5 things you need to know today

| More

Published on: Thursday, February 21, 2019

1. Labor has reportedly backed down on plans to make borrowers pay upfront fees for mortgage brokers as recommended by the Hayne Royal Commission according to the AFR. Instead of the current percentage-based fees, Labor could introduce a flat fee that would be paid by the lender to the broker, or limit the upfront fees to only cover the part of a loan that is used to buy a house.

2. The jobs report for January will be released later today. Employment previously rose by 21,600 in December.

3. At its meeting last month, the US Federal Reserve discussed the risk of slowing global economic growth, particularly in China and Europe, as well as "a rapid waning of fiscal policy stimulus, or a further tightening of financial market conditions" according to minutes released today.

4. The Dow rose 0.24% overnight, while the S&P rose 0.18% and the Nasdaq gained 0.03%.

5. Attorney-General Christian Porter has suggested that a loophole could mean that asylum seekers transferred to Christmas Island from Manus Island and Nauru for medical treatment may not be able to be sent back to detention.


New on Switzer

blog comments powered by Disqus

  THE SWITZER FEED
Pixel_admin_thumb_300x300 Pixel_admin_thumb_300x300 Pixel_admin_thumb_300x300 Pixel_admin_thumb_300x300 Pixel_admin_thumb_300x300 Pixel_admin_thumb_300x300