Australian businesses now delaying invoice payments by a week longer than six months ago, report says
Recent findings suggest the average outstanding invoice is now repaid in 38 days, compared to 31 days in January.
ANZ confirms discussions to acquire MYOB, potentially boosting the big four bank’s SME credentials
ANZ has confirmed it is in talks to acquire small business bookkeeping platform MYOB, following media reports the Big Four bank is prepared to spend billions of dollars to boost its offerings to the SME sector.
RBA hikes cash rate target 0.5% to 1.35%, matching market predictions as the central bank battles inflation
The Reserve Bank of Australia hiked the cash rate target 0.5% on Tuesday, matching market expectations as the central bank battles inflation.
ANZ reportedly eyeing a stake in MYOB as the business banking arms race continues
Accounting platform MYOB is staying mum after reports the bank is considering acquiring a stake in the firm.
US cryptocurrency lender Celsius blocks withdrawals as Australia considers new digital asset safeguards
Collapsing cryptocurrency prices and liquidity concerns led US cryptocurrency lender Celsius to block user withdrawals on Monday.
Global inflation is likely to stick around, RBA says, as wages and business lending come to the fore
Global inflation is "high and is likely to remain so for a while", but the outlook for domestic investment and wage growth remain somewhat positive.
Sharper lending algorithms and “more affluent” users turning Beforepay to profitability, CEO says
The fortunes of pay-in-advance fintech Beforepay appeared to shift on Thursday, after a new report contrasted losses against rapid customer growth and a significant reduction in debt write-offs.
“I don’t even own a house”: Frustrated SMEs say Morrison’s unsecured loan program has failed. Has it?
Earlier this year, the government unveiled a $40 million unsecured loan program for SMEs, but after seven months, it's only hit 5% capacity.
Prospa attributes $19.5 million earnings loss to “unprecedented challenges” as big banks lean into online lending
Prospa attributes $19.5 million earnings loss on "unprecedented challenges" as big banks lean into online lending.
Small business loans skyrocket as companies snap up COVID-19 recovery assets
Small business loans increased sharply in June, amid the enhanced instant asset write-off, with plant and equipment spending up more than 150% on last year.
What would a second wave of COVID-19 do to our property markets?
Our property markets have been remarkably resilient so far. But how would a significant second wave of COVID-19 affect our housing markets?
Borrower beware: Ombudsman names and shames lender Prudent Capital
Prudent capital allegedly treated one of its small business clients unfairly, small business ombudsman Kate Carnell says.
