Kenneth Hayne’s report recommends that commissions should be largely eliminated from the financial sector, including mortgage broking, financial planning and insurance sales. Photograph:  Mick Tsikas/Reuters

Australia’s royal commission into its banking and finance industries was a long time coming. In 2009, the Australia and New Zealand Banking Group paid(...)

Eleven banks to consider how to address financial risks of global warming. Photograph: iStock

Eleven major banks including Barclays, Citigroup and UBS said they will seek ways to address the financial risks of global warming, after Bank of Engl(...)

Hillary Clinton: in polls she was given a 68 per cent chance of victory, 14 per centage points less than estimated before an announcement that the FBI had reopened an email investigation. Photograph: Reuters

Investors are becoming more jittery amid a tightening race for the US presidency, sending gold higher for a sixth day while weighing on equities and t(...)

Yield on notes due in May 2026 held at 2.69 per cent, the lowest since 2009,  according to National Interbank Funding Centre prices. Photograph: iStock

Chinese government bonds are headed for a fourth weekly advance, with the benchmark 10-year yield dropping to a seven-year low, on concern the nation’(...)

The volume of shares changing hands across Europe was a third per cent lower than the 30-day average. EPA/JJ Guillen

Stocks dropped around the world as the dollar extended gains into a fifth day, with the potential for higher US interest rates again roiling financia(...)

The yuan strengthened as much as 0.32 per cent versus the greenback, briefly erasing its loss for the year

The euro steadied and European shares and bonds rebounded on Friday after being savaged on Thursday when the European Central Bank unveiled a huge new(...)

“If there’s anyone who has the market’s firm belief that they can over-deliver, it’s always going to be Mario Draghi.”

The euro is set for its longest stretch of weekly declines versus the yen since the common currency’s creation in 1999 as anticipation builds t(...)