Sharpest home loan drop on record as property investors exit market

The liquidator of a company involved in a Tasmanian gold mine has been removed from the role, with a federal judge ruling the man had made "a serious error of judgement" and had failed to properly investigate the company.

New analysis shows people who earn about $45,000 or $190,000 are the worst hit by bracket creep, the phenomenon that results in taxpayers being stung with higher rates over time.

Macquarie Bank has admitted to failures in the promotion of its "welcome" interest rate for new savings account customers.

Low rainfall hits sugarcane crops in India as farmers grapple with rising fuel and fertiliser costs.