Gen Y hiding credit card spend: survey

Young Aussies are most likely to hide credit card spending and get into arguments about how much they buy on credit, a survey has found. The poll of 1,200 consumers by Creditcardfinder.com.au found a quarter of those aged 18-34 admitted making secret purchases on their credit cards. "Generation Y was the most untrustworthy group when it came to their credit card spending, as they were more likel…

  • Caltex margins soar on low oil price AAP - 52 minutes ago

    Low oil prices were good news for Caltex's refining business in March when margins more than tripled. The refining business's importance to Caltex in relation to distributing and retailing was significantly reduced with the closure of its Sydney refinery in 2014. Caltex's refiner margins - the difference between the cost of importing crude oil to make fuel products itself and the cost of importing its fuel products from Asia - jumped from a $5.31 a barrel in February to $20.66 in March. A lower oil price does not necessarily translate to lower prices for fuel, which can depend on separate market demand and supply forces.

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  • Bidding war underway for iiNet AAP - 1 hour 40 minutes ago
    Bidding war underway for iiNet

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  • BHP hit with $522m tax bill AAP - 1 hour 59 minutes ago
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    Ten and Foxtel in talks

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  • Cuba claims just tell stories now AAP - 2 hours 58 minutes ago

    Inside the offices of a little-known US federal agency, more than 5,900 claims files tally the furniture and factories, clothing and cars that once belonged to Americans in Cuba. Edmund Chester's story began soon after he came home to Louisville, Kentucky, from the Army and got a job as a newspaper reporter. In his off hours, Chester taught himself Spanish, which lead him away again. Chester spent the next decade reporting across the Caribbean and Latin America.

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