National News

RBA passes, now it's the banks' turn

6:47 AM | The Reserve Bank's decision to leave its cash rate at 4.25 per cent is going to cause some hand-wringing inside the big banks.

National - General

Jobs to go and costs cut as Macquarie warns on profits

3:00 AM | MACQUARIE GROUP will cut jobs, close unprofitable businesses and aggressively target costs to boost earnings as it forecasts a 25 per cent fall in full-year profit, following a slump in business at its one-time high flying investment banking and equities divisions.

National - General

Former policewoman on trial over rape claim

3:00 AM | A former policewoman concocted a story that a colleague had raped her after her husband found out about their affair, a court has heard.

National - General

Auditor's report on emissions errors a blow to green dream

3:00 AM | JUST months before the carbon tax is introduced, an auditor's report has found more than one in six major polluters has made ''significant errors'' when reporting its greenhouse emissions and energy use to the government.

National - General

Kalajzich prepares for first taste of freedom

3:00 AM | ANDREW KALAJZICH will walk from jail today into a world he barely recognises, 25 years after he was convicted for murdering his wife, Megan.

National - General

Launchers on loose: still searching but no sign of lost rockets

3:00 AM | POLICE and security agencies still have no idea of the whereabouts of nine rocket launchers that fell into the hands of a murderer, a drug ring boss and, allegedly, a terrorist cell leader, after an army captain stole them from a NSW military ammunition store a decade ago.

National - General

Payouts to falsely jailed up by $1m

3:00 AM | THE NSW Police Force was forced to pay out more than $5 million to compensate people it had falsely imprisoned and assaulted last financial year.

National - General

Sacked casino boss faces deportation after temporary business visa cancellation

3:00 AM | THE sacked former managing director of The Star casino, Sid Vaikunta, was employed on a temporary business visa, meaning he and his wife, Malavika, are likely to be forced to leave Australia within weeks.

National - General

Don't give Gillard any free kicks, says Abbott

3:00 AM | TONY ABBOTT has told his MPs that only Coalition ill-discipline can save Labor and Julia Gillard, urging his side to avoid unnecessary fights over principle.

National - General

Majority of O'Shane decisions overturned in Supreme Court appeals

3:00 AM | SENIOR judges have been criticising the magistrate Pat O'Shane for more than a decade, upholding 88 per cent of Supreme Court appeals against her judgments in criminal matters and ordering half of them to be reheard by other magistrates.

National - General

Growing alarm over child porn epidemic

3:00 AM | CHILD pornography use has reached epidemic proportions in Australia, as paedophiles increasingly record themselves molesting children before swapping the images with other abusers, federal police have warned.

National - General

Why forecasters can be wrong when a cut feels so right

3:00 AM | TO UNDERSTAND why so many economists - 24 out of 27 - got it wrong in tipping the Reserve Bank would cut interest rates yesterday, you need to know a bit more about the forecasting business.

National - General

Scrap to start at halfback is still on at Souths, says Maguire

3:00 AM | SOUTH SYDNEY coach Michael Maguire says the battle for the halfback spot to start the premiership is not over yet, despite Adam Reynolds having been named there for Saturday night's trial game against the Warriors at Coffs Harbour.

National - Sport

Numero uno: Mortimer at fullback for Dogs clash

3:00 AM | DANIEL MORTIMER has been named at fullback for Sydney Roosters in their opening trial game against Canterbury at Belmore Sports Ground on Sunday but that is just the first of a number of positions he is likely to be seen in during the upcoming season.

National - Sport