A statement of claim has been served on several parties regarding OneTel Ltd's cancellation of a $132 million capital raising on the same day that it entered administration, its liquidator says.

“If you can’t forecast well, forecast often,” is a well worn adage for people in markets and for economists. The adage has been - somewhat cruelly - referenced to former US Federal Reserve chairman, , Alan Greenspan, who’s forecasting record was less than prescient. He did however forecast often. In the public arena bank economists are paraded out each month to make forecasts on interest rates, inflation, unemployment.

Demand for home loans is set to decline in the year ahead as interest rates creep higher and investors stay on the sidelines, a report says.

Since October 30, IAG shares have risen over 13%

Australian firms are splashing out on buildings and equipment while improving their expectations for sales and profits, a business survey shows.