Crown hit by $184m pokies tax
James Packer's fortune could take a $250 million hit thanks to a new pokies levy introduced in Victoria's mid-year Budget update.
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Key Stories
Bright end to dismal week for shares
Despite a relief rally on Friday, local shares fell over the past week as speculation mounted the US Federal Reserve might start to cut stimulus next week.
Stevens drives dollar below US90c
The Reserve Bank's jawboning on the need for a weaker exchange rate has sent the Australian dollar falling again, with the currency plunging nearly 1 US cents overnight to hit a four-month low.
Qld confirms $5bn toll road auction
The Queensland Investment Corporation (QIC) has confirmed it will to auction off road toll division Queensland Motorways.
Confidence lifting, says Westpac chair
Westpac chairman says weaker $A has hepled lift confidence across the economy.
US budget deal passes first hurdle
The US House of Representatives has resoundingly approved a two-year budget deal that avoids the prospect of a government shutdown next year.
ACCC green light for NBN pricing
The ACCC has finally accepted the prices and access conditions for the national broadband network, opening the door for the first long term agreements with retail internet service providers.
Headline Stories
- Markets Takeover Saputo extends Warrnambool offer by a week
- Retail Retail $18b in Christmas spending
- Markets IPO Hilton shares jump 9% on debut
- Business Pharmacies API says don’t sideline pharmacy wholesalers in PBS deal
Market Indices
Last updated:
December 13, 2013 - 5:02PM
December 13, 2013 - 5:02PM
Last updated:
December 13, 2013 - 5:00PM
December 13, 2013 - 5:00PM
Last updated:
December 13, 2013 - 8:31AM
December 13, 2013 - 8:31AM
Last updated:
December 13, 2013 - 3:35AM
December 13, 2013 - 3:35AM
Currencies
| Last updated: | |
| United States Dollar | |
|---|---|
| 0.8926 | -0.13% |
| Euro | |
| 0.6494 | -0.05% |
| British Pound | |
| 0.5464 | -0.05% |
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Markets Live: Fourth week of losses
Live
The sharemarket ends a run of six days of losses, but still closed lower for the week and is down more than 4% for the month.
In Depth
America in the engine room
The world economy is primed for its fastest expansion in four years, fuelled by a US recovery.
Morrow relishes NBN challenge
Outgoing Vodafone chief hopes running NBN Co will be harder than his current job.
Is Qantas next in firing line?
Qantas chief executive Alan Joyce has every reason to be deeply worried about the Holden decision.
Trading Room
No investing pain, no investing gain
If you can't stomach a success rate that might be as low as 60%, you probably shouldn't own individual shares. It can be a tough game.
Aussie dollar will hold ground in 2014, experts say
The Reserve Bank might think the value of the Australian dollar is “uncomfortably high” but experts say the Aussie isn’t likely to lose much ground in 2014
Business News Wire
- AAP Westpac still waiting for lending to ...
- AAP AGL fined for ignoring Do Not Knock sign
- FNN Thor reports progress at Molyhil, ...
- FNN Midday: ASX drifts as AUD drops under ...
- BRR NuEnergy flows first gas at Muara Enim
- AAP Saputo extends Warrnambool offer by a ...
- AAP RBA comments send $A below 90 US cents
Markets
Bitcoin in 'an interesting space': Stevens
Glenn Stevens has become the latest central bank governor to acknowledge the rise of Bitcoins.
Markets Live: Fourth week of losses
Live
The sharemarket ends a run of six days of losses, but still closed lower for the week and is down more than 4% for the month.
RBA chief drives dollar below 90 US cents
The Australian dollar is at a three-and-a-half month low following strong US retail sales data and after comments from RBA governor Glenn Stevens.
- Wall Street US stocks decline for third day
- Commodities Gold prices tumble on stimulus fears
- Global markets European stocks slide on poor data
- IPO Hilton shares jump 9% on debut
- Currencies Dollar at five-year low against the kiwi
- Bonds Tough year ahead for fixed income
- Fed Speeches could signal US taper move
- What's on this week Business calendar for December 9 - 13
Aussie dollar will hold ground in 2014, experts say
Search Quotes & Charts
The Economy
'Modest' bounce in full-time jobs
Surprise jump in numbers increases expectations, even as unemployment rate rises.
Consumer confidence takes a dive
Consumer confidence has lost its post-federal election glow, falling almost five per cent this month to its lowest level since July.
- Housing Investor borrowing hits record levels
- Manufacturing It's in the government's hands, says Holden
- Statistics Business confidence edges lower in November
- Employment Job advertisements weaken: ANZ
- Reserve Bank Stevens says downturn inevitable
- Economy Trade deficit gives Aussie dollar another hit
Retail
Cartel inquiry 'not rushed', says ACCC
The boss of competition regulator has fired back at Woolworths.
Merry Christmas for retailers
Australians are expected to spend more than $18 billion this Christmas, a sharp increase on last year.
Banking & Finance
Lower dollar helping: Westpac chair Maxsted
Westpac chairman Lindsay Maxsted says the weaker Australian dollar and record low interest rates have set the foundations for increased borrowing next year.
QBE hit with negative outlooks
Two major ratings agencies have changed QBE Insurance Group’s financial strength outlooks to negative after its latest profit downgrade.
Mining & Resources
BHP 'bullish' about Bass Strait
BHP Billiton says it is 'bullish' about Bass Strait gas operations it shares with ExxonMobil.
Coal miner to axe 90 jobs
Troubled Indian-controlled coal miner Gujarat NRE Coking Coal, is to axe 20 per cent of its workforce.
World Business
Ford to hire 11,000 in US and Asia in 2014
Adding more than 11,000 new jobs as it rolls out 23 new vehicles in 2014, the biggest launch year in the company's history.
US bipartisan budget deal passes first hurdle
The US House of Representatives has resoundingly approved a two-year budget deal that avoids the prospect of another shutdown.
- Technology YouTube forecast to make $6.3bn from ads
- IPO Hilton shares jump 9% on debut
- US Solid US retail figures raise tapering fears
- Hotels Hilton tops Twitter with $US2.34 billion IPO
- US Fischer top choice to become US Fed vice
- Interest rates NZ Reserve Bank keeps interest rate steady
- Manufacturing Mary Barra to be first female CEO of GM
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China
WesTrac beefs up China operation
Kerry Stokes' mining services company WesTrac has bought Caterpillar Global Mining’s distribution and support operations in north-eastern China.
Yuan hits record against greenback
China’s yuan jumped to a record high against the US dollar on Monday lifting some Asian currencies in its wake.
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Property Focus
Federation Centres buys Carlingford Court
Federation Centres has expanded it footprint into the Sydney retail sector with the $177 million joint acquisition of the Carlingford Court centre from GPT Group.
City Tatts gives Pitt Street a makeover
The traditional retail fortress of Pitt Street is to get a make over with a new 100 room hotel, more than 200 apartments and restaurants and a new City Tattersalls Club.
Dexus sweetens bid for CPA
Dexus Property has lobbed a hand grenade into the property sector with the anticipated sweetened offer for Commonwealth Property Office Fund in a bid to dislodge the current rival GPT Group's offer.
H&M is coming to town
- Investors put $460m into South Sydney
- Property Westfield faces backlash over split terms
- Real estate Retail rents on the rise as foreign brands jostle
- Office space Asian money runs hot
- Housing New Zealand house prices at record high
- Hot Property In a changing world it's still work
- Auctions Buyers have upper hand as Melbourne property market cools
Westfield purchases remaining WTC stake
Gains lead to fundamental pains
While commercial property markets have enjoyed a record year of transaction activity, it's been another tough year for the fundamentals which underpin real estate.
Executive Style
From flab to ab fab ... and back again
How a 'six pack before 50' challenge resulted in a trip to casualty and no sign of my abs.
Money
Wall Street's run could break records
Technical analysis gives an indication of where the US market will head in coming weeks.
Plenty riding on fortunes of the big four
The appetite for the banks is set to increase as more large funds allow their members to invest in shares.
Small Business
Why secret Santa sucks
How would you feel if your colleagues gave you a blow-up doll or a mug that read ‘office bitch’?
Rage against the machine
Will a machine take over your job?
Business Video
The business week that was
A week dominated by some rational policy outcomes handled in irrational ways and the usual self-serving hypocrisy on both sides of politics.
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- 05:25
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- 01:52
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- 02:26
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- 02:38
Comment & Analysis
The government at least got it half right this time Contains: total comments 9
A big ask in store for Bill Morrow at NBN Co
Richard Colless secures a Swans hat-trick