Warnings sound on DIY-super property
DIY superannuation funds turbo-charged with borrowing to buy property are failing after two years because of high costs and low returns.
Stock Ticker
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Key Stories
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Even if it is not repealed, the mining tax is dead in the water.
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B20: Corporate leaders urge reform
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Murray ponders some 'brave' ideas
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- Business Property Big commissions offered on apartments
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Market Indices
Last updated: July 18, 2014 - 4:41PM
Last updated: July 18, 2014 - 6:01PM
Last updated: July 19, 2014 - 7:16AM
Last updated: July 19, 2014 - 2:00AM
Currencies
| Last updated: | |
| United States Dollar | |
|---|---|
| 0.9398 | 0.05% |
| Euro | |
| 0.6946 | -0.01% |
| British Pound | |
| 0.5499 | 0.04% |
Markets Live: ASX defies global gloom
Live
Shares rise after a turnaround in the banks and gains in the supermarket owners offset early losses sparked by the downing of a jet in Ukraine.
In Depth
'Digging company out of many holes'
It may have been a while, but Rupert Murdoch has not lost his penchant for esoteric Tweets.
More jobs will be lost to robots
Fewer opportunities to find work as businesses increasingly replace labour with technology.
Carbon tax: Who wins, who loses?
The Coalition has finally killed off the carbon tax, but, who stands to win and who stands to lose?
Trading Room
Sorry investors - you’re on your own
Apparently, the profits of those providing financial advice are more important than making sure you receive conflict-free financial advice.
Don't let a rigged market stop you investing
Too frequently the interests of insiders like institutional shareholders, banks and boards prevail over those of ordinary retail investors.
Business News Wire
Markets
Shares lift as week ends on sombre note
Resources stocks led the Australian sharemarket higher over the past week as a raft of players delivered pleasing production reports.
$A recovers ground after airline tragedy
The downing of a Malaysian passenger plane at the Ukraine-Russia border sparked a sharp fall in the Australian dollar Friday morning.
S&P; 500 tumbles, gold rallies after jet crash
The Standard & Poor's 500 Index fell the most in three months, while Treasuries rallied with gold as demand for haven assets rose amid escalating tension in Ukraine and the Middle East.
- Stocks Local shares poised to fall on Ukraine shockwaves
- Aviation Malaysia Airlines MH17: Qantas up but global airline shares tumble after Ukraine crash
- Stocks Miners put Australian shares back in black
- Currencies Australian dollar has late lift after day of easing
- need2know need2know: Positive lead from Wall St
- Gold posts biggest loss this year
- Diary Australian business calendar July 14 - July 18
Investors hope for further volatility in emerging markets
Search Quotes & Charts
The Economy
More jobs will be lost to robots, says Seek boss
The head of Australia's largest online employment website says more people will lose their jobs and will have fewer opportunities to find work as businesses increasingly replace labour with technology.
Business confidence down, but not hopeless
Business confidence has fallen for the second consecutive quarter, but remains resilient overall as conditions improved, according to a survey from National Australia Bank.
Retail
David Jones to get with the private label program
Shoppers can expect a hungrier, leaner and smarter David Jones under Woolworths' ownership.
Free groceries as glitch strikes Woolworths stores
Woolworths stores hit by glitch causing items to scan for free.
Banking & Finance
David Murray ponders advice, super
The head of the Financial System Inquiry admits its interim report has canvassed some 'brave' ideas, writes Elizabeth Knight.
Banking regulator gets tough on home loans
The banking regulator has taken its concerns about the housing market to the boardrooms of Australia's biggest banks.
- APRA regulator's push for big banks to set aside more capital
- Banks No more rules, warns ANZ's Mike Smith
- Elizabeth Knight Independence and GFC the keys to inquiry
- Annuities Super system failing retirees' needs
- Adele Ferguson A rogue, Storm and poor advice
Mining & Resources
The mining tax is dead already
Even if it is not repealed, the mining tax is dead in the water.
Blackham Resources may take chairman Joseph Gutnick to court
Mining entrepreneur Joe Gutnick could soon be taken to court by a company he chairs.
World Business
Amazon tipped to push into content
After Rupert Murdoch's attempt to grab Time Warner, online giants Amazon.com and Google may decide to accelerate their expansion into content.
Wall Street cyber wars enter courts
The plan was for Kang Gao to do his exit interview with Two Sigma Investments, a $21 billion quantitative hedge fund in New York, and jump to Citadel LLC, a rival firm in Chicago.
China
BHP likely to smash iron ore export targets
BHP Billiton looks set to easily beat its iron ore export target for the 2014 financial year, after data published by its Port Hedland neighbours indirectly shed light on BHP's performance.
China June official PMI rises to six month high
Activity in China's factory sector quickened to a six-month high in June, a government survey showed on Tuesday, adding to signs that the economy is regaining strength after an unsteady start to 2014.
Property Focus
Macquarie Centre will be a "mall of the future"
Shopping centres will offer a range of services including business space, meeting areas and storage facilities for online shoppers.
Banks move to reconfigure branch offices
There is a move to smaller offices and a need for customers to have 24-hour access to a cash machines.
Finding the balance in the modern workplace
There is a broad range of expectations, desires, values and working styles in the modern workplace.
Retail hub plans for George Street
- Commercial Property Office space in demand
- North Shore offices ripe for growth
- Malls New look Macquarie Centre opens its doors
- Property Buyers snap up more than $10 billion in property
- Takeovers Frasers closer to winning $2.6b Australand bid
- REITs bunker down for reporting season
- New opportunities for Coughlan
The post-desk 'hot environment' is coming
World Square tops retail pops
It's no accident that the World Square development, even if slow to complete, now ranks top of the CBD Guns survey, writes Carolyn Cummins.
Executive Style
Maserati's time to rise and shine
The mid-size Ghibli marks a huge turning point in the Italian maker's fortunes.
Money
Don't kill the sharks, teach us to swim
The real problem with financial advice is big banks being allowed to �advise’ in the first place.
Pressure on pensions as asset rules shift
There is a high likelihood that changes to eligibility for Centrelink benefits will become a reality.
Small Business
Beat the office bitch
Every workplace has one, but you don’t need to let her – or him – get the better of you.
Were you born to lead?
The discovery of a leadership gene is set to change how we think about leadership.
Business Video
Rupert's week that was
The corporate story of the week was Rupert Murdoch’s pitch for Time Warner. Michael Pascoe investigates.
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Comment & Analysis
Sharks circle, but on paper don't look so good
Financial inquiry head Murray ponders advice, super
The mining tax is dead already