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Discovery and Foxtel lower Ten offer

Dominic White, James Chessell and Jared Lynch

Discovery Communications and Foxtel are preparing to lower their original indicative offer for Ten Network Holdings.

Former minister banned over Prime

GEORGIA WILKINS

Former health minister Michael Wooldridge has been banned as a company director for more than two years but escaped harsher punishment over his role in collapsed retirement village scheme Prime Trust.

Cheap energy shifts fundies

Bianca Hartge-Hazelman

Fund managers are starting to adjust their portfolios in response to a weaker oil price, pressure on energy stocks and fears of a major downturn in the Australian economy.

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In Depth

BetEasy scores upset AFL win

John Stensholt

An online wagering firm is understood to be paying nearly $10 million annually for the contract.

Why Boston's $29b man avoids China

William Pesek

Waiting for peace to break out: Dan Fuss, a battle-tested debt maverick, won't invest in North Asia despite China's recent charm offensive.

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Motley Fool

Don't just sit there, invest!

Scott Phillips

Ignore the hype around Medibank, the fear over commodities, the market bumps and buy great companies at good prices.

Business News Wire

Markets

$A rebounds as RBA fails to ramp up rhetoric

Yolanda Redrup

The Australian dollar has rebounded from Monday's four-and-a-half year low, lifting after the Reserve Bank of Australia's decision to leave the cash rate on hold.

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The Economy

Tourism more than 'boardies and thongs'

Jamie Freed

NSW politicians need to get over their view of thinking of tourism as a "boardies and thongs" exercise and realise it drives $33 billion in spending in the state every year.

Retail

Banking & Finance

$1 billion payments overhaul delayed a year

Shaun Drummond

A Reserve Bank backed $1 billion real time payments network will be delayed by another year to late 2017 after five of the institutions originally funding it stepped back from signing the deal on Tuesday.

Mining & Resources

World Business

Vox Media valued at $US380m

Leslie Kaufman

Vox Media, a US publisher with a fast-growing portfolio of online lifestyle and news brands, is set to announce that it has just closed a $US46.5 million round of financing from General Atlantic, a New York investment firm.

China

China PMI falls to six-month low

Growth in Chinese factories stalled in November as output shrank for the first time in six months, reinforcing expectations that authorities will roll out more aggressive stimulus .

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Business Video

Household debt nearing record levels

The latest RBA figures say that household debt levels are getting close to the all time high reached before the GFC. Interest rates are still on hold but could there be a cut soon? Personal finance editor John Collett and Business reporter Clancy Yeates comment.

Duration
03:19