ASX falls on Grexit fears, but no blood bath
![The S&P/ASX 200 closed down 1.1 per cent on Monday.](/web/20150706074956im_/http://www.smh.com.au/content/dam/images/1/3/x/7/b/p/image.related.thumbnail.192x128.gi5s78.12uo4t.png/1436168457803.jpg)
Australian shares fell sharply on Monday as investors awoke to news that Greeks had voted against more austerity, but stemmed losses despite more wild swings in Chinese markets.
The Chinese casino mayhem is more important to Australia than what's happening in Greece, says Michael Pascoe.
First, the good news. None of the BusinessDay forecasting panel expects a recession this coming year.
Australia should be far more worried about a Chinese stock market crash than Greece exiting the eurozone.
What was it Jesus said about a prophet being accepted everywhere but in his home town?
July 1 will be a new financial year. But it'll be just another day in a long investing journey.
Atlas Iron appears confident that it can survive and prosper, even if iron ore prices retreat back to 10-year lows.
Shares end lower, weighed down by uncertainty over Greece and more Chinese share jitters.
The Australian sharemarket has returned to fair value after a confessions season that, while busy, was not historically bad, Deutsche Bank says.
The Australian dollar dropped to new six-year lows on Monday after a decisive "no" vote in the Greek referendum threw the country's future into doubt.
First, the good news. None of the BusinessDay forecasting panel expects a recession this coming year. But Australia's terms of trade are set to dive further and wage growth will be so low it won't match inflation, sending real wages backwards.
Some of Australia's biggest banks have released their economic outlooks, and say the economy will struggle for some time as the transition away from its mining dependence is proving slow
Baby Buntingis looking at raising between $50 million and $70 million in an initial public offer.
Pacific Brands is debt free for the first time in at least 11 years, after selling off iconic brands.
One of the country's biggest mortgage brokers, Mortgage Choice, says the clampdown on lending to landlords has dragged property investors' share of its loan approvals to a 20-month low.
ASIC bans former director of subprime lender Provident Capital, which collapsed in 2012 owing investors $130 million, from working in the financial services industry for two years.
A spill of coal waste and water has affected the Wollangambe River.
United States nuclear giant General Atomics lifts a buyout bid for the 25 per cent of the Four Mile uranium mine in northern South Australia .
"The EU project is now dying," said Nigel Farage, leader of the UK Independence Party.
Greeks voted overwhelmingly on Sunday to reject terms of a bailout, risking financial ruin in a show of defiance that could splinter Europe.
Australia should be far more worried about a Chinese stock market crash than Greece exiting the eurozone, but we would remain relatively unscathed from both events, economists say.
June has been a shocking month for the richest people in China and Hong Kong as the sharemarket plunge cut into their fortunes.
Makeup brands are in major expansion mode.
The sophisticated sister of fast-fashion Swedish retailer H&M, COS, (Collection of Style), has arrived in Sydney.
Budget stimulus measures are likely to benefit large-format retailers, but NSW lags the rest of the country in its planning rules, writes Philippa Kelly.
Eureka Funds Management has settled its $170.1 million acquisition of part of the NSW Government's Parramatta Justice Precinct.
Is discrimination against older women the media's fault? Nope, it's yours and mine.
The start of a new financial year is a good time to review your affairs, especially if they're keeping you awake at night.
As the new financial year begins, you could be tempted to move your retirement savings to an SMSF.
Taken every day, this medicine can make the difference between surviving and thriving and Centrelink.
Indoor and outdoor operators say the sky is the limit in the freefall market.
The "No" vote wins in Greek referendum, triggering celebrations in Athens, and anger in Germany.
Comment & Analysis
Listen up, nervous nellies
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Receivers on the receiving end
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How growth can make us worse off
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