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Billionaire Rinehart wants her workers to take pay cuts

Roy Hill - run by Australia's richest person, Gina Rinehart - wants workers to take pay cuts

Julie-anne Sprague 1:16PM

Australia's richest person, Gina Rinehart, wants workers at her $10 billion Roy Hill mine to take pay cuts to preserve jobs and "family friendly" rosters.

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Investors face challenging times this year.

Markets Live: Groan, more Greek drama

Jens Meyer 3:13PM Live

Shares fall, led down by the banks, as worries about a Greek default keep investors on edge.

Contains: total comments152

Actor Peter Phelps: "Kids future. Farm. Gone."

Fraud charges laid in Wickham saga

Colin Kruger and Marissa Calligeros 1:46PM

The investment adviser who allegedly defrauded former Stingers and Underbelly actor, Peter Phelps, faced a Brisbane Magistrates court today charged with fraud.

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John Fitzgerald talks at a seminar in Kunming, China in May this year.

Buy 10 Australian houses, get a free visa

Phillip Wen, John Garnaut 10:59AM

It's not just high-end property that Chinese investors are being encouraged to buy: it's house and land packages in the vast suburban hinterland.

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The Quindell purchase was trumpeted by Slater & Gordon managing director Andrew Grech as a "transformational" once in a life time opportunity.

Slater & Gordon plunges on UK reports

Jonathan Shapiro 1:46PM

Slater & Gordon shares have plunged more than 17 per cent as investors react to news that Quindell, the parent company of its recent acquisition, is under investigation by UK authorities.

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Tony Fernandes, one of Asia's best known corporate leaders, has built a sprawling business empire over the past decade that includes English football club Queens Park Rangers, a hotel chain and an insurance business.

AirAsia boss steps in to fix airline

Siva Govindasamy 2:56PM

Air Asia boss Tony Fernandes has told staff and analysts he will cast all other ventures aside to focus back on the budget airline after its shares dived.

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While Collins Foods Sizzler business is going backwards, KFC's same-store sales rose 4.8 pct.

KFC franchisee lifts payout despite loss

Sue Mitchell 10:30AM

KFC franchisee Collins Foods has plunged to a $10 million annual loss after writing down its struggling Sizzler chain.

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Mining and Resources Small caps Macmahon jumps 39% on Mongolia exit
Mining and Resources Atlas shareholders back $180m raising
Telecommunications Govt announces $385m for base stations
Retail David Jones' new owner to disrupt food

Market Indices

Last updated: June 25, 2015 - 2:00AM

Currencies

United States Dollar
Last updated: Jun 25, 2015 - 3:11PM (delayed by 30 minutes)
0.7747	0.52%
Euro
0.6914	0.49%
British Pound
0.4937	0.61%

Comment & Analysis

Colin Kruger, CBD

Jeff is Stoked at the prospect of joining Seven
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Malcolm Maiden

Greece deal not a sure-fire rally-maker
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Elizabeth Knight

Myer negotiates new lease – of life
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Nice little earner: Billionaire Carl Icahn sells out of Netflix for a massive profit.

Carl Icahn exits Netflix, making a $2.1b profit, at least

Lucas Shaw 12:39PM

The US billionaire sold his last shares of Netflix this week after the internet video streaming site doubled its share price this year. Now he's chasing the next golden opportunity.

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In Depth

Feeling anxious? You're not alone

Concerns about job security, health and spending power are now the main factors dampening confidence, and will likely drag down spending in the coming months, NAB chief economist Alan Oster said.

Jason Cadden 3:21PM

Consumers are growing more anxious about job security and the cost of living.

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Where are next superpowers brewing?

Rina Chandran 12:36PM

Forget GDP growth, home sales, profit forecasts. There's a better economic indicator: Beer sales.

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Fancy a long weekend away in Hawaii?

Australians on average spend nine nights in Hawaii, but Hawaiian Airlines is releasing a range of 3-night packages.

Jamie Freed 11:43AM

Hawaiian Airlines wants Australians to consider a four-day jaunt to Hawaii - involving more than 20 hours of flying.

Contains: total comments31

Trading Room

Motley Fool

Is Atlas Iron flogging a dead horse?

Mike King 1:18PM

Atlas Iron appears confident that it can survive and prosper, even if iron ore prices retreat back to 10-year lows.

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Intelligent Investor

Finally, proof we are in a property bubble

How a 24-year-old proved that, yes, we are in a property bubble.

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Markets

Markets Live: Groan, more Greek drama

Jens Meyer 3:13PM Live

Shares fall, led down by the banks, as worries about a Greek default keep investors on edge.

Contains: total comments152

Is Greece Lehman Bros or RadioShack?

NEIL IRWIN 1:38PM

Some bankruptcies cause barely a ripple while others send shockwaves around the world.

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Fresh uncertainty over Greek debt crisis

A protester waves an EU and a Greek flag during a pro-European demonstration in front of the Greek Parliament in Athens last week. Greece must make the next move towards reaching a debt deal with its creditors or face a default.

5:37AM

International creditors demanded politically sensitive changes to Greek Prime Minister Alexis Tsipras' tax and reform proposals, adding fresh uncertainty to talks.

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Markets not ready for US rate rise: Cohn
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Pimco sees inflation at 2%, oil at $US70
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Carl Icahn exits Netflix, making a $2.1b profit
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Why millennials don't trust the stock market
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Wall Street slides as Greece weighs
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Perich family ups Freedom stake ahead of a2 bid
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Programmed, Skilled merger a sign of the times
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Greece debt uncertainty casts a cloud over the ASX, which closed flat on Wednesday.

ASX closes flat amid Greece debt uncertainty

Search Quotes & Charts

The Economy

Why the free trade agreements will cost us

Peter Martin 5:09PM

The Productivity Commission has launched a scathing attack on Australia's latest series of free trade agreements, saying they are 'preferential' and dangerous.

Contains: total comments41 This article contains a video.

IMF says Australia should run up more debt

Borrowing at near-record low interest rates for projects that would boost Australia's capacity would pay dividends and support the economy during an uncertain transition away from mining.

Peter Martin 4:26PM

The Australian government should run up more debt and wind back its budget deficit more slowly in order to boost spending on roads, rail and schools, the International Monetary Fund says.

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Define 'tax haven' business lobbies tell gov
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Governments to blame for infrastructure drought
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Blitz on corporate tax rorts 'doomed to fail'
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Three hints the Fed might not raise rates
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Multinationals gear up for tax PR battle
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Retail

KFC franchisee lifts payout despite loss

Sue Mitchell 10:30AM

Collins Foods has plunged to a $10 million loss for the 12 months ending May 3, after writing down its struggling Sizzler chain.

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DJ's new owner to disrupt food

David Jones food halls are set to get a makeover.

Sue Mitchell 12:11PM

Woolworths and Coles could soon be facing competition from an unlikely source.

Contains: total comments55

Banking & Finance

IOOF scandal reaches board level

Senator John Williams' speech came only hours after the Senate voted down a motion by the Greens calling on the Abbott government to launch a royal commission into misconduct in the financial services sector.

Adele Ferguson and Sarah Danckert 7:50AM

IOOF's scandal has reached board level following an explosive speech by Nationals Senator John Williams.

Contains: total comments28 This article contains a video.

ASX raising the bar on executive pay

Remuneration experts say the ASX has set the right example in its new pay incentives for chief executive Elmer Funke Kupper.

Shaun Drummond 8:00PM

ASX chief executive Elmer Funke Kupper could earn more than a $1 million in bonuses under a new pay deal that experts say has set a new benchmark for all companies.

Contains: total comments1

Smorgon to counsel feuding families as new PwC Wealth boss
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Westpac buys stake in online payments start-up
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Moody's anxious on Macquarie's leasing
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Greens push for royal commission
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Credit card rates up despite cash rate drop
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Mining & Resources

Rinehart asks workers to take pay cut

Julie-anne Sprague 1:16PM

Australia's richest person, Gina Rinehart, wants workers at her $10 billion Roy Hill mine to take pay cuts to preserve jobs and "family friendly" rosters.

Contains: total comments16

Macmahon up 39% on Mongolia exit

Macmahon said the sale would result in its exit from the troublesome Mongolian contract, with the buyer managing it going forward

Tess Ingram 2:48PM

Shares in the mining contractor soar after it offloads its Mongolian operations for $85 million, extricating itself from a 10-month payment dispute.

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World Business

Is Greece Lehman Bros or RadioShack?

NEIL IRWIN 1:38PM

Some bankruptcies cause barely a ripple while others send shockwaves around the world.

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IMF boss Christine Largarde weighs second term

IMF Managing Director Christine Lagarde: "Invective and insults don't advance the debate."

11:56AM

The former French finance minister says she is ready to consider a second term as head of the International Monetary Fund and tells off the Greek government.

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Fresh uncertainty over Greek debt crisis
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Napster billionaire takes new approach to charity
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Tsipras faces opposition from within his party
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Facebook's Mark Zuckerberg about to become one of world's 10 richest people
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Mme Frexit: Marine le Pen sees French euro exit
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China

The man at the centre of China's buyout frenzy

Neil Shen is leading the charge among venture capitalists and private equity firms to scoop up companies listed in the US and ultimately take them public in the mainland.

Boris Korby and Belinda Cao 10:12AM

One man may hold the key to figuring what's next in the frenzy to take over US-listed Chinese companies and take them public on the mainland.

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Wild day for Shanghai amid margin call worries

Chinese stocks extended their biggest weekly drop since the financial crisis on Tuesday.

Bloomberg News

China's stocks swung wildly but ended higher on Tuesday, after their biggest weekly drop since the global financial crisis.

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China's sharemarket bubble begins to wobble
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China shares drop 10% from peak
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What's next for stock that lost $24b in 24 mins
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300% gains on China IPOs suddenly vanishing
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Buy a flat, get a Porsche
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China's home prices lift at last
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Featured advertisers

Property Focus

Busy Xu sees golden age in developing diversity

"As long as you can buy well, the remaining comparable risks are minor," Jeff Xu says.

Simon Johanson

Jeff Xu's diverse business interests range from importing-exporting, to hotels and popular city eateries, but developing property is his passion.

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Age of change as big players look to aged care

Generation Healthcare has branched out into aged care with the purchase of a three facilities from major non-profit RSL Care.

Nicole Lindsay

The aged care sector is increasingly dominated by large corporate players which are poised to grow even bigger.

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Demand points to South Wharf Tower sale

South Wharf Tower is among several premium office buildings on the market.

Simon Johanson

Global demand has prompted a giant German property fund to offer a premium Melbourne office building on the south bank of the Yarra River.

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Cedar Woods upbeat despite Queensland woes

Offshore buyers shift to greenfields
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GPT offloads Rouse Hill projects
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Dexus soak up waterfront views with $635m buy
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Supermarkets put on the boxing gloves
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The Mint, Willoughby, will comprise apartments, offices, a retail showroom and parking, on a site fronting Mowbray Road, Willoughby Road and Penshurst Street.

Mixed-use projects in demand

Developers to circle St Peters

Carolyn Cummins

Sydney's St Peters looks likely to become the next development hotspot for commercial and industrial space.

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Executive Style

SUITS -- Season:5 -- Pictured: Gabriel Macht as Harvey Specter -- (Photo by: Nigel Parry/USA Network)

How to suit yourself like Harvey Specter

Benjamen Judd

The star of drama Suits is 'New York's best closer' - and its sharpest dresser.

Contains: This article contains a photo gallery.

Money

Turns out greed not that good after all

Whether you're a stockbroker's child or a small European nation, going out on your own can be a bit of a shock.

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Robo knows how to spot a good ETF

Stockspot is an Australian pioneer of the so-called 'Robo-adviser' model.

John Collett

Automated investment advice is the latest fad in the Exchange Traded Funds sector.

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Small Business

Five tips for doing business in India

Nigel Bowen

With an economic partnership agreement expected later this year, it's important to understand how to do business on the subcontinent.

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Save your staff from burnout

Tony Featherstone

What can you do to ensure your team is in tip top condition?

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Business Video

John Williams takes aim at IOOF

Front running and insider trading are among the allegations levelled at financial services house IOOF by Nationals Senator John Williams in an address to the Senate on Wednesday night.