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The Australian sharemarket recovered its footing above 5000 points on Thursday.

ASX enters new quarter with a bang

Stephen Cauchi

Australian shares continued their recovery from Tuesday's dramatic selloff with a second straight day of strong gains.

Chinese President Xi Jinping's government may play a bigger role in Australia's bond market, and by extension our currency, than initially thought.

China owns more Aussie bonds 

Jonathan Shapiro

China's role in Australia's bond market, and by extension our currency, may be larger than initially thought, according to fresh numbers of foreign currency reserves.

Currencies

Last updated:
United States Dollar
0.7071 0.70%
Euro
0.6342 0.97%
British Pound
0.4668 0.63%

In Depth

$300m deal to control Peppa Pig

<p>
Miriam Steffens

Peppa Pig will jump in even more muddy puddles across the globe after Entertainment One agreed to buy 70% of its producer.

What's next for Ralph Lauren?

XMAS CATEGORY: CHARITY, Ralph Lauren Pink Pony cotton striped tank $169.95

Stefan Larsson inherits a label with rich heritage and global name recognition. But it's also one that's grown a bit stodgy and stale.

Workplace

Markets

Oz Minerals seeks KKR talks after share raid

Oz Minerals chief executive Andrew Cole ... the company operates just one mine, the Prominent Hill copper and gold mine in South Australia.
Brian Robins

Oz Minerals is expected to seek to meet officials with investor KKR as soon as possible after the group built a 10 per cent stake in the miner earlier Thursday.

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The Economy

Unions and employers hail inclusive Turnbull

Australian Treasurer Scott Morrison (left), Australian Prime Minister Malcolm Turnbull (centre) and Australian Deputy Prime Minister Warren Truss are seen during a gathering of leaders from business, unions and community during a mini economic summit at Parliament House.
Mark Kenny and Nassim Khadem

The Turnbull government has reached in-principle agreement with unions, employers and welfare organisations to reduce a raft of concessional taxation arrangements that benefit the rich, as all sides hailed the prospect of a new era of consensus and co-operation in Canberra.

Retail

7-Eleven may change opening hours

Some 280 people have come forward with claims of underpayment so far.
Adele Ferguson and Sarah Danckert

The new chairman of 7-Eleven will front franchisees next week with "everything on the table", including opening hours.

Banking & Finance

Mining & Resources

World Business

Drones find friends in high places

BRISBANE, AUSTRALIA - NOVEMBER 27:  A drone with a camera mounted on it operated by Alex Hamby can be seen flying on November 27, 2014 in Brisbane, Australia.  (Photo by Bradley Kanaris/Fairfax Media)
Michael J. de la Merced and Andrew Ross Sorkin

Big-name investors have poured millions of dollars into the tiny unmanned aircraft in hopes of turning them into big business.

$300m deal to control Peppa Pig

<p>
Miriam Steffens

Peppa Pig will jump in even more muddy puddles across the globe after British film and TV distribution company Entertainment One agreed to buy 70% of its producer.

China

Australia, NZ in China tourist 'arms race'

Australia and New Zealand have been warned they will miss out on Chinese tourism dollars unless they improve their language skills and offer better high-end hotels and transport infrastructure.

Australia and New Zealand risk losing a global arms race for big-spending Chinese holidaymakers unless they improve their services and infrastructure, jeopardising hopes that tourism will fill the economic hole left by the commodities downturn.

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Property Focus

Investors look north and south 

An artist's impression of Gurner's third apartment tower in FV series in Brisbane.
Nicole Lindsay

Investors, increasingly put off by Sydney's sky-rocketing prices, are turning to Brisbane and Melbourne apartments to stock their portfolios.

Executive Style

Money

Small Business

Business Video

Serious questions linger with Australian economy

Markets are starting to recover following yesterdays $56 billion slump, but our wobbly stock exchange is just a small piece to the puzzle.

Duration
01:43