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The Oxford Hotel  in Drummoyne has been sold for $34 million in the second largest gaming hotel transaction of the year.

Pubs are in hot demand

Carolyn Cummins

Another round of pub sales will tip the number well over the $250 million mark in a year that has seen traditional operators return to the sector.

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In Depth

Airbnb upgrades variable pricing tool

"Smart Pricing is tailored to individual listings so hosts can offer a price that is most likely to attract bookings, day by day," AirBnB said.

Online home rental group Airbnb is rolling out an upgraded variable pricing tool that automatically raises or cuts room rates based on supply and demand.

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US oil rig additions seen as temporary

US production has remained stubbornly high as new techniques that increase efficiency keep the oil flowing.
David Wethe

Drillers put rigs back to work in US oil fields after more than two months of pulling back as explorers seek to boost production to help pay their bills.

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Banking & Finance

Fisher & Paykel's Project Weka grows wings

FlexiGroup founder Andrew Abercrombie was not formally involved in the deal, but he was a big influence
Shaun Drummond

It took three attempts and eight years but the $275 million sale of Fisher & Paykel Finance - codenamed Project Weka after the kiwi brown bird with no wings - finally flew the coop last month.

Mining & Resources

US oil rig additions seen as temporary

US production has remained stubbornly high as new techniques that increase efficiency keep the oil flowing.
David Wethe

Drillers put rigs back to work in US oil fields after more than two months of pulling back as explorers seek to boost production to help pay their bills.

BHP-Vale mine could be shut permanently

On Friday, rescue workers were still searching for 18 missing people, with nine confirmed dead.
Anna Edgerton

Brazil could permanently close the mining site where dams burst last week as prosecutors seek to make an example of the country's worst mining accident.

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Business Video

Failings in the vocational education sector

Private operators are chasing a multi-billion pile of federal and state government funding for education like bees to a honey pot, as Sarah Danckert explains.

Duration
01:26