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James Hardie cuts asbestos compo payment

United Voice, the union representing Wilson Security staff, said it had repeatedly raised the issue of asbestos exposure on Nauru.

James Hardie has cut its annual contribution to a compensation fund set up for asbestos victims by nearly a third following a drop in its free cash flow.

The ASX200.

ASX surge sparks Christmas rally hopes

Stephen Cauchi

Analysts say the stage is set for a Christmas rally after the local sharemarket posted strong gains following strong leads from Wall Street.

Volkswagen is now facing several class action lawsuits across different countries.

$100m lawsuit against Volkswagen filed

The lawfirm says more than 10,000 Australian owners have already registered to seek damages from the German carmakers for its emissions test rigging.

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Progressive dividend sets BHP apart: Nasser

CEO Andrew MacKenzie.
Peter Ker

BHP Billiton chairman Jac Nasser has refused to guarantee the progressive dividend will survive the company's revenue collapse, but has heavily hinted that it will remain after declaring that it is an important distinguishing factor between the company and its rivals

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China

China economy faces downside risks: Xi

China is on pace for the slowest expansion in 25 years.
Sharon Chen

Chinese President Xi Jinping acknowledged downside risks to growth while assuring fellow leaders that Asia's biggest economy is resilient and will remain on the path of reform.

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Property Focus

East West Link homes to be sold

Nadege Morel and Davis Michaud at their Parkville house in April. Their home of more than half a century was acquired for the East West Link.
Simon Johanson

At least 113 homes, an apartment block and 18 commercial properties will be sold over the next two years, providing a $250 million boost to government coffers after the axing of the East West Link.

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Showdown: Apple Pay vs Commonwealth Bank Tap & Pay

With the Apple Watch and iPhone, Apple Pay is ready to take on incumbents such as the CBA.

Duration
01:36