Business News, Economy, Finance & ASX Market News

Stock Ticker

Movers

Key Stories

Class action on Eagle Boys' menu?

Adele Ferguson - dinkus - thumbnail - dink

Adele Ferguson 12:15AM

Pizza chain faces challenges if it is going to deliver an ASX float.

Contains:

Top cyber crime targets for 2016 named

Ruth Liew 12:15AM

Health companies and retailers are tipped to be the biggest targets of cyber criminals next year, following a slew of technology breaches, says a new report.

Contains:

SYDNEY, AUSTRALIA - SEPTEMBER 23: Phil Edmands of Rio Tinto & BCA speaks at the Australia Financial Review Tax Reform Summit on September 23, 2015 in Sydney, Australia. ?(Photo by Christopher Pearce/AFR)

_DSC8810.jpg

Rio Tinto Australian MD goes in reshuffle

Peter Ker 10:08PM

Rio Tinto's managing director of Australian operations, Phil Edmands, has left the mining company.

Contains:

David Murray's financial system inquiry had many relevant recommendations that could shape the financial technology landscape in Australia.

Social capital can deliver big returns

Rosemary Addis 12:15AM

There is money out there for social causes and it can even earn a return.

Contains:

'When in doubt, discount'

Patrick Hatch 5:24PM

Department stores have fired opening shots in the fight for Christmas shoppers, sizing up one another in a weekend discount skirmish.

Contains:

Executive chairman Gerry Harvey
Photo: Rob Homer
[NO CAPTION PROVIDED]

Harvey facing second strike, spill vote

Sue Mitchell 9:46PM

Harvey Norman executive chairman Gerry Harvey has mounted a spirited defence of the retailer's board structure and executive remuneration ahead of Tuesday's AGM.

Contains:

Medibank CEO George Savvides believes he is winning the war on surging healthcare costs.

War on healthcare costs hits tipping point

Tim Binsted 9:30PM

Medibank Private boss George Savvides said signing a new contract with listed private hospital group Healthscope marks a "tipping point" in his fight to slow rapid rises in health policy premiums.

Contains:

Markets ASX rally rolls on as Woolies shines
Property Aspen Parks accepts Discovery offer
Retail Corbett appointed adviser to Woolworths
Business Agriculture Mystery bid sparks $250m dairy spat
Business Time to talk about net neutrality

Market Indices

Last updated: November 24, 2015 - 4:24AM

Currencies

United States Dollar
Last updated: Nov 24, 2015 - 4:10AM (delayed by 30 minutes)
0.7192	-0.70%
Euro
0.6781	-0.27%
British Pound
0.4755	-0.15%

Comment & Analysis

Adele Ferguson

Class action on Eagle Boys' menu?
Contains:

Colin Kruger, CBD

Going bust in the Bahamas
Contains:

Michael Pascoe

The best way to collect super? The ATO
Contains: total comments15 This article contains a video.

Australian start-ups have long faced a funding drought.

Land of the battle-hardened start-up

John McDuling 7:36PM

There is still a long way to go before Australia is considered in Israel or London's league when it comes to producing the world's next great companies, but a new breed has emerged.

Contains:

In Depth

Qantas steps it up

SYDNEY, AUSTRALIA - NOVEMBER 23: Qantas CEO Alan Joyce and NIB CEO Mark Fitzgibbon announce a partnership with a fitness phone app.Pictured at a CBD Gym on November 23, 2015 in Sydney, Australia. (Photo by Ben Rushton/Fairfax Media)

Tim Binsted 5:26PM

Private health insurance is rapidly moving toward a future where customer behaviour is monitored by health funds.

Contains:

Traditional owners rebuke Adani

Traditional owners claim Adani has misled the Native Title Tribunal over its Carmichael coalmine project.

Tim Elliott 5:31AM

Indian mining giant, Adani, knowingly misled the Native Title Tribunal, says a lawyer for the traditional owners.

Contains:

Crunch time for 7-Eleven

A lack of trust has created an atmosphere where the franchisees are concerned that the deal isn't what it seems.

Adele Ferguson and Sarah Danckert

It's crunch time for 7-Eleven as franchisees decide whether to accept new contracts with head office.

Contains: total comments23 This article contains a video.

Workplace

Catholic education manager sacked for bullying

The Federal Court accepted the Catholic Education Office's position that the woman was sacked after she created "a climate of intimidation and fear".

Anna Patty 12:23PM

An employee relations specialist said she was sacked for taking sick leave. The Federal Court disagreed.

Contains:

Pizza Hut exploiting drivers with 'sham' contracts

Adele Ferguson, Sarah Danckert 10:50AM

Franchisees are using the contracts to pay delivery drivers as little as $12 an hour without super or WorkCover.

Contains: This article contains a video.

Markets

Commodities clobbered as greenback powers higher

Nickel prices have plunged more than 40 per cent so far in 2015.

2:46AM

Copper and nickel tumbled to multi-year lows overnight in another commodities selloff sparked by growing worries over China's economic fate and a strengthening US dollar.

Contains:

Aussie drops as greenback finds friends

The Australian dollar suffered as the greenback climbed.

Mark Mulligan 5:12PM

The Australian dollar plunged more half a US cent on Monday, as further greenback support and the resulting commodity price weakness reversed a week-long rally driven mainly by investors unwinding or covering bets the local unit would decline.

Contains:

Markets Live: ASX rally rolls on

Patrick Commins and Jens Meyer 4:53PM Live

Shares overcome losses in resources stocks to gain for fifth straight session.

Contains: total comments205

Veda board recommends $2.5b Equifax bid
Contains:
More commodity pain, but no global recession in 2016
Contains:
Bear calls iron ore to sink below $US40 this year
Contains:
Capex data to test Turnbull
Contains:
need2know: Flat start in store
Contains:
M&A; to boom in 2016
Contains:
S&P; 500 scores best week in almost a year
Contains:
Zinc surges after China smelters promise to cut output
Contains:

As necessary, "we will do what we must to raise inflation as quickly as possible", Draghi said in a speech in Frankfurt on Friday.

ECB's Draghi readies more stimulus

Search Quotes & Charts

The Economy

Be afraid, they are coming for your super

The government's biggest tax decisions concern superannuation.

Peter Martin 12:00AM

Forget the GST – it's tackling the burgeoning problem of superannuation that will show whether the Treasurer is serious about fixing tax.

Contains: This article contains a video.

Lower tax dream feeds budget deficit

Ross Gittins 7:56AM

The sooner Malcolm Turnbull kills off the lower-taxes pipe dream, the better he'll be able to manage the nation's affairs.

Contains: total comments165

Victoria becomes Australia's fastest-growing non-mining state
Contains:
Let's beef up our relationship with Indonesia
Contains:
NSW: the half-trillion economy and falling behind
Contains:
Facts fall like ninepins in Senate tax inquiry
Contains: total comments33 This article contains a video.
Don't buy the China doom and gloom
Contains: total comments33

Retail

Banking & Finance

Trust Company settles Australian Capital Reserve class action

Australian one-hundred dollar banknotes are arranged for a photograph in Sydney, Australia, on Wednesday, April 17, 2013. Direct trading between the Australian dollar and yuan started on April 10. Photographer: Ian Waldie/Bloomberg

Sarah Danckert 5:46PM

Investors in a company run by property spruikers who later pleaded guilty to making misleading statements to receive payout

Contains:

Apps latest weapon in super wars

AustralianSuper says its new mobile app will help members track when their super is paid.

Sally Rose 12:10PM

The nation's largest industry superannuation fund, AustralianSuper, has warned errant employers its new mobile app will help members keep a closer eye on their contributions.

Contains:

Macquarie taps investors with $400m hybrid
Contains:
MLC discounts life policies
Contains:
Xero: the new bank middleman
Contains:
Banks eye mortgage growth with fixed-rate cuts
Contains:
Macquarie loses bid to dismiss Hertz spinoff lawsuit
Contains:

Mining & Resources

Indigenous group says Adani misled on mine jobs

Traditional owners claim Adani has misled the Native Title Tribunal over its Carmichael mine project. Illustration: Michael Mucci

1:03AM

Indian coal giant Adani misled a native title tribunal by making false claims about the economic benefits of its planned $16.5 billion Carmichael mine, an indigenous group says.

Contains: total comments9

Newcrest's Cadia mine resumes operating

Newcrest Mining has escaped from last month's sag mill failure without having to lower its full year guidance

Peter Ker 3:51PM

Newcrest Mining appears to have escaped from a mill failure at its biggest mine without having to lower its gold production guidance, after news on Monday that the mill has resumed operating.

Contains:

World Business

Pfizer to create world's largest drugmaker with $160 billion purchase of Allergan

A woman passes Pfizer's current world headquarters in New York. Pfizer and Allergan will join in a $US160 billion deal to create the world's largest drugmaker.

Ransdell Pierson and Ankur Banerjee 3:07AM

Pfizer on Monday said it would buy Botox maker Allergan in a record-breaking deal worth $US160 billion ($225.21 billion), designed to cut the company's US tax bill by moving its headquarters to Ireland.

Contains:

Let's beef up our relationship with Indonesia

Harold Mitchell

It's all too easy in times like these to think that the world is dominated and controlled by conflict and violence.

Contains:

Don't buy the China doom and gloom
Contains: total comments33
Giving back makes billionaire less popular
Contains:
Hot tech stock an IPO fizzer
Contains:
Dorsey's Square jumps in market debut
Contains:
Nike to split stock, plans $US12b buyback
Contains:

China

China's $1.65 trillion Ponzi problem

A street scene along Shanghai's Bund: Chinese borrowers are taking on record amounts of debt to pay interest on their existing debt, prompting the rise of zombie companies.

Chinese borrowers are taking on record amounts of debt to pay interest on their existing debt, prompting the rise of zombie companies.

Contains: total comments2

Biggest losers from a hard landing in China

Were China to sneeze, the world may well catch a cold.

Malcolm Scott

Any further slowdown in Chinese growth would be bad news for the likes of Australia and Brazil.

Contains:

Kidman holdings could head to the carvery
Contains: total comments9
Morrison blocks cattle station sale
Contains: total comments47
China economy faces downside risks: Xi
Contains:
Beijing Darwin port group's militia links to military
Contains:
'Genius' claims driving Chinese formula demand
Contains: total comments39 This article contains a video.
Supply is formula solution says Joyce
Contains: total comments6

Featured advertisers

Property Focus

How much Christmas will cost you

The last-minute dash, which is part of Australian tradition, will be maintained with 61 per cent of the Stockland survey respondents saying they will hit the shops on December 23 and additional 31 per cent expect to be rushing into retailers on Christmas Eve.

Carolyn Cummins 7:11AM

Stockland's Christmas survey has revealed how much NSW residents will splurge on gifts, food and drink.

Contains:

Crowne Plaza returns to Sydney CBD

Crowne Plaza will mark its return back into the Sydney CBD after a five-year absence with a 160 room, 4.5-star hotel on the corner of Sussex and Bathurst streets.

Carolyn Cummins

The 160-room luxury hotel will take advantage of the inflow of people to the Barangaroo precinct.

Contains:

Australian retailers lead the march in fashion

Proposed Martin Place upgrade will permit dining near the cenotaph for the first time. permission to use. Story?Anne Davies?

COS_View 1_Final_v3.jpg

Carolyn Cummins

City retailing is firmly in the spotlight with international brands competing head on with the local players as the jostle for space.

Contains:

To-date, the NSW Government has sold 39 properties in Millers Point, raising more than $92 million. Funds will be reinvested into the building of new social housing in the areas it is needed most.

Govt should make the most of what they have

Fitting out space for a free float
Contains:
Kidman holdings could head to carvery
Contains: total comments9
AV Jennings shrugs off over supply concerns
Contains:
Hotel development hits $500m
Contains:

Shopping Loyalty app aims to enable engagement to reward customers

Suburbs rise over the city for developments

Carolyn Cummins

The opening of the revamped Westfield Hurstville and the final stage of Stockland's Wetherill Park shopping centre and an improved office market in Parramatta, are further evidence that growth is happening outside of the Sydney central business district.

Contains:

Executive Style

A woman dressed in business attire looking up through the ceiling.

'Class ceiling' as hard to smash as glass

Louise Cooper

Woe betide if you're from the wrong side of the tracks - and a woman.

Contains:

Money

The billionaire's big mistake

Robert Holmes a Court was surrounded by legal advisers and he still died without a will.

Catherine Robson

When billionaire Robert Holmes a Court died aged 53, he overlooked something important. The result was devastating.

Contains:

When a double income becomes one

Families with a new baby often live on one income after the paid parental leave runs out.

Mark Bouris

Whether one partner needs time off for a baby or to deal with health problems, couples need to know how to survive on one income.

Contains:

Small Business

Companies forcing employees to become sham contractors beware

Max Newnham

Big business is getting an unfair advantage by "rechristening" employees as contractors.

Contains:

Rozibaby prams collapses

Cara Waters

A customised pram-making business with a cult following amongst parents has collapsed into liquidation.

Contains:

Business Video

Arnott's fine for misleading packaging

Arnott's has been fined $51,000 following the issue of five infringement notices by the Australian Competition and Consumer Commission relating to representations made by Arnott's about its Shapes Light & Crispy product.