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Woolies takes twice as long as Coles to pay suppliers

Woolworths' payment terms are much longer than those at Coles.

Sue Mitchell 6:47AM

Woolworths is planning to stretch out payments to its suppliers in an attempt to free up cash and improve working capital.

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Moves of 2 per cent, up or down, aren't exactly common and so far in 2016 the index has recorded three sessions of that size.

need2know: Positive lead from US

Timothy Moore 7:21AM

Local shares are poised to open higher on the Fed's tempered rate rise outlook. Jobs data ahead.

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The Australian dollar surged more than 1 cent after the US Federal Reserve kept interest rates on hold.

$A surges to US75.58¢ on Fed

Vanessa Desloires 7:04AM

The $A surged more than 1 per cent on Thursday, returning above US75¢ after the US Federal Reserve kept interest rates on hold.

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Why checking on shares is bad for you

Clancy Yeates 6:05AM

The constant stream of financial news may not be doing us many favours.

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Fed chair Janet Yellen is due to hold a news conference at 5.30am Sydney time.

Fed holds rates steady, hikes set to slow

5:36AM

The Federal Reserve held interest rates steady and slashes its projections for hikes in 2016.

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More coal mine jobs may be at risk from Peabody Energy's financial problems

Peabody on edge, Australian jobs at risk

Brian Robins 8:47AM

Thousands of Australian jobs are under threat with the largest privately owned coal miner in the world, Peabody Energy, warning overnight its financial survival was under a cloud.

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The banking regulator might require banks to hold more capital against housing investor loans, CLSA's Brian Johnson says.

Bank capital requirement 'may rise'

Clancy Yeates 12:15AM

A leading analyst has suggested the bank regulator might toughen its stance on how much capital banks must hold against investor home loans.

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Banking and Finance ASIC sends warning to insurers
Property Social media managers new star staff
Banking and Finance ME keen for another APRA profit boost
CBD Telstra brings in the big guns
Banking and Finance Australia catches fintech bug, but NZ a bigger user

Market Indices

Last updated: March 17, 2016 - 8:15AM

Currencies

United States Dollar
Last updated: Mar 17, 2016 - 8:27AM (delayed by 30 minutes)
0.7568	0.13%
Euro
0.6747	0.18%
British Pound
0.5310	0.19%

Comment & Analysis

Colin Kruger, CBD

Telstra brings in the big guns
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Clancy Yeates

Checking your shares is bad for you
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John McDuling

Meet Telstra's unusual choice to win the future
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Haagen-Dasz will be in Australian supermarkets by August.

Will Häagen-Dazs' second scoop prove a success?

Patrick Hatch 7:15AM

One of the world's most famous ice-creams melted last time it landed on our shores. Will it survive this time?

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In Depth

Hundreds of years of building falls

4:53PM

VIDEO Ahmed Fahour of Australia Post on the dramatic impact connectivity can have on traditional businesses.

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It's not about the share price

4:35PM

VIDEO BHP Billiton CEO Andrew Mackenzie says he focuses on running the business rather than speculating on the share price.

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Opportunities of technological change

2:13PM

VIDEO Robyn Elliott discusses how technological change within the media can bring challenges and opportunities.

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Workplace

19 reasons you might feel unloved at work

If you feel you're the last person to hear about major company developments, you can easily feel that you don't count.

Jacquelyn Smith

One of the biggest reasons people leave their jobs is because they feel unappreciated.

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What really happens to your CV when you apply for a job?

Christine Khor

Recruiters are flooded with applications for every job they advertise. How do they handle all those CVs?

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Markets

Wall St lifts on Fed outlook for US rates

The S&P 500 has risen 11 per cent since its February low, trimming its 2016 drop to less than 1 per cent.

Dani Burger, Oliver Renick and Anna-Louise Jackson 7:19AM

The Standard & Poor's 500 Index closed at its highest level this year as the Federal Reserve signalled a slower pace of interest-rate increases.

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Oil lifts as plans firm for output meeting

Members of the Organisation of Petroleum Exporting Countries and some other producers plan to meet on April 17 in Doha ...

Mark Shenk 6:12AM

Oil rose as some OPEC members planned to meet with other producers in April to resume talks on capping output.

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Peabody may file for bankruptcy

Money manager Franklin Resources has pressed Peabody to restructure its $US6.3 billion debt in court.

Tim Loh, Jodi Xu Klein and Sridhar Natarajan 3:23AM

Peabody Energy, the largest US coal miner, said it may not be financially strong enough to remain in business in its current form.

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Deutsche Boerse, LSE agree to merge
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Board spill for Bionomics as investors revolt
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ASX steady ahead of US rates decision
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Sub-zero rates bring more currency swings
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Iron ore slides for sixth day
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US Fed's 'dots' argue against rate hikes
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Cashing in on the tourism boom
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Markets Live: On tenterhooks
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The Federal Open Market Committee of the US Federal Reserve will vote in September on whether to raise US interest rates.

Emerging market currency support curbs bonds

Search Quotes & Charts

The Economy

Turnbull's first budget will be great, seriously

Peter Martin 12:00AM

The Prime Minister is prepared to make the most of unusually low interest rates by spending up big on projects that will pay dividends.

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Turnbull comes to blows with big business

The Prime Minister told Parliament he was not a theorist in the area of competition.

Elizabeth Knight 7:32PM

The Goliaths of big business have sustained a damaging loss against the small business Davids thanks to the Turnbull government's decision to beef up competition laws.

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ATO faces resistance in push to reduce scrutiny
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Government revisits plans for unpopular 'backpacker tax'
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What NZ says about your home loan
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$A falls after RBA's subtle shift
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Michael Pascoe Hawke's words come back to bite Shorten
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Retail

Second time lucky for Haagen-Dazs?

Patrick Hatch 7:15AM

One of the world's most famous ice-creams melted last time it landed on our shores. Will it survive this time?

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Coles boss takes on Turnbull

Wesfarmers chief Richard Goyder has signalled he is ready for a fight over competition laws.

Catie Low 6:31PM

Defiant Wesfarmers will not alter 'aggressive' approach after law change.

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The government will proceed with reforms and consider feedback on how they are working in 18 months rather than wait for the Productivity Commission to recommend the best way to improve the default superannuation market.

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FSC's Loane regrets bungled claims

"People have been let down and trust has been damaged. I deeply regret this has happened": Financial Services Council ...

Ruth Liew 2:17PM

The peak body for life insurers admits consumers have been let down and their trust shattered following recent scandals around claims mishandling.

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Non-profit super funds must embrace fintech
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What NZ says about your home loan
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Banks pressured to share customer data
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Mining & Resources

Oil lifts as plans firm for output meeting

Mark Shenk 6:12AM

Oil rose as some OPEC members planned to meet with other producers in April to resume talks on capping output.

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Peabody may file for bankruptcy

Tim Loh, Jodi Xu Klein and Sridhar Natarajan 3:23AM

Peabody Energy, the largest US coal miner, said it may not be financially strong enough to remain in business in its current form.

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World Business

BOJ's Kuroda holds fire on stimulus

"You can see from the statement the agony for the BOJ in the gap between their hopes and the realities in the economy ...

Toru Fujioka and Masahiro Hidaka

The Bank of Japan refrained from bolstering its record monetary stimulus as policy makers gauge the impact of the negative interest-rate strategy they adopted in January.

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Ex-employee accuses VW of destroying evidence

VW has said previously it was considering buybacks as part of a settlement, a move that could cost it billions.

A fired Volkswagen Group of America employee has filed a whistleblower lawsuit against the German automaker, accusing it of deleting documents and obstructing justice in the ongoing diesel emissions investigations.

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Radical economic theory winning friends
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How Google is banking on Artificial Intelligence
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South Sudan forces raped and killed civilians, UN report says
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GM buys self-driving car startup
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Meet the megabillionaire in hand-me-downs
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China

China eyeing 'Tobin Tax' on currency trades

Sources say China's central bank has drafted rules for a tax on foreign-exchange transactions to help curb currency speculation

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China wants migrant workers to end housing glut

Residential buildings for sale in Shijiazhuang, capital of north Chinaâs Hebei Province, last month.

Owen Guo

Migrant workers are the unsung heroes of China's economic miracle. Now, as China's economy slows, the country's leaders have a new mission for them: Buy homes.

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Inside China's $445b startup splurge
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'It's another shocker': China exports slump
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China's long view an opportunity for Australia
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China bets on growth to dull reform pain
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How to fly like an Asian tycoon
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Moody's warns China's credit rating could fall
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Featured advertisers

Property Focus

Big impact awaited from new standards

Leases will become a key feature on company balance sheets by 2019, creating a significant administrative burden.

Simon Johanson

New accounting standards are likely to affect how real estate deals are structured, experts say.

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Shop sales show strong start to year

607 Station Street in Box Hill sold for $3.15 million under the hammer.

Simon Johanson

Small suburban stores continue to attract investors in 2016.

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Investa manager rejects DEXUS offer

If successful, DEXUS will increase its share of the national office market to about 7.4 per cent from 2.6 per cent in ...

Carolyn Cummins

The $2.5 billion DEXUS Property takeover stoush for the listed Investa Office Fund is undervalued and should be rejected, according to the fund's current manager.

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Munich, Germany, is one of the 42 cities on the fund's investment list.

TH Real Estate launches European Cities Fund

Millennials wary of negative gearing
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Offshore money targets childcare centres
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Cargo Bar owners call last drinks
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Suburban offices gets short shrift as apartments shine
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The battle for Investa Office Fund will mean a shake-up in the ownership of the office market.

Investa Office Fund battle intensifies

Chatswood riding high on new leases

Carolyn Cummins

Residential developments from office conversion, infrastructure upgrades and the new metro rail project are creating a perfect storm of demand for commercial space in Sydney's northern suburbs.

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Executive Style

Welcome on board: the chances of an early call-up are stronger than ever.

How do I get on a board by 40?

Sylvia Pennington

Smart work in your 20s and 30s can set up a seat at the big table.

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Money

Can Gen Y ever get ahead?

Gen Y uni student Kendall Sutton is looking at graduating in his early 30s with an $80,000 student debt.

Sylvia Pennington

Kendall Sutton is a typical member of Gen Y. He'll start his career late, with a huge student debt and won't be able to buy his own home or start a family until his 30s.

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