Business News, Economy, Finance & ASX Market News

Stock Ticker

Movers

Key Stories

Rio's new boss brings another touch of class

Rio Tinto incoming chief executive officer Jean Sebastian Jacques.

James Thomson 11:45PM

Rio Tinto has shown its class with the appointment of its new chief executive.

Contains:

Adele Ferguson has been named Australian Journalist of the Year and been awarded the Melbourne Press Club's Gold Quill.

Ferguson wins Journalist of the Year

11:42PM

Investigative star leads swag of wins for BusinessDay at the Melbourne Press Club's Quill Awards.

Contains:

Limits to hairy-chested brinkmanship

Michael Pascoe 12:15AM

A year or two down the track, deep in legal bills and reputational damage, ASIC and the ANZ bank might both wonder why they didn't settle their case over attempted rate rigging.

Contains: total comments1 This article contains a video.

Departing Foxtel CEO Richard Freudensteinplayed a key role in the renewal of its blockbuster sports rights deals with ...

Telstra on Foxtel: Get me outta here

Dominic White 5:32PM

As streaming services eat into pay TV, Telstra is looking to sell it stake in Foxtel.

Contains:

Peter Costello argues the Future Fund has exceeded its growth targets.

Memo to critics: Australia is not Alaska

Peter Costello 12:15AM

In defence of the Future Fund carrying $23 billion in cash.

Contains: This article contains a video.

One of the key sticking points in the industry is the controversial in-play betting system.

Online giants rally against live betting ban

Perry Williams 11:45PM

Australia's foreign-owned online corporate bookmakers have rallied against a federal government plan to close a controversial loophole.

Contains:

Plant a tree and stop having babies

Harold Mitchell 12:15AM

We all need to ask what we're prepared to give up for the sake of others.

Contains:

Energy LNG exporters face overhaul in key Japanese market
Business CommInsure pay under scrutiny
Markets ASX inches up as Fed-fuelled rally fades
Media & Marketing Nine keeps options open with Southern Cross swoop
The Economy Housing sector not the only risk: RBA

Market Indices

Last updated: March 19, 2016 - 8:15AM

Currencies

United States Dollar
Last updated: Mar 19, 2016 - 8:11AM (delayed by 30 minutes)
0.7608	-0.64%
Euro
0.6753	0.00%
British Pound
0.5255	-0.02%

Comment & Analysis

Michael Pascoe

ASIC, ANZ and hairy-chested brinkmanship
Contains: total comments1 This article contains a video.

Harold Mitchell

Plant a tree and stop having babies
Contains:

Elizabeth Knight

Myer's overhaul gains traction
Contains: This article contains a video.

Jessica Watson never thought she was rolling the dice with her life.

Conquering the world at 16

Elizabeth Knight

Jessica Watson – the girl who at 16 sailed solo around the world – doesn't view her extraordinary voyage as the biggest risk she has taken.

Contains: total comments11 This article contains a video.

In Depth

Why you shouldn't buy that Picasso

Engagement ring demand is still "rock solid", but the anti-extravagance movement in China has had a "strong effect on ...

2:33PM

You'd have thought negative interest rates would fuel a boom in diamonds, antiques and fine wine. But you'd be wrong.

Contains:

'Treated like a criminal'

Insurers claim fraud costs the industry more than $2 billion each year, lifting premiums for honest policyholders.

Esther Han

When her car was stolen and she lodged a claim on her insurance policy, Nina thought it would be a smooth process. She was wrong.

Contains: This article contains a video.

The curse of the mining CEO

New Rio Tinto chief executive officer Jean Sebastian Jacques.

David Fickling

Is Rio Tinto's big move a sign that a major commodity is about to tank?

Contains: This article contains a video.

Workplace

Companies wake up to sleep benefits

Lack of sleep inhibits creativity, learning, problem-solving and a person's ability to trust others.

Napping at work is gaining favour as workplaces become more aware of the benefits of sleep.

Contains:

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.

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

Contains:

Markets

S&P; 500 erases 2016 losses

Stocks capped a fifth weekly advance, with the S&P 500 rebounding 12 per cent from a February 11 low.

Anna-Louise Jackson 7:18AM

US stocks rose in the wake of a dovish Federal Reserve that helped the gauge post its longest weekly winning streak since November.

Contains:

Oil retreats on greenback, rig count

US oil may rise to $US47 by June, Bank of America Merrill Lynch said in a note to clients Friday.

Mark Shenk 6:35AM

Oil fell from a three-month high as the greenback climbed, curbing investor appetite for commodities.

Contains:

Lagarde sees positives in negative rates

"If we had not had those negative rates, we would be in a much worse place today, with inflation probably lower than ...

John Boudreau and K. Oanh Ha 4:28AM

The world economy would be worse off without negative interest rates, according to International Monetary Fund managing director Christine Lagarde.

Contains:

UBS lifts bonus pool by 14% in 2015
Contains:
Euro lower as Praet flags potential rate cuts
Contains:
Markets Live: Dollar races to US77c
Contains: total comments172
Why Canada is dumping its gold
Contains:
need2know: ASX to get commodities lift
Contains: This article contains a video.
$A surges as greenback sinks on US rate path
Contains: This article contains a video.
Market darlings in crosshairs
Contains: This article contains a video.
Bank of England retains bias to higher rates
Contains:

Andrew Mackenzie says BHP Billiton didn't see crash coming, why not?

How did miners not see it coming?

Search Quotes & Charts

The Economy

Billionaire sees house price bubble danger

Simon Evans 4:51PM

Billionaire Solomon Lew says there is some danger for property buyers in the sharp rise in house prices, but that record-low interest rates are unequivocally good for businesses.

Contains: This article contains a video.

Superannuation: ready, fire, aim!

Michael Pascoe 10:12AM

The government is paying a price for its own tardiness.

Contains: total comments77 This article contains a video.

Risk Room Conquering the world at 16
Contains: total comments11 This article contains a video.
ATO is 'too big to fail'
Contains:
Turnbull's first budget will be great, seriously
Contains: total comments189 This article contains a video.
Elizabeth Knight Turnbull comes to blows with big business
Contains: total comments2 This article contains a video.

Retail

Domino's serves up pizza delivery robot

The droid could spell the beginning of the end of the pizza delivery boy.

11:13AM

Domino's Australia has turned a military robot into a pizza delivery droid.

Contains:

Market darlings in crosshairs

Cincotta Discount Chemist have posted notes infront of limited stocks of Bellamys Organic Baby formula in the store ...

Adam Haigh 10:01AM

After their stock prices surged more than 500 per cent last year, hedge funds are now targeting Bellamy's and Blackmores.

Contains: This article contains a video.

Banking & Finance

UBS lifts bonus pool by 14% in 2015

The bonus pool swelled to 3.5 billion Swiss francs from 3.06 billion francs, the Zurich-based bank said in its annual ...

Jeffrey V??geli and Ambereen Choudhury 3:18AM

UBS Group raised its bonus pool by 14 per cent in 2015, leaving it the only major European lender to award bankers with higher compensation.

Contains:

Aussie banks top the global profit pile

The major banks have enjoyed big falls in funding costs until recently, but have still raised interest rates.

Shaun Drummond 2:18PM

Australia's major banks have cemented their place as the most profitable in the world after raising interest rates despite ongoing declines in their cost of funding.

Contains: This article contains a video.

'Treated like a criminal': Fraud investigators cross line
Contains: This article contains a video.
Goldman seen hit by Wall St's weak quarter
Contains:
Printer error foiled billion-dollar bank heist
Contains:
ASIC promise 'thorough' CommInsure investigation
Contains: total comments4 This article contains a video.
ASIC sends warning to insurers
Contains: This article contains a video.

Mining & Resources

Oil retreats on greenback, rig count

Mark Shenk 6:35AM

Oil fell from a three-month high as the greenback climbed, curbing investor appetite for commodities.

Contains:

AWE names Cue Energy's Biggs as new CEO

New chief executive David Biggs sees the potential to add value to AWE's assets, which include a gas venture in the ...

Angela Macdonald-Smith 5:26PM

Mid-cap oil and gas player AWE has named David Biggs, the current head of explorer Cue Energy, as its new chief executive, replacing Bruce Clement who advised in October that he would step down.

Contains:

Michael Goguen, partner at a venture capital firm backing Apple and Google, and exotic dancer Amber Baptiste met at a Dallas strip club in the early 2000s and started spending time together. That's about all they agree on.

Contains: total comments8

'Apple helped me crack iPhones like clockwork'

A New York judge has set a precedent in the US government's pursuit of iPhone encryption details from Apple.

Christie Smythe

For years, cops who wanted to break into iPhones knew the drill. What's different in Apple's standoff with the US government this time?

Contains: total comments2 This article contains a video.

BOJ's Kuroda holds fire on stimulus
Contains:
Ex-employee accuses VW of destroying evidence
Contains:
Radical economic theory winning friends
Contains: This article contains a video.
How Google is banking on Artificial Intelligence
Contains:
South Sudan forces raped and killed civilians, UN report says
Contains:

China

Why you shouldn't buy that Picasso

Rani Molla and Andrea Felsted 2:33PM

You'd have thought negative interest rates would fuel a boom in diamonds, antiques and fine wine. But you'd be wrong.

Contains:

China starting to looking like 19th Century US

The US historical parallel is unlikely to surprise China's history-obsessed leaders.

Enda Curran

China's shift from super-charged economic growth to a more moderate pace has drawn plenty of comparisons, most often with Japan. But there's another, less obvious historical model: late-19th century America.

Contains:

China eyeing 'Tobin Tax' on currency trades
Contains: total comments1
China wants migrant workers to end housing glut
Contains:
Inside China's $445b startup splurge
Contains:
'It's another shocker': China exports slump
Contains:
China's long view an opportunity for Australia
Contains:
China bets on growth to dull reform pain
Contains:

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.

Contains:

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.

Contains:

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.

Contains:

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
Contains: total comments121 This article contains a video.
Offshore money targets childcare centres
Contains:
Cargo Bar owners call last drinks
Contains: total comments5 This article contains a video.
Suburban offices gets short shrift as apartments shine
Contains:

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.

Contains:

Executive Style

Exclusive introduction agencies are matching couples with cash to splash.

Super-rich who are flying for a date

Alix O'Neill

Distance is no barrier to the jetset looking for love through exclusive matchmakers.

Contains:

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.

Contains: total comments119

Don't buy what your planner is selling

There are decent stockbrokers, insurance brokers and financial planners out there, but the rest – the bulk of them – are ...

Scott Phillips

There's something rotten in financial services, and it's deeper, wider and more rotten than a single bank and its insurance business.

Contains:

Small Business

Big win on effects test

Prime Minister Malcolm Turnbull announces cabinet's approval of the effects test with Treasurer Scott Morrison and Small ...

Cara Waters

Cabinet's approval of an effects test is set to transform competition law for small business.

Contains: total comments4

Cash-only is the new black

Tony Featherstone

It's gone way beyond tradies, restaurants and service enterprises that offer generous "discounts" for cash payment.

Contains: total comments61

Business Video

Replay Video Icon

Player help icon

Brexit 'a better deal for the people'

London mayor Boris Johnson announces in February his support for the campaign for the UK to leave the European Union, pitting him against Prime Minister David Cameron.