Banks cause ASX a week of pain
![The jump in banks' soured loans is not as scary as the market reaction suggests.](/web/20160401064009im_/http://www.smh.com.au/content/dam/images/g/n/u/9/o/6/image.related.thumbnail.192x128.gnw9md.12uo4t.png/1459491564932.jpg)
Bank stocks pummeled the ASX this week, pulling the market below 5000 points on Friday, despite dovish noises from the US Fed and reasonably performing miners.
When restaurateur entrepreneur Bill Granger plunged into London market with his cosy but successful Australian business Bills, he put both his finances and reputation on the line.
Not all innovation is about technology, start-ups and new-to-world products, says the head of business banking at CBA.
It's the only nation that put top finance chiefs behind bars after the GFC, making bankers answer for the crimes of the crash.
April 1st has some of the world's biggest companies make the biggest announcements. All of them true, of course. Totally.
Almost half of all fast-food outlets audited by Australia's workplace watchdog are underpaying their staff.
Two disruptive food delivery companies accused of putting bicycle delivery workers on sham contracts.
Aconex topped the sellers' tally this week, taking recent disposals by directors to about $21 million.
Gold has just enjoyed its best quarter since 1986, with global economic worries sending investors rushing for a safe haven store of value, and there may be more upside to come.
Plunging banks consigned the ASX to a poor weak, while the Aussie hovers at US77c.
Just as China's ascent helped reshape our economy, its move toward a consumer-led economy is challenging us anew.
Australian home prices rose only marginally in March while annual growth braked to its slowest in 31 months.
April 1st has some of the world's biggest companies make the biggest announcements. All of them true, of course. Totally.
Low vacancy rates mean businesses are desperate for a toehold, and landlords are looking for new ways to slice up their investment.
Not all innovation is about technology, fintech start-ups and new-to-world products, says the head of business banking at Commonwealth Bank of Australia, Adam Bennett.
Suncorp Group chief information officer Matt Pancino has resigned from the $15.3 billion bancassurer less than two months after he was appointed to the group's top technology role.
The failure of proponents of a coal mine in the Special Areas to take into account the effect of an expansion on the endangered giant dragonfly species may have sealed the fate of 120-year-old mine.
Flinders Mines chairman Robert Kennedy says Todd Corporation's $38 million takeover offer undervalues the company by at least $26.9 million.
It sounded too good to be true: Global pharma behemoth Pfizer putting an end to rising drug prices. Turns out it wasn't.
China's Anbang Insurance is walking away from its proposed takeover of Starwood Hotels, the operator of Sheraton and Westin hotels, a source says.
Just as China's ascent helped reshape our economy, its move toward a consumer-led economy is challenging us anew.
The Australian food businesses owned by China's Bright Foods, which combined generate $620 million in revenue, are likely to be packaged up and listed on the Hong Kong Stock Exchange in 2017.
There is a new tenant in town, that will soon overtake the traditional banks and financial services, and create a new feel and vibe in capital cities.
The battle for the listed Investa Office Fund may have entered its final stages, but in the latest twist the current manager has appointed James Spigelman to advise it on corporate governance arrangements.
James Packer's Crown Resorts has warned the NSW government that if it is forced to shrink the size of the podium on its proposed $1.2 billion Barangaroo casino resort.
Spending power in capital cities is rising at a rapid rate as the population of residents and office workers expands.
New breed of low alcohol beers are finally competitive for taste and enjoyment.
Reducing the company tax rate will increase the income tax payable by resident investors.
The payday for winning the Stawell Gift footrace is impressive for a 15-year-old – but even more than you think.
The number of successful people who think "I worked hard and made it" implies "you will make it if you just work hard enough" is astounding.
From the ashes of a failed video game start-up to the world's fastest-growing business application ever, why Slack is targeting Australia.
Chinese tourists want Australian products, but why do they insist on buying them in person?
Comment & Analysis
Ditching Oxo a winner for Clarke
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Major concerns over corporate corruption
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The main problem: it is the wrong tax reform
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