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7-Eleven victims 'scared' about future

Pranay Alawala risked deportation to come forward about 7-Eleven's 'half-pay' scam.

Adele Ferguson and Sarah Danckert 5:38PM

Those who have lodged claims against the retailer fear their identities will be exposed.

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Prime Minister Malcolm Turnbull in Penrith on Wednesday Photo: Andrew Meares

How Turnbull found riches in Siberia

Peter Ker and Brian Robins 4:23PM

It was classic Malcolm Turnbull during the 1980s and 1990s, when he made a motza cutting in and out of sharemarket situations.

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ASX. Inside the foyer of The Australian Stock Exchange and a day when the all ordinaries took a plunge. Here a man ...

Soft financials end ASX winning streak

Stephen Cauchi 6:01PM

Australian shares snapped a five-day winning streak due to a disappointing AMP trading update and Westpac trading ex-dividend.

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More super changes to come

Michael Pascoe 2:50PM

No matter who wins the election, there is bound to be more tinkering with our $2 trillion super system.

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China's commodities futures frenzy has roots in economic fundamentals, analysts say.

Is this the shortest bubble of all time?

Vanessa Desloires 5:04PM

Blink, and you'll miss it: The latest frenzy among Chinese investors has been betting on recovery by trading commodities futures, but it could already be over.

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NAB is cutting its lending to foreign property investors.

NAB joins foreign investor crackdown

Clancy Yeates 2:35PM

National Australia Bank is clamping down on mortgage lending to foreign buyers of Australian property, joining other banks in requiring these customers to stump up bigger deposits.

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'This is exploitation on an industrial scale', according to Opposition Leader Bill Shorten.

7-Eleven takes 'disturbing twist': Shorten

Adele Ferguson and Sarah Danckert 12:56PM

7-Eleven scandal has taken a 'new and disturbing twist' following the sacking of the independent panel.

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Retail Opinion Myer's revival gaining traction
Banking and Finance Xero pushes back US listing plans
The Economy Panama Papers: Turnbull is not a criminal
Business ATO steps into Arrium mess
Business Packer's costly $100m Nobu bill

Market Indices

Last updated: May 12, 2016 - 8:26PM

Currencies

United States Dollar
Last updated: May 12, 2016 - 8:11PM (delayed by 30 minutes)
0.7344	-0.49%
Euro
0.6438	-0.33%
British Pound
0.5085	-0.47%

Comment & Analysis

Colin Kruger, CBD

Umber's Myer plan restocks the stock
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Malcolm Maiden

BHP's plan isn't new, but it could work
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Elizabeth Knight

Rate cuts - the only thing that matters
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A receptionist in the UK claims to have been sent home from her temporary job for refusing to wear high heels.

'We only have women in heels at reception'

Nicola Harley and Charlotte Lytton 10:15AM

Anger at 'discriminatory' office dress codes after receptionist is sent home for insisting on flat shoes.

Contains: total comments125 This article contains a video.

In Depth

Pigs can fly for Chinese billionaires

Pigs at a farm in Jiaxing, Zhejiang Province, China.

Hannah Yuan 3:30PM

China breeds more pigs and eats more pork than anywhere else on the planet, and it shows in these new tycoons' bank accounts.

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Google to ban payday loan ads

Google is responsible for the comments it links to from search results, a court has found.

12:42PM

The search site will ban all payday loan ads from its site amid concerns the lending practice exploits the poor and vulnerable.

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Australia can invest in the new China

VIDEO: Milk and vitamins aren't the only opportunities for Australians looking for investment opportunities in China.

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Workplace

7 qualities every excellent manager has

Good managers are great leaders and high achievers, but the best managers? They like unique qualities about the company ...

Maren Hogan

The best employers know the qualities that make great managers - and those that spell disaster.

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The people who work more hours than a CEO

Karelle Leroy with her six-week-old daughter and four-year-old son.

Karelle Leroy soldiers on when she is unwell because she needs her 10 annual sick days to care for her kids when they're ill.

Contains: total comments63 This article contains a video.

Markets

Eye-in-the-sky floats towards the ASX

Global Traffic Network is looking to list on June 1.

Max Mason 8:24PM

Global Traffic Network will be worth $283 million when it lists on June 1.

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Gold at the mercy of the greenback

It's a tricky business picking what drives the price of gold.

Jessica Sier 5:00PM

Gold has made an astonishing comeback this year, and most of the rally is due to weakness in the US dollar, says S&P; Dow Jones Indices' global head of commodities.

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Markets Live: Myer jumps, AMP dives

A record low of 2.7 per cent in annual growth in wages played on the Australian sharemarket on Thursday.

Patrick Commins and Jens Meyer 4:56PM Live

Banks lead ASX lower amid some mixed earnings updates.

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Bonds' allure helps arrest $A decline
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Sugar spikes higher as volatility surges
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Greenback lower as commodity currencies lift
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need2know: Wall St stumbles on retailers
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Dow sheds 1.2pc as Macy's disappoints
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Oil leaps higher on unexpected US inventory drawdown
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Vale may sell $US10b of its best assets
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Aussie companies world's biggest cash hoarders
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The benchmark S&P/ASX200 lifted 1.2 per cent to 4987.4 on Wednesday.

BHP keeps ASX rally on track

Search Quotes & Charts

The Economy

Australians may face criminal charges: ATO

ATO Deputy Commissioner Michael Cranston says the agency has shared its intelligence with AUSTRAC and the police.

Nassim Khadem 12:08AM

The ATO is investigating more Australians identified in the Panama Papers, particularly those which have curious tax structures in Hong Kong.

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Retrospective claims a super furphy

Peter Martin 9:46PM

Those hikes in cigarette taxes... they're retrospective. Really.

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Rate cuts - the only thing that matters
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Rate cut buoys consumer spirits
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'Miracle' needed as central banks lose firepower
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Local companies, rich-listers in Panama Papers
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Panama Papers' suburban puzzle
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Retail

Coles' petrol pricing under ACCC scrutiny

Sue Mitchell 5:25PM

The Australian Competition and Consumer Commission is watching petrol prices at Coles Express amid claims the retailer is subsidising grocery discounts by charging higher prices at the pump.

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Are Coles' petrol prices subsidising grocery discounts?

Industry sources believe Coles is subsidising grocery discounts by charging higher prices at the petrol pump.

Sue Mitchell 3:58PM

Industry sources believe Coles has been charging a premium for petrol for at least six months to fund investment in lower grocery prices.

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Banking & Finance

No answers from AMP on McKeon's exit

Simon McKeon was appointed chancellor of Monash University in 2015.

Sally Rose 7:53PM

AMP, an advocate for improved corporate disclosures, has refused to shed any light on the shock departure of its own chairman Simon McKeon.

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Google to ban payday loan advertisements

Andrea Peterson and Jonnelle Marte 12:42PM

The search site will ban all payday loan ads from its site amid concerns the lending practice exploits the poor and vulnerable via loans with sky-high interest rates.

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ANZ plans more job cuts in institutional banking
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Four takeaways from the big four earnings
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Mining & Resources

Exxon refines a growth story at Altona

ExxonMobil's Altona Refinery is defying the challenges and will grow production by close to 13 per cent.

Peter Ker 5:53PM

ExxonMobil's Altona refinery is set to grow fuel production in a move that bucks the trend for Australian refineries

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Ausnet dividend guidance disappoints

AusNet's dividend guidance is softer than some analysts expected.

Angela Macdonald-Smith 1:50PM

AusNet Services has forecast a modest lift in its dividend after boosting its adjusted full-year profit 20 per cent.

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World Business

Nissan said to buy a third of Mitsubishi

Mitsubishi admitted it overstated the fuel economy of four domestic mini-vehicle models in April.

John Lippert, Ed Hammond and Vinicy Chan 9:22AM

(Nissan Motor Co. is seeking a 33 percent stake in Mitsubishi Motors Corp., which has been battered by its fuel emissions-test scandal, said people familiar with the matter.

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Australians may face criminal charges: ATO

Nassim Khadem 12:08AM

The ATO is investigating more Australians identified in the Panama Papers, particularly those which have curious tax structures in Hong Kong.

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Toast won't brown? Blame the bureaucrats
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Local companies, rich-listers in Panama Papers
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Reserve Bank has got it right on rates
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How Elon Musk wins big by falling short
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Facebook 'routinely suppresses' news: report
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Consumer Affairs

'I just couldn't bear it': Mum's Thermomix accident agony

Lucy Cormack 2:51PM

Helen Kerry purchased a Thermomix last year to "make life easier." That's not how it turned out.

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Australia Post sending parcels on scenic route

Australia Post Sydney parcel facility at Chullora.

Lucy Battersby

Complaints are mounting about Australia Post's new two-speed delivery service and an automatic system that sends parcels thousands of kilometers in the wrong direction.

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How car hire ruined a holiday
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The truth about tradies' salaries
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The 716 rules blocking driverless cars
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The decision that saved Mathias 'hundreds of thousands'
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Why your flowers never arrived
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Who's fuelling the bottled water boom?
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Property Focus

Wealthy hold property in offshore tax havens

Kador Group owns 500 Collins Street through an offshore company in the British Virgin Islands.

Simon Johanson

Scores of city buildings and Australian properties are owned by corporations registered in Bermuda, the British Virgin Islands and other tax havens.

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Gary Morgan's property fight ends in stalemate

Pollster Gary Morgan in front of his offices at 401 Collins Street.

Simon Johanson

A bitter stoush between veteran pollster Gary Morgan and his landlord, a property syndicator backed by the wealthy Liberman family, has ended in a stalemate.

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