Lion to be toppled as king of Australia's beer jungle
The ACCC has given the green light to the Australian leg of the $145 billion global beer mega-merger between Anheuser-Busch InBev and SABMiller.
Stock Ticker
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- AIO ASCIANO LIMITED 0.22%
- AMC AMCOR LIMITED -0.60%
- AMP AMP LIMITED -0.34%
- ANZ AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED 1.32%
- APA APA GROUP -1.53%
- ASX ASX LIMITED -0.52%
- AZJ AURIZON HOLDINGS LIMITED 0.46%
- BHP BHP BILLITON LIMITED -2.42%
- BXB BRAMBLES LIMITED 0.83%
- CBA COMMONWEALTH BANK OF AUSTRALIA. 0.04%
- CCL COCA-COLA AMATIL LIMITED -0.58%
- CPU COMPUTERSHARE LIMITED. 0.00%
- CSL CSL LIMITED -1.67%
- CTX CALTEX AUSTRALIA LIMITED 1.44%
- DXS DEXUS PROPERTY GROUP -0.70%
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- IPL INCITEC PIVOT LIMITED -0.67%
- JHX JAMES HARDIE INDUSTRIES PLC -1.80%
- LLC LENDLEASE GROUP -0.19%
- MGR MIRVAC GROUP 0.00%
- MPL MEDIBANK PRIVATE LIMITED 0.62%
- MQG MACQUARIE GROUP LIMITED 1.78%
- NAB NATIONAL AUSTRALIA BANK LIMITED 2.71%
- NCM NEWCREST MINING LIMITED -0.37%
- ORG ORIGIN ENERGY LIMITED 3.05%
- ORI ORICA LIMITED -1.30%
- OSH OIL SEARCH LIMITED -0.07%
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- TLS TELSTRA CORPORATION LIMITED. -0.27%
- VCX VICINITY CENTRES -0.44%
- WBC WESTPAC BANKING CORPORATION 0.40%
- WES WESFARMERS LIMITED -1.26%
- WFD WESTFIELD CORPORATION -0.05%
- WOW WOOLWORTHS LIMITED 1.26%
- WPL WOODSIDE PETROLEUM LIMITED 0.55%
Key Stories
Markets Live: NAB sparks some cheer
Live
NAB results get a thumbs up from investors, who otherwise remain cautious.
Retail spending up 0.4% to $25b
Spending in the food category was firmer in March but department store sales fell.
Fonterra slashes farm gate milk price
Fonterra has slashed the price it pays farmers for its milk, a week after Australia's biggest milk processor, Murray Goulburn, cut farmer payouts following a steep profit downgrade.
Rio Tinto caps Australian iron ore output
Mining giant says it has no plans to expand its local iron ore production beyond 360 million tonnes and has defended plans to build a copper mine on Native American lands
Why New Zealand's cows are hurting NAB
Australia's banks might have ridden on the sheep's back, but they are now getting trodden on by New Zealand's cows.
Battered Aussie tipped to steady
Despite the dollar's drastic slide this week, economists see a range of factors keeping the currency at current levels this quarter.
- Banking and Finance NAB makes $3.3b profit as bad debts fall
- Markets The solution to the millennial jobs crisis
- Energy Caltex squeezed by lower oil margins
- Retail Super Retail flags $43m overhaul costs
- World Europe to scrap 'bin Laden' bank note
Market Indices
Last updated: May 5, 2016 - 12:32PM
Last updated: May 5, 2016 - 12:32PM
Last updated: May 5, 2016 - 12:32PM
Last updated: May 5, 2016 - 12:32PM
Google employee causes a stir with spreadsheet
Visible diversity efforts are coming from women in Silicon Valley as tech companies grapple with criticism over the make-up of their workforces.
In Depth
Tesla speeds up Model 3 production
Tesla Motors says its production is on track this year and it will produce half a million cars in 2018.
Robots may soon manage your super
Money managers around the world are starting to fear the machine, an international survey shows. Will computers replace them?
Adidas tees up golf business for sale
Adidas says it will actively seek a buyer for its TaylorMade, Adams and Ashworth brands and will instead focus on golf footwear and apparel sales.
Workplace
'Mumpreneur' an option of last resort for most
Working at home is not all it is cracked up to be.
$1000 intern scheme worthy but open to exploitation
On the face of it, the government's internship program is likley to be popular. But there are risks.
Markets
Raw sugar surges amid falling output in India
Raw-sugar futures climbed to the highest in more than 18 months as Asian dryness heightens concern that supplies will trail demand.
Oil advances late despite rising US stockpile
Oil was little changed after swinging between losses after the government reported US crude inventories jumped last week.
Druckenmiller opts for gold over equities
Stan Druckenmiller, the billionaire investor, said the bull market in stocks has "exhausted itself" and that gold is his largest currency allocation.
Air NZ looks to dump Virgin Australia quickly
Search Quotes & Charts
The Economy
Tax Office needs to be 'monitored': inquiry
The Australian Taxation Office will continue to face the same level of scrutiny, despite its attempts to have less oversight.
RBA cuts cash rate to fight deflation
The Reserve Bank of Australia on Tuesday cut the cash rate to a record low of 1.75Â per cent in a bid to head off falling prices and an economic downturn.
Banking & Finance
Will robots manage your super?
Money managers around the world are starting to fear the machine, an international survey shows. Will computers replace them?
Credit Suisse cuts more jobs in London
Credit Suisse Group is carrying out a fresh round of job cuts in London, shrinking its workforce by about 180 employees this week.
Mining & Resources
Krzywosinski to hand over reins at Chevron Australia
Chevron's long-standing head in Australia Roy Krzywosinski handing over British-born Nigel Hearne, as first revealed by Street Talk.
Shell quarterly profit falls 58% to $US1.6b
Royal Dutch Shell's first-quarter profit beat analyst estimates as better than expected earnings from oil refining and chemicals production countered crude prices at a 12-year low.
World Business
Adidas tees up golf business for sale
Adidas says it will actively seek a buyer for its TaylorMade, Adams and Ashworth brands and will instead focus on golf footwear and apparel sales.
Tesla speeds up 500,000 unit production plan
Tesla Motors says its production is on track this year and it will produce half a million cars in 2018.
Consumer Affairs
Supermarkets full of fake imported extra virgin olive oil
''It's like buying a Rolls Royce and finding a V-Dub engine in it.''
Dick Smith reborn as a website
Iconic Aussie retailer Dick Smith has been reborn online, just a day after the brand's last bricks-and-mortar shops closed for good.
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Property Focus
Auto parts makers driving new business
Rubber and plastics manufacturer Graham Hopkins saw the writing on the wall in 2008.
Accor expands Melbourne hotel assets
AccorHotels has expanded its hotel network with the announcement of two new-build hotels and two takeovers.
Mirvac, Goodman on track for earnings growth
Mirvac and Goodman Group are on track to reach their end-of-financial-year earnings forecasts as they benefit from strong demand for residential and industrial assets.
Office landlords back in the driver's seat
How investors outgun first home buyers
It's not just that one in three buyers are investors, it's also that they're disproportionately competing with first-home buyers.
Executive Style
Tide turning for workplace tattoos
No longer a 'job killer', ink is even infiltrating the corporate boardroom.
Money
How the super changes affect you
Superannuation was the big hit in the budget. This is your guide to what's changing.
Retirement transition scheme hobbled
Financial expert Mark Bouris gives his verdict on whether the transition-to-retirement (TTR) scheme is still worthwhile.
Small Business
Budget boost means workplace perks
Technology and a veggie patch are all flow-on benefits of this year's budget for one medium-sized firm.
When your boss is younger than you
Reporting to people much younger, or managing those much older, is beyond many employees.
Business Video
Budget 2016: Turnbull's tough time
The PM struggles to answer questions on a key part of the 2016 budget during an interview.
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Comment & Analysis
Has the Reserve Bank cut interest rates too much?
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Cover-More pays up for new boss
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Labor's attack muted by super changes
Contains:
This article contains a video.