Business News, Economy, Finance & ASX Market News

Poor culture: Customers lose out again

The banks might not have acted illegally when throwing customers to the wall, but they did behave unconscionably.

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Big four finally feel the slowdown

Banking has changed dramatically since the global financial crisis, and it is finally affecting shareholder returns.

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'Big Short' trader's big bridezilla bet

Ryan Gosling played Jared Vennett, the character based on Greg Lippmann in "The Big Short".

The man made famous for betting against dodgy home loans in the run-up to the GFC is now wagering on a different kind of finance: wedding loans.

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US stocks edge higher as gold jumps

Traders work on the floor of the New York Stock Exchange on Friday as the market digests the latest US jobs data.

Wall Street staged a comeback on Friday afternoon as the market digested the latest US jobs report.

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Panama whistleblower breaks silence

The source behind the Panama Papers leaks has offered to help law enforcement agencies.

The source, in his first public comments, said the leaked files could spur thousands of prosecutions related to offshore money laundering and tax ...

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CBA cop a lashing from Senator Ketter

Commonwealth Bank of Australia chief executive Ian Narev has said cases highlighted at CommInsure were inconsistent with ...

The chair of the powerful Senate economics references committee has hit out at Commonwealth Bank of Australia chief executive Ian Narev.

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Wildfire's force majeure rocks oil giants

The wildfire this week forced the evacuation of 88,000 people from Fort McMurray, located in the heartland of Alberta's ...

BP, Suncor and Phillips warn oil deliveries will be disrupted as the wildfire in Canada rages on.

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How Adidas is nutmegging the taxman

When it comes to taxes and accounting, Adidas follows its own counsel to the T: "Nothing is impossible".

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Market Indices

Updated: May 6, 2016 - 2:41PM

Updated: May 6, 2016 - 4:01PM

Updated: May 7, 2016 - 5:15AM

Updated: May 7, 2016 - 12:00AM

United States Dollar

Price

0.7371

Percentage up/down

0.03% rise
Euro

Price

0.6464

Percentage up/down

0.03% rise
British Pound

Price

0.5109

Percentage up/down

0.04% rise

Updated: May 7, 2016 - 7:00AM

Sunday is the biggest trading day of the week for the major supermarkets.

And on the seventh day they shopped

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BHP's slow road to Samarco

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The office leasing market in the CBD is delivering good results, particularly for landlords.

REITs are back in the black

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Square, dink, dinks, dinkus, head shot, business, Michael Pascoe,

Fashion a victim of the endless summer

COMMENT

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How Adidas is nutmegging the taxman

Adidas' revenues and gross profits have more than doubled in 17 years but they managed to pay less income tax last year than they did in 1999.

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The price of being a whistleblower

Over the past three years, my stories have uncovered serious failures and misconduct at our biggest companies. None of these stories would not have come to light without the brave contribution of whistleblowers.

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Sorry, Scott, I don't believe it

Ross Gittins

As you may have heard Scott Morrison mention a time or two this week, this isn't an ordinary budget.

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Keegan Napier is learning from the world's best.

keegannapier.jpg

A world of opportunity

Global experience can help you build a stellar career.

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Meet your newest, dumbest co-workers

Never talk to a human at work ever again.

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Catch me if you can ... a job so popular they made films about it.

Here's the job that everyone wants

The tyranny of distance has proved a boon to one industry in its ability to attract recruits.

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We know nuthin', so count on your luck

Don't be so hard on Jon, Ygritte. Nobody knows anything these days, not only in Game of Thrones - but most of us don't ...

Successful people often credit their skill and hard work. Nothing could be further from the truth.

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Super rich were first to bail in GFC

Bailing out: People with the highest income sold out of the market disproportionately fast as the financial crisis ...

When the going gets rough, the 1 per cent start selling.

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Interest rates could change again

Federal Election

VIDEO: What'll be the political impact of another rate cut as we approach an election? Chief political correspondent Mark Kenny explains.

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Super rich were first to bail in GFC

When the going gets rough, the 1 per cent ...

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'Big Short' trader funds your wedding

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'Paralysing volatility' troubles Wall Street

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Black market bank's Budovsky gets 20-year sentence

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US stocks edge higher as gold jumps

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Warren Buffett's railroad profit drops

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As P/Es fall out of lockstep, stock rethink required

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The S&P 500 has retreated 2.2 per cent since its high on April 20, halting a rebound that lifted it as much as 15 per ...

Wall St edges higher on rate rise rethink

US stocks advanced to halt a three-day drop, ...

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The outlook for this quarter was increased 47 per cent to $US55 a metric ton, the July-to-September view was boosted 20 ...

Goldman resets iron ore forecasts with a supply warning

Goldman Sachs raised its iron ore forecasts ...

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Inventories held at ports across China increased 1.4 per cent to 99.85 million tons this week to the highest level since ...

Iron ore sheds 12pc on week

Iron ore posted the biggest weekly loss in ...

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The pound fell 0.3 per cent to $US1.4438 as of 5pm London time on Friday, leaving it down 1.2 per cent on the week, the ...

Pound ends week down 1.2pc

The pound, the developed world's ...

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Treasury Secretary John Fraser: "These costings have considerable uncertainty attached to them."

Second interest rate cut on the cards

There could be another interest rate as soon as next month, throwing a wildcard into the election campaign.

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Sorry, Scott, I don't believe it

Ross Gittins

As you may have heard Scott Morrison mention a time or two this week, this isn't an ordinary budget.

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Glenn Stevens, RBA governor: The bank has lowered its inflation forecast.

RBA ready to cut rates again

The RBA is not expecting inflation to return to its target range until 2018. That means further rate cuts may be on the cards.

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RBA names Philip Lowe next governor

Philip Lowe will take the top job at the RBA in September.

BREAKING

Reserve Bank of Australia deputy governor Philip Lowe will replace outgoing chief Glenn Stevens, Treasurer Scott Morrison has told parliament.

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New Zealand's cows are hurting NAB

Between February 2014 and March 2016, New Zealand dairy prices slumped 56 per cent.

Australia's banks might have ridden on the sheep's back, but they are now getting trodden on by New Zealand's cows.

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Tax Office needs to be 'monitored': inquiry

Tax Commissioner Chris Jordan had wanted to have less scrutineers looking into the Australian Taxation Office's affairs, ...

The Australian Taxation Office will continue to face the same level of scrutiny, despite its attempts to have less oversight.

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CBA cop a lashing from Senator Ketter

The chair of the powerful Senate economics references committee has hit out at Commonwealth Bank of Australia chief executive Ian Narev.

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Panama Papers: Whistleblower breaks silence and offers to help investigators

The source, in his first public comments, said the leaked files could spur thousands of prosecutions related to offshore money laundering and tax evasion.

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Big four finally feel the slowdown

Banking has changed dramatically since the global financial crisis, and it is finally affecting shareholder returns.

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Macquarie Group posts record $2.1b profit

Macquarie chief executive Nicholas Moore reports a bumper result.

Macquarie Group has beaten analyst expectations to post a $2.06 billion annual profit, but cautioned next year's result will be "broadly in line" with 2016.

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Macquarie's chief Moore committed to top job, despite headwinds

Macquarie chief executive Nicholas Moore at the company's profit results on Friday.

Macquarie Group's chief executive Nicholas Moore hasn't lost his zeal for the top job as he delivered a record annual profit on Friday and cautioned of moderating earnings growth.

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Philip Lowe: From teen recruit to central bank chief

Philip Lowe will replace Glenn Stevens as governor of the central bank.

The incoming RBA chief has impeccable credentials.

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And on the seventh day they shopped

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Fashion a victim of the endless summer

COMMENT
Opinion

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Metcash asks competition watchdog to investigate its acquisition of Home

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Blackmores heads into Chinese herbal medicine

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Rebecca Mackey with her two sons, Malachi, aged 13, and Zak, 8.

How much is your mum worth?

A $160-a-person lunch headlines Sydney's unfettered spending on Mother's Day.

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CBA cop a lashing from Senator Ketter

The chair of the powerful Senate economics references committee has hit out at Commonwealth Bank of Australia chief executive Ian Narev.

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How Adidas is nutmegging the taxman

Adidas' revenues and gross profits have more than doubled in 17 years but they managed to pay less income tax last year than they did in 1999.

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Wildfire's force majeure rocks oil giants

BP, Suncor and Phillips warn oil deliveries will be disrupted as the wildfire in Canada rages on.

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Goldman resets iron ore forecasts with a supply warning

Goldman Sachs raised its iron ore forecasts for the remainder of the year after a surprise rally at the start of 2016.

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Iron ore sheds 12pc on week

Iron ore posted the biggest weekly loss in four years after China quelled speculation in raw-materials trading.

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Wildfire's force majeure rocks oil giants

BP, Suncor and Phillips warn oil deliveries will be disrupted as the wildfire in Canada rages on.

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Trump's finance chair linked to Madoff

Bernard Madoff, a former stock broker, investment adviser and financier, was convicted of fraud for running the biggest ...

Donald Trump's new national finance chair was sued in 2010 for $US3.2 million in fake profit from his mother's account with Ponzi scheme mastermind Bernard Madoff.

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$45m headache for Nurofen maker

Reckitt Benckiser was last week fined for misleading Australian consumers over claims about its Nurofen painkillers.

Last week, it was fined for misleading consumers about its Nurofen painkillers, now Reckitt Benckiser is under fire again.

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REITs are back in the black

Rates, rents and relatively rare yields have quietly lifted property stocks.

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Warehouses and industrial property are in hot demand.

Goodman Group on target for growth

Goodman Group looks set to see strong growth this year, as they have just had their best quarterly results for years and demand from the e-commerce sector and urban renewal projects remain high.

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The opening of the new section of Eastland shopping centre in Ringwood in May.

Shopping centres wary of warm winter weather

The abnormally warm weather across Australia's eastern seaboard has not slowed fashion sales in shopping centres but there are concerns it may have an impact.