How one tweet wiped out $777m
The market value of a Samsung affiliate nosedived this week after a single tweet by billionaire Tesla founder Elon Musk.
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- ASX ASX LIMITED -0.51%
- AZJ AURIZON HOLDINGS LIMITED -1.50%
- BHP BHP BILLITON LIMITED 0.36%
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- NCM NEWCREST MINING LIMITED 1.85%
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Key Stories
Banks drag ASX lower
The Australian sharemarket dipped slightly as the big banks continued to slide and Brexit fears weighed on sentiment.
'That's the girl you sold me'
A top executive at real estate giant Colliers International is being sued by his former assistant over allegations he tried to force her face into his crotch, attempted to look up her skirt and undressed in front of her.
How to lose half a billion dollars, fast
Want to know how to wipe out more than $500 million of value in six months and how to explain a chief executive who has gone AWOL? Ask the once sharemarket-darling-turned-disaster, Surfstitch.
Coles refuses to pay higher penalty rates
Supermarket giant Coles has shunned the industrial umpire by refusing to lift the penalty rates of tens of thousands of its low-paid workers left worse off under its cosy deal with the shop assistants' union.
Prestige car owners lose $600,000
An auto dealer who sold prestige vehicles on consignment has been banned from trading.
Kogan.com IPO 'different to the others', says founder
Online retail entrepreneur Ruslan Kogan has distanced Kogan.com from recent e-commerce sharemarket flops, saying the business has been earnings positive "from day one".
- Banking and Finance House price surge raises bank risk
- Business Can this car dealer do what ANZ couldn't?
- Markets $A back above US75¢ as Fed retreats
- Retail Kogan prices its $50 million IPO
- Business Amcor takes $US350m writedown
Market Indices
Last updated: June 9, 2016 - 6:52PM
Last updated: June 9, 2016 - 6:52PM
Last updated: June 9, 2016 - 6:52PM
Last updated: June 9, 2016 - 6:52PM
Ralph Lauren wants to be more like H&M
Facing a sales slump, the nearly 50-year-old brand known for its polo shirts will focus on its bestsellers and try to learn from the fast-fashion retailer.
In Depth
The hot new productivity trick
​Working in short bursts has benefits and risks for productivity and workplace flexibility.
The fashion brand that misled shoppers
An upmarket label has been fined for telling customers the wrong thing.
Lipstick advice from Warren Buffett
It's not just about satisfying your customers. Look in the mirror - and at Amazon boss Jeff Bezos, says the billionaire investor.
Workplace
Branson catches Aussie employee sleeping
If you've ever freaked out because the boss walked by just as you were updating your social media profile, consider yourself lucky.
Is the annual raise on the way out?
C-suites around the world will be watching GE closely.
Markets
Markets Live: Resources roll higher
Live
Shares end the session lower, as weakness in banks outweigh gains in miners.
Hot for US stocks. Why?
Despite wobbly economic data, a looming Brexit and the perennial China growth woes, US equities steadily march towards record highs. Why?
Emerging markets over the worst
The slow pace of US rate hikes along with stabilising commodity and producer prices are good news for emerging markets.
- Tesla investor sees $US700b market cap
- IEA slashes gas demand outlook for fourth year
- Rio, Barrick may lead mining M&A; revival
- S&P; 500 edges ever closer to record high
- need2know: Higher open ahead
- Base metals higher on industrial buying, China imports
- Goldman sees 'elevated' S&P; 500 selloff risk
- Emerging market currency support curbs bonds
Search Quotes & Charts
The Economy
The tax havens costing Australia $6b a year
The world's poorest people, and women in particular, bear the brunt of global tax dodging, says Oxfam.
$A could head towards US80 cents
The Australian dollar could head back towards US80¢ if the policy stances of the Fed and the RBA begin to converge again, experts say.
Banking & Finance
Rate-rigging case to test court
High-powered legal teams are preparing a plan for how three bank bill swap rate cases should be managed and sequenced in the Federal Court.
Landmark case against financial adviser
The corporate watchdog is making its first use of powers it was given three years ago.
Mining & Resources
Jemena remains positive on NT gas line
Gas pipeline developer Jemena says it can still fill the new $800 million pipeline from the Northern Territory to Queensland, despite the threat of a Labor moratorium on fracking.
IEA slashes gas demand outlook for fourth year
While oil markets will start re-balancing after a slump next year, an oversupply in natural gas won't disappear until the end of the decade, the International Energy Agency said.
World Business
The top-rated CEO you haven't heard of
His staff gave him an approval rating of 99 per cent, but this year's highest-rated CEO has a far lower profile than previous winners such as Mark Zuckerberg or Larry Page.
Ralph Lauren wants to be more like H&M;
Facing a sales slump, the nearly 50-year-old brand known for its polo shirts will focus on its bestsellers and try to learn from the fast-fashion retailer.
Consumer Affairs
Melbourne car share company's free account not so free
When is a free account not really free?
Prestige car owners lose $600,000
An auto dealer who sold prestige vehicles on consignment has been banned from trading.
Featured advertisers
Property Focus
Brutalism no obstacle for Woods Bagot fit-out
Woods Bagot had been in its Southbank office for 10 years. While the view of the Yarra from the building's domed ceiling was impressive, the office required updating.
Vending machines are the new retail frontier
Lovers of Moët & Chandon champagne will soon be able to have their own AbFab​ moment, with plans advanced to have a vending machine full of bubbles in Australia.
OECD warns of Aussie property demise
The Organisation for Economic Co-operation and Development sees a 'dramatic and destabilising' end to Australia's property boom.
Macquarie Park looks to new developments
Illawarra land sales tipped to exceed $50m
Industrial property is seen as one offering substantial growth which has triggered the sale of seven sites in Illawarra, with an anticipated combined value of at least $50 million.
Executive Style
The hottest tip for a cool LA stay
Hollywood's best experiences star in an action-packed tale with a surprising twist.
Money
Hybrid issues in favour despite traps
Hybrid issues for the banks are flying off the shelves once again, but there are downsides for investors.
Global clamour for Dinky die-cast toys
Trading in Dinky die-cast toys operates pretty much like any other stockmarket, except on a smaller scale. 1:48 scale in most cases.
Small Business
This is the hot new productivity trick
​Working in short bursts has benefits and risks for productivity and workplace flexibility.
Sharing economy's biggest problem
How do you pay tax on your Airbnb or Uber side job? Not enough people seem to know
Business Video
The childcare minefield
If you don't talk about it, it doesn't exist. That seems to the election mantra of both parties when it comes to the dreaded childcare debate.
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Comment & Analysis
Interest rate rigging - three down, one to go?
Contains:
Radhika Oswal's $154 million tax win
Contains:
This article contains a video.
Farmers call for chairman's head
Contains:
This article contains a video.