Business News, Economy, Finance & ASX Market News

Australia becoming a part-time employer

In the Coalition's three years in office part-time employment grew 306,000 and full-time employment just 150,600.

'You can't change stuff and then hide it'

Sam Harrison received an unexpected hospital bill.

For 15 years, Sam paid for Medibank's most comprehensive private health insurance, but then, the bills arrived.

Australia's real income growth recession

Charlie says that the economy is not as good as we think.

Renewables rain on power's parade

A rise in renewable energy helps to destabilise power market prices.

The surge in renewable energy has left households with whipsawing electricity bills as power companies push through a round of steep price rises.

Packer eyes $1.7b Crown payday

James Packer currently owns 53 per cent of Crown Resorts.

James Packer could boost his stake in Crown Resorts by up to $1.7 billion if investors back a break-up of the casino group.

Night-fill worker takes on Coles

Penny Vickers is the latest worker to take Coles to the Fair Work Commission over its wage deals.

A Coles night-fill worker is taking on the supermarket giant over its "degrading" wage deal

McDonald had form before wipeout

Much of the fall can be attributed to the absence of high-roller gamblers from China.

How could things be going so badly at SurfStitch with a retail veteran such as Howard McDonald as chairman? This was the guy who steered Myer on ...

Unaoil used global networks to move corrupt funds

The Monaco-based oil company at the centre of a global bribery scandal used a network of offshore accounts and companies to shift funds under the ...

Market Indices

Updated: June 16, 2016 - 2:35PM

Updated: June 16, 2016 - 4:01PM

Updated: June 16, 2016 - 11:06PM

Updated: June 16, 2016 - 10:51PM

United States Dollar

Price

0.7291

Percentage up/down

-1.57% fall
Euro

Price

0.6549

Percentage up/down

-0.49% fall
British Pound

Price

0.5202

Percentage up/down

-0.29% fall

Updated: June 16, 2016 - 10:36PM

Unfazed: (left to right) Clydesdale Bank chief executive David Duffy, NAB chief financial officer Craig Drummond, and ...

Clydesdale Bank not spooked by Brexit

China is the world's biggest ice-cream market and sales soared 90 per cent to $US11.4 billion in the six years ended ...

Fonterra to sell ice cream to China

ASX rally fades as Brexit worries resurface

Concerns were expressed about banks' exposure to the housing market and potential instabilities emanating out of China.

Bank fees rise to $12.5b: RBA

Australia becoming a part-time employer

In the Coalition's three years in office part-time employment grew 306,000 and full-time employment just 150,600.

Australia is in real income growth recession

Charlie says that the economy is not as good as we think.

McDonald had form before wipeout

How could things be going so badly at SurfStitch with a retail veteran such as Howard McDonald as chairman? This was the guy who steered Myer on to the stock market in 2009.

The dads that back diversity

Most male CEOs are "sitting on the fence" when it comes to championing gender diversity, but not one group.

Myth busting: Dr Stephen Hitchcock (right) with Rob Webb (left).

Lazy, overconfident GenY? It's no competition

Some Generation Ys are reluctant to see themselves in terms of generational differences.

In Sweden, a 30-hour week has been shown to benefit satisfaction and health.

The case for a four-day week, every week

COMMENT

It's not just gender equality to play for. More leisure time can be devoted to volunteering.

Pub for sale: $80 million

VIDEO: An iconic Byron Bay pub built by a famous Aussie filmmaker is expected to fetch up to $80 million when it hits the market.

Medibank accused of secret changes

VIDEO: ACCC chairman Rod Sims says Medibank may failed to inform customers of a 2014 policy change.

Kmart unveils Top Ryde store

VIDEO: Shoppers check out Kmart's new retail layout in Sydney as the company seeks to create a experience more like a department store.

ASX rally fades as Brexit worries resurface

Australian shares end flat, an improvement of ...

Renewables rain on power's parade

Packer's Crown plan: What's the catch?

Markets Live: ASX back in red

Live

Prices swing wildly as renewable use rises

'Welcome to the part time economy'

$A to protect Aust from China hard landing

Kevin Spacey as politician Frank Underwood in House of Cards

Netflix's House of Cards democracy

COMMENT

Like President Frank Underwood was running ...

The British pound is the month's most shorted trade, according to the Bank of America Merrill Lynch fund managers survey.

Fund managers hoard cash

A monthly fund manager survey shows soaring ...

Billionaire James Packer has stepped down as the co-chair of Macau-focused Melco Crown Entertainment after Crown Resorts ...

Crown shares soar on demerger plan

Shares in Crown Resorts have soared more than ...

Brexit could see many Australian shares exposed to the UK take a fall.

The stocks most at risk from a Brexit

It's not China this time. Here are the ...

Australia becoming a part-time employer

In the Coalition's three years in office part-time employment grew 306,000 and full-time employment just 150,600.

Australia is in real income growth recession

Charlie says that the economy is not as good as we think.

RBA assistant governor Christopher Kent said China's uncertain outlook left Australia exposed to lower commodity prices ...

$A to protect Aust from China hard landing

A sliding Australian dollar should act as a buffer to any economic downturn in China, the Reserve Bank of Australia says

Yellen says Brexit vote influenced Fed

Janet Yellen after the Fed's open market committee meeting on Wednesday. The central bank left the target range for the ...

Federal Reserve chair Janet Yellen said Britain's referendum was a factor in the US central bank's decision to hold interest rates steady

More talk and no action from G20

At the halfway mark on the agreed timetable to "turbocharge" the Australian economy, that commitment has gone down just another bit of summit nonsense.

Five shortcuts to audit hell

If you plan on being a bit generous on your deductions, prepoare for hell.

The Australian Taxation Office has shared with Fairfax Media the main areas that will spark its attention where people over-claim deductions.

Citi and Amex cards can be loaded on to new generation Samsung Galaxy devices.

Samsung Pay takes on Apple

Samsung is hoping its payment system launched in Australia on Wednesday will drive more sales of higher-end phones.

Clydesdale Bank not spooked by Brexit

Brexit would trigger volatility, but the impact on the bank would be limited, says Clydesdale Bank chief David Duffy.

Bank fees rise to $12.5b: RBA

An annual report suggests 8 million households spend an average of $515 a year on bank fees.

'Murky' commissions paid by banks

Banks will pay thousands of dollars for a loan referral, but critics say these commissions are murky.

Lawyers, accountants and real estate agents can make thousands through a fee that is being reviewed.

Goldman Sachs settles suit with Aussie fund over CDOs

'"Goldman was pressuring investors to take the risk of toxic securities off its books.'

Goldman Sachs and an Australian hedge fund agreed to end a $US1 billion lawsuit over the sale of mortgage-linked securities.

Suncorp CEO to retire

AFR Banking&Wealth Summit. 28 April 2015. Photo by Louise Kennerley. John Nesbitt, CEO, Suncorp Group speaking at the ...

Suncorp Bank chief executive John Nesbitt will retire before the end of the year.

The $3 novelty ring with three lethal surprises

How Woolworths crashed Kmart's party - if just for a moment

Brexit won't rub out Smiggle's UK rollout plans, says McInnes

McInnes perks brings anger, dissent

Medibank customers hope to get money back with ACCC's help

For 15 years, Sam paid for Medibank's most comprehensive private health insurance, but then, the bills arrived.

Medibank has been taken to the Federal Court by the ACCC.

Medibank's secret changes to boost profits

Medibank has been accused of failing to disclose policy changes to members in a bid to boost profits ahead of its privatisation.

"If you already have one the risk is best managed by putting it in the bin:" ACCC spokesperson.

The $3 novelty ring with three lethal surprises

A Sydney mother woke this morning to find a button battery-operated toy she bought at Vivid in pieces in her two-year-old son's hands.

Renewables rain on power's parade

The surge in renewable energy has left households with whipsawing electricity bills as power companies push through a round of steep price rises.

Unaoil used global networks to move corrupt funds

The Monaco-based oil company at the centre of a global bribery scandal used a network of offshore accounts and companies to shift funds under the noses of authorities for years.

South Australia's experience has shown that a high proportion of renewables in the energy mix can lead to big movements ...

Prices swing wildly as renewable use rises

The surge in renewable energy in South Australia has left households with whipsawing bills as power companies push through a round of steep price rises.

Mad scramble for a Brexit plan

A stack of British one pound sterling coins stand in front of British Union flag, also known as a Union Jack, in this ...

As chances increase that Britain might actually walk, central banks, investors and businesspeople are franticly drawing up contingency plans. It's an exercise in guesswork and hope.

Yellen says Brexit vote influenced Fed

Federal Reserve chair Janet Yellen said Britain's referendum was a factor in the US central bank's decision to hold interest rates steady

IT worker detained in connection with Panama Papers leak

German activists wearing suits and Panama hats hold fake money while demanding greater transparency following the Panama ...

A computer specialist for the Panamanian law firm Mossack Fonseca has been taken into custody linked to the leak of a massive trove of data on offshore companies.

Woods Bagot's new office in the brutalist-style building on the corner of William and Little Collins streets.

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.

Moet vending machine at Selfridges department store in London

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.