Business News, Economy, Finance & ASX Market News

Strap in people, this could go bad

If Britain votes to stay in the union, will there be scarring on business?

The economic fallout from this week's looming Brexit vote has markets on edge.

Brand hit, not fines, to hurt Medibank

The ACCC has accused Medibank of misleading and deceptive conduct.

The consumer watchdog's legal attack over unconscionable conduct will damage the company's reputation, analysts warn.

Reform right on cue for super

One of the nation's biggest funds is going to shake up the $2 trillion market.

True believer backs battling biotech

Mesoblast shares have been hammered again this week.

Its shares have crashed and now hanging on has become something for the totally committed.

Forget 'and growth' – it's 'jobs' that work

With the unemployment rate steady at 5.7 per cent - almost, but not quite, full employment - it seems the jobs market is acting as an important ...

Singapore moves on profit shifting

Singapore's government has long maintained that it is not a tax haven, but a value-adding hub.

The low-tax nation has signed up to a global plan to fight tax evasion.

How low can bonds go?

Australian 10-year bonds have fallen to record low levels.

Record low yields for Australian bonds highlight just how desperate investors are for yield.

Milk wars are heading to court

Some of Australia's most popular milk brands step up their fight over the rights to use the term "A2" on their labels.

Market Indices

Updated: June 17, 2016 - 2:38PM

Updated: June 17, 2016 - 4:01PM

Updated: June 17, 2016 - 11:05PM

Updated: June 17, 2016 - 10:50PM

United States Dollar

Price

0.7407

Percentage up/down

0.57% rise
Euro

Price

0.6563

Percentage up/down

0.05% rise
British Pound

Price

0.5183

Percentage up/down

-0.06% fall

Updated: June 17, 2016 - 10:35PM

Blocked: The ASX has nixed Guvera co-founders Claes Loberg and Darren Herft's IPO plan.

ASX blocks contentious Guvera IPO

International invasion just getting started

Keith Hunter, a former Commonwealth Bank IT executive, left, has pleaded guilty to bribery charges.

Former CBA executive pleads guilty

The very real possibility of a "leave" vote on June 23 was spooking markets, said AMP Capital chief economist Shane Oliver.

ASX finally posts gain despite Brexit fears

This kind of reform is right on cue for super

One of the nation's biggest funds is going to shake up the $2 trillion market.

Forget 'and growth' – it's 'jobs' that work

With the unemployment rate steady at 5.7 per cent - almost, but not quite, full employment - it seems the jobs market is acting as an important anchor in choppy economic waters.

International invasion just getting started

If you thought the foray of offshore retailers like H&M; and Zara looks like a shopping mall invasion, you ain't seen nothing yet.

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.

The $9b man ready to pounce on Brexit

Trust the polls, not the bookies, says fund manager Stephen Lingard.

Having loaded up on cash, he is ready to profit if the UK does vote to leave the European Union.

Microsoft breaks corporate taboo

Microsoft has teamed up with LA start-up Kind to offer software that tracks marijuana plants from "seed to sale".

Until now, even the boring parts of the legalised marijuana world was too controversial for mainstream companies.

'You can't change stuff, 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.

Strap in, this could go bad.

The economic fallout from this week's looming ...

ASX blocks contentious Guvera IPO

The $10 trillion musical chairs game

ASX finally posts gain despite Brexit fears

How low can bonds go?

Markets Live: Worst week in four months

Live

Why investors shouldn't panic about Brexit

'Petroleum markets are on the defensive for a sixth day, the longest downward run since January,' says Citi energy ...

Citi warns oil may fall anew to $US43

Oil has fallen 10 per cent since its recent ...

Meet the $9b man ready to pounce on Brexit

This money manager is loading up on cash to ...

Haruhiko Kuroda, governor of the Bank of Japan, looks down as he speaks during a news conference on Thursday.

'Greater fools' sought as bond yields drop

To make money in today's bond market, keep ...

The ASX is poised to finish the week strongly.

need2know: ASX set for strong start

Local shares set to open higher with fears of ...

Strap in, this could go bad.

The economic fallout from this week's looming Brexit vote has markets on edge.

Looks a bit like it's the 1930s

Governments will need to step up to encourage companies to invest again, says Morgan Stanley.

To understand today's global economy, look back 80 years. Now, just like then, a financial crisis has left deep scars.

Singapore to out multinationals shifting profits

The low-tax nation has signed up to a global plan to fight tax evasion.

Deutsche Bank warns of Brexit 'disaster'

Deutsche Bank is the latest global bank to warn of the dangers inherent in a British decision to leave the European Union.

Deutsche Bank chairman Paul Achleitner says a vote for Brexit would mean an 'economic disaster' for the UK and endanger the European Union.

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.

Drugs aren't working for our economy

Many pain drugs have been linked with weight gain.

Futile attempts to regulate the sale of codeine-based painkillers illustrate the wider impasse on structural reforms putting a brake on growth.

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.

Reform right on QSuper

One of the nation's biggest funds is going to shake up the $2 trillion market.

Former CBA executive pleads guilty

In a dramatic turnaround, a Commonwealth Bank IT executive Keith Robert Hunter has plead guilty to bribery offences.

Deutsche Bank warns of Brexit 'disaster'

Deutsche Bank chairman Paul Achleitner says a vote for Brexit would mean an 'economic disaster' for the UK and endanger the European Union.

JPMorgan, Goldman most at risk to Brexit shock

Estimates for 2017 earnings per share for JPMorgan would drop by 6.7 per cent to $US5.96 in the event of a Brexit and by ...

JPMorgan Chase and Goldman Sachs are likely to be hardest hit among America's biggest banks by a possible British disavowal of the European Union.

Clydesdale Bank not spooked by Brexit

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

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

ASX blocks contentious Guvera IPO

Milk wars head to court

International invasion just getting started

Drugs aren't working for our economy

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

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.

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.

Looks a bit like it's the 1930s

To understand today's global economy, look back 80 years. Now, just like then, a financial crisis has left deep scars.

The $10 trillion musical chairs game

It's a traders' game of musical chairs. Who will be caught out when the music stops?

To make money in today's bond market, keep finding the greater fool. It works until the music stops.

Singapore to out multinationals shifting profits

The low-tax nation has signed up to a global plan to fight tax evasion.

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.

The way a home is priced – whether that be with no price, set-date-sale, offers from, a range, or via auction - is key.

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.

<b>1. Heroin Bike</b><br>
A unique ‘honeycomb’ skin has been applied to sections of the frame most exposed to air resistance.

The world's slipperiest bikes

35m ago

This may be the world's sexiest bike; certainly one of the most aerodynamic.

AGL AGL ENERGY LIMITED.

AIO ASCIANO LIMITED

AMC AMCOR LIMITED

AMP AMP LIMITED

ANZ AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

APA APA GROUP

ASX ASX LIMITED

AZJ AURIZON HOLDINGS LIMITED

BHP BHP BILLITON LIMITED

BXB BRAMBLES LIMITED

CBA COMMONWEALTH BANK OF AUSTRALIA.

CCL COCA-COLA AMATIL LIMITED

CPU COMPUTERSHARE LIMITED.

CSL CSL LIMITED

CTX CALTEX AUSTRALIA LIMITED

DXS DEXUS PROPERTY GROUP

GMG GOODMAN GROUP

GPT GPT GROUP

IAG INSURANCE AUSTRALIA GROUP LIMITED

IPL INCITEC PIVOT LIMITED

JHX JAMES HARDIE INDUSTRIES PLC

LLC LENDLEASE GROUP

MGR MIRVAC GROUP

MPL MEDIBANK PRIVATE LIMITED

MQG MACQUARIE GROUP LIMITED

NAB NATIONAL AUSTRALIA BANK LIMITED

NCM NEWCREST MINING LIMITED

ORG ORIGIN ENERGY LIMITED

ORI ORICA LIMITED

OSH OIL SEARCH LIMITED

QAN QANTAS AIRWAYS LIMITED

QBE QBE INSURANCE GROUP LIMITED

RHC RAMSAY HEALTH CARE LIMITED

RIO RIO TINTO LIMITED

S32 SOUTH32 LIMITED

SCG SCENTRE GROUP

SEK SEEK LIMITED

SGP STOCKLAND

SHL SONIC HEALTHCARE LIMITED

STO SANTOS LIMITED

SUN SUNCORP GROUP LIMITED

SYD SYDNEY AIRPORT

TCL TRANSURBAN GROUP

TLS TELSTRA CORPORATION LIMITED.

VCX VICINITY CENTRES

WBC WESTPAC BANKING CORPORATION

WES WESFARMERS LIMITED

WFD WESTFIELD CORPORATION

WOW WOOLWORTHS LIMITED

WPL WOODSIDE PETROLEUM LIMITED

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