Brexit: Strap in, this could go bad
The economic fallout from this week's looming Brexit vote has markets on edge.
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- BHP BHP BILLITON LIMITED 1.06%
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- IAG INSURANCE AUSTRALIA GROUP LIMITED 2.53%
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- LLC LENDLEASE GROUP 1.14%
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- NCM NEWCREST MINING LIMITED -0.53%
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- WBC WESTPAC BANKING CORPORATION 0.95%
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- WOW WOOLWORTHS LIMITED -0.47%
- WPL WOODSIDE PETROLEUM LIMITED -0.15%
Key Stories
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Wall St slides on tech, health-care
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Market Indices
Last updated: June 18, 2016 - 7:15AM
Last updated: June 18, 2016 - 7:15AM
Last updated: June 18, 2016 - 7:15AM
Last updated: June 18, 2016 - 7:15AM
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The $9b man ready to pounce on Brexit
Having loaded up on cash, he is ready to profit if the UK does vote to leave the European Union.
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Markets
Markets skittish as Brexit vote looms
Markets have a clear preference for the status quo, though all eyes will be on the Brexit vote on Friday.
European equities higher on Brexit rethink
European equities climbed with the pound on speculation the murder of a British lawmaker supported opponents of UK secession.
Worst week for S&P; 500 since April
Prices fell and volume surged in a week of heightened anxiety for US investors.
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The Economy
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.
Packer eyes $1.7b Crown payday
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.
Retail
Wesfarmer's Russo Targets end to dramatic discounts
The boss of discount department stores Target and Kmart says dramatic discounts are over.
Metcash shines while investors mull Woolies
Supplier to IGA supermarkets finally enjoys time in the sun as investors ponder whether Woolworths is a dimestore diamond or has more to fall.
Banking & Finance
Samsung Pay takes on Apple
Samsung is hoping its payment system launched in Australia on Wednesday will drive more sales of higher-end phones.
Banks tap bond markets for cheap debt
Banks tipped to raise up to $120 billion this year, making the most of low interest rates.
Mining & Resources
'No leadership and no commitment'
It's the one issue on which NSW is being outpaced by almost every other state.
Oil rebounds as greenback retreats
Oil prices jumped about 4 per cent, as a weaker US dollar bolstered interest in risk assets.
World Business
Rajan jolts India with move to exit central bank after attacks
India's central bank governor Raghuram Rajan said he will step down when his term ends in early September, an unexpected move that came after a key ally of Prime Minister Narendra Modi criticised him for keeping interest rates too high.
IMF sends Brexit warning
A vote to exit the European Union in next week's referendum could leave Britain's economy more than 5 per cent smaller by 2019 than if it stays in the 28-nation club, the International Monetary Fund said.
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Consumer Affairs
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'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.
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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.
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Small Business
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Fatherhood a tough business
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Comment & Analysis
This kind of reform is right on cue for super
Contains:
This article contains a video.
Forget 'and growth' – it's 'jobs' that work
Contains:
This article contains a video.
International invasion just getting started
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