Business News, Economy, Finance & ASX Market News

Brexit: Strap in, 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.

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 ...

$US50m hack a 'nightmare scenario'

Cyber security health checks will provide valuable information for insurance companies trying to analyse companies for risk.

A hacker siphoned more than $US50 million ($67 million) of digital money away from an experimental virtual currency project that had been billed ...

Wall St slides on tech, health-care

In Friday's trading, five of the S&P 500's 10 main industries declined, with health-care and technology companies ...

US stocks retreated, sending the S&P; 500 Index lower for the sixth time in seven days.

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.

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.

Market Indices

Updated: June 17, 2016 - 2:38PM

Updated: June 17, 2016 - 4:01PM

Updated: June 18, 2016 - 5:15AM

Updated: June 18, 2016 - 12:00AM

United States Dollar

Price

0.7402

Percentage up/down

0.01% rise
Euro

Price

0.6563

Percentage up/down

-0.03% fall
British Pound

Price

0.5154

Percentage up/down

-0.04% fall

Updated: June 18, 2016 - 7:00AM

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

Milk wars are heading to court

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

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.

19 costly LinkedIn mistakes

Unfortunately, LinkedIn doesn't have a built-in spell checker, but your browser might.

With Microsoft buying LinkedIn for $35 billion, now's as good a time as any to revise your profile.

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.

Voting to leave could be bad news for the UK economy, the IMF has warned.

Markets skittish as Brexit vote looms

1h ago

Markets have a clear preference for the ...

European equities higher on Brexit rethink

'Nightmare scenario': Hacker siphons millions

Worst week for S&P; 500 since April

Wall St slides on tech, health-care

Oil rebounds as greenback retreats

Turquoise Hill lifts as copper shines

On the Dalian Commodity Exchange, the most-active iron ore closed 1.9 per cent higher at 372.50 yuan a tonne.

Spot iron ore prices fall on weak China demand

Shanghai steel futures fell to two-week lows ...

Strap in, this could go bad.

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

ASX blocks contentious Guvera IPO

The exchange operator has told the ...

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

The $10 trillion musical chairs game

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

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.

Banks tap bond markets for cheap debt

Banks are on track to raise up to $120 billion in wholesale debt if current trends continue.

Banks tipped to raise up to $120 billion this year, making the most of low interest rates.

ANZ chief executive Shayne Elliott, left, and managing director, products & marketing Matt Boss.

Deposits lift on Apple Pay, says ANZ Bank

ANZ Bank says it has posted strong growth in customers opening deposit accounts in the first full month after its deal to give customers access to Apple Pay on their iPhones.

Former CBA executive pleads guilty

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

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

Reform right on QSuper

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

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.

Wesfarmer's Russo Targets end to dramatic discounts

Metcash shines while investors mull Woolies

ASX blocks contentious Guvera IPO

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.

'No leadership and no commitment'

Renewable energy accounted for 36 per cent of SA's electricity in May – and only one quarter of that total in NSW.

It's the one issue on which NSW is being outpaced by almost every other state.

Oil rebounds as greenback retreats

Julian Jessop, chief economist and head of commodities research at Capital Economics, told Reuters Global Oil Forum an ...

Oil prices jumped about 4 per cent, as a weaker US dollar bolstered interest in risk assets.

Rio and rival BHP Billiton have identified copper as a key focus for growth, flagging the metal as a priority.

Turquoise Hill lifts as copper shines

The best bet among mining stocks is the owner of a giant copper deposit in the Gobi Desert.

Rajan jolts India with move to exit central bank after attacks

Reserve Bank of India governor Raghuram Rajan has declared his intention to step down when his term ends in early September.

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.

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.

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.