Eight great Australian watch brands
The time has come for a burgeoning industry to stand up and be counted.
Today's News & Views
Rogue trader wins payout after nearly sinking Societe Generale
Nicola Clark 7:15 AM In the six years since he was fired by French bank Société Générale, Jerome Kerviel has never denied making 50 billion euros worth of unauthorised trades or committing forgery and fraud to cover it up.
Oil extends advance on US stockpiles estimates
Mark Shenk 5:23 AM Oil extended gains from the highest close in more than 10 months in New York as US crude stockpiles are estimated to have fallen for a third week.
Iron ore glut shows no sign of easing
Jasmine Ng 4:21 AM Iron ore shipments from Port Hedland expanded to the third-highest level on record, signalling that a global surplus is set to persist.
Shell pares spending amid energy price slump
Rakteem Katakey and Ryan Chilcote 3:41 AM Royal Dutch Shell cut spending plans further and promised increased savings following its record purchase of BG Group.
German 10-yr bond yield drops to record low
Eshe Nelson 3:27 AM Germany's 10-year bond yield fell to a record low amid a surge in demand for the safest fixed-income assets.
Deloitte draws link between arts and problem solving
AFR staff 12:29 AM Professional services firms go to extremes to attract and retain staff.
Ikea Australia to test online store - finally
Sue Mitchell 12:21 AM Fighting for a space in an Ikea carpark and navigating its maze-like stores may soon become a thing of the past.
Bid 'materially undervalues' InterOil: unhappy investors
Brian Robins 12:00 AM Disgruntled shareholders in InterOil Corp say Oil Search's $US2.2 billion ($3 billion) takeover offer undervalues the company by as much as $US3 billion.
KKR's solar-powered tomatoes set scene in SA
Simon Evans 11:31 PM Solar projects have emerged as a new job creator in SA, with two $1 billion-plus proposals for solar power stations on the table.
Women won't battle 'hostile culture'
Nassim Khadem 12:01 AM A leading businesswoman predicts quotas for company boards are looming.
Career
LinkedIn: the golden rules
Anna Patty 12:15 AM It's not Facebook, and the rules are different on LinkedIn.
Innovation
Start-up co-ops take on the Uber economy
Georgia Wilkins 11:01 PM Start-up 'co-ops' are challenging the Uber-style business model that has come to define the so-called sharing economy
RBA's vote of confidence in Turnbull
Peter Martin 12:15 AM This is one of the oddest endorsements you'll see this election campaign.
Retail
Woolworths faces Home hardware hijack
Catie Low 12:15 AM Woolworth's bid to stitch up a clean sale of its profitable Home Timber & Hardware operation could be scuppered by a group of the franchise network's most powerful merchants.
Adele Ferguson
Farmers call for chairman's head
Adele Ferguson 12:15 AM The drums are getting louder for the ousting of the leadership at Murray Goulburn.
Michael Pascoe
RBA rings house price warning – again
Michael Pascoe 10:00 PM The RBA's jawbone has just been re-applied to those who want to speculate on housing. You've been warned.
Surfstitch co-founder seeks return as losses loom
Sue Mitchell 7:25 PM Justin Cameron, the former chief executive of online surf wear retailer SurfStitch is keen to return to the company he co-founded eight years ago but has been rebuffed by the board.
Ten aims to build on Big Bash success
Max Mason 7:02 PM More international players part of the strategy to keep growing audience.
NAB sued by ASIC over rate rigging
James Eyers 6:19 PM National Australia Bank is the third big four banks to be targeted by the regulator for allegedly manipulating the bank bill swap rate.
Charter Hall snaps up Woolies distribution centre worth $215m
Simon Johanson 6:03 PM Property developer and funds manager Charter Hall has further cemented its relationship with supermarket giant Woolworths adding the retailer's new purpose-built $215 million distribution centre to its industrial portfolio.
2016 won't be a 'knockout': Morgan Stanley sees subdued market for deals
Clancy Yeates 5:57 PM Weaker global economic conditions and political uncertainty are leading to more subdued conditions for investment banking, says the local arm of Morgan Stanley.
Gas industry was out to lunch: Woodside CEO
Angela Macdonald-Smith 5:54 PM The natural gas industry has been "out to lunch", taking years to build LNG projects over budget and not snaring bigger market share, the Woodside CEO says.
Is Australia in the middle of an egg shortage?
Liam Mannix 5:47 PM Australia is set to suffer through an egg shortage for the next two months, as producers scramble to meet new free-range laws.
BHP Billiton sells IndoMet Coal to Indonesian partner
Tess Ingram 7:00 PM BHP Billiton is selling its majority stake in the IndoMet Coal project in Indonesia to focus on 'more attractive' growth projects.
$11m stoush over Scots Church Assembly Hall
Nicole Lindsay 12:00 AM The Presbyterian Church is owed more than $11 million in a Collins Street real estate deal that has unravelled over complex rules governing its property trusts.
Economy
$A soars as RBA holds rates at 1.75 per cent
Vanessa Desloires 5:36 PM The RBA signals it is in no rush to cut interest rates again as it kept the official cash rate on hold at a record low 1.75 per cent in June, sending the $A higher.
Chinese investors front-run the dumb money
Patrick Commins 5:34 PM Next week's decision on including mainland shares in the MSCI emerging market index will be momentous for many index investors, and Chinese punters looking for a quick dollar.
Forensic investigation into Arrium collapse begins
Simon Evans 5:33 PM KordaMentha has begun a forensic investigation into why steel maker Arrium collapsed, with corporate regulator ASIC watching closely.
CSG wastewater tanks adrift in flood
Peter Hannam 5:16 PM What's in those bubbles, anti-CSG activists want to know.
CBD
James Packer's not so Happy Valley
Colin Kruger, CBD 5:08 PM It was a particularly dark and stormy weekend for James Packer's Crownbet and its $10 million punt on Racing Victoria's JV with Kerry Stokes, Racing.com.
