Business News, Economy, Finance & ASX Market News

More capital 'likely' for the big four banks: APRA

APRA made it clear that further increases in capital would be needed.

The big four probably have more work to do in building up their buffers against shocks.

Athlete Foot's finds the right fit

RCG Corp has agreed to pay as much as $105 million for footwear chain Hype DC.

Fifteen months after its transformative $200 million acquisition of Accent Group, RCG has agreed to pay as much as $105 million for Hype DC.

Big business not giving up on their dream

Cuts 060516 afr portfolio illo karl hilzinger managed funds returns declared after tax cuts percent percentages ...

The business lobby will double down in its campaign to have the company tax rate for large corporations cut.

Pauline proposes a new bank

It is doubtful One Nation could look to appoint Australia Post boss Ahmed Fahour to head the Pauline Bank.

Hold the political panic

Square, dink, dinks, dinkus, head shot, business, Michael Pascoe,

COMMENT

Why exactly are we self-flagellating over a close election?

Japan's Line raises price of $US1.1b IPO

Messaging service Line is raising its IPO price amid strong investor demand.

Line Corp hiked the price of its initial public offering to raise as much as ¥116 billion ($US1.1 billion), citing strong demand and market ...

7-Eleven franchisee fined $150,000

7-Eleven has been subject to a massive crackdown by the Fair Work Ombudsman.

A 7-Eleven franchisee who systematically underpaid staff while simultaneously building up a $3 million property portfolio has been fined $150,000.

Banks still facing the blowtorch

ANZ, Westpac and now National Australia Bank are all caught up in the ASIC's rate rigging investigations. What about the ...

COMMENT

Even if banks avoid a royal commission, political pressure is unlikely to let up.

Market Indices

Updated: July 4, 2016 - 2:39PM

Updated: July 4, 2016 - 4:01PM

Updated: July 2, 2016 - 5:15AM

Updated: July 4, 2016 - 11:04PM

United States Dollar

Price

0.7544

Percentage up/down

0.61% rise
Euro

Price

0.6774

Percentage up/down

1.41% rise
British Pound

Price

0.5680

Percentage up/down

1.30% rise

Updated: July 4, 2016 - 10:49PM

A lot to think about. But RBA governor Glenn Stevens will not cut rates this week, say economists.

Election logjam won't force RBA rate cut

The bank's website was down on Monday and ATMs and EFTPOs transactions failed.

Bankwest customers left without cash

A hung Parliament can produce instability and the possibility of flipping between governments.

Hung parliament effect: 2010 and now

Australian shares largely ignored the unresolved election debacle from the weekend.

ASX gains despite election uncertainty

Pauline proposes a new bank

It is doubtful One Nation could look to appoint Australia Post boss Ahmed Fahour to head the Pauline Bank.

Hold the political panic

COMMENT

Why exactly are we self-flagellating over a close election?

Australia's own Brexit moment

Australia has delivered its contribution to political and economic uncertainty - it's our own Brexit moment.

Dr Amantha Imber knows it's possible to develop creativity.

Practical ways to supercharge your creativity

Instantly boost your ability to generate great ideas at work.

The world is your oyster when it comes to finding your feet.

Ready for a career rebuild?

Ways to make reinvention energising, profitable and fulfilling.

The CFMEU has launched court action against WorkSafe ACT for allegedly advising a developer not to let officials on to a ...

CFMEU an 'embarrassment to unions'

Judge blasts building union's "notorious" record of violating workplace law.

Hung parliament syndrome: 2010 and now

Shares managed to shake off the uncertainty ...

Japan's Line raises price of $US1.1b IPO citing demand

ASX gains despite election uncertainty

Markets Live: Poll fears fade

Live

Austal slumps after US Navy cost blow-out

Election logjam won't force RBA rate cut

Election has markets bracing for uncertainty

Sharemarkets are set to struggle with the result in the short-term.

need2know: Election uncertainty to weigh

Local shares were poised for a positive ...

Retail investors were snapping up the oversold pound through ETFs during Brexit, BetaShares says.

Retail investors seize on Brexit turmoil

ETF movements during the Brexit vote showed ...

"People panicked and sold at the lows, thinking it would get worse, but it didn't," said Pravit Chintawongvanich, head ...

Closed shorts bolster S&P; 500

Every precaution taken against disaster by US ...

The stars of the European Union sit on banners flying in front of headquarter skyscraper offices of the European Central ...

Risks rise for global central banks

Amplified structural headwinds are exposing ...

Olympic ad floodgates swing open

A small rule change has transformed the Rio Olympics into a crowded race for attention among dozens of brands.

Death forces Tesla to confront its limits

In the past, CEO Elon Musk has been able to move quickly past issues related to Tesla's quality and safety.

Billionaire Elon Musk's determination to push limits has hit its most formidable roadblock.

How China took control of Bitcoin

In its early conception, bitcoin was to exist beyond the control of any single government or country.

Chinese companies have in effect centralised control over a currency designed to be borderless.

Big business not giving up the dream

The business lobby will double down in its campaign to have the company tax rate for large corporations cut.

AAA credit rating safe, for now

Moody's senior vice-president, Marie Diron, said the short-lived political uncertainty would have "limited" credit ...

Credit ratings agency Moody's says Australia's triple-A rating is not under immediate threat from the election outcome, but could be if the deficit isn't wound back.

Australia's own Brexit moment

Australia has delivered its contribution to political and economic uncertainty - it's our own Brexit moment.

Hold the political panic

COMMENT

Why exactly are we self-flagellating over a close election?

Job ads rise for second month

Total job advertisements rose 0.5 per cent in June.

Job advertisements up again in an encouraging sign the economy is growing fast enough to generate demand for labour.

Petrol, food costs lift inflation gauge

Contributing to the overall change in June were price rises for automotive fuel, holiday travel and accommodation and ...

A private-sector gauge of consumer prices rose sharply in June on higher costs for petrol and food, though measures of underlying inflation remained muted.