Business News, Economy, Finance & ASX Market News

Aboriginal Corporation 'defrauded' of $475,000

Uncle Bryon Powell stood down as chair of the Wathaurung Aboriginal Corporation earlier this year.

Sarah Danckert

As smoke billowed from the corroboree in Ballarat few were aware of the deep strife afflicting the indigenous corporation behind the event.

How to combat healthy living

Coca-Cola is battling to remain relevant as health consciousness increasingly drives decisions about food and drink.

COMMENT
Elizabeth Knight

Increasing health consciousness is driving decisions about what we drink and the profit to be made from it.

S&P; 500 at record's door

The S&P 500 closed Friday at 2,129.90, up 1.3 per cent for the holiday-shortened stretch.

Anna-Louise Jackson

That US stocks were able to erase their Brexit trauma was impressive enough. That they did it on a day bonds yields were flirting with all-time ...

FIFO workers come back to earth

IN DEPTH
Peter Ker

What was once a life of luxury in desert oases, with menus featuring crayfish and barramundi is now, thanks to the mining downturn, a bit more ...

IRS takes Facebook to court

Facebook disclosed the IRS was examining its taxes for 2008 through 2013.

Lynnley Browning, Kartikay Mehrotra

Federal tax officials have sought a court order demanding internal corporate records related to one of Facebook's offshore tax strategies.

ASIC punishes with velvet gloves

COMMENT
Adele Ferguson

If the corporate regulator wants to be known as the tough cop on the beat, it needs to do a lot better.

NAB trader hits out over rate rigging

NAB is the third of the big four banks to be sued over alleged manipulation of bank bill swap rates.

Sarah Danckert and Clancy Yeates

A National Australian Bank trader allegedly rigged the bank bill swap to the detriment of his colleagues.

Man with no plan, just a lot of flimflam

Getting the budget back to surplus will do nothing to create 'jobs and growth'.

COMMENT
Ross Gittins

Much talked-up pledge to generate 'jobs and growth' was a scheme to cut company tax plus a lot of fancy packaging.

Market Indices

Updated: July 8, 2016 - 4:44PM

Updated: July 8, 2016 - 6:01PM

Updated: July 9, 2016 - 6:38AM

Updated: July 9, 2016 - 2:00AM

United States Dollar

Price

0.7573

Percentage up/down

0.01% rise
Euro

Price

0.6853

Percentage up/down

0.01% rise
British Pound

Price

0.5846

Percentage up/down

0.00% steady

Updated: July 10, 2016 - 3:14PM

Herbert Smith Freehills HR Manager Andrea Bell and colleague Chele Dore.

Ditching performance reviews backfires

Anna Patty

H&M's empire spans more than 4000 stores across 62 countries.

Record low rates boost retailers

Andrew Johnston

ASIC punishes with velvet gloves

COMMENT

If the corporate regulator wants to be known as the tough cop on the beat, it needs to do a lot better.

Man with no plan, just flimflam

COMMENT

Pledge to generate 'jobs and growth' was a scheme to cut company tax plus plenty of fancy packaging.

How to combat healthy living

COMMENT

Increasing health consciousness is driving decisions about what we drink and profits to be made from it.

Equity prices are moderately cheap and the ASX will keep rising towards the end of the year.

ASX 200 index forecast to hit 5500 by end of the year

While global uncertainty looms ahead, some ...

Australian sharemarket tipped to rally on election relief, Wall Street gains

Fed to hold despite jobs surge, says Gross

S&P; 500 approaches all-time high

UK property funds solidly frozen

German bonds rally for seventh week

Fiat Chrysler Automobiles and Renault jumped more than 5.7 per cent after data showed China's car sales grew faster in ...

European equities lift on Italian banks

In a broad rally, the Stoxx Europe 600 gained ...

To create the conditions for brighter prospects for growth, prosperity and income distribution, the economy will need ...

Look for higher short-term yields, El-Erian

The June payrolls data offers a reassuring ...

The welcome report on Friday showed the largest single monthly job gains since October 2015. The three-month average of ...

US payrolls expand by 287,000 in June

The US economy added an unexpected 287,000 ...

The cost of a credit rating downgrade is hard to quantify.

What's a AAA credit rating and does it matter?

ANALYSIS

What is this rating, where does it come from ...

It is not confidence holding back young women from asking for a pay rise, it's the work environment.

Why women are less likely to push for a pay rise

Don't let the door hit you on your way out.

I quit! Seven ways to go out in style

The 41-year-old software giant's latest pitch to recruit the next generation of engineering talent came off more awkward ...

Microsoft invites interns to 'get lit', play beer pong

The concierge comes to office buildings

Four Seasons Hotel, Sydney. Picture Phil Carrick. Afr first USE!!!. Generic Luxury Hotels, tourism, porter, Concierge, ...

Front desk staff can bring the kind of service you'll find in a top hotel to an office tower near you.

What's a AAA rating, does it matter?

ANALYSIS

What is this rating, where does it come from and does it matter? Your AAA-rating questions answered.

Bitcoin's fate hinges on Chinese miners

The concentration of bitcoin activity in China has some worried that the system could become vulnerable to meddling by ...

Bitcoin is facing what could be the biggest hurdle to its growth since its emergence in 2009.

What's a AAA credit rating and does it matter?

ANALYSIS

What is this rating, where does it come from and does it matter? Your AAA-rating questions answered.

Ratings agency puts Parliament on notice

Standard and Poor's says the time to act is now or suffer the consequences.

The next Australian parliament has been put on notice: get your act together and fix the budget now, or expect a serious hit to the nation's credit status.

The department now sees iron ore averaging $US44.20 a tonne this year versus a $US45 forecast in March and a December ...

Australia cuts iron ore price forecasts

Australia on Friday cut its 2016 price forecast for the country's biggest export earner iron ore by nearly 2 per cent to well under current prices, citing concerns over slowing growth in demand and said it sees little change in 2017.

Get a grip, it's politics as usual

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

COMMENT

The election result isn't the equivalent of an Antipodean Brexit or a Trump. Heck, we haven't even changed our PM for 10 months. Well, not yet anyway.

The downgrade that will make mortgages cheaper

Standard and Poor's has little patience with the forecasts of Malcolm Turnbull's first budget.

COMMENT

Standard & Poor's has just made your mortgage cheaper.

Federal election 2016: Standard and Poor's puts Australia's AAA credit rating on negative outlook

Scott Morrison says Standard & Poor's outlook reaffirms his government's approach to budget restraint.

Ratings agency Standard & Poor's has cut the outlook on Australia's coveted AAA credit rating to negative after an unresolved federal election result and high levels of debt.

Facebook's $33m earnings questioned

Advertising insiders have rejected Facebook's accounts that show the social media giant generated just $33.6 million in ...

Madeleine Heffernan

"If they only wrote $33 million in revenue I'll dance nude in the city during peak hour," an advertising executive says.

Coca-Cola Amatil, Brumby's in legal stoush

Nutella hot cross buns from Brumby's Bakery.

Madeleine Heffernan

Soft drink giant succeeds in closing down company that owned bread store in Queensland.

H&M; inks tax deal

Madeleine Heffernan

Fast-fashion retailer is one of a growing number of multinationals locking in their Australian tax.

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.

ClearView looks to Asia for new backer

ClearView Wealth managing director Simon Swanson ruffled a few industry feathers when he called plans for reforming the ...

29m ago

ClearView boss Simon Swanson is looking to the mid-market insurers of Japan, South Korea and China to try to find a new business partner.

The number of ATMs is declining, as consumers make greater use of digital payments.

ATMs on the decline

The popularity of digital payments appears to finally be cutting back the number of automated teller machines, as consumers take out cash less frequently.