Business News, Economy, Finance & ASX Market News

Bestjet accused of misleading customers

Paulina Olszanka said she booked flights to Poland through the company in March but had her tickets cancelled after she ...

Georgia Wilkins

Travellers have accused budget airfare website Bestjet of misleading behaviour, saying it is cancelling reservations and asking for more money ...

AussieSuper boss backs royal commission

The Turnbull government will have to discard some of its superannuation reform plans, according to Ian Silk of ...

Sarah Danckert

AustralianSuper's head Ian Silk says the $100 billion fund is supportive of a royal commission into the financial services sector.

Call it the drift economy

The question is how long the lacklustre status quo can last.

IN DEPTH
Rich Miller, Enda Curran and Jeff Black
55m ago

The world somehow manages to stay afloat yet doesn't go much of anywhere very fast.

Hats off for Andrea Sutton

Colin Kruger, CBD
1h ago

CBD was very interested to see that one of ERA's former miners has found a way to make gold from the uranium miner.

Pokemon offers taste of success

The new Pokemon Go app has people exploring their surroundings looking for 'pocket monsters'.

Pavel Alpeyev and Yuji Nakamura
51m ago

Nintendo is giving people a good idea of what a smartphone hit looks like with the success of Pokemon Go.

UFC sells itself for $US4 billion

The growth of the sport has made big stars of fighters such as Ronda Rousey and Holly Holm.

Michael J. de la Merced

The sale of the popular mixed-martial arts series is the biggest in sports history.

Markets unfazed by renminbi's fall

A weaker renminbi means more competitive export prices.

Mark Mulligan

Britain's decision to leave the European Union has hammered the pound sterling, but it has not been the only currency to depreciate in recent weeks.

Chinese tourists highlight Australia's shift

Exports of services, including a surge in Chinese tourists to Australia, are helping to limit the pain of a mining slump.

ANALYSIS
Clancy Yeates

How a Chinese tourism boom, and a slide in the number Australians jetting to Bangkok, symbolises big changes in our economy.

Market Indices

Updated: July 11, 2016 - 4:38PM

Updated: July 11, 2016 - 6:01PM

Updated: July 12, 2016 - 12:48AM

Updated: July 12, 2016 - 12:49AM

United States Dollar

Price

0.7524

Percentage up/down

-0.59% fall
Euro

Price

0.6808

Percentage up/down

-0.51% fall
British Pound

Price

0.5813

Percentage up/down

-0.48% fall

Updated: July 12, 2016 - 12:34AM

MELBOURNE, AUSTRALIA - MAY 30: Indian tycoon Pankaj Oswal is seen at the William Cooper Justice Centre on May 30, 2016 ...

Oswals fled Australia when 'game was up'

Megan Neil

NAB cuts fixed home loan rates

Clancy Yeates

Eight-year-old Luca Portwin tucks into a Paddle Pop.

'Healthy' snacks not up to standards

Esther Han

Hats off for Andrea Sutton

1h ago

CBD was very interested to see that one of ERA's former miners has found a way to make gold from the uranium miner.

Chinese highlight Australia's big shift

ANALYSIS

How a Chinese tourism boom, and a slide in the number Australians jetting to Bangkok, symbolises big changes in our economy.

Moody's delivers an ultimatum to Australia

A debate is now raging about what sort of government Malcolm Turnbull should lead.

COMMENT

The second of the world's large ratings agencies, Moody's, has effectively put the new Turnbull Coalition government on probation.

Nowhere fast: drifting world economy skirts worst but still lags

IN DEPTH
55m ago

Call it the drift economy. The world somehow ...

Citigroup 'bullish commodities' for 2017

Sales lift boosts Sirtex shares

Expensive defensives nearing 'inflection point'

Primary Health cuts annual profit guidance

Australian sharemarket jumps 2pc, buoyed by strong US lead

Markets are not a big fan of uncertainty.

Markets Live: ASX back in black

Live

A $31 billion rally erases the year's losses.

Markets unfazed by renminbi's quiet depreciation

Britain's decision to leave the European ...

"It's been a disappointing expansion, just drifting along," said Peter Hooper, chief economist for Deutsche Bank ...

The drift economy, going nowhere fast

ANALYSIS

The world somehow manages to stay afloat yet ...

Peter Gregg's vision for Primary Health Care has yet to emerge after his first two weeks as CEO.

Primary Health cuts profit guidance

Primary's shares fell after it warned a ...

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

Ditching performance reviews backfires: study

Anna Patty

Mary Brittain-White, CEO of Retriever Communications.

A quiet revolution against fear of office politics

IN DEPTH
Anna Patty

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

Pokemon craze come with dangers

VIDEO: Brisbane gamers are playing the "addictive" Pokemon Go app, chasing characters while staring at their phones.

Australian Geographic stores to close

VIDEO: The loss-making Australian Geographic retail chain of 67 stores is set to disappear within the next year unless a new owner is found.

Facebook's $33m earnings questioned

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

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

Moody's raised concerns that the two parties will be able to work in cohesion when it comes to the nation's economy.

Moody's delivers an ultimatum to Australia

COMMENT

The second of the world's large ratings agencies, Moody's, has effectively put the new Turnbull Coalition government on probation.

Chinese highlight Australia's big shift

ANALYSIS

How a Chinese tourism boom, and a slide in the number Australians jetting to Bangkok, symbolises big changes in our economy.

The drift economy, going nowhere fast

ANALYSIS

The world somehow manages to stay afloat yet doesn't go much of anywhere very fast. And it looks set to do it again in the coming year.

Home loan approvals fall 1%

The change is significant because while other banks have reduced discounts for new investors, ANZ's move affects ...

The number of home loans approved fell 1 per cent in May, beating market expectations of a 2 per cent drop.

Worrying about AAA is so 1980s

Bob Hawke talks with Paul Keating at a reception in Bankstown in 987.

COMMENT

Politicians aside, S&P; negative credit rating outlook was met with deafening silence in markets.

Business says immigration crucial for GDP

Pauline Hanson supports reduced immigration.

Business has warned the 45th parliament a brake on migration would hurt economic growth.

Canberra's Australian Geographic stores set to close

There are 67 Australian Geographic stores around the country. But they are about to close.

Three Australian Geographic stores in Canberra are among those likely to disappear unless a new owner is found for the group.

Bestjet accused of misleading customers

Georgia Wilkins

Travellers have accused budget airfare website Bestjet of misleading behaviour, saying it is cancelling reservations and asking for more money for new flights.

Billabong to settle class action for $45m

The surfwear company says the settlement is not an admission of liability.

Sarah Danckert

Billabong will pay $45 million to settle a shareholder class action over the timing of earnings downgrades that sparked massive share price falls in 2011.

AussieSuper boss backs royal comission

AustralianSuper's head Ian Silk says the $100 billion fund is supportive of a royal commission into the financial services sector.

NAB cuts fixed home loan rates

NAB says it is passing on the lower cost of fixed-rate funding to customers.

NAB's fixed rates for various owner-occupied home loans have reached new lows among the big four, and may signal a step-up in competition in the mortgage market.

Home loan approvals fall 1%

The number of home loans approved fell 1 per cent in May, beating market expectations of a 2 per cent drop.

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 ...

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.

ATMs on the decline

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

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

ASIC assignment of investigators 'like sending a child to Hunger Games'

COMMENT

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

Roy Hill ramp-up boosts Port Hedland record

Australia's top commodity port has set a new monthly record for iron ore exports.

A record volume of iron ore was shipped through Port Hedland in June, fuelling expectations that Fortescue will beat its export guidance

Citigroup 'bullish commodities' for 2017

Citigroup tips commodities, such as copper, to surge as the damage done by Brexit fades.

Forget Brexit, go for raw materials. Citigroup is bullish on the outlook for commodities in 2017 as the impact of the UK vote to quit the EU will fade, global growth chugs along and investors will plow more cash into funds.

A suitor has emerged for Sherwin Iron's Roper River iron ore miner in the NT.

Restart looms for first victim of iron ore crunch

The first Australian victim of the iron ore price collapse could soon be back in operation

Nowhere fast: drifting world economy skirts worst but still lags

IN DEPTH
55m ago

Call it the drift economy. The world somehow manages to stay afloat yet doesn't go much of anywhere very fast.

UFC sells itself for $US4 billion

The sale of the popular mixed-martial arts series is the biggest in sports history.

Theranos chief barred from running lab

Elizabeth Holmes was once dubbed the Steve Jobs of biotechnology, and not just because of the black turtleneck.

Federal regulators have barred Elizabeth Holmes from owning or operating a medical laboratory for at least two years, endangering the future of the embattled blood-testing start-up.