Business News, Economy, Finance & ASX Market News

Cashing in on Pokemon

IN DEPTH
Lucy Battersby and Thomas Hounslow

What started as a smartphone game born from a 2014 April Fools' Day prank is now creating business opportunities that simply did not exist last ...

Gutnick is once again a diamond in the rough

Fighting his AFL club Melbourne's planned merger with rival Hawthorn in 1996.

Sarah Danckert and Mark Hawthorne

In his many legal disputes, Joseph Gutnick has always relied on Australian courts, even when dealing with his own close-knit religious ...

Turkey coup hits markets

Turkey's lira fell the most in eight years as the coup unfolded.

Ye Xie and Elena Popina

Turkey's lira plunged the most in eight years, an exchange-traded fund tied to the country's shares declined and U.S. Treasuries ticked higher ...

Bob Jane bankrupt after Mitchell action

Bob Jane has declared himself bankrupt, owing millions to the Tax Office and other creditors.

Patrick Hatch and Sarah Danckert

Tyre king Bob Jane has been forced into bankruptcy after Harold Mitchell, his mate of four decades, pursued him over a $200,000 debt.

Think twice before opening the government coffers

COMMENT
Ross Gittins

Labor's Mediscare will have a benefit if it causes our politicians to think twice before they resort to 'outsourcing' the provision of government ...

S&P; 500 slips after rally

US shares have added almost $US2 trillion since June 27 as the benchmark index climbed 8 per cent.

Oliver Renick and Bailey Lipschultz

US stocks closed flat, with the S&P; 500 Index slipping to halt its longest rally in four months.

Shades of grey in stand-off over super emissions

The window on curbing climate change is more narrow than many realise, a new study argues.

COMMENT
Adele Ferguson

Being seen to be a responsible company has become big business, both financially and reputation-wise.

Coca-Cola coffee and milk are on the way

Coca-Cola is concentrating on the breakfast sector.

Gerson Freitas Jr.

Coca-Cola Co. is planning to sell packaged arabica coffee beans to Brazilian consumers as the world's largest soft-drink producer expands in ...

Market Indices

Updated: July 15, 2016 - 4:38PM

Updated: July 15, 2016 - 6:01PM

Updated: July 16, 2016 - 7:15AM

Updated: July 16, 2016 - 2:00AM

United States Dollar

Price

0.7581

Percentage up/down

-0.01% fall
Euro

Price

0.6872

Percentage up/down

0.01% rise
British Pound

Price

0.5748

Percentage up/down

-0.02% fall

Updated: July 16, 2016 - 7:15AM

Actor Peter Phelps: "Kids future. Farm. Gone."

Gutnick's trail of debt leads to convicted US fraudster

EXCLUSIVE
Mark Hawthorne and Sarah Danckert

Shades of grey in stand-off

COMMENT

Being seen to be a responsible company has become big business, both financially and reputation-wise.

Think before opening the coffers

COMMENT

Labor's Mediscare will have a benefit if it causes our politicians to think twice before they resort to 'outsourcing'.

Few could disrupt like Keating

Change the only constant: Prime Minister Paul Keating speaking to John Laws in 1993.

COMMENT

Change is the only constant. The question is if our leaders can take people with them as confident participants.

Turks help cut short an attempted military coup in the capital, Ankara. Market reaction is expected to be mainly muted.

Markets likely to shake off renewed uncertainty

Renewed geopolitical jitters are expected to ...

RBA would need extreme event to trigger QE

Citigroup profit falls less than expected

Swatch drops as profit outlook dims

China rolls out record steel in June

The S&P 500 fell 0.2 per cent to 2159.01 at midday in New York. If the index closes higher, it will mark a fifth ...

Global equities lower, $US advances

US stocks slipped and the greenback rose as ...

Markets are not a big fan of uncertainty.

ASX powers to 11-month high

The ASX has climbed its way to an 11-month ...

Markets Live: ASX makes it lucky seven

Live

Banks drive solid weekly gains as shares ...

RBA assistant governor Christopher Kent said the likelihood of the bank having to consider using unorthodox measures is ...

RBA sees policy mix defence

The RBA would likely consider unconventional ...

Dr Jenny Brockis wants people to spend more time with themselves.

Why your state of mind matters more than your CV

Jenny Brockis

A 2013 study found that while bright lights can make workers more alert, dim lights can make them more creative and ...

Office lighting can boost your productivity

Employees can make or break your business.

Why you should be nice to ex-employees

Pokemon Go drivers cashing in

An unexpected complementary industry has popped up alongside the recent Pokemon Go craze.

Job figures are out

The unemployment rate has risen in June and the opposition has attacked the Government's economic plan.

Boom time for City of Sydney

Animation of "new tower clusters" to reshape the city's skyline over the next couple of decades.

Shanghai has tightened criteria for some home buyers.

Chinese real estate rebounds

China's real estate sector grew faster than the overall economy in the second quarter as new home purchase restrictions in the biggest cities failed to deter buyers.

Why austerity measures don't work

George Osborne had been Chancellor of the Exchequer since the Conservatives won office in 2010.

COMMENT

What if the prime minister sacked the treasurer and promised to govern for everyone, not just those near the top?

Think twice before throwing open the government coffers

COMMENT

Labor's Mediscare will have a benefit if it causes our politicians to think twice before they resort to 'outsourcing' the provision of government services.

Turn away from globalisation world's top challenge: IMF

IMF head Christine Lagarde: "The greatest challenge we face today is the risk of the world turning its back on global ...

The risk of countries turning their back on global co-operation is the biggest challenge facing the world, says IMF managing director Christine Lagarde.

China GDP slightly better than expected

Second quarter GDP rose 1.8 per cent quarter-on-quarter.

China's economy grew 6.7 per cent in the second quarter from a year earlier as the government stepped up efforts to stabilise growth in the world's second-largest economy.

Insolvencies jump for first time since GFC

Joe Gutnick, whose debts stand at $275 million, issued a $2.7 million loan just 16 days before going bust.

The number of Australians becoming bankrupt or insolvent has jumped for the first time since the global financial crisis.

Just how much actual fruit is in a fruit snack bar?

Choice found snack bars by Kellogg's and Aldi were misleading for using images of real fruit on their packaging.

Lucy Cormack
36m ago

Just because the packet shows pictures of fruit, doesn't mean it contains actual real fruit.

Shorts circle as Woolworths considers its options

CEO Brad Banducci will release his first full-year results for Woolworths next month.

Madeleine Heffernan

It's gone from market darling to one of biggest shorts in Asia in dollar terms. As Woolworths readies to release its annual results and a strategic review, some suggest the country's biggest retailer will launch a surprise capital raising too.

Catch Group sales process at pointy end

Madeleine Heffernan

Online retailer Catch Group, which is part-owned by billionaire James Packer and Seek co-founder Andrew Bassat, is in the final stages of a sales process.

Citigroup's second-quarter net income dropped to $US4 billion, or $US1.24 a share, from $US4.85 billion, or $US1.51, a ...

Citigroup profit falls less than expected

Citigroup's profit outlook remains challenging for the rest of this year and next.

Investing in major banks is set to 'change profoundly'

Cutting costs and exiting wealth management and institutional banking are required to prosper in the next phase of ...

The banks may have to trim staff numbers by 10 per cent just to tread water in a new, dull, low-profit era, say Citi analysts.

Fred Ohlsson, ANZ's group executive for Australia, says margins will be affected by strong competition for deposits and ...

Deposit competition heating up, says ANZ

Banks are competing more fiercely to attract household deposits as lenders also slug it out in a slower-growing mortgage market.

Timbercorp investors' win may be short-lived

Timbercorp victims have campaigned for action.

A legal victory for Timbercorp investors faces a potential High Court challenge.

Ex-Wickham Securities boss pleads guilty

The ex-chief executive of collapsed property loan syndicator Wickham Securities has pleaded guilty to 21 charges, including fraud.

Carney opens Lehman playbook

Bank of England governor Mark Carney has some big decisions to make.

Mark Carney looks poised to repeat a strategy that served him well during the global financial crisis.

Just how much actual fruit is in a fruit snack bar?

Lucy Cormack
36m ago

A glass of water from the tap just isn't cutting it any more, as Australians guzzle more bottled water than ever.

7 of 34 bottled water brands just 'purified' tap water

Esther Han and Emily Smith

A Facebook post claimed the anti-same-sex marriage flyer came bundled with a Sydney Water bill, however the utility said ...

Sydney Water investigates anti same-sex marriage flyer allegedly found in bills

Lucy Cormack

Oil flows through Turkey's energy corridor unhindered as coup ends

Oil prices have not been affected by the attempted coup in Turkey.

Oil is flowing unhindered through Turkey's pipelines and waterways, one of the world's largest energy trading corridors, after a coup attempt against President Recep Tayyip Erdogan failed.

Concerns grow about Tesla's Autopilot feature

Tesla's autopilot device may not be all it seems.

Tesla drivers using the Autopilot device are told they must be ready to grab control of the car if needed

Chinese steel production was strong in June.

China's old economy springs June surprise with steel record

China churned out a record amount of steel daily in June as mills in the world's top producer boosted supply to take advantage of a rebound in prices

Coca-Cola coffee and milk are on the way

Coca-Cola Co. is planning to sell packaged arabica coffee beans to Brazilian consumers as the world's largest soft-drink producer expands in breakfast beverages.

Line jumps in debut of 2016's biggest tech IPO

FILE - In this March 24, 2016, file photo, Line Corp. Chief Strategy and Marketing Officer Jun Masuda speaks during a ...

Messaging company Line Corp raised more than $1.3 billion in the year's biggest tech float.

Oil and shipping markets on edge after South China Sea ruling

The disputed islands lie athwart one of the main trade routes between China and Australia.

Global oil and shipping markets have reacted nervously to a ruling which rejected Beijing's claims to disputed islands which lie athwart one of the main trade routes between China and Australia.