Business News, Economy, Finance & ASX Market News

Tap into the 'new golden age'

'The Chinese in particular, have a thirst for high-quality premium brands.'

Catie Low

Suisse chief Radek Sali is urging Australian businesses to tap into the 'new golden age' of trade with China.

Why the RBA will probably cut on Tuesday

There's room to more fully use the labor force and to prop up economic growth.

COMMENT
Peter Martin

Never keen about cutting rates unless it's an emergency, Reserve Bank governor Glenn Stevens been able to escape one last cut, until Wednesday.

Rio Tinto staff brace for fresh shake-up

Rio Tinto shares closed on Wednesday at $49.60.

Peter Ker

Rio Tinto staff are bracing for another round of restructuring and cutbacks with changes expected in Australia and Mongolia

Nicholas Moore would like some more

Carolyn Cummins

Macquarie Group's banker in chief Nicholas Moore may want to put out some decent bikkies for shareholders.

Odds of another rate cut lengthen

Patrick Hatch

Annual inflation falling to a 17-year low hasn't been enough to stop market watchers rolling back their expectations of another interest rate cut.

Nando's franchisees rebel against head office

Chicken chain Nando's is copping heat from franchisees who say they are being pressured into costly upgrades.

EXCLUSIVE
Liam Mannix

Chicken giant Nando's allegedly used private security guards to take over a restaurant as part of a war against its largest franchisee.

How Australians stopped eating Eagle Boys

While Eagle Boys' customer numbers plummeted, Domino's Pizza's soared.

Esther Han

Eagle Boy Pizza's collapse is no big surprise. Its customers, more than that of any other pizza chain, are likely to be eating out at rivals.

Immersive technology soars in Australia

Jobs data shows skilled augmented and virtual reality professionals were already in high demand.

Nick Toscano

The number of Australians seeking out 'virtual reality' jobs on the world's biggest job search engine has almost tripled.

Market Indices

Updated: July 27, 2016 - 4:41PM

Updated: July 27, 2016 - 6:09PM

Updated: July 28, 2016 - 12:55AM

United States Dollar

Price

0.7470

Percentage up/down

-0.43% fall
Euro

Price

0.6789

Percentage up/down

-0.59% fall
British Pound

Price

0.5693

Percentage up/down

-0.35% fall

Updated: July 28, 2016 - 12:40AM

Confidence seems to be improving all around.

ASX flattened as odds of rate cut fall

Jessica Sier

The jobs that didn't exist last time we had a Census

Kim Arlington

The landslide election victory by Japanese incumbent PM Shinzo Abe bought with it the promise of more economic stimulus.

Japan plans $354 billion stimulus: report

Isabel Reynolds and Keiko Ujikane

The High Court dismissed an appeal from ANZ Bank customers on Wednesday, ending a class action that has been running for ...

After six years, ANZ wins bank fee case

Clancy Yeates

Why the RBA will probably cut rates

COMMENT

Reserve Bank governor Glenn Stevens might have been able to escape one last cut, until Wednesday.

Moore would like some more

CBD Macquarie Group's banker in chief Nicholas Moore may want to put out some decent bikkies for shareholders.

Is it time to break up the banks?

The idea of reinstating Glass-Steagall seems to sit directly behind potentially unmovable obstacles.

ANALYSIS

Somehow, it appears that Bernie Sanders and Donald Trump do agree on something.

ASX flattened as odds of rate cut fall

The ASX ended the day up by the slimmest of ...

Why T. Rowe Price likes outdoor advertising

Markets Live: Inflation no smoking gun

Live

Odds of another rate cut lengthen

Gas market shake-up aimed at lowering prices

Japan plans $354 billion stimulus: report

Nickel price surge opens the door for Independence Group raising

The bid to wind up AMP China Growth fund will cut off investment access for local investors to the China story.

Shareholders look set to wind up AMP China fund

It is all but certain the AMP Capital China ...

The Big Mac index was created in 1986 to make exchange rate theory more digestible.

Drop the Big Mac, use the iPhone index

For years, traders have compared burger ...

QBE told investors at a briefing in May that it had "strategic appetite" to invest up to 15 per cent of its portfolio in ...

Australian insurers pressed by low yields

Dwindling bond yields are challenging some of ...

The rally that pushed the S&P 500 up for four straight weeks has faltered as the Fed kicks off a two-day meeting

Wall St flat amid mixed earnings

Earnings tugged US stocks in opposite ...

Careful what you look up from the work computer: Bikini-clad contestants in the 2015 Miss Universe Pageant.

Sacked for looking at women in bikinis

Patrick Hatch

Many suggest we should reflect upon our interests and choose a compatible occupation.

Give chance a go in your rock-solid career plan

Jim Bright

AB Recycling manager Leandro Guisasola in an advertisement for High Heat.

Business liquidated to escape $800k fine

Nick Toscano

New front in war against wind

Are claims that wind power are pushing up power prices correct? Age economics editor Peter Martin explains.

Samsung washing machine ignites

Phoebe Teitzel's in her laundry at her Glenhaven home. her washing machine caught on fire. She was told last year her ...

A Glenhaven womanâs washing machine burst into flames after Samsung mistakenly told her it was safe to use.

ANZ Bank wins in High Court case

Fairfax's Clancy Yeates explains what the win means for ANZ

Why the RBA will probably cut on Tuesday

COMMENT

Never keen about cutting rates unless it's an emergency, Reserve Bank governor Glenn Stevens been able to escape one last cut, until Wednesday.

Inflation plunge puts Reserve on standby to cut rates

The August meeting is RBA Governor Glenn Stevens' second-last before he is replaced by his deputy Philip Lowe.

Reserve Bank governor Glenn Stevens is considering cutting interest rates in one of his last acts in the job following news that Australia's official inflation rate has fallen to just 1 per cent.

Hillary Clinton has secured the Democratic nomination for president.

Union boss says Hillary Clinton will 'try to redo' free trade deal

Hillary Clinton would renegotiate the US free trade agreement with Canada and Mexico if she were elected president, a union leader has claimed.

Inflation at lowest level since 1999

The consumer price index rose just 1 per cent from the same period a year earlier.

Annual inflation has fallen to its lowest level in 17 years, opening the door for a potential interest rate cut when the Reserve Bank board meets next week.

The male breadwinner is an outdated relic

COMMENT

It is time to dispense with a relic lingering at the core of our economy: the male breadwinner.

Welcome to the age of fear

Donald Trump's biggest and most dangerous lie is convincing a large proportion of the population that America is not ...

COMMENT

What is the driving force that has thrusted Donald Trump and Pauline Hanson into the limelight? Fear.

Tap into the 'new golden age'

Catie Low

Suisse chief Radek Sali is urging Australian businesses to tap into the 'new golden age' of trade with China.

Striking staff picket Coles warehouses

Nick Toscano

Hundreds of workers at Coles supermarkets' cold storage warehouse in Victoria have walked off the job indefinitely.

Did a fashion giant rip off this design?

Lucy Cormack

International fast-fashion giant Zara has been accused of plagiarising the print and accessory designs of more than 40 independent artists around the world.

After six years, ANZ wins bank fee case

The High Court has delivered the final blow to a long-running legal battle over bank fees, upholding a decision that ANZ Bank was entitled to charge late payment fees of up to $35.

Banks team up in Apple Pay talks

Apple introduced the mobile payment system in Australia last year with American Express. ANZ Bank is the only big four ...

The big banks want to join forces and negotiate as a bloc with technology giant Apple over the mobile payment service.

Australian insurers pressed by low yields

Dwindling bond yields are challenging some of Australia's most conservative institutional investors.

Morrison should hold the line on super changes

Scott Morrison should stick to his guns on planned superannuation changes, OECD research suggests.

COMMENT

Winding back tax breaks that exacerbate inequality finds support in a new report.

NAB eyes the 'heartland' with shakeup

NAB chief executive Andrew Thorburn sees positive signs in business credit growth.

National Australia Bank is vowing to sharpen its focus on domestic businesses and consumers.

Bank sold debt after woman failed to pay for account she didn't want

Patricia Howard was caught between a rock and a hard place

Patricia Howard's first hint that something was wrong came when one of her credit cards was cancelled. Then the debt collectors started calling her.

Pay no attention to big coal. Wind power is doing just fine

Pacific Hydro's Challicum Hills wind farm, near Ararat, the biggest such farm in the Southern Hemisphere.

COMMENT

First it was dead birds, then noise. Now wind farms are being blamed for destroying the electricity market and pushing prices as high as $14,000 per megawatt hour.