Business News, Economy, Finance & ASX Market News

Death in paradise: ASIC asleep to Ponzi scheme

Police at the Warana beach where Steve Halgryn was found.

Sarah Danckert

When the body of financial adviser Steve Halgryn washed up on a Sunshine Coast beach, the initial focus was finding out how he died.

Devils are in the detail in super life insurance

Not all super funds are looking after their members. Illustration: Matt Davidson

Adele Ferguson

Jeff Hudson amassed 14 kilograms of letters and documents in the nine years he spent fighting REST Industry Super.

'Piggies' need to go to a royal commission

The banks' half-year profits are expected to top $15 billion, but bad debt costs are on the rise.

COMMENT
Adele Ferguson

It is hard to comprehend why the Coalition is so against a royal commission to get to the nub of what is going wrong.

Why the official interest rate is at a new low

The $A has rallied 5.6 per cent this month, the best performance among Group-of-10 currencies.

COMMENT
Ross Gittins

The trouble with the Reserve Bank's continuing cuts in the official interest rate is that it could leave people thinking the economy's in bad shape.

How Australia's worst airline turned around

Patrick Hatch

Tigerair, once the laughing stock of Australian aviation, says it has won back the trust and patronage of Australians.

S&P; 500 closes at record high

The S&P 500 gained 18.6 points, or 0.86 per cent, to 2182.85

US stocks notched their best day in a month on Friday, helped by robust labour market data.

ACCC says too many cartels in Australia

ACCC chairman Rod Sims: "Hopefully this will send a clearer signal on cartel conduct."

Madeleine Heffernan

Competition watchdog says it will advocate for "commercially relevant penalties" for misbehaving companies.

Oswals catch a break in legal stoush

Radhika Oswal (right) will give evidence in the court case against ANZ.

Sarah Danckert

As Pankaj and Radhika Oswal battle with ANZ and receivers at PPB, a Federal Court order in Perth will make life easier for the billionaire couple.

Market Indices

Updated: August 5, 2016 - 4:41PM

Updated: August 5, 2016 - 6:08PM

Updated: August 6, 2016 - 7:15AM

Updated: August 6, 2016 - 2:00AM

United States Dollar

Price

0.7623

Percentage up/down

-0.01% fall
Euro

Price

0.6876

Percentage up/down

-0.06% fall
British Pound

Price

0.5832

Percentage up/down

0.00% steady

Updated: August 6, 2016 - 9:00AM

Wages battle breaks out at Crown Casino

Nick Toscano

Ultimo and Darling Harbour are being targeted by developers.

Time is of the essence for speculators

Victor Sheu

Artist David Bromley with the new Mercedes Van he's just upgraded.

Lord, won't you buy me a Mercedes-Benz? Or an Audi

Mark Hawthorne

Euromonitor said children's breakfast cereals had declined for several years.

Australians chowing down on cereal

Madeleine Heffernan

Our dollar soared during the resources boom but dropped back when commodity prices fell.

Why the official interest rate is at a new low

COMMENT
Ross Gittins

'Piggies' need to go to a royal commission

COMMENT
Adele Ferguson

It took 50 years for television to reap 30 per cent of all advertising dollars.

There is still a place for old media

COMMENT
Harold Mitchell

S&P; 500 closes at record high

"Company guidance and our estimates suggest that copper is entering the eye of the supply storm," Goldman analysts ...

Copper to plunge amid 'supply storm'

Bloomberg News

Aluminum for delivery in three months climbed 1.4 per cent to settle at $US1645 a tonne at 5.50pm on the LME, posting a ...

Aluminium advances as Chinese stockpiles sink

Agnieszka de Sousa

European banks are reorganising and trying to sell assets into a falling market.

Goldman flags adverse Brexit impact on business

US economy adds 255,000 jobs in July

Nelson D Schwartz

Squeezed Australian banks give more to savers even as RBA cuts rates

Benjamin Purvis, Narayanan Somasundaram

Calm and in control: Yoga will make you appear calm and collected on your CV, says career consultant Alyssa Gelbard.

12 hobbies that look great on your résumé, and one that doesn't

The industrial umpire has inserted clauses into almost all of Australia's 122 workplace awards, which allow employees to ...

Millions of Australians can now 'cash out' their annual leave

Nick Toscano

The one thing holding back Asian Australians

Kim Arlington

Al Kahn, right, with Pokemon creators Mr Kubo and Mr Ishihara. Kahn secured the licensing rights to the franchise for ...

Adele Ferguson

Death in paradise: ASIC asleep to Ponzi scheme

Sarah Danckert

Householders can get rid of paint at local government-run collection schemes.

Five things you should never put in the rubbish

Lucy Cormack

Australians chowing down on cereal

Madeleine Heffernan

David Jones to shift HQ to Melbourne

Richard Willingham, Madeleine Heffernan, Carolyn Cummins

The competition watchdog is comfortable with Macquarie's acquisition of Esanda.

ACCC to review communications sector

Lucy Battersby

Spending rose by just 0.1 per cent in June, below market expectations of growth of 0.3 per cent.

Retail spending growth at three-year low

Phillip Corne has stepped down as chief of Louis Vuitton Australia to take up the chair of LVMH's private equity arm ...

LVMH hunt for Australia's next big lifestyle brand

Catie Low and Mark Hawthorne

Republican presidential candidate Donald Trump delivering a speech during the Republican Convention in July.

Donald Trump names economic team of rich white men

Rich Miller

ACCC says too many cartels in Australia

Madeleine Heffernan

Glenn Stevens oversaw the central bank's rate cut this week in his last major move as RBA Governor.

Growth could be stronger, says RBA

Marty Silk

A gas rig in the Timor Sea - is the Great Australian Bight next?

BP plans to drills in marine reserve

Copper to plunge amid 'supply storm'

Bloomberg News

Aluminium advances as Chinese stockpiles sink

Agnieszka de Sousa

The weakening of the pound against other currencies could mean good news for foreigners wishing to travel to the UK.

British Pound shows signs of resilience in face of BOE stimulus

Anchalee Worrachate and John Ainger
1h ago

Meet the man who made Pokemon an international phenomenon

Hayley Tsukayama

Once the AC Milan deal goes through, it will mean both of the city's soccer clubs are controlled by Chinese investors.

Chinese investors agree to buy AC Milan

A Woolworths truck is parked outside a Coles Supermarket as competition in supermarket supremacy heats up

Supermarket wars are gaining traction

Carolyn Cummins

The Windt family is selling Anvil Creek in the Hunter Valley, which has approval for a $1.4 billion mixed-use project.

Anvil hits market as Hunter lures developers

Carolyn Cummins

The former Bates Milk Bar site at 124 Campbell Parade is being sold.

Retail property on developers' shopping lists

Carolyn Cummins

Not sure which tone you want to omit your marvelous character from for evening drinks? Well, Thom Browne has thought of ...

Blazers of glory: 15 jackets that will take you from drab to dashing

Stitched Up

Step out of your standard two-piece and make a blazing statement.

AGL AGL ENERGY LIMITED.

AMC AMCOR LIMITED

AMP AMP LIMITED

ANZ AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED

APA APA GROUP

ASX ASX LIMITED

AZJ AURIZON HOLDINGS LIMITED

BHP BHP BILLITON LIMITED

BXB BRAMBLES LIMITED

CBA COMMONWEALTH BANK OF AUSTRALIA.

CCL COCA-COLA AMATIL LIMITED

CPU COMPUTERSHARE LIMITED.

CSL CSL LIMITED

CTX CALTEX AUSTRALIA LIMITED

DXS DEXUS PROPERTY GROUP

GMG GOODMAN GROUP

GPT GPT GROUP

IAG INSURANCE AUSTRALIA GROUP LIMITED

IPL INCITEC PIVOT LIMITED

JHX JAMES HARDIE INDUSTRIES PLC

LLC LENDLEASE GROUP

MGR MIRVAC GROUP

MPL MEDIBANK PRIVATE LIMITED

MQG MACQUARIE GROUP LIMITED

NAB NATIONAL AUSTRALIA BANK LIMITED

NCM NEWCREST MINING LIMITED

ORG ORIGIN ENERGY LIMITED

ORI ORICA LIMITED

OSH OIL SEARCH LIMITED

QAN QANTAS AIRWAYS LIMITED

QBE QBE INSURANCE GROUP LIMITED

RHC RAMSAY HEALTH CARE LIMITED

RIO RIO TINTO LIMITED

S32 SOUTH32 LIMITED

SCG SCENTRE GROUP

SEK SEEK LIMITED

SGP STOCKLAND

SHL SONIC HEALTHCARE LIMITED

STO SANTOS LIMITED

SUN SUNCORP GROUP LIMITED

SYD SYDNEY AIRPORT

TCL TRANSURBAN GROUP

TLS TELSTRA CORPORATION LIMITED.

TWE TREASURY WINE ESTATES LIMITED

VCX VICINITY CENTRES

WBC WESTPAC BANKING CORPORATION

WES WESFARMERS LIMITED

WFD WESTFIELD CORPORATION

WOW WOOLWORTHS LIMITED

WPL WOODSIDE PETROLEUM LIMITED

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