Glenn Stevens' parting message to Turnbull: borrow and spend

Parting RBA governor Glenn Stevens has implored the Turnbull government to take on more debt and spend on worthwhile projects.

The defenders of banks don't get capitalism. They're holding us back

• COMMENT

Most of Australia's richest got there in industries subject to political favours, hardly any by inventing something new.

Computershare surges as concerns ease

Shares in Computershare surged as investors drew comfort from optimism of a growth strategy emerging despite concerns that new technologies may undermine parts of the operations.

'I am a Muslim, and I feel insecure': Australia Post CEO Ahmed Fahour

Australians have a right to be fearful about the rise of terrorism, Australia Post chief executive Ahmed Fahour says.

Is Suncorp's boss warming to climate change?

Suncorp has been continually smashed by freak weather, so why did its CEO say "there's clear evidence there's climate change" but "the extent of influence by humans is still difficult to quantify"?

'Bank bashing' a concern for offshore investors: CBA

Commonwealth Bank profits have swelled to a record $9.45 billion, underpinned by strong growth in its flagship consumer and small business lending arm.

ASX falls for first time in five sessions

Commonwealth Bank of Australia's record result was not enough to lift its share price.

Markets Live: ASX turns lower on CBA profits

• Live

CBA's poorly received profits helps sink the ASX.

Australian workers' health suffering, research find

New research reveals Australian workers are putting their jobs before their health and wellbeing.

Judge tells would-be international star he's 'dreaming'

TV producer cum 'international singer' Charles Dupois was sure his hits 'It's a Sexual Thing' and 'Girls, Girls, Girls' would sell 18,000,000 copies and reap him millions in royalties.

Oil workers face 40% pay cut threat

Hundreds of employees on offshore oil rigs are under threat of a dramatic pay cut unless they agree to start working 14 days on, 14 days off.

'I often have to write myself emails'

Who says you need training or experience to crack into an industry?

Glenn Stevens bids farewell

Reflecting on the impacts of the World Financial Crisis and the China boom, outgoing RBA governor Glenn Stevens says goodbye after ten years in the job. Vision ABC News 24.

Threat of blackouts to meet carbon reduction goal

Closing dirty power stations to meet Australia's global carbon reduction commitment could result in power blackouts over the next decade.

CBA: Better be a shareholder than a customer

• COMMENT

The Commonwealth Bank's result profit was enough to nourish the critics, led by the government which is squirming after its decision not to force a Royal Commission into the big banks' behaviour.

AGL warns of slow start to fiscal 2017

Energy group AGL has warned of a "soft" start to trading in the fiscal 2017 year following a warm July that hit demand for gas and electricity.

CBA chief defends partial rate cut

Commonwealth Bank boss Ian Narev says some deposit customers are feeling "real pain" from falling interest rates.

'Natural' snacks are not as healthy as you think

Just because a food is labelled "natural" doesn't make it healthy.

Megadeal makes accidental millionaire

Having won shares in the online retailer in a competition last year, Eric Martin is in a state of "occasional hysterical laughing".

Jet.com's instant millionaire

Eric Martin received 100,000 jet shares last year when he won a contest and now a Wal-Mart-Jet.com deal could see him worth US$20m. Vision: Bloomberg.

WA woman suing Woolworths over piece of wood found in hot cross bun

A WA woman is suing Woolworths after biting into a hot cross bun she claims contained a three centimetre piece of wood.

CBA profit hits $9.45b, for now

Commonwealth Bank may have posted a record $9.45 billion profit but the outlook for bank shareholders is clouding, reveals Clancy Yeates.

Consumer confidence gets modest boost from rate cut

A measure of Australian consumer sentiment bounced in August after a couple of soft months, likely aided by a cut in domestic interest rates to record lows that was warmly welcomed by those with housing debt.

Vaya chasing market share with super cheap mobile plans

Cut-price mobile provider Vaya is selling new mobile phone plans that are so cheap they could tempt people away from the major telcos.

Print to fall below half Fairfax earnings

Fairfax Media's digital and non-print businesses are on track to bring in well over half of company earnings this year.

Domain boosts Fairfax Media's results

Weak advertising demand has again weighed on Fairfax Media's results, which have been propped up by the growth of its real estate business Domain Group.

Gown and out: Brides jilted as wedding dress shop goes under

Dozens of brides have lost thousands in deposits as popular Fitzroy boutique goes under, owing more than $300,000.

China's money outflow stabilises

A year after global markets were shaken by a surprise China devaluation, they are now becalmed.

CommBank profit hits $9.2b

The Commonwealth Bank posts its full-year net profit, up a 3 per cent on the previous financial year. Vision courtesy ABC News 24.