Business News, Economy, Finance & ASX Market News

Business

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IAG launches $300m buy-back as profit drops 14%

BANKING AND FINANCE
Sally Rose

Earnings season is upon us.

Markets Live: ASX flat as banks slide

Live
Patrick Commins and Jens Meyer
1 hr ago

The GLNG venture shipped its first cargo from Gladstone last year.

Santos ditches dividend after plunging to $US1.1b loss

ENERGY
Angela Macdonald-Smith

Chief executive Peter Coleman said the oil and gas producer was in a "robust" position as oil price forecasts improve ...

Diving commodities halve Woodside's first-half profit

ENERGY
Angela Macdonald-Smith
47 mins ago

The $417.6 million profit was below analyst forecasts.

'We need to do more': Medibank's promise to members as profit jumps

BUSINESS
Patrick Hatch

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The world's richest family just got richer again

WORLD BUSINESS
Tom Metcalf and Shelly Banjo
1 hr ago

Bellamy's baby formula has been in short supply on supermarket shelves due to international demand.

China helps Bellamy's Australia triples full year profit

RETAIL
Julie-anne Sprague
1 hr ago

Market Indices

Updated: August 19, 2016 - 11:34AM

Updated: August 19, 2016 - 11:19AM

Updated: August 19, 2016 - 7:15AM

Updated: August 19, 2016 - 2:00AM

United States Dollar

Price

0.7667

Percentage up/down

-0.29% fall
Euro

Price

0.6761

Percentage up/down

-0.18% fall
British Pound

Price

0.5832

Percentage up/down

-0.14% fall

Updated: August 19, 2016 - 11:04AM

The Moody's AAA credit rating assigned to Australia should be taken with a grain of salt, perhaps a truckload even.

Read this before you trust credit ratings ever again

COMMENT
Jessica Irvine

Hip replacement is quite a business with a cost of about $25,000 per hip.

Fix your hip without hurting your hip-pocket

Harold Mitchell

It's a "once-in- a-government" opportunity for Federal Treasurer Scott Morrison.

Great Scott! A Get Out of Jail Free card!

COMMENT
Michael Pascoe

IEX is shifting two stocks to its exchange Friday and starting September 2, any US stock can trade there. Its debut ...

Katsuyama's IEX already disruptive

Annie Massa

Fed chair Janet Yellen speaks August 26 at an annual symposium hosted by the Kansas City Fed in Jackson Hole, Wyoming.

Fed rate hike bets too high, says Morgan

Kevin Buckland

A flood of earnings are out this morning, as well as jobs data.

8@eight: Oil rally to help buoy ASX

Sponsored
Angus Nicholson

"They have to start to move up and when they do they could move up and surprise us with the degree of rapidity which may ...

Potential rapid rise in US rates

Rich Miller

Brent tops $US50 a barrel as US supply drops

Mark Shenk and Rachel Adams-Heard

Supply to check iron ore advance

Jasmine Ng

AMP drags on ASX

Vanessa Desloires

Markets Live: Spanking for AMP

Live
Patrick Commins, Jens Meyer

ANZ Bank is the only big four bank so far that has signed up for Apple Pay.

Watchdog defers decision in banks' stoush with Apple

Clancy Yeates
30 mins ago

It's been a week to forget for Australia's big four banks.

Moody's warns it may downgrade banks

Clancy Yeates
55 mins ago

"It's a dangerous, dilapidated, uncompleted building in contravention of the building code": Peppermint Grove Shire CEO ...

Oswal's $70m 'fantasy home' turned eyesore to be demolished

APRA had laid down stronger rules on banks.

Racketeering, wire fraud: Australian banks sued in US

Sarah Danckert

Australia's major banks could stand to lose billions.

Big banks could lose billions from 'reckless behaviour'

Sarah Danckert

Department of Human Services officials have confirmed that 916 workers will be shed in 2016-2017 and not 810.

Casual hours to count towards redundancy payouts

Anna Patty

In Greek mythology, Narcissus was mesmerised by his own reflection

Moving on up: The companies that narcissists are attracted to

Anna Patty

Tony Robbins is a leader of the positive thinking brigade.

Suffering is the key to happiness

COMMENT
Jim Bright

At Delta, a group of women pilots have banded together.

When the captain is a mum

Annalyn Kurtz

Over are the heady days of Gordon Gekko's Wall Street: Many of today's bankers and traders are dissatisfied in their jobs.

Why do so many smart kids become bankers?

COMMENT
Noah Smith

BHP Billiton boss Andrew Mackenzie could take home anywhere between $US2 million and $US13 million this year.

What happens to CEO's pay when a company posts an $8b loss?

ANALYSIS
Michael Evans

Australians are paying record amounts for health insurance.

Health funds enjoy fat profits, but give less to members

Esther Han

Scammers are targeting Australian Netflix users.

'Very clever' Netflix scam has ways to gain your trust

Esther Han

"Whether you purchase private label milk or branded milk such as Dairy Farmers or Pauls, the farmer receives the same ...

Is the extra $113m spent on branded milk really helping farmers?

Lucy Cormack

Bellamy's chief executive Laura McBain.

Bellamy's Australia triples full year profit

Julie-anne Sprague
1 hr ago

Treasury shareholders will be paid a higher final dividend of 12¢ per share on October 7. Mr Clarke said momentum across ...

Treasury Wine's $800m pot of gold

Simon Evans

Peter Broderick wants a quick conclusion to the lengthy sale negotiations for Woolworths' hardware assets.

Woolworths under pressure to stitch up hardware sale

Catie Low

Cotton On plans to be Australian H&M;

Catie Low

Family feud: Theo Albrecht Jr has publicly attacked his widowed sister-in-law Babette Albrecht, right, for her ...

'Grotesque' family feud over $19.5b Aldi fortune

Employment Minister Michaelia Cash says the figures show the economy is resilient.

We're moving part-time as the jobs market hollows out

Peter Martin

Australia's major banks could stand to lose billions.

Big banks could lose billions from 'reckless behaviour'

Sarah Danckert

Individuals rather than companies will be providing the lion's share of revenue in future years.

Treasury says it's individuals not companies who'll be paying the most tax

Peter Martin

Mongolia's Sumiya Dorjsuren, left, celebrates with other medallists after the women's 57kg judo contest in Rio.

Olympians unpaid as Mongolia wrestles with crisis

Chief executive Peter Coleman said the oil and gas producer was in a "robust" position as oil price forecasts improve ...

Diving commodities halve Woodside's first-half profit

Angela Macdonald-Smith
48 mins ago

The GLNG venture shipped its first cargo from Gladstone last year.

Santos plunges to $US1.1b loss

Angela Macdonald-Smith

Brent for October settlement advanced 93 cents, or 1.9 per cent, to $US50.78 a barrel on the London-based ICE Futures ...

Brent tops $US50 a barrel as US supply drops

Mark Shenk and Rachel Adams-Heard

Stockland's new housing development, Highlands, in Craigieburn.

Stockland cashes in on property boom with $889m profit

Simon Johanson

Mirvac's chief Susan Lloyd-Hurwitz.

Booming property market drives billion-dollar profit for Mirvac

Simon Johanson

SCA Property has paid $33.5 million for the Annandale Central shopping centre in Townsville,

Supermarket war taking heavy toll on Coles, Woolies: property group

Carolyn Cummins

Gas grills are displayed for sale outside a Wal-Mart Stores Inc. location in Shelbyville, Kentucky, U.S., on Monday, May ...

The world's richest family just got richer again

Tom Metcalf and Shelly Banjo
1 hr ago

SolarCity reduced salaries of its two co-founders - CEO Lyndon Rive, pictured, and Peter Rive, chief technology officer ...

SolarCity slashes CEO's pay to $US1

Allana Akhtar

Uber is transitioning to self-driving cars.

How Uber plans to put its own drivers out of business

Abha Bhattarai

Mike Campbell is a Sydney-based 'Man Coach' who thinks conversations between men need to go 'beyond the beers'.

We need to talk about why men can't talk about anything

Self Improvement

<b>MJ Bale</b><br>
An affordable classic by the team at MJ Bale. This shirt is in a slim Cuban Fit (which can be worn ...

How the humble flannelette shirt became a modern style icon

Men's Style

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Bring on the 'hard-nosed conversation' for the age pension

George Cochrane

Raised from the dead: Unlike the character Jon Snow in Game of Thrones, death is final and we need to plan for it.

Jon Snow in Game of Thrones and why we all need an estate plan

Catherine Robson

Sponsoring the Olympics is big business. Simone Biles is now considered the greatest female gymnast in the world.

Sports sponsorship: Why it's a big deal

James Adonis

An advertised image of the "sharelarium".

The business you should never run from your garage

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