PM's man says Australian managers below par

Prime minister Malcolm Turnbull's most senior advisor has lashed out at Australian managers, saying they are failing to pursue opportunities and holding back national income.

Moody's warns on rising commercial property risks to banks

Australian banks are at growing risk of being burned by their financing of office towers and inner-city apartments, credit rating agency says.

Free-to-air networks unite to put live TV in your pocket

At least 15 free-to-air television channels will be available live on mobile phones on a single app before the end of the year.

Markets Live: ASX rally peters out

The ASX struggled to hold on to early gains, while currencies wavered during the second US presidential debate.

Success with CIMIC raid on UGL to hinge on troubled Ichthus project progress

CIMIC's $524 million bid for control of troubled heavy engineer UGL has been blunted by sharemarket investors, who overbid the $3.15-a-share offer price as clarity on troubled Ichthys bid awaited

Gina counts the 365 million ways it pays to be Australian

• COMMENT

For Gina Rinehart it certainly pays to be Australian - and a rich one with impeccable government connections.

Economists await fiscal policy moves

Economists await policy following Treasurer Scott Morrison's opposition to further rate cuts by the Reserve Bank of Australia.

Economy in 'bust' territory, but no hard landing: Citi

Australia's economy is in "bust" territory for just the second time in two decades, but that doesn't necessarily point to a hard landing, according to Citi.

Findex fined by ASIC for 'inappropriate' advertising

Findex Group and a subsidiary have been fined a total of $21,600 for potentially misleading advertising.

Morrison seems to have a serious hearing disorder

• COMMENT

Sight and hearing disorders are only a problem when the Treasurer is only hearing the parts of the RBA's advice that appeal to his ideological bent.

Regulators up next at banking inquiry

Australia's financial regulators will front the house economics committee on Friday following questioning of the big four banks.

Pharmaceutical giant's 'ambiguous' price hike statement

The ACCC has finished investigating whether misleading statements were made about a price increase of Panadol Osteo.

Yuan drops as China sets it at weakest level in six years

China's central bank allowed the yuan to slip past 6.7 a dollar, weakening its reference rate beyond that level for the first time in six years.

Increase property taxes to curb rising inequality: Thomas Piketty's warning for down under

• EXCLUSIVE

Rising inequality is eroding Australia's "egalitarian ideal", according to the 'rock star' French economist Thomas Piketty.

Another NAB outage hits Eftpos, ATMs

National Australia Bank has again been hit by a service outage that stopped customers from making Eftpos transactions or withdrawing cash from ATMs.

Scott Morrison's 'selective hearing'

Is the the Treasurer is only hearing the bits of Reserve Bank advice that he can ideologically accept and missing the rest?

Palmer flags legal action against minister

Clive Palmer may have exited federal politics but he's still causing trouble for government ministers, threatening legal action over comments they made about his running of Queensland Nickel.

Housing risk overdone, RBA unlikely to cut: Morrison

Treasurer Scott Morrison said debate on Australia's housing market is prone to exaggeration - even as Sydney property prices rise anew - and indicated he doesn't see much appetite at the central bank for further cuts in the nation's already record-low interest rates.

CIMIC in $524m bid for UGL after lightning raid

The shake-up of Australia's beleaguered engineering sector is gathering pace, with construction leader CIMIC launching a $524 million takeover bid for UGL after snapping up a 14 per cent stake.

Another blow for Samsung as telco stops replacing Note 7s

Samsung Electronics has been dealt another blow stemming from problems with its flagship Galaxy Note 7.

Murray's shock after being told of a $170,000 debt with Telstra

Murray Clode was left "absolutely speechless" when he was informed about a $170,000 debt with Telstra.

Keeping an eye on your super

Sally Patten talks to financial advisor Olivia Maragna, about the best way to be prepared for retirement.

Gina Rinehart bids for Australia's largest cattle station company, S. Kidman & Co

Australia's richest woman has reached an agreement to purchase one of the country's largest cattle stations for $365 million just months after federal treasurer Scott Morrison knocked back Chinese buyers on "national interest" grounds.

8@eight: Trump creates new element of market uncertainty

• Sponsored

The world and its markets are fixated on US Republican presidential nominee Donald Trump.

Star French economist on Australia's 'rising inequality'

Paris School of Economics Thomas Piketty says inequality in Australia the highest in half a century.

Food companies to target Chinese markets under 'historic' new deal

Australian food producers and manufacturers will get inside knowledge of Chinese shopping habits under a landmark new deal designed to expand the nation's food export industry.

Child sex abuse was no reason to lose my job, says former multicultural leader

A former high-profile multicultural leader and writer has argued that pleading guilty to child sex abuse was no reason for him to lose his job.

Cabs in the ranks: Defence spends $1 million a month on taxis

Defence's $100 million travel bill, for four-and-a-months, included nearly $4.5 million on taxis.

Ford's sites will take time to break up and sell

Ford faces a long and costly process to decommission its manufacturing plants before it can sell its large landholdings on Melbourne's outskirts in Campbellfield and Geelong.