Latest Business News

Spot iron ore with 62 per cent content is fetching $US79.81 a tonne.

Iron ore surges, but producers wary

Iron ore prices are continuing to rally but experts don't expect the price to be sustainable enough for producers to up their capacity.

Crown's casino resort in Melbourne. Crown staff have been accused of 'gambling-related crimes' in China.

China releases one of detained Crown casino staff

One of 18 Crown Resorts employees detained a month ago in China has been released on bail, suggesting authorities have concluded their preliminary investigations and could soon move to formally arrest and then charge those remaining in custody.

NAB chief executive Andrew Thorburn's pay lifted after the bank sold poorly performing assets.

NAB chief's pay rises to $6.7m

National Australia Bank chief executive Andrew Thorburn's pay packet rose to $6.7 million last financial year - about 80 times the average full-time wage of $81,900.

Harvey Norman chairman Gerry Harvey has invested almost $62 million in a secret start up over the past two years.

Harvey Norman's secret $62 million start-up

Harvey Norman has sunk almost $62 million into a secret start-up in the past two years, a retail joint venture that hasn't earned the listed operation a cent so far.

An anti-TPP protest last year in Atlanta, Georgia

Trans-Pacific Partnership dead, before Trump even takes office

Eight years in the making, the giant Trans-Pacific Partnership trade deal between Australia, the US and ten other regional powers is as good as dead after the Obama administration walked away from its plan to put it before the "lame duck" of Congress ahead of Donald Trump's inauguration as president.

Lantern Hotels has decided to list the Five Dock Hotel in Sydney's inner west.

Pubs are the hot ticket in town

Listed Lantern Hotels Group has raised a further $56.5 million from the sale of two more pubs as it continues with its asset sale program.

A long-running upgrade of NAB's technology system has been rolled out to all its branches.

NAB eyes home loan bounce on new tech system

National Australia Bank is eyeing a lift in home loan revenue thanks to a recently-completed technology overhaul that it says is already turning more customer inquiries into loan sales.

Iron ore prices have rallied to the highest in two years, boosting the shares of mining companies.

Iron ore's party may be about to end

Soaring prices for the metal have boosted Australia's three largest exporters. But the party is about to end, with prices tipped to plunge by 40 per cent next year.