Business Breaking News
VW to cut 30,000 jobs, 23,000 in Germany
10:49PM Volkswagen plans to cut 30,000 jobs worldwide by 2025, most of them in Germany, in a bid to save 3.7 billion euros amid its diesel emissions scandal.
US concerned as Russia blocks LinkedIn
10:05PM LinkedIn has been blocked in Russia under a new ruling that user data has to be stored on Russian servers, with fears it could also affect Twitter and Facebook.
USD hits 14-year high, Asia closes down
9:19PM European stock markets have dipped at the open while Asian stocks closed down as the US dollar looked set for its biggest two-week rise since March 2015.
Big jump in US home construction
6:21PM The US Commerce Department says home construction soared 25.5 per cent to a seasonally adjusted 1.3 million in October.
Kogan welcomes prospect of Amazon
6:07PM Online retailer Kogan.com has upgraded its full year underlying earnings guidance, and welcomed the prospect of competition from Amazon.
iSelect aims to hit top of earnings target
6:06PM Online comparison site iSelect expects to hit the upper end of its full year earnings guidance on the back of strong trading conditions.
Great Western controls Harris Find
5:38PM Great Western Exploration has acquired a controlling interest in the Harris Find project in Western Australia.
Cauldron has $2.5m Chinese investment
5:38PM Cauldron Energy has received $2.5 million from an unidentified Chinese investor.
Finance Week for November 20 - 26
5:38PM The week in Australian finance, November 20 to 26
Preview of next week's economic data
5:28PM A preview of next week's Australian economic data, November 21 to November 25.
FirstWave wins SA cloud contract
5:18PM FirstWave Cloud Technology has secured a new three-year contract from Telstra.
migme signs mobile media deal
5:18PM migme has signed a co-publishing and distribution agreement with mobile media entertainment company Clipeo.
Metminco secures $4.8m funding
5:18PM Metminco has secured $4.85 million funding to complete the Miraflores feasibility study and progress the project towards production.
Stocks to watch
4:50PM Stocks of interest on the Australian share market
G8C receives new order from Coca Cola
4:50PM G8 Communications has received a new purchase order from Coca Cola to provide its Machine Connect Modem for use in Coca Cola's freestyle vending machines.
Platypus in Thai lithium alliance
4:50PM Platypus Minerals has entered into an alliance with Argo Metals to develop an L-Max plant with feed sourced from the Reung Kiet lithium project in Thailand.
Stocks of interest for the week
4:50PM Stocks of interest on the Australian share market this week
Institute validates shark deterrent
4:50PM Independent analysis has validated a visual shark attack deterrent technology and a shark detection device which protects humans and is not harmful to sharks.
Myer shares soar as new strategy delivers
4:34PM Myer expects its profit to grow this fiscal year as its new focus on brands and younger shoppers generates sales growth.
Venture capital backs local talent
3:35PM Investment in Australian businesses jumped 50 per cent to $347 million last financial year, while venture capital funds raising a record $568 million.
TerraCom restarts mining in Mongolia
3:13PM TerraCom recommences mining operations at its BNU coal mine in the South Gobi in Mongolia.
Ratings agency cuts its outlook on Telstra
2:41PM Ratings agency Standard & Poor's has lowered its outlook on Telstra because of risks associated with the telco's capital allocation review.
Christmas crucial for Kathmandu's sales
2:08PM Retailer Kathmandu is expecting no profit growth in the first half of the financial year as sales have slowed.
MRG to start Yardilla drilling
1:58PM MRG will commence drilling next week at its high potential Yardilla gold property in WA.
Kathmandu sales up 2.8%
1:58PM Kathmandu Holdings's unaudited sales for the 15 weeks to 13 November have risen by 2.8% above comparable weeks last year.
Economists ponder sluggish jobs market
1:26PM The labour market is dominating the thoughts of Australia's economists as new figures showed weak growth in wages and employment.
Offshore oil a mixed blessing for Somalia
1:26PM Offshore oil could transform Somalia's economy, but also prove a challenge for a government trying to rebuild a nation.
The business week in numbers
1:26PM The big and small numbers that grabbed attention - or should have - in the business world over the past week.
Tourist dollars may keep argan oil flowing
12:29PM With half of the argan forest in Morroco lost over the last century, tourists may soon be paying to protect the remaining forest and boost local incomes.
Stocks to watch
12:13PM Stocks of interest on the Australian share market
Falling prices, loan binge haunt farmers
11:32AM Increasingly, US farmers are being sued by creditors, following grain price falls, after taking on more and more debt to expand and keep their farms profitable.
Torian to test further Mt Stirling target
11:32AM Torian Resources has received the final results from successful RC drilling at Mt Stirling Well.
AusNet first-half profit down 52%
10:36AM AusNet Services' first-half profit falls sharply, to $178.6 million, but the energy distributor expects to lift its dividend payout for the full year.
Trump win adds pressure to Brazil's reform
10:36AM Brazil could feel more pressure to reform after Donald Trump's victory in the US presidential election spurred more market volatility, bankers say.
Automotive Holding's year has tough start
10:36AM Automotive Holdings' new financial year has got off to a tough start, with earnings hit by its refrigerated logistics unit.
Sydney Airport passenger numbers up 3.7%
9:41AM A strong rise in international passengers has helped Sydney Airport lift the total number of passengers going through its gates by 3.7 per cent rise.
Blueshyft seeks $2m funding
9:09AM Australian start-up Blueshyft has launched a $2 million funding round via the CapitalPitch Platform to rapidly expand its offering in Australasia.
Fonterra raises farm gate milk price
8:47AM Fonterra raises its farm gate milk price by NZ75 cents and delivers a six per cent rise in first-quarter revenue.
Stronger $US prompt oil fall
8:03AM A stronger US dollar outweighs hopes OPEC will actually implement production cuts, prompting oil prices to fall more than one per cent.
Gold falls on stronger $US, Yellen comment
8:03AM Gold prices have fallen as Federal Reserve chair Janet Yellen hints a December rate rise is not out of the question, but palladium lifts 1.7 per cent.
Copper lifts
8:03AM Copper prices have risen more than one per cent amid falling inventories, despite a stronger US dollar.
Finance News Update, what you need to know
7:31AM Finance News Update, what you need to know
NZ dollar falls as greenback surges
7:29AM A statement from Federal Reserve chair Janet Yellen that the case has grown for a hike in US interest rates sends the greenback higher as the NZ dollar falls.
Pizza Hut buys Eagle Boys outlets
9:40PM Pizza Hut is starting to convert Eagle Boys pizza outlets into Pizza Hut stores after signing agreements with more than 50 franchisees.
Telstra CEO says customer details are safe
4:55PM Telstra customers haven't been affected by an Indian security firm allegedly selling personal contact details of Australian telco customers.
Telstra spending to protect top spot
4:39PM Amid increasing competition, Telstra plans to spend billions on networks and customer service to protect its stronghold on the Australian telecom market.
Helix has high-grade gold results
4:34PM Helix Resources have been returned high-grade gold results from diamond drilling in gold-bearing structures at the Boundary and Good Friday prospects.
Tawana sees Bald Hill potential
4:34PM Tawana Resources updates exploration at the Bald Hill Mine in WA.
Sayona expands Authier resource
4:34PM Sayona Mining has completed the phase 1 diamond drilling program at Authier including 18 holes for 3,967m.
DTI Group raising $11.6m
4:29PM DTI Group intends conducting a capital raising of approximately $11.56 million.
Odyssey defers entitlements issue
3:53PM Odyssey Energy will defer the previously announced pro rata non-renounceable entitlements issue until Q1 2017.
Rio sacks execs linked to Africa payments
3:44PM Rio Tinto has terminated the contracts of two top executives recently sidelined over their role in payments made in West Africa in 2011.
Rubik Financial signs first bank
3:40PM Rubik Financial has signed its first model bank client since the official launch of Rubik Model Bank.
Santos farms-in to PNG licence
3:40PM Santos has signed an agreement to farm-in for a 20% interest in petroleum prospecting licence 402 in Papua New Guinea.
Google Earth sheds light on solar rooftop
3:38PM A new project using Google Earth to analyse roofs is helping homeowners make a wise decision on solar panels.
Theme park numbers lower after disaster
2:17PM Attendance has dropped at Village Roadshows' theme parks, including Movie World and Sea World, following the tragedy at competitor-owned Dreamworld in October.
Urban Swedes get back to their roots
2:04PM Budding green thumbs are turning urban spaces into farmland in Sweden.
Losing land like losing our lives:activist
2:04PM Thousands of other Afro-Brazilians fear they'll lose their ancestral land and with it their livelihood as Brazil seeks to open up a vast area to investment
Employment growth still a part-time job
2:00PM Aside from a low jobless rate, there was little good news in the latest round of labour force figures, with the trend in jobs growth flat.
Investors hang on Trump's every word
1:17PM The financial community will be closely watching Donald Trump in his months as president-elect to gauge what policies he will actually pursue once in office.
James Hardie downgrades expected profit
12:17PM James Hardie says it won't make as much profit as expected in fiscal 2017 because production constraints are hampering its ability to meet increased demand.
CSG downgrades EBITDA to $38m
11:56AM CSG reiterates its revenue guidance for full year FY17 of greater than $300 million but downgraded the EBITDA outlook.
WorleyParsons wins EPCM contract
11:56AM WorleyParsons has been awarded a five year EPCm services contract for the Pearl GTL and associated facilities in Qatar.
TPI signs UK codeine phosphate deal
11:56AM TPI Enterprises and SPSL of the UK have entered into an exclusive toll processing agreement to manufacture and sell CPO in the UK market.
Green activist Steyer vows to battle Trump
11:04AM Billionaire environmental activist Tom Steyer says he will spend whatever it takes to fight Donal Trump's anti-regulation and pro-drilling agenda.
Coles credit cards to be managed by Citi
10:44AM Coles' parent company Wesfarmers has partnered with financial provider Citi to manage the supermarket giant's credit card business.
Food tax may tackle climate change: study
10:22AM A tax on food proportionate to the greenhouse gas emissions emitted in its production could help tackle climate change and improve health in the process.
Mirvac reassures on foreign buyer rules
10:22AM Mirvac Group has imposed a range of restrictions and limits on pre-sales to foreign buyers to protect its residential business from risks in that market.
Andrea Mason awarded Telstra business gong
8:53AM Aboriginal woman Andrea Mason, who heads an organisation that helps improve the lives of women and children, is named Telstra's business woman of the year.
Gold eases on stronger $US
8:19AM Gold prices, trying to stabilise as the dust settles from Trump's shock US presidential win, have again eased, hit by a stronger US dollar.
LME copper falls 1.6%
8:06AM Copper falls for a second straight session, down 1.6 per cent on a stronger US dollar and growing fears in China regarding US President-elect Trump's policies.
Oil turns lower on OPEC cut concern
8:06AM A day after a near six per cent rally, oil prices have turned lower amid renewed concern over a planned OPEC output cut or freeze and higher US stockpiles.
NZ dollar falls as US rate hike looms
7:17AM The NZ dollar falls as confidence strengthens that the US will hike rates next month.
UK jobless data drops to 11-year low
1:40AM Britain's unemployment rate has dropped to its lowest level in over a decade.
Post boss says mail reform took too long
9:27PM The reform of Australia Post's loss-making letters business took a lot longer than managing director Ahmed Fahour would have liked.
House prices affect travel: Virgin CEO
8:01PM The boss of Australia's second largest airline says rising house prices and economic gloom are dampening the appetite for travel.
Stalling wage growth falls to all-time low
7:49PM Wage growth is slowing across more sectors, as stagnation spreads from mining and construction to the broader economy, new data shows.
Unemployment tipped to hold steady
7:47PM The median economists' forecast is for the number of Australians with a job to have risen by about 20,000 in October, after falling by 9,800 in September.
First strike for struggling SurfStitch
5:39PM Online retailer Surfstitch has suffered a first strike with a large shareholder vote against the company's remuneration report at its annual general meeting.
Artemis discovers gold at Purdy's Reward
5:09PM Artemis Resources' recent exploration activities have confirmed the presence of primary gold mineralisation at Purdy's Reward project.
Galaxy commissions Mt Cattlin
5:09PM Galaxy Resources has commenced ore commissioning on the Mt Cattlin processing facility on 11 November with first lithium concentrate production on 12 November.
Tanga completes Winston drilling
4:53PM Due to the onset of the wet season, Tanga Resources' 2016 drilling program at the Winston prospect is now complete.
Cassini places $203k in shortfall
4:53PM Cassini Resources has received commitments from institutional and sophisticated investors to place the shortfall from the SPP of $203,000.
Mach7 raises $9m
4:53PM Mach7 Technologies has raised $9 million at an issue price of 4c per share to sophisticated and institutional investors.
Antipa starts North Telfer exploration
4:53PM Antipa Minerals has started all exploration components of its 100% owned North Telfer project 2016 phase 2 exploration..
Macdonald quits Big W after just 10 months
4:44PM Big W chief executive Sally Macdonald has resigned after less than a year with the discount retailer, with Woolies saying the turnaround will take too long.
Stocks to watch
4:42PM Stocks of interest on the Australian share market
Kidman to defend 'opportunistic' action
4:42PM Kidman Resources says it will defend legal action by Marindi Metals.
Global Geoscience discovers searlesite
4:42PM Global Geoscience discovers a searlesite zone at South Basin, Rhyolite Ridge lithium-boron project in Nevada, US.
GrainCorp flags stronger year ahead
4:37PM Agribusiness GrainCorp's annual profit has fallen, but it expects to benefit from a larger grain crop this fiscal year.
Wage stagnation a thorny policy problem
4:21PM Wages growth has fallen to its slowest pace in the 19-year history of the ABS wage price index series, and the chances are it will slow further.
Indoor skydiving for inner Sydney
2:47PM An indoor skydiving centre will be built at Sydney's Moore Park, ASX-listed Indoor Skydive Australia Group has announced.
CommSec fined over dead client's accounts
2:24PM CommSec failed to lock two accounts belonging to a client it knew had died and instead processed 59 market transactions on a relative's instructions.
Fund mgt laggards to be dropped from list
2:17PM Amid growing concern about company board oversight, fund managers in Britain will be ranked by how they compare on corporate governance.
Wesfarmers looking to sell coal mines
1:56PM With coal prices up sharply since June, retail and mining giant Wesfarmers is looking to sell its coal operations.
Foreign buying binge causes headaches
1:03PM As authorities try to prevent any sudden currency plunge, wealth managers still find ways of moving money out of China as investors seek to diversify risk.
Stocks to watch
12:10PM Stocks of interest on the Australian share market
Buyers clubs for cheaper drugs
12:06PM Research presented at a recent medical conference suggests drugs sourced through buyers clubs can be as effective as those bought through usual channels.
US dollar near 11-month highs
11:49AM The US dollar index stood just below 100.26 on Wednesday, its highest since December. A move above 100.51 would take the index to its highest since April 2003.
Renascor starts Siviour drill
11:40AM Renascor has commenced a 1,000m metallurgical drill program at its Siviour graphite deposit.
