Business

ANZ, Macquarie hauled into court over Malaysian ringgit cartel

Australia's rate rigging scandal spreads offshore as ANZ and Macquarie Bank are hauled into the Federal Court over alleged attempts to manipulate the benchmark rate of the Malaysian ringgit.

Rio Tinto boss says mining industry must win back trust of local communities

Rio Tinto chief executive Jean-Sébastien Jacques says the mining industry must win back the trust of local communities in the wake of the scandal over consultancy payments in Africa.

Large oil companies factor in eventual global energy transition

Wood Mackenzie says gas and zero-emission sources will make up 60 per cent of global energy mix by 2040 and oil companies are in risk-management mode.

Former RBA board member backs negative gearing change to secure AAA

Curtailing access to negative gearing on investment property could contribute to reducing Australia's budget deficit and securing the AAA credit rating, argues a former RBA board member.

'Brave' NSW Planning Minister breaks ranks on negative gearing

Senior New South Wales Minister Rob Stokes speaks out against his federal Liberal Party colleagues on the issue of negative gearing, arguing the rules should change to help ease Sydney's housing affordability crisis.

PM hints IBM facing $30m bill for census fail

Computer giant IBM will pay more than $30 million in compensation for its role in the bungled census, Prime Minister Malcolm Turnbull indicates.

• Census report recommends ministers head to 'cyber bootcamp'

Having spent $200b to export LNG, is Australia about to import gas?

Having just spent $200 billion over the best part of a decade to become the world's biggest exporter of LNG, Australia is now looking down the barrel of having to import gas for domestic users.

Parliamentary committee calls for tribunal after bank inquiry

A Federal Parliamentary committee calls for a tribunal to be established to help victims of Australia's banks, following its inquiry into the big four.