Business

Latest Business News

Investors will be largely focused on the oil market this week.

'Asymmetric' OPEC risk to weigh on ASX

After months of negotiation and speculation, OPEC meets on Wednesday to hammer out an oil production deal while investors will also be keenly awaiting the US jobs report on Friday.

Red Rooster is tipping at least 5 per cent growth in sales this financial year to $500 million.

Red Rooster eyes meaty float

Fast-food chain is tipping at least 5 per cent growth in sales this financial year to $500 million, thanks to home-deliveries and new flavours.

Simon Bosch

Star struck: how Caltex pumps profits out of servos

"These aren't fake, they are real bullets," the robber yells as he presses the loaded pistol into the forehead of a Caltex service station attendant. Sohaib Irshad, the attendant, can feel cold steel against his skin and is desperately trying to stay calm as the robber shouts and pounds on the counter demanding cash.

The ASX posted a strong gain for the week.

ASX climbs to 3-month high

The sharemarket burst through 5500 to a three-month high, as commodities spearheaded a solid week of gains.

The new proposed Victoria Police Centre (VPC) at 311 Spencer Street, Melbourne.

Spencer Street turns into crime-fighting precinct

Spencer Street is set to become the crime fighting centre of Melbourne with the state government agreeing leasing terms for a major new office tower next to the current City West police headquarters.

Westpac lifts interest rates on fixed rate mortgages

Big banks 'will follow' Westpac's rate hike

Westpac Bank is the first of the majors to increase interest rates on its fixed rate home loans and investment loans, but market watchers says it likely the other majors will follow. 

Small Business