Government approves Kidman cattle empire sale to Gina Rinehart
After originally blocking the sale of land and cattle empire S. Kidman & Co to Chinese buyers, Treasurer Scott Morrison has approved a joint bid with mining magnate Gina Rinehart.
After originally blocking the sale of land and cattle empire S. Kidman & Co to Chinese buyers, Treasurer Scott Morrison has approved a joint bid with mining magnate Gina Rinehart.
A showdown between the Australian Taxation Office and the nation's largest companies including Chevron, Crown and BHP Billiton is looming as the tax man hit seven large companies with tax bills amounting to $2 billion in revenue.
Labor has questioned the bona fides of a report apparently commissioned by the Treasury that plays down the role of big government spending in helping Australia survive global financial crisis.
The union has cried foul over the ballot of nearly 2000 workers in the office of federal politicians, alleging that many were unfairly denied the right to vote.
The bad news for James Packer's gaming empire, Crown Resorts, just keep coming, with the company's share price falling as much as 8 per cent on Friday amid concerns gamblers in Macau may soon have less cash to splurge.
All office workers have their pet hates, whether it's that annoying colleague munching away loudly at their desk, or the lack of privacy in an open-plan space.
ASIC's cases against ANZ, National Australia Bank and Westpac for the alleged rigging of the bank bill swap rate could be heard together in a trial that may extend into 2018.
Shares extend their gains after the ECB tweaks its stimulus, while Sirtex plunges on disappointing sales.
ANZ Bank has followed rivals in pushing up variable interest rates for property investors, blaming higher funding costs and its obligations to regulators.
McDonald's Corp said on Thursday it would move its international tax base to the United Kingdom from Luxembourg after coming under increased scrutiny from European Union regulators over its tax arrangements in the small country.
Westpac chief executive Brian Hartzer has added his voice to calls for government to boost the economy through infrastructure spending.
For financial markets, the most momentous day of 2016 wasn't November 8, when US president-elect Donald Trump prevailed in the US elections, nor June 23, when the UK voted to leave the European Union.
Treasurer Morrison labelled this week's surprisingly low September quarter GDP number as a "wake-up call". What he didn't say is that it's a call that's been ringing for three years.
Markets' black swans are rapidly turning gray, and that could make for an interesting year ahead.
The local share market is set to open higher after a solid night on Wall Street and news the European Central Bank will extend its quantitative easing program.
Oil rebounded on growing optimism that non-OPEC producers might agree to cut output following a deal to limit production.
The euro tumbled as Mario Draghi signalled he stood ready to add to stimulus if current efforts fail to shore up the economy.
As iron ore prices eclipse US$80 per tonne, Australian mining companies have China to thank for a lucrative oversight.
Chinese steel and iron ore futures rose for a sixth straight session, spurred by upbeat trade data. Spot iron ore dipped.
The ECB said it would cut monthly purchases to €60 billion but extend the buying program at least until the end of 2017.
'Barnaby's feathering his own nest.'
GDP contracted 0.5 per cent in the September quarter. The Treasurer points the finger at weak business investment.
Energy giant Santos has relegated its billion-dollar Narrabri gas project to a "non-core asset", stoking speculation the company plans to sell or spin off the venture.
When Rio Tinto chief Jean-Sebastien Jacques took the reins of the world's second-biggest mining company in July, there was speculation he'd sell the company's diamond business. Not so.
German construction company Hochtief, the controlling shareholder in engineering contractor CIMIC Group, has been fined $400,000 after being found to have engaged in insider trading.
Former Treasury Secretary Ken Henry has taken a swipe at both major parties' approach to restoring the budget's health, backing greater bipartisanship in a wide-ranging critique of political leadership around the world.
Do you have a bunch of clothes in your wardrobe but they just... aren't quite right?
Media experts are cautiously optomistic about the News Corp buyout of APN's regional newspapers, but say
The Sydney skyline is set to be transformed with the development of the new $500 million Ritz-Carlton hotel, including apartments and an updated restaurant strip at Pyrmont, as part of the Star Entertainment group's renovation of the city's main casino as it prepares to take on James Packer's Crown resort at Barangaroo.
By turning his back on migrants is counter to the trends of immigration that actually realised his election mantra of "making America great again."
Focusing on everyday tasks will hinder your business in the long run.
Too many new-venture achievements are unrecognised and given no value
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