Markets Live: ASX loses steam
Mining and energy are the sole bright spots on the ASX as falling Wall St futures take the wind out of an early sharemarket rally.
Latest Business News
Fake Australia Post 'missed parcel delivery' email scamming consumers
Fake parcel delivery scams have tripled since this time last year.
Sirtex bear still wary despite share price dive
The warning signs were there for all to see ahead of a trading update last week that slashed hundreds of millions of dollars off the market worth of biotech outfit Sirtex.
Entire ATO website down
The Tax Office ruled out a census-style "denial of service" attack as the reason for the loss of its entire website, saying the massive failure was due to hardware problems "not being caused by any external factors".
Bellamy's enters trading halt after horror December
China-focused baby formula company expected to deliver more bad news by Wednesday.
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Bellamy's shares plunge
On December 2, Bellamy's shares fell almost 40 per cent after weak sales in China. Vision courtesy ABC News 24.
Howcroft leaving Ten for PwC creative role
Russel Howcroft is resigning as executive general manager of Network Ten after four years to take up a role as chief creative officer at PwC's new marketing advisory service.
Qantas confirms direct flights from Perth to London
The 14,498km service will be the first regular passenger service to directly link Australia with Europe, Qantas says.
Dreamworld donates $157k after quiet reopening
More than $157,000 will be donated to the families of four people killed in October's Dreamworld ride tragedy after the theme park reopened on the weekend.
Non-OPEC joins OPEC to cut oil output
The pact between Russia and other non-OPEC nations to curb oil production, alongside OPEC nations, is the first in 15 years.
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- 02:12
The demise of our Federal Treasury
is our Federal Treasury no longer capable of frank and fearless independent advice? Michael Pascoe comments.
How much that airconditioner is really costing you
Aussies could blow $2.5 billion on bad air-con habits this summer.
8@eight: OPEC are the oil masters again
The sharemarket is expected to open 23 points higher, with weekend signals Saudi Arabia is trying to lift the oil price above $US60 a barrel to spur demand for the likes of BHP, Woodside and Santos.
Iran seals $US17b Boeing jet purchase
Iran signs a $US16.6 billion deal to buy 80 Boeing passenger jets, the biggest US contract since the Islamic Revolution 37 years ago.
Italy hurries to form new government as banking crisis looms
Gentiloni, the former journalist and Matteo Renzi loyalist is set to be Italy's fifth prime minister in as many years.
All the signs were there of Rupert Murdoch's latest move on BSkyB
Despite the provocations of the Brexit vote, the downfall of Roger Ailes at Fox, and Trump's triumph, Rupert Murdoch's Twitter account has been dormant since his famous sign off tweet in March. But that should not be mistaken for inactivity.
Fed surprise this week would be 'dreadful'
After failing to raise rates all year, the market would be more shocked if the US Federal Reserve failed to tighten policy on Thursday.
Speedy rate hikes protect bank margins
As interest rates start to rise, the changes are taking effect much faster compared with when rates were falling.
Energy giant backs states going solo on renewables
Renewable energy can add resiliency to electricity grids and there's no reason why individual states can't set their own goals higher than a national target, says a US industry veteran.
Howards Storage World goes into voluntary administration
Howards Storage World has been tipped into administration weeks before Christmas, with a restructuring team from Deloitte appointed to the specialist retailer on Friday.
Second Basslink backed by key government report
Building a second link between Tasmania and the mainland would boost the security of the national electricity network a key government report has found
Gold mine thrown lifeline at 11th hour
Thailand's military government has thrown a lifeline to Australian gold miner Kingsgate, three weeks before the scheduled closure of its Chatree mine.
Politicised Treasury bites own tail, covers for Turnbull
Shadow treasurer Chris Bowen is right: One of the Abbott-Turnbull government's various acts of economic vandalism is its politicisation of the once-proud federal Treasury.
Suppliers on edge after Woolworths' court win
"We think it would be pretty appalling if it were seen as a green light to do the same thing again," suppliers say after Woolworths wins court case.
Varghese named new CEO of Maurice Blackburn
Law firm Maurice Blackburn has appointed Jacob Varghese as its new chief executive officer after long-standing boss Greg Tucker stepped aside after 12 years at the helm.
Australia Post braces for record delivery day
Australia Post is bracing for a record number of parcels to pass through its processing centres for delivery on Monday.
Murdoch pounces on Sky in 'bargain of a lifetime'
Rupert Murdoch has long coveted full control of Sky Plc. It's always been a question of when -- not if.
GDP: Short for Generally Dubious Puffery?
GDP might well be the least bad of all the flawed ways in which we can measure the health of our economy. But it's far from perfect, especially if you're aiming to capture the impact of the economy on people.
When will you be too old for your job?
From a financial perspective, working into your 70s or 80s can be a great idea. It's also completely unrealistic for many workers.
How Pizza Hut is stepping up its game in home deliveries
Pizza Hut's latest move in home deliveries is concerning public health experts who say Australia's obesity crisis is as bad as ever.
Small Business
Aussie couple making a mint from exporting American goods
"So many of our friends were asking us to send things they couldn't get in Australia."
Surprising outcome of an economic downturn
Watch out for this behaviour in your team.