Morgan Stanley to cut some bonuses
Wall Street's biggest stock-trading firm by revenue is cutting its global bonus pool for the equities unit by as much as 4pc.
Wall Street's biggest stock-trading firm by revenue is cutting its global bonus pool for the equities unit by as much as 4pc.
​Global equity prices edged lower after December's US non-farm payrolls report set the stage for further rate increases.
Chinese coking coal prices were higher on Friday, notching up their first weekly rise in more than a month. Iron ore tumbled.
The US labour market turned in a solid performance at the end of 2016, putting job gains above 2 million for a sixth year.
What lies ahead for our major sectors, and related regulatory landscape, in 2017?
With troubled baby formula group Bellamy's to issue its long-awaited trading update next week, dissident shareholders seeking to take board control will also meet next week to map out their push to topple the board.
Don't be surprised if we continue to see changes in the gaming market in 2017 - with the next one looking like a tie up between James Packer's Crown Resorts and ClubsNSW.
The Reserve Bank is aware it is hurting retirees with lower interest rates. But it's all part of the plan.
Beginning this weekend Domino's Pizza workers will receive an extra 25 per cent loading when they work on Sundays, to be paid for a by a new surcharge on orders across its Australia network.
One hour north of Melbourne there's a factory that makes magic. This is the where every jelly bean, red frog, raspberry snake and party mix bag is made for Australia and New Zealand
Despite still having just the single major operational runway, Brisbane Airport has been ranked the fifth-best performing airport of its size in the world in an international survey of on-time performance.
Kimbal Musk - Elon's brother - just opened a shipping container farm compound in New York City.
Following the pounds' drop, increased costs for sourcing products such as Italian olive oil have made the branches "quite unsustainable," a spokeswoman said.
During a tour of the Allen's lolly factory an hour north of Melbourne, Factory Manager Vince Giovanniello explained how they make their signature 'Snakes Alive'.
Shares ended the first week of 2017 as they finished last year: with strong gains, led by Telstra's rise to a four-month high.
Offshore yuan surges and traders wonder just how much foreign reserves Chinese authorities will use to prop up the currency.
Prime Minister Malcolm Turnbull's office has weighed into the high stakes negotiations between aluminium giant Alcoa and power supplier AGL as political anxiety grows around the future of Alcoa's crippled smelter in Victoria.
Australia recorded its first trade surplus in almost three years as Chinese demand pushed up prices for its two biggest exports, iron ore and coal.
The Bellamy's baby-powder-to-Chinese-shopper fairytale may have come to an end, but investors have embraced another food play into China.
Shares extend strong start to the year, while Australia's trade balance posts a surplus for the first time since early 2014.
Trump's cosying up to Vladimir Putin is straight out of the Nixon/Kissinger realpolitik playbook, seeking to befried Russia to better contain China, the country he sees as the biggest threat to the US as the world's biggest economy.
Samsung says its fourth-quarter profit will likely leap 50 per cent from a year earlier, despite a 2 billion dollar hit from the infamous Galaxy Note 7.
No major commodity had a worse 2016 than uranium. In fact, the element used to make nuclear fuel has had a pretty dismal decade.
More companies are investing in scent marketing to lure customers back to physical stores.
The promise of production cuts from OPEC and its partners sent oil rallying in 2016. Now traders want proof they're delivering on those vows. It won't come easy.
Ardent Leisure took a $6 million hit to ticket sales in December when it reopened Dreamworld after four people died on one of the Gold Coast theme park's rides.
Shares in Ardent Leisure plunged on the news of lower revenues since Dreamworld reopened in December. Vision courtesy ABC News 24.
Shares of Toyota Motor Corp fell more than 3 per cent on Friday after US President-elect Donald Trump threatened to impose heavy taxes on the automaker if it builds its Corolla cars for the US market at a plant in Mexico.
Tesla Motors reported deliveries that fell short of its forecasts, sending shares lower.
Strong Chinese data adds to the optimism about global growth and inflation that has been driving markets since the start of the new year.
Two business owners who have seen gentrification firsthand explain what it means.
Now is the time to get your game plan in place.
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