Business

Latest Business News

President-elect Donald Trump: "We are going to start bidding. We are going to save billions of dollars over time."

'Getting away with murder': Trump targets drug companies

US President-elect Donald Trump said pharmaceutical companies were "getting away with murder" in what they charged the government for medicines, and promised that would change, sending drugs stocks sharply lower on Wednesday.

Fewer chief executives expect to see business conditions improve than a year ago, though there are more forecasting a ...

Business chiefs more cautious in 2017

Fresh from a year that delivered major political shocks and proved tougher than expected, Australian business leaders are taking a cautious approach to 2017.

President-elect Donald Trump speaks during a news conference in the lobby of Trump Tower in New York Wednesday, Jan. 11, ...

Why most economists are so worried about Trump

It's the double whammy that worries economists, that Trump's populist pose assigns less value to economic expertise, while also creating the conditions under which it's most likely to be needed.

Escondida, which churned out 1.2 million tonnes of the red metal in 2015, will serve as a precedent for the other 15 ...

BHP wage showdown in Chile

A wage negotiation at the world's top copper mine is showing the downside for producers of recovering prices.

The drive since last year by the world's largest steel producer to reduce surplus capacity has helped Chinese steel ...

Iron ore retakes $US80 mark

Iron ore and steel futures in China advanced for a third session on Wednesday, hitting their strongest in three weeks

The settlement pushes the cost of the scandal to more than $US23 billion in the US and Canada

VW pleads guilty, to pay $5.8 billion

Volkswagen took a major step toward resolving one of the darkest chapters in its history Wednesday, pleading guilty to an emissions-cheating scandal and agreeing to pay $US4.3 billion ($5.8 billion) in criminal and civil charges as the US announced charges against five new individuals.

The Jiujiang steel and rolling mills in Qianan in northern China's Hebei province.

China's steel mill closing 'political mission'

Beijing's sustained efforts to tackle excess steel production capacity has sent steel and iron ore futures in China upwards for a third day in a row to hit their strongest mark in three weeks.

The big four banks pay out more than $20 billion a year in dividends.

Banks can keep paying juicy divvies

Bank's juicy dividends can be sustained in the face of looming increases in capital requirements, as lenders have probably raised the vast majority of the capital they will need, according to new analysis from Credit Suisse.

Small Business