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Woolies investors looking for green shoots

The proposed change to misuse of market power provisions was seen as a direct threat to the market power of retail giants Coles and Woolworths.

Sue Mitchell 11:48PM

The Woolworths board will face retail shareholders on Thursday for the first time since the company slashed profit guidance.

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Adele Ferguson - dinkus - thumbnail - dink

Paying the money back isn't enough

Adele Ferguson 12:25AM

A week after saying it wanted to be known as the 'ethical bank', CBA has had to refund $80 million in compensation.

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The Model Code of Practice defines 'free range' as eggs from farms with stocking densities of no more than 1500 birds a hectare.

'Free range' egg fight intensifies

Esther Han 12:15AM

The battle to convince politicians of what shoppers truly expect when they buy free range eggs has intensified, with consumer and industry groups attempting to quash each other's research.

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Fox Sports to set to have Saturday exclusivity for the NRL.

News Corp salvages NRL rights

Max Mason and Dominic White 10:46PM

Historic agreement with Fox Sports secures rights to the crucial Saturday night game from the free-to-air rights holder Nine Entertainment Co for around $175 million.

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Almost 60 per cent of the ATO's workforce is women. But at the top levels, men far outnumber women.

ATO still short on women at top levels

Nassim Khadem 4:34PM

The majority of the Australian Taxation Office's workforce may be female, but it's a different story in its middle and upper management.

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Employers are keeping a close eye on their workers' social media activity.

Who owns your professional followers?

Giri Sivaraman 12:34AM

Sponsored: The lines between the public and the private are being increasingly blurred.

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Glenn Stevens is planning a 'chill out'

Colin Kruger, CBD 12:15AM

The markets were so taken with the Tuesday evening declaration by Reserve Bank governor Glenn Stevens that they missed some other pearls from his speech to a bunch of economists.

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Comment & Analysis NSW government gets what it wanted
Markets Global unrest pushes ASX into red
Mining and Resources FMG seizes on discount debt again
Business Asset sale proceeds set to top $20b
World business Have business leaders lost touch with reality?

Market Indices

Last updated: November 26, 2015 - 4:49AM

Currencies

United States Dollar
Last updated: Nov 26, 2015 - 4:34AM (delayed by 30 minutes)
0.7255	-0.04%
Euro
0.6825	0.07%
British Pound
0.4798	-0.27%

Comment & Analysis

Adele Ferguson

Paying the money back isn't enough
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Colin Kruger, CBD

Glenn Stevens is planning a 'chill out'
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Malcolm Maiden

NSW government gets what it wanted
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The banks will be forced to slash their dividends if Australia slips into recession, UBS says.

Bank concerns keeping S&P; analysts awake at night

James Eyers and Jonathan Shapiro 7:47PM

A cooling of the property market has averted a cut to the banks' credit ratings but still poses a risk should national house prices keep rising.

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In Depth

What will stop the iron ore drop?

An increasing number of analysts are predicting iron ore will slip to less than $US40 a tonne.

Stephen Cauchi 4:39PM

The iron ore price sank to its lowest level in at least six years, amid speculation mills in China are cutting back steel output.

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Has business lost touch with reality?

Pfizer wants to acquire Allergan because the move will lower its taxes.

Steven Davidoff Solomon 3:24PM

Safe in their cocoons, business leaders seem to have perhaps slightly lost touch with reality.

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Billionaires battle in space race

11:04AM

Jeff Bezos achieved two milestones in barely 24 hours. One of them was sending a rocket to the edge of space. Not everyone is impressed.

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Workplace

Who owns your followers, you or your employer?

Giri Sivaraman 12:34AM

Sponsored: The lines between the public and the private are being increasingly blurred.

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Tax Office still short on women at top levels

Nassim Khadem 4:34PM

The majority of the ATO's workforce may be female, but it's a different story in its upper management.

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Markets

ECB could charge banks for hoarding cash

Even buying rebundled loans at risk of non-payment has been discussed, although such a radical step is highly unlikely for now.

3:01AM

Euro zone central bankers could stagger charges on banks hoarding cash or to buy more debt to bolster efforts to boost the area's economy.

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What will stop the iron ore drop?

Stephen Cauchi 4:39PM

The iron ore price sank to its lowest level in at least six years, amid speculation mills in China are cutting back steel output, hurting demand for the raw material as supplies from the biggest miners increase.

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Markets Live: Resources rally derailed

SPRINTSCAN 004 PERSONAL INVESTOR PIC!!!!! ----NOT TO BE USED BEFORE DECEMBER 2000----FIRST USE AFR---- PHOTO-ILLUSTRATION BY GABRIELE CHAROTTE GENERIC CRASH TEST YOUR PORTFOLIO SHARES STOCKMARKET INVESTMENTS INVESTOR GLC001025.004.001***afrphotos.com******afrphotos.com***

Patrick Commins and Jens Meyer 4:33PM Live

ASX close lower for a second day after an early resources rally falls flat, with banks leading losses.

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A flat year for Wall Street ahead
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What will stop the iron ore drop?
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Nickel prices fall to 12-year low
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Mining slump dragging on construction
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Copper giant tackles smelting problems at ancient operations
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S&P; 500 edges higher on rally in energy shares
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Oil rises amid heightened Mideast tensions
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$A heats up as RBA cools on rate cut
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"I think we may already have seen the bounce in copper, zinc and nickel," said Axel Rudolph, technical analyst at Commerzbank in London.

Base metals bounce, but downward path intact

Search Quotes & Charts

The Economy

If China killed commodities boom, Fed is about to bury it

Janet Yellen's Fed is widely expected to start raising US interest rates in December.

Kevin Crowley 3:13PM

For commodities, it's like the 21st century never happened. The last time commodity investor returns were this low, Apple's best-selling product was a desktop computer, and you could pay for it with francs and deutsche marks.

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Sydney's Gen Y gloomier than peers in other global cities about jobs

One in five young people in Sydney say their age is a barrier to employment, compared with one in 10 globally, new research shows.

Inga Ting 3:00PM

Young people in Sydney are twice as likely as youth in other global cities to say their age made it hard to find work, according to new international research into the attitudes and economic prospects of 18 to 25-year olds.

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Mining slump dragging on construction
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RBA hints rates to stay on hold
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Support for effects test remains
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The post-crisis toll-road Game of Thrones is over
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Treasury downgrades projections ahead of mid-year budget update
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Retail

Five reasons investors hate Woolworths

Catie Low 12:15AM

Shareholders have plenty to complain about at Woolworths' annual general meeting this year.

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SurfStitch now worth more than Billabong

Surfstitch founders Lex Pedersen (left) and Justin Cameron. The company's market cap is expected to hit $550 million when it emerges from a trading halt.

Sue Mitchell 6:05PM

SurfStitch is now worth more than former parent Billabong after a series of acquisitions turned the former e-commerce company into a manufacturer and digital media business.

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Banking & Finance

ECB could charge banks for hoarding cash

3:01AM

Euro zone central bankers could stagger charges on banks hoarding cash or to buy more debt to bolster efforts to boost the area's economy.

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MasterCard open to all payments newcomers

Ling Hai says MasterCard wants to serve all the stakeholders, whether they are somebody like Apple or Android, or an individual consumer.

Shaun Drummond 7:58PM

MasterCard co-head of Asia Pacific Ling Hai says the company wants to accommodate all the new players in payments, including Apple and Google, apparently confirming a split with Visa, which looks to be siding with the banks in their fight with Apple.

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Bank concerns keeping S&P; analysts awake at night
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Cyber security spending to grow: Stevens
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Super industry in the dark on 'fit and proper' guidance
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More competition to drive fees up, not down
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CBA to pay out $80m in refunds
Contains: total comments17 This article contains a video.

Mining & Resources

BG gets the keys for QCLNG

BG's QCLNG venture shipped its first cargo from Gladstone in early January.

Angela Macdonald-Smith 10:02PM

BG Group has officially taken over the keys for its $US20.4 billion Queensland Curtis liquefied natural gas project, formally declaring the start of commercial operations.

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Iron ore mine closures only a matter of time

The benchmark iron ore price has crashed 55 per cent in 18 months.

Tess Ingram 6:30PM

The iron ore industry's junior producers have dramatically cut costs to chase down the plummeting price, but according to some analysts, the continued cost reductions are only delaying the inevitable.

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World Business

The $US50b windfall from the War on IS

A French Air Force Dassault Rafale F1 aircraft in the skies of Iraq.

Benjamin Katz 12:16PM

Europe's defence industry is set to reap a massive windfall as the terror attacks on Paris prompt governments to ramp up spending.

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Alibaba's Ma in talks to buy SCMP stake

Once the world's most profitable newspaper, SCMP has followed the path of other mastheads with falling earnings and shrinking circulation as readers shift online.

Steven Yang

Alibaba's founder Jack Ma is in talks to buy a stake in the publisher of Hong Kong's South China Morning Post.

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HSBC tipped to cut 2000 jobs
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Why tax is a big part of $US160b mega-merger
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Pfizer to create world's largest drugmaker
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Pfizer to buy Allergan for over $US150b: sources
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Let's beef up our relationship with Indonesia
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China

China's $1.65 trillion Ponzi problem

A street scene along Shanghai's Bund: Chinese borrowers are taking on record amounts of debt to pay interest on their existing debt, prompting the rise of zombie companies.

Chinese borrowers are taking on record amounts of debt to pay interest on their existing debt, prompting the rise of zombie companies.

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Biggest losers from a hard landing in China

Were China to sneeze, the world may well catch a cold.

Malcolm Scott

Any further slowdown in Chinese growth would be bad news for the likes of Australia and Brazil.

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Kidman holdings could head to the carvery
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Morrison blocks cattle station sale
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China economy faces downside risks: Xi
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Beijing Darwin port group's militia links to military
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'Genius' claims driving Chinese formula demand
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Supply is formula solution says Joyce
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Property Focus

OpenCorp looks to crowds to fund developments

OpenCorp founders Matthew Lewison, Cameron McLellan and Allister Lewison.

Simon Johanson

OpenCorp's unusual approach to the notoriously capital-intensive development cycle involves tapping funds from a pool of 415 retail investors, many of whom are family or friends.

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Google looks to Wynyard Place as new home

Wynyard Place, George Street, is being developed by Brookfield Property Partners, and could be the new home to Google's consolidated operations in Sydney.

Carolyn Cummins

Internet giant Google has emerged as the front runner to lease up the new space at Brookfield Property Partners' Wynyard Place at 10 Carrington Street in the heart of Sydney.

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