Posted
In this update: it's a negative day on the Australian share market, heavy losses in the industrials and energy sectors; On Wall Street the Dow Jones industrial average barely reached a seventh straight record high on Friday; Paul O'Malley says energy security is a critical national issue because of spiralling costs for businesses and consumers.
Topics: business-economics-and-finance
Posted
In this update: Steelmaker Bluescope says high global prices, strong demand and improved productivity have contributed to a surge in its half year profit; Despite expectations for a strong start, the market is being weighed down by losses in industrials and energy stocks; American food giant Kraft-Heinz has dropped plans for a merger with rival Unilever.
Topics: business-economics-and-finance
Posted
| UpdatedHow can corporate failures be avoided? One consultant says boardrooms need to focus on problem finding, rather than problem solving.
Topics: business-economics-and-finance, corporate-governance, fraud-and-corporate-crime, management, australia
Posted
In this update: The Australian Taxation Office has admitted its working hours are inefficient and don't meet community expectations - with staff wrapping up their day at 4.51pm.
Topics: business-economics-and-finance
Posted
Don't believe anyone who claims they have an easy and painless way to make housing affordable; it just doesn't exist, writes the ABC's business editor Ian Verrender.
Topics: housing-industry, business-economics-and-finance, government-and-politics, housing, tax, australia
Posted
An overnight issue with Suncorp Bank's systems causes some accounts to appear anywhere between $15 and $1,400 overdrawn.
Topics: banking, industry, business-economics-and-finance, brisbane-4000
Posted
| UpdatedANZ's move to cut credit card interest rates by up to 2 per cent is cold comfort for the bank's customers who have been paying too much for too long, consumer advocate group Choice says.
Topics: banking, business-economics-and-finance, industry, australia
Posted
With global markets on pause waiting for news about tax cuts in the US and the wobbly world of European politics, the busiest week of the domestic reporting season will capture most of the attention in coming days.
Topics: business-economics-and-finance, markets, consumer-finance, international-financial-institutions, currency, oil-and-gas, gold, trade, mining-industry, industry, australia
Posted
Donald Trump has promised to boost US manufacturing and punish companies for moving jobs overseas, during a visit to a South Carolina Boeing factory to celebrate the unveiling of the company's latest Dreamliner jet.
Topics: world-politics, business-economics-and-finance, industry, us-elections, government-and-politics, united-states
Posted
| UpdatedPresident Donald Trump promises to boost US manufacturing and punish companies for moving jobs overseas, during a visit to a South Carolina Boeing factory to celebrate the unveiling of the company's latest Dreamliner jet.
Topics: business-economics-and-finance, industry, environmental-policy, environment, air-transport, us-elections, united-states
Posted
In this update:
Topics: business-economics-and-finance
Posted
In this update:
Topics: business-economics-and-finance
Posted
| UpdatedPremium costs are set to jump nearly 5% in April after Health Minister Greg Hunt signed off on the latest hike. Medibank Private has conceded customer acquisition is slowing as more disillusioned customers change insurers or drop their cover altogether. Medibank Private CEO Craig Drummond speaks to Alicia.
Topics: business-economics-and-finance, australia
Posted
| UpdatedDonald Trump claims credit for wall street's jump, do the biggest US investors agree? Vanguard investment CEO Bill McNabb speaks to Alicia.
Topics: business-economics-and-finance, australia
Posted
| UpdatedClimate change could threaten the stability of the entire financial system, the prudential regulator warns, as it prepares to apply climate change "stress tests" to the nation's financial institutions.
Topics: climate-change, business-economics-and-finance, regulation, sydney-2000
Posted
Carbon pricing, new LNG supplies from US shale gas, and coal demand are all on BP's radar as the world moves towards decarbonisation.
Topics: mining-rural, mining-industry, business-economics-and-finance, oil-and-gas, perth-6000
Posted
In this update: Strong growth in home lending and more customer deposits have seen ANZ increase its quarterly profit; Virgin Australia has reported a lost of 36 million dollars fro the six months to the end of December; Mining and energy stocks have pulled down the local share market.
Topics: business-economics-and-finance
Posted
| UpdatedSamsung Group chief Jay Y Lee is arrested over his alleged role in a corruption scandal that led parliament to impeach President Park Geun-hye, a South Korean court says.
Topics: government-and-politics, corruption, company-news, business-economics-and-finance, korea-republic-of, asia
Posted
In this update: Australia's biggest telecom provider Telstra, has posted a shock slide in first half profits - the worst fall in five years.
Topics: business-economics-and-finance
Posted
| UpdatedImagine if you could walk into a bank and secure a home loan with three years' worth of rental receipts instead of a deposit. It might sound crazy, but it's one suggestion that's been put forward by a federal MP for solving Australia's housing affordability crisis.
Topics: housing, business-economics-and-finance, housing-industry, australia
Posted
In this update: the ASX lost most of its early gains that took the market to a fresh 21 month high following another record breaking session on Wall Street; Australia’s jobless rate has eased slightly to 5.7% in January even as full-time job creation slumped; and Telstra shares have dropped 6 percent after the company announced a 14 percent drop in half year profit to $1.8 billion dollars along with a slip in revenue.
Topics: business-economics-and-finance
Posted
| UpdatedAustralia's biggest telecom provider is a company under pressure. Telstra's blaming rivals for loss of mobile revenue as customers dump fixed line phones and higher costs to access NBN customers. Telstra CEO Andy Penn speaks to Elysse.
Topics: business-economics-and-finance, australia
Posted
| UpdatedAn early rally pushed shares to a 21-month high but Telstra's result saw those gains quickly reversed. Evan Lucas from IG Markets speaks to Elysse.
Topics: markets, business-economics-and-finance, stockmarket, australia
Posted
| UpdatedThe BHP-Billiton spin-off, South-32, has announced a return to profitability with a $620 million profit - an almost $3 billion turnaround from the previous result. CEO Graham Kerr speaks to Elysse.
Topics: business-economics-and-finance, australia
Posted
The acrimonious battle for control of Tasmanian dairy group Bellamy's takes a new twist after dissident shareholder Jan Cameron admits being aligned to a mysterious offshore trust that has been attempting to roll the board.
Topics: company-news, business-economics-and-finance, stockmarket, tas