Markets Live: ASX defies the bears
Blue chips lead the local market, despite the Dow falling for an eighth session and iron ore continuing to crumble.
Latest Business News
Oroton scraps dividend as profit halves
Oroton Group has scrapped its interim dividend after its first-half profit slumped more than 50 per cent to $1.8 million.
Sub-$500,000 properties in demand with investors, owner-occupiers
A strata titled warehouse sold within a week of hitting the market for $480,000, a rate of $2000 per sq m.
Pimco to pay $106m to settle with Gross
Bill Gross and Pacific Investment Management Co have settled a breach of contract suit the money manager filed in 2015.
Spot iron ore extends rout
Iron ore fell, extending its retreat from its February peak to 14 per cent, as Chinese steel inventories edge ever higher.
8@eight: The Teflon market
It is a stretch to believe anyone has really bought into the idea that the Trump administration can really deliver on far-reaching tax reform. But what we can see, is that to a large extent it isn't going to worry them too much either. This is a Teflon market where literally nothing sticks.
Work like a nomad? The ATO is watching you
Do you work like a nomad - travel from place to place for your job - and then claim it on your tax return? The ATO is watching.
ClubsNSW blasts Fox Sports over subscription 'gouging'
News Corporation's Fox Sports has sparked a revolt from the powerful NSW and Queensland clubs lobby after proposing massive subscription increases.
Why the world's biggest advertisers are turning off YouTube
What started last week as a trickle in Australia looks like turning into a mini avalanche.
Funtastic says bye bye to ASX, but not billionaire investors like Gerry Harvey, Lachlan Murdoch
Funtastic is delisting from the ASX "as it is no longer in the best interests of the company" and investors like billionaires Gerry Harvey, News Corp's Lachlan Murdoch and Melbourne's Mathieson family.
Myer surges on mystery shopper taking 10 per cent stake
Myer's shares have soared 18 per cent after a mystery buyer snapped up a significant stake in the company in a late spree.
Shops and malls are working harder for the retail dollar
Volatility at the petrol pump has emerged as a major area of concern for shopping centre managers, due to the wild fluctuations in price over recent months.
Bunnings, Foxtel and Caltex join YouTube ad boycott
Bunnings, Foxtel and Caltex have joined the cascading global advertiser boycott of YouTube.
Surging cash bank prompts big South 32 buy-back
Delays in prospective acquisitions amid continued high commodity prices has prompted South 32, the BHP Billiton spin-out of orphan assets, to buy back close to 5 per cent of its shares for $US500 million
Arrest warrant issued for Clive Mensink
"Arrest Clive Theodore Mensink and bring him before the court for examination," the justice ordered, after the
Banks lead ASX fightback
The ASX recovered throughout the day to almost entirely recover the early trade losses.
Oil producers eye output cut extensions
Oil producers pledged to consider extending their pact limiting supply, but analysts said the lack of an immediate extension could drag on crude prices.
APS department on lookout for phantom contractors
Are you a 'staff substitute', 'contractor' or 'service provider'? Your job may depend on the answer.
Markets Live: Myer jumps on block trade
ASX recovers from early losses as investors snap up banks, but miners remain under pressure after commodity prices fell, as a mystery buyer snaps up 80 million Myer shares.
'The monetary policy tide has turned'
Australia has been caught up in last year's global reversal in interest rates led by Donald Trump and a resurgence of populist policies around the developed world, Algebris' Alberto Gallo says.
How Amazon beat tax authorities and saved $1.97 billion
Tax fights involving Amazon and Chevron will have major implications for other companies in long-running disputes.
Fundies game 'seismic shift' into ETFs
Sharp-eyed investors are buying up stocks ahead of their inclusion in key stock indexes on expectations the onslaught of passive funds will boost prices, Citi says.
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Report puts doubt on car fuel efficiency
A report from the Australian Automobile Association finds cars may be using up to 60 per cent more petrol than advertised.
No one was surprised when this company dropped 85 per cent
One of the most striking things about the 85 per cent plunge in Huishan Dairy Holdings' stock on Friday was how little it surprised market observers in Hong Kong.
'Not seeing the value': decision time on health insurance
The upcoming premium hike of 4.9 per cent is making the Hannah family feel "nervous and sick".
Clive Palmer's nephew dodges Federal Court again
An arrest warrant is expected to be issued for Clive Palmer's nephew after he failed to appear at court for questioning over the collapse of Queensland Nickel.
House prices jump 3.7% since start of year
Home prices in Australia's five biggest cities have jumped 3.7 per cent since the start of this year.
Distorted facts skewer the penalty rates debate
We need to shift the industrial relations debate to focus on small business benefits.
Murdoch cashes in $US125m of Theranos stock for $US1
The Wall Street Journal reported that its proprietor, Rupert Murdoch, has sold his $US125 million ($164 million) investment in scandal-ridden blood testing group Theranos for just $US1.
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Protecting mugs from themselves
How far should our watchdogs go to protect mugs from themselves, crooks or bad luck? Michael Pascoe comments.
Small Business
From refugee to entrepreneur in three years
Mohammed Reza arrived in Australia with nothing but now people come from across Sydney to try his sweets.
How Australia bought the 'Oscars of Food'
Big money is being spent in the hope the benefit of hosting The World's 50 Best restaurants will trickle down to Australia's restaurants, producers and tourism operators.