Oil dives on stubborn global glut

​Oil prices collapsed to their lowest since late November amid rising investor worries about a persistent global glut.

WTO said to back tobacco logo ban

The World Trade Organisation upheld Australia's right to impose plain-package label restrictions on tobacco products.

Iron ore sinks amid oversupply

Iron ore is in full-scale retreat, with futures in China plunging to end limit-down on investor concern about demand.

Chicago official apologises for United Airlines passenger removal

Chicago Aviation Commissioner Ginger Evans apologized on Thursday for the city employees who forcibly removed a United Airlines passenger, an incident that prompted international condemnation and led the airline to revise its policies.

$735 battle for billboard domination hits hurdle

A plan by the country's top billboard firm to buy its largest rival may jack up the prices charged to advertisers while cutting service levels, a sign it may block the $735 million deal, the competition watchdog has warned.

Indonesia launches $2.6 billion lawsuit over WA oil spill

The Indonesian government has launched a $US2 billion ($2.6 billion) lawsuit against the company responsible for the worst oil spill in the history of Australia's offshore petroleum industry.

Governments created 'complete failure' on gas

Oil and gas producer Santos says governments are to blame for east coast gas supply problems.

Rio Tinto watching for Chinese iron ore mining

Rio Tinto chief executive Jean Sebastien Jacques said he has no real concerns about China's iron ore demand in 2017, and the indications for 2018 are positive.

NAB to push hard on costs

National Australia Bank has lifted its first-half cash profit 2.3 per cent to $3.29 billion and held its interim dividend at 99¢.

ASX sinks on metals meltdown

The local sharemarket fell for a third straight session after a plunge in Chinese iron ore futures drove miners lower.

Holden faces tough road ahead as local manufacturing winds down

It's the biggest gear shift in the history of Australia's car industry, and Holden's road from local manufacturer to full importer is proving to be not without its potholes.

State government steps in to prevent shut down at Loy Yang power plant

The state government will go to Fair Work to prevent workers at Victoria's biggest energy plant going on strike and plunging the state into an energy crisis.

University howler calls for dogged leadership

I always wanted to go to university but never did. Instead I enrolled in the university of life and it seemed to work.

Markets Live: NAB gains as ASX retreats

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Shares drop again after a well received NAB earnings update has failed to stop selling in the other banks and as falling metals hit the miners.

The banks aren't the risk, consumers are warns RBA

It is not banks turbo-charged by property lending that are the key risk to the economy from any fall in house prices or rising interest rates, rather it is what might happen to consumer spending that worries the Reserve Bank of Australia.

NAB lifts profit to $3.29 billion despite bad debt rise

National Australia Bank has lifted its first-half cash profit 2.3 per cent to $3.29 billion and held its interim dividend at 99 cents.

The $10 household fitting that could be a 'ticking time bomb'

It lurks beneath hundreds of household kitchen and bathroom sinks across Australia, and could cause thousands of dollars' damage if it is not checked regularly.

'Difficult' - Caltex gets green light on $95m deal

Caltex will move swiftly to complete its $95 million purchase of a large Victorian service station franchise chain operating under its banner after getting the all clear from the competition watchdog.

Drop in iPhone sales hits share price

Apple has reported a surprise fall in iPhone sales for its second quarter, indicating that customers may have held back purchases in anticipation of the 10th-anniversary edition of the company's most important product later this year.

Facebook raking in $1 billion a week this year

Facebook's main social network is still driving sales growth, even as executives seek to temper investor exuberance.

Adani sediment 'eight times more than allowed'

The Queensland environment department is considering compliance action against coal miner Adani after water released from its Abbott Point facility during Cyclone Debbie contained eight times more sediment than allowed.

8@eight: Dollar taken to the cleaners ahead of soft day

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The local sharemarket is set to drift lower at the open, following global markets down as investor caution returned.

Australian dollar taken to the cleaners

The Australian dollar plunged overnight, caught by a hawkish Fed and sudden sharp selling in copper and iron ore.

Tesla assures Model 3 on time

Tesla assured investors its highly anticipated Model 3 sedan is on track to begin production.

Fed undeterred by slow growth

Federal Reserve officials remained on track to gradually tighten monetary policy after leaving interest rates unchanged.

US Federal Reserve holds interest rates steady

The US Federal Reserve has kept interest rates unchanged and has downplayed weak first-quarter economic growth, emphasising the strength of the labour market, in a sign it could tighten monetary policy as early as June.

American Airlines to cut legroom in economy class

American Airlines' newest Boeing 737s will have less legroom in most of the economy cabin than current versions of the narrow-body plane, with at least three rows shrinking the space between seats to 74 centimetres.

Fairfax journalists strike for a week over job cuts

Journalists at Fairfax Media have voted to go on strike following the company's decision to cut a quarter of the remaining journalists at its major Australian newspapers.

'Who the f--- do you think you are' - census spray at ABS ends in sacking

An expletive laden email tirade over last year's ill-fated census directed at the boss of the Australian Bureau of Statistics has cost a university employee his job.