Business News & Finance | News Australia

10 May 2017 - 4:22pm

Big banks levy could hurt retail spending

A peak retail body is concerned a new levy on the nation's five biggest financial institutions will affect consumers and hurt retail spending.

10 May 2017 - 7:08pm

CEOs say customers will pay new 'bank tax'

The chief executives of the big four banks have all indicated that the cost of Scott Morrison's "bank tax" will be passed on to customers.

10 May 2017 - 3:42pm

CSR shares slide on weak aluminium result

An 11 per cent fall in CSR's aluminium division's earnings has unnerved investors, sparking a sharp fall in its share price.

10 May 2017 - 11:10am

South32 flags guidance cut, hitting shares

South32 shares have dropped as much as 5.5 per cent after the diversified miner suspended production at one of its Illawara coking coal sites.

10 May 2017 - 4:12pm

Foxtel's subscriber numbers fall

Pay television service Foxtel has had its net income wiped out by losses on its its stake in the Ten Network, the end of Presto, and a fall in subscribers.

10 May 2017 - 3:54pm

Budget plan could damage super system

First-home buyers being able to dip into superannuation undermines its purpose as a retirement savings vehicle, an industry lobby group says.

10 May 2017 - 12:52pm

Big banks' profits targeted by Morrison

The five banks targeted by Treasurer Scott Morrison in the budget reported total profits of almost $32 billion in their most recent full financial years.

10 May 2017 - 1:00pm

AACo to enter Taiwan market

Beef producer Australian Agricultural Company is set to expand its activities in Asia by launching in Taiwan's market in June.

10 May 2017 - 12:58pm

Apple's 800b reasons to smile spur Nasdaq

A record market cap for Apple saw the Nasdaq close at another record high while the S&P; 500 was slightly down setting another intra-day mark.

9 May 2017 - 10:08pm

Growth, deficit forecasts hinge on wages

Falling confidence and retail sales, record high household debt and sluggish wage growth have not dampened the government's enthusiasm for consumption growth.