Bid 'materially undervalues' Fairfax says major shareholder

• UPDATED
• 54 mins ago

The private equity firm has made a new offer for Fairfax Media, valuing the group at about $2.7 billion.

'Solar goldmine': Sydney tapping just 1 per cent of a stellar resource

• 1 hr ago

The scale of Australia's untapped solar energy resources has been laid bare with a study of the City of Sydney finding as little as 1 per cent of the available rooftops equipped with photovoltaics.

Bank levy could make us less shock-proof, industry claims

• 1 hr ago

The ability of banks to respond to future financial shocks could be undermined by the government's $6.2 billion bank tax, several of the country's largest lenders claim.

Bouncing banks help offset ASX Monday morning blues

Investors bought up shares in the major banks after last week's dramatic post-budget selloff, but a mixed overseas picture meant the ASX had little direction on Monday.

Markets Live: Banks prop up sagging ASX

Gathering enthusiasm for bank stocks helped the ASX overcome the Monday morning wobbles, as Quintis and Oroton shares enter a trading halt.

ASX winners and losers - a snapshot

The stand out listings traded on the ASX captured at key moments through the day, as indicated by the time stamp in the video.

How retailers are wooing Chinese shoppers

Mainstream retailers are catching up to the Paris end of Collins Street by employing new tactics to attract Chinese shoppers.

China's trade plan benefits to flow to Australia

If China's trade initiative delivers on its promises, new trade relationships and investment relationships will emerge that Australian companies can take advantage of, one expert says.

Commonwealth Bank runs ad against bank levy

The Commonwealth Bank appears to be testing the waters for an advertising campaign against the federal government's proposed bank levy, by paying to spread its chief executive's criticism of the new tax on social media.

House prices fall again as loans to investors drop

• UPDATED

Home loans to investors have fallen to the lowest level in 10 months.

Gelato shop forced to apologise after 'blackface' social media storm

An Australian gelato company has suspended a member of its social media team and publicly apologised for posting what it says was a "careless and insensitive caption" about ''blackface'' over the weekend.

Gas industry has 'lost the trust of the public'

The nation's oil and gas industry has "lost the trust of the public", which is threatening its so-called "social licence", the head of one of the country's largest gas producers has warned.

Oroton halts shares as sales deteriorate

• UPDATED

Oroton has entered a trading halt as it prepares to reveal that sales have continued to deteriorate.

'No wonder you don't have a husband': Woman taunted by insurance investigator

The insurance industry is being urged to draw up new standards to prevent fraud investigators from harassing and intimidating claimants.

Australian housing affordability worsens

Low interest rates are fueling a high demand for housing despite tighter lending rules, says St. George Bank Senior Economist Janu Chan.

Unsustainable labour challenges leave Australia's vegetable supplies to rot

A quarter of Australia's vegetable growers are leaving valuable produce to rot because they can't find enough workers to pick and pack it, according to a new report

NAB-owned UBank launches robot to sell home loans

In a first for an Australian bank, NAB-owned UBank has launched an artificial intelligence "chatbot" for home loans.

Budget 2017: politics over policy

The budget certainly could be better, but draining the Abbott poison is a singular achievement. Michael Pascoe comments.

A big week for the AUD, USD

With China still in the spotlight and expectations elevated for a hike in June from the Federal Reserve, this week's Australian economic data could be highly influential for the AUD. This video was produced in commercial partnership between Fairfax Media and IG Markets.

14 signs that you're underpaid

If you're willing to invest the time and research, you'll be better informed as to whether you should ask for a raise or walk.

Qantas gets credit rating bump on market dominance, loyalty

Qantas' dominance of the local market and its profitable loyalty program have earned the airline a credit ratings upgrade from Moody's.

8@eight: ASX looking for direction

• Sponsored

Local shares are set for a fairly flat open after a mixed day on Wall Street on Friday.

Liberals paying for Labor's bigger government, as usual

• COMMENT

The Liberals have always been right to portray themselves as the party of smaller government.

BHP to drop 'Billiton' in rebranding move

Global miner BHP Billiton is taking its first steps to preparing to drop "Billiton" from its name, with the launch of a global rebranding which will also mark the move away from styling the group as "the big Australian".

Higher bid for Fairfax likely as private equity bid lacks support

With Fairfax Media's board set to reject private equity group TPG's​ $2.2 billion demerger proposal, sources are saying the media group's suitor is working on a different proposal that will involve a full cash takeover offer for the group.

Passive onslaught will fade, says Geoff Wilson

For Geoff Wilson, the veteran fund manager and chairman of Wilson's Asset Management, everything comes in cycles.

Aldi buys into supermarket price war

Aldi is ramping up its marketing efforts with a new brand campaign.

The scams that netted $300m from Australians last year

Scams are getting nastier than ever before.

Bayswater station's pollution masking lasted decades, documents show

Managers of Bayswater power station in the Hunter Valley provided staff with precise instructions on how to blend coal to avoid triggering pollution alerts, documents stretching across almost two decades show.