Wall St pares gain late in session

• 1 hr ago

Financial markets ended a volatile week with a final bout of turbulence as Donald Trump's political troubles intensified.

The cocaine-snorting businessman and the tax scam

By February 7 this year, the syndicate which allegedly ran the Plutus Payroll scam had become very nervous about the future of their massive, $165 million fraud.

Tech sector inflows surge

Tech stocks are on fire and the Nasdaq is on pace for a stunning 75 per cent gain for the year.

Gonski 2.0: A sequel worth watching

• COMMENT

The hot question is whether Turnbull's Gonski 2.0 yields a better and more cost-effective combination of fairness and economic efficiency.

Journalist spoke to boss about ATO tax fraud scoop

• EXCLUSIVE

A Current Affair doesn't usually miss a scoop. But on Thursday, Steve Barrett missed a whopper.

The fizzy drink that has soft drink giants scrambling

The fizzy fermented drink loved by sugar-free devotees is on the radar of soft drink giants Coca-Cola Amatil and PepsiCo.

We are visiting shopping centres less and less

The number of shoppers at shopping centres, high street and discount shopping centres has fallen 4.4 per cent this year, compared with 2016, according to figures tracking people entering and exiting stores.

CBA slams brakes on interest-only loans

The bank has removed incentives on such loans and demanded customers hold larger deposits.

Accused fraudster Simon Anquetil spent $100,000 on strippers in a four-month period

• EXCLUSIVE

Simon Anquetil, one of the alleged conspirators in the $165m tax fraud, racked up $100k on strippers.

The Aussie brands conquering the wallets of Chinese millennials

The Aussie brands conquering the wallets of Chinese millennials.

Australia's largest tax fraud syndicate had its origins in modest Menai

From a quiet street in Menai to the sands of Bondi Beach, the largest alleged tax fraud syndicate in the country's history had somewhat humble beginnings.

Dastyari raises concerns over TPG-Russian links

The Labor senator says he has been contacted by people concerned about TPG's Russian contacts.

'I was just a guinea pig to them': single mum reveals recruitment to fraud racket

A single teen mother was unwittingly lured into a $165 million tax fraud syndicate, believing she was helping a man hide thousands of dollars from his estranged wife after an ugly divorce. 

Geopolitics drag ASX into the red

A lift in commodity prices failed to offset steep losses in the banks, as investors grappled with the escalating controversies surrounding the US president.

QIC sues EnergyAustralia for $1b over deal gone wrong

Queensland Investment Corp is seeking close to $1 billion in damages over claimed misrepresentations by power utility EnergyAustralia with the sale of the Iona underground gas facility

Secret AFP move in hunt for missing millions

• EXCLUSIVE

More than half of the $165m stolen by the tax fraud syndicate may never be seen again.

Macquarie admits to misconduct inside its foreign exchange trading arm

Macquarie Bank will donate $2 million to charity and open up its foreign exchange arm to scrutiny after the corporate watchdog uncovered a series of breaches by its traders.

Coming for the tax lawyers – and quantity surveyors?

• COMMENT

First they came for the tax lawyers and accountants. Are quantity surveyors going to be the next political tax target?

ATO's 'bad apples' have no fear of being caught: whistleblower

A culture of fear stops public servants reporting managers' misconduct, a whistleblower says.

Low-paid cleaners to accost Premier at ALP conference

A key left-wing union is preparing to confront Victorian Premier Daniel Andrews at Saturday's Labor Party state conference and demand sweeping reform to protect school cleaners from "wage theft".

High-earning sales rep takes on Jones Lang Lasalle over unfair dismissal

The regional director of a multibillion-dollar real estate firm has been given the go-ahead by the Fair Work Commission to pursue a claim of unfair dismissal against Jones Lang LaSalle, despite earning well above the income cap.

Macron can lead France to a Napoleonic ascent

• COMMENT

Emmanuel Macron has a mandate for change that his predecessor sorely lacked

Markets Live: No relief for ASX

Shares are unable to find any support as investors continue to dump the big banks and the ASX extends the week's losses.

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 Roger Ailes and Fox News changed the world

• ANALYSIS

To some extent, we all live in the world that Roger Ailes bequeathed us when he died on Thursday.

Financial markets remain beholden to political risk

In the absence of any tier-one economic data, it really will be sentiment towards US politics that dominates investors' mindsets, although the OPEC meeting is also a consideration. (This video was produced in commercial partnership between Fairfax Media and IG Markets).

Can British Bunnings save the Wesfarmers renovation?

"If I had the money I would buy one," local man Dave says while taking his dog for its daily walk past the store.

Pimco warns Trump's unpredictability is a constant

Investors know there's never only one cockroach and Pimco's head of policy warns the Russian investigation might be the first of many missteps.

Tensions rising over mortgage broker commissions

One of the country's biggest mortgage brokers is asking regulators to monitor any moves by banks to cut their commissions, amid speculation these payments could be chopped as banks try to offset the budget's tax hit.