'Ticking time-bomb': Infinity cables still in thousands of homes

A national recall of faulty electrical cabling has only captured 54 per cent of the total 4313 km that was installed.

How our tax system doesn't hurt the ultra-rich

• COMMENT

Tell me again about the terrible burden of our progressive tax system, of how the wealthy pay too much tax.

'I don't want them to finish up like me': Calls for black lung compensation

Retired coal miner Percy Verrall believes compensation should be on the table for workers affected by the insidious black lung disease.

Cosmetics are the new battle ground for retailers

Lispstick wars are gaining momentum across the country, led by the French-based cosmetic giant, Sephora

Building giant fined $280,000 over terrifying crane crash

John Holland has been hit with a $280,000 fine for major safety violations after a terrifying crash between a crane and an elevated work platform.

'Favors granted': ATO's Cranston ordered court case dropped

Senior tax official accused of ordering court case to be dropped as "favour" for top accounting firm.

WA 'catastrophe' puts Rio, BHP in firing line

The cash-strapped Western Australian state government will ask Rio Tinto and BHP to pay an upfront multi-billion dollar fee in exchange for cancelling an ongoing levy on their iron ore production.

Banks, miners drag ASX into the red

With no overseas cues to guide investor sentiment, selling in the banks and miners dragged the ASX 200 down 0.8 per cent towards 5700 points.

New Wesfarmers boss to earn millions less than predecessor

Conglomerate Wesfarmers will pay its new chief executive up to $4 million less than his predecessor, acknowledging "downward pressure" on CEO pay levels in the broader market.

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.

Markets Live: Bruised ASX eyes iron ore

• Live

Shares endure a soft start the week, as selling in the banks resumes and after a sharp fall in the price of iron ore on Friday night weighs on the miners.

ATO to work with Plutus clients at centre of alleged tax fraud

Employers caught up in an alleged fraud ring accused of stealing $165 million can contact the Australian Taxation Office to find out if they will be liable for tax that wasn't paid because it was being siphoned off by a criminal syndicate, the agency says.

Moody's downgrades China's debt rating

For the first time in more than 25 years, the ratings agency Moody's has downgraded China's debt rating.

Uber CEO's mother killed in boating accident

Mother of Uber CEO Travis Kalanick has died in a boating accident near Fresno, California after her boat struck a rock and sank.

'Trivial' bank levy won't raise rates, top official says

The head of the Treasury has dismissed the impact of $6.2 billion budget levy on banks.

Wall Street signals bond yields to remain lower

The Australian dollar was around US50 cents the last time the yield advantage was this small.

How to play the world's water shortage

Global political uncertainty and fully valued share markets have investors turning to long-term megatrends to secure attractive returns.

Diane's distress after home insurance policy cancelled

What happens if a co-insured burns down a jointly owned and jointly insured house in a fit of rage?

Crisis over, Samsung can enjoy the power of habit

• COMMENT

Forgiveness is a wonderful thing, though in reality what Samsung may be enjoying is the power of habit.

'No rose-coloured glasses': finally some GOOD news on the economy

In the past three budgets the Treasury has forecast a lift in economic growth and has been disappointed.

Motley Fool: Beware the bank levy panacea

• COMMENT

It's popular with voters, but that doesn't make it perfect.

$A to fall below US70¢ as bond spread shrinks

The Australian dollar may fall below US70¢ by year end as one of its key drivers, the Aussie-US bond spread, dwindles to almost zero.

Commonwealth Bank to close Kingston branch

Kingston branch to close in just over a month, but ATM will remain.

Uber to hike fares in Sydney and Melbourne

Uber will hike minimum fares and slug passengers with an extra booking fee from next month so it can cover "operational costs".

Tax is cheap for our mega-rich

Big profits come from capital gains, and capital gains enjoy a 50 per cent tax discount. Michael Pascoe comments.

More cashless bank branches tipped as consumers go digital

Consumers can expect to see more bank branches without cash, as the boom in digital finance pushes banks to use their retail stores to sell more complex financial products.

Pound traders sweat as polls boost election jitters

The British elections are getting tighter, which could mean a nervy couple of weeks for pound traders.

Options for US shale unit under review: BHP

BHP Billiton is assuring shareholders that it's exploring numerous options for its contentious US shale unit amid pressure from activist investor Elliott Management to carry out a wider review of petroleum operations.

WA may ask BHP, Rio to cash out iron ore levy

Western Australia may ask Rio Tinto and BHP Billiton to pay potentially billions of dollars to end a mining rent tax to help patch a budget decimated by lower commodity prices.