ASX suffers worst week of 2017

Shares suffered their worst weekly loss of the year, as investors were kept on the back foot amid gathering unease around the Australian economy and after another shock poll result in the UK.

News Corp loses $15 million tax case appeal

Australia's highest-risk taxpayer has lost an appeal in the Federal Court on a $15 million tax bill relating to interest income.

Class action could delay Murray Goulburn case: ACCC

The competition watchdog is pushing to have its case against the nation's biggest milk processor heard before a class action threatens to drag the matter out.

Former Westpac planner cops five-year ban

A former Westpac financial planner has been slapped with a five-year ban after it was revealed 177 clients had been charged fees without receiving all the services they had paid for.

ANZ, Suncorp target investors with rate hike

• UPDATED

ANZ Bank raises rates on interest-only home loans but cuts them on principal and interest loans.

Markets Live: UK cliffhanger sparks wobbles

• Live

Political uncertainty makes a surprise return - UK exit polls inject some volatility into markets and the ASX isn't immune.

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.

UK election shock casts doubt on Brexit path

The certainty with which financial markets had treated the British election has disintegrated, with markets now pricing in more political risk.

Home loans fall for third month in a row

The fall is fuelling speculation of a property downturn following a crackdown on investor loans.

Record-breaking economy? We're no world-beater

• COMMENT

The claim Australia has been recession-free for 2½ decades is technically true, but meaningless.

Asia's richest man's net worth soars $3.7b in a day

Jack Ma's net worth surged $3.7 billion overnight as Alibaba forecast sales growth that topped every analysts' estimate.

AGL's electricity price hike to cost households extra $300 a year

AGL is the first of the big three energy retailers in NSW to announce increases to electricity and gas prices.

Young Canberra worker chasing $15k in unpaid wages after Schnitzel Haus collapse

Max wrote a formal letter of demand for money owed on February 7. A day later the business went bust.

'Catastrophic': Alan Finkel auditions for the role of Australia's chief political scientist

• ANALYSIS

Australia's chief scientist has steered a politically pragmatic course in his landmark energy report.

Secret recordings of Pauline Hanson 'justified in the public interest'

Airing secret recordings of Pauline Hanson and James Ashby during an investigation into One Nation were not a breach of rules, the media regulator has found.

Gen George sells start-up OneShift

At only 26, Gen George sells employment start-up OneShift to Programmed for an undisclosed amount.

The jobs with the best prospects for a pay rise this year

The latest salary survey by recruitment firm Hays shows workers in some sectors will do better than others in the pay stakes this year.

Enterprising Singaporean developer starts work on 555 Collins

A Singapore billionaire has begun marketing apartments in a dilapidated Collins Street building.

Coke ditches Zero looks to No Sugar hero

Coca-Cola is making its sugar-free options clearer as sugar is declared the new "dietary villain".

ASIC moves on failed Pilbara property scheme

Australia's corporate watchdog has moved to shut down 19 companies associated with failed Pilbara property scheme marketed by get-rich-quick spruiker Jamie McIntyre.

Miners eye Europe's largest lithium deposit

An Australian company says it's found lithium deposits in the Czech Republic amounting to 1.3 million tonnes.

'Burst into flames': lithium battery fires on planes on the rise

Federal Aviation Administration statistics indicate that airplane fires involving lithium batteries are on the rise.

Deutsche Bank says privacy laws block Trump disclosures

Deutsche Bank is not allowed to share information it may have about President Donald Trump's finances and his possible ties to Russia despite a request from US lawmakers, the German lender told Congress on Thursday.

The last car maker in Australia

Melbourne based Tomcar makes rugged off-road vehicles and could be the future of Australian manufacturing.

What a hung Parliament means for the pound

The pound fell sharply after an exit poll projected the Conservative Party would fall short of a majority in parliament.

Seven years after oil spill, BP's rating lifted

The agency bumped up the oil giant's rating one notch, citing a strong performance despite oil price volatility and greater fiscal clarity following its $26.5 billion settlement of the deadly 2010 Gulf of Mexico spill.

Pound tumbles as UK exit poll unnerves investors

The possibility of a hung parliament unnerved markets on Thursday.

8@eight: Exit poll rocks markets

• Sponsored

Three big events overnight, with the last proving to be the most dramatic, with a shock exit poll from the UK election seeding the pound tumbling. Locally, shares are due for a flat start.

Wall Street finishes flat after Comey testimony

The 'Trump trade' has made a comeback on Wall Street but the S&P; and Dow industrials ended flat after former FBI director James Comey's testimony.