Sterling stunned by UK election shock
Sterling spiralled lower on Friday as British elections left no single party with a clear claim to power.
Sterling spiralled lower on Friday as British elections left no single party with a clear claim to power.
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.
Australia's highest-risk taxpayer has lost an appeal in the Federal Court on a $15 million tax bill relating to interest income.
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.
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 Bank raises rates on interest-only home loans but cuts them on principal and interest loans.
Political uncertainty makes a surprise return - UK exit polls inject some volatility into markets and the ASX isn't immune.
The stand out listings traded on the ASX captured at key moments through the day, as indicated by the time stamp in the video.
The certainty with which financial markets had treated the British election has disintegrated, with markets now pricing in more political risk.
The fall is fuelling speculation of a property downturn following a crackdown on investor loans.
The claim Australia has been recession-free for 2ยฝ decades is technically true, but meaningless.
Jack Ma's net worth surged $3.7 billion overnight as Alibaba forecast sales growth that topped every analysts' estimate.
AGL is the first of the big three energy retailers in NSW to announce increases to electricity and gas prices.
Max wrote a formal letter of demand for money owed on February 7. A day later the business went bust.
Australia's chief scientist has steered a politically pragmatic course in his landmark energy report.
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.
At only 26, Gen George sells employment start-up OneShift to Programmed for an undisclosed amount.
The latest salary survey by recruitment firm Hays shows workers in some sectors will do better than others in the pay stakes this year.
A Singapore billionaire has begun marketing apartments in a dilapidated Collins Street building.
Coca-Cola is making its sugar-free options clearer as sugar is declared the new "dietary villain".
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.
An Australian company says it's found lithium deposits in the Czech Republic amounting to 1.3 million tonnes.
Federal Aviation Administration statistics indicate that airplane fires involving lithium batteries are on the rise.
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.
Melbourne based Tomcar makes rugged off-road vehicles and could be the future of Australian manufacturing.
The pound fell sharply after an exit poll projected the Conservative Party would fall short of a majority in parliament.
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.
The possibility of a hung parliament unnerved markets on Thursday.
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.
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.
Less time chatting and socialising means more time working and churning.
There are advantages it is hard for small businesses to ignore.
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