ASX has best day in seven months

• 43 mins ago

The ASX dodged the US mini-tech-wreck, surging to its best day in seven months, as investors flooded back into beaten-up bank stocks.

'Illustrious' career on hold: Cranston suspended from ATO during criminal probe

• 52 mins ago

ATO deputy commissioner appears in court for the first time following an investigation into a $130 million tax fraud scheme.

Markets Live: Banks trump tech

• 54 mins ago

Investors ignored a mini US tech-wreck and ploughed into the big banks, helping the ASX record its best session in seven months, supported by upbeat business confidence data.

Army's new pay deal to leave public service far behind

• 1 hr ago

Diggers will be offered a 6 per cent pay increase over three years with no loss of conditions.

ASX winners and losers - a snapshot

• 1 hr ago

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

CSL shares hit peak on China purchase

• 1 hr ago

Shares in CSL were pushed to fresh highs on Tuesday by news of its first acquisition in China.

Ten Network scrambles to escape corporate undertaker

• COMMENT
• 1 hr ago

It is difficult to see how Ten Network can escape the corporate undertaker after losing the support of the three billionaires, Lachlan Murdoch, James Packer and Bruce Gordon, who until last weekend had been keeping it afloat.

Bellamy's announced $60m capital raising, new Fonterra deal

Troubled dairy company Bellamy's has unveiled a $60.4 million capital raising as part of a major overhaul that will see it take control of a new canning facility and recast its supply arrangement with sector giant Fonterra.

Crown's detained China staff charged with gambling offences

• UPDATED

James Packer's Crown Resorts says all its staff who have been detained in China since October have now been charged with offences relating to the promotion of gambling.

FOMO 'is putting the economy at risk'

Tim Samway of Hyperion Asset Management says fear of missing out has led to high risks for the Australian economy as a whole due to overexposure to the heavyweight banking sector.

Network Ten in trading halt

Broadcaster Network Ten enters a two-day trading halt amid concerns about its financial stability.

Villaworld buys Plumpton land for $44m

Listed property developer Villaworld has paid $44 million for two land sites in Plumpton, a suburban growth corridor in Melbourne's north-west.

'They know me and trust me': Thomas to work on Dreamworld inquiry

Ardent Leisure's former chief executive, Deborah Thomas, is committed to working on the coronial inquiry into the deaths last October at the Dreamworld theme park.

Ten in two-day trading halt as board mulls debt options

• UPDATED

The company requested a halt while the board decides how to proceed with financing, amid concerns about its stability. 

Business conditions remain upbeat

A measure of business conditions eased just a touch from decade highs in May with growth reported across all sectors.

Digital currency frenzy crashes Coinbase exchange

New York: Digital currency exchange Coinbase said on Monday it was experiencing an outage due to an increase in traffic and trading volume.

RBA not moving, but monetary policy is

In theory, higher US rates should mean a stronger greenback and a weaker Aussie dollar, but the theory hasn't been working. Michael Pascoe comments.

House prices slip again

Melbourne and Perth were the only major capital cities to escape a property price dip last week.

Jeff Immelt to retire as General Electric CEO

GE names veteran insider John Flannery as its next chief executive, taking over from Jeff Immelt who is stepping aside after 16 years at the helm.

Singaporeans leading deals on St Kilda Road

Melbourne's famed leafy St Kilda Road boulevard is at the centre of a flurry of Singapore-led sales activity with potential buyers negotiating over two towers and another set to be offered to market.

Tech pulls Wall Street lower

Investors sell off tech stocks and pick up badly beaten sectors like energy and industrials.

Shares languish but GE boss to walk away with $148.5m

Jeffrey Immelt, who is stepping down as chairman and CEO of General Electric after 16 years, will retire with at least $US112 million ($148.5 million).

8@eight: Red start to the week for ASX

• Sponsored

The local sharemarket is set to open lower as Wall Street retreated, with technology stocks particularly on the nose.

7-Eleven compensation climbs over $110 million

The level of compensation paid out highlights failures in Australia's employment law system to keep wage theft in check.

Official: Most public service sickies legit

Plan to get public servants showing up says "engagement" key to a workforce that wants to turn up.

Network Ten's future on shaky ground as billionaires shy away

Network Ten appears on increasingly shaky ground as new doubts emerge on whether the three billionaires who agreed to guarantee a $200 million lifeline in 2013 will extend the same support for the next round of funding.

Beston is less as gourmet meal ticket causes indigestion

Investors who plugged $127 million into Beston Global Food Company, with its promise of cashing in on China's fine dining boom, have suffered a bout of indigestion from their gourmet meal ticket.

Record beef and lamb prices send farmer confidence skywards

Confidence levels have surged among Victorian and NSW farmers thanks to record beef, lamb and mutton prices, and favourable seasonal conditions in Victoria and the Riverina, a new survey shows.

No tax revolt as Australians happy with what they pay

• EXCLUSIVE

Most of us think high earners pay too little, corporations pay too little, and what we pay is about right.