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Hospitality penalty rates are to be cut.

Penalty rate ploy could bring 'chaos'

Reversal of the Fair Work Commission's decision to reduce Sunday penalty rates in industries including the hospitality and retail sectors could lead to industrial "chaos" and reduce wages to a political "plaything" experts warn.

ASIC's push for stronger search warrant powers has been supported by a government review.

ASIC raids aren't a surprise, they should be

The corporate cop would no longer need to tip off targets of its investigations before obtaining a search warrant, something it must sometimes do today, under draft recommendations from a key government taskforce.

Communications Minister Senator Mitch Fifield said the move would help the broadcasters that are under competitive ...

Broadcasters' shares surge on $127m government gift

Shares in Australia's free-to-air TV and radio networks have jumped after the federal government regulated a cut in broadcasting licence fees in a bid to ease pressure from foreign tech companies and online streaming services.

Moving up: IAG said margins would benefit from its move to release reserves.

Low wages drive IAG surge to new record

Insurance Australia Group shares struck a record high on Wednesday after the insurer unveiled a hefty profit upgrade, thanks to much lower claim costs than it had expected.

Other central banks are likely to follow the lead of US Federal Reserve chair Janet Yellen and gradually withdraw from ...

The central bank tide turns

Monetary policymakers around the world are prepping markets for a gradual removal of central bank stimulus - but are investors ready? We ask three experts.

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`Enigma Network' rocks Hong Kong with sudden 90% losses

It sounds straight out of Le Carre: "The Enigma Network." But suddenly that phrase is sending shock waves across Hong Kong equities, in an unexpected culmination of one man's campaign to train a spotlight on the darkest corners of the market.

Martin Shkreli, former chief executive officer of Turing Pharmaceuticals AG, arrives at federal court in the Brooklyn ...

'America's most hated man' loses mistrial bid

Martin Shkreli's criminal fraud trial jury hasn't been selected yet and already the brash pharma executive tried to get the case thrown out of court and lashed out at reporters covering his case.