Markets Live: Whoops! Lend Lease's early release
A slump in the ASX's biggest stock weighs but the market has fought back from early lows, while Lend Lease jump on an 'inadvertent' release.
Latest Business News
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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.
'Hugely disappointing': Big three energy retailers drop fixed rate plan
All of the big three energy retailers have dropped their fixed-rate electricity plans in the aftermath of 17 per cent price hikes.
RBA sees jobless rate edging lower, gradual wage growth
The RBA has cut its economic growth forecasts by half a percentage point for the rest of this year.
Trump praises market he once called a 'big fat bubble'
As America's sharemarket reached record highs this week, it had few louder cheerleaders than President Donald Trump. Never mind he saw a bubble when it was 4,000 points lower.
The six charts that prove why workers are feeling the pinch
Australians love to whinge about the cost of living. But they might finally have a point, writes Jessica Irvine.
Law Institute to offload Bourke Street office
The Law Institute of Victoria has moved to sell its Melbourne headquarters in Bourke Street, a building it has occupied for nearly 40 years.
Crown profits slump as VIP business almost halves
Profits have fallen at James Packer's Crown Resorts following a dramatic decline in revenue from wealthy VIP high rollers in the wake of the arrests and jailing of the company's staff in China.
Why I am a giant red flag to insurers
Finding adequate life insurance is easy unless you have pre-existing conditions, making the cost far too high for most people.
Gap stores to close in Australia after Oroton pulls pin
American fashion retailer Gap will shut its doors in Australia.
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CBA accused of breaching money laundering act
Austrac has launched civil proceedings in the federal court alleging that CBA failed to comply with the law on more than 50,000 occasions.
Tabcorp slumps into the red on merger costs, legal battles
Tabcorp has slipped to a full-year net loss of $20.8 million, down sharply from last year's $169.7 million profit.
Pace wins approval for Abbotsford apartment
Melbourne-based Pace Development Group has won planning approval to build a 12-level apartment above Abbotsford's St Crispin House.
Life's too short: Why we pay the mug's power bill
The major power companies' default mode is to treat loyal, long-term customers as complete mugs. You can ask for discounts, but it's finding the best deal where the pursuit of cheaper power becomes complicated.
Iron ore enjoying 'Goldilocks moment'
The world's biggest producer of iron ore says the market is in a sweet spot, with prices generating a tidy profit but not enough to lure much new supply.
Ex-CFMEU boss Dave Hanna charged with destroying documents
The lawyer for a former CFMEU boss accused of destroying documents has slammed trade union investigators for charging his client with an offence that did not exist.
The five things that save businesses from Amazon's grip
Almost nothing seems out of reach for Amazon these days. But the online giant can't disrupt everything, Morgan Stanley says.
8@eight: ASX set to open flat ahead of Crown, RBA
The Australian market looks set to open flat after an uninspiring mixed session on Wall Street, which was marked by the news that a grand jury will investigate Russia's interference in last year's US presidential election.
Forget Commonwealth Bank's $9.8b profit next week, Ian Narev will be explaining 'cuckoo smurfing'
The Commonwealth Bank reports its full-year results next Wednesday, but chief executive Ian Narev no longer has to worry about the forecast $9.8 billion profit dominating the headlines.
Call to stop subsidies for 'junk' health insurance policies
CHOICE has called on the federal government to stop propping up ''junk'' health insurance policies with tax breaks and rebates.
Air France in North Korea missile test close shave
Air France has expanded its no-fly zone over North Korea after missing a missile test by 10 minutes.
How drug syndicates 'laundered' millions via CommBank
If you used a Commonwealth Bank ATM in Sydney's inner-east around two years ago, you may have unwittingly witnessed the bagmen for a $22 million money laundering syndicate at work.
Travel is a good reminder that we are a nation of migrants
I've been away from Australia for three weeks, something I have never done before in more than 40 years of running a business that had three rules – service, service, service.
'Serious and systemic': CBA faces money laundering claims
Austrac has started court action against CBA, alleging "serious and systemic non-compliance" with the Anti-Money Laundering and Counter-Terrorism Financing Act.
Indonesia wants Brandis' help with Montara class action
One of Indonesia's most senior ministers has called on Attorney-General George Brandis to help speed up a class action on behalf of thousands of seaweed farmers.
Rio Tinto becoming a 'cashbox' for investors
Rio Tinto could delivery another hefty dividend early next year and potentially more buybacks, analysts have predicted in the wake of the mining giant's record interim payout this week.
'Phone booth' shipping cartel cops $25 million fine
Giant global shipping lines ran a cartel for importing cars into Australia in a "deliberate, systematic" scheme resulting in a landmark conviction for one company and a massive $25 million fine.
Fake names, drug lords, suspicious trading and CBA
After spending a fortune on a campaign designed to improve its tarnished image and ward off a royal commission, the banking sector must have done a collective face palm at this news.
CareerOne to live on as part of Octomedia
Administrators of collapsed education company Acquire Learning have sold it's single biggest asset - online job search site CareerOne - to a media group.
$A strength a ‘phantom menace’
The recent surge in the dollar has led to a selloff in stocks of overseas earners, but Macquarie reckons the falls have been overdone.
Small Business
Jacqui Walshe runs a $300 million travel business you've never heard of
Delta, South Africa Airways, Abu Dhabi and New York City are just some of the Walshe Group's clients.
Will you pay more for extra safety measures?
Companies need to be better prepared when terror risks rise.