Markets Live: ASX droops as RBA holds
Shares slide for a second day as investors shun the opportunity to 'buy the dip' after yesterday's North Korea scare, while the RBA keeps rates at record lows.
Latest Business News
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- 02:17
Interest rates unchanged
The Reserve Bank has kept interest rates on hold at 1.5%. Economics Editor at The Age Peter Martin explains why and when we might see some change.
Reserve Bank leaves rates on hold at 1.5%
The Reserve Bank board has kept its cash rate on hold at a record low of 1.5 per cent for the 13th consecutive month, amid a host of signs that the economy is picking up.
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- 00:43
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.
KEPCO investigation adds to hurdles facing Bylong mine
The NSW government has confirmed it is conducting an investigation into the Australian subsidiary of South Korean giant KEPCO that could affect the company's plans for a $1.5 billion coal mine in the Bylong Valley.
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- 01:25
The honey wars
The Manuka honey may become even more competitive after researchers discovered its healing properties.
Two years after 7-Eleven scandal new laws pass
Employers, particularly franchise chains, face stiff new penalties and a beefed up watchdog after reforms to protect vulnerable workers passed the Senate on Monday night.
Packer told Ten in January he wanted to pull out
Ten Network's board knew James Packer was not willing to continue as a shareholder guarantor a full six months before the company went under.
Capex recovery is just catch up: Goldman
Optimism that the capital expenditure strike is over and signs of companies allocating more money towards investment may be overstated, Goldman Sachs finds.
Former Billabong boss has jail sentence cut but loses appeal
Former Billabong boss Matthew Perrin has had six months shaved off his prison sentence but lost an appeal against his fraud conviction.
Queensland company lands Surat Basin gas deal
Queensland mines minister Anthony Lynham made the announcement to state Parliament on Tuesday, telling MPs it would generate about 150 jobs.
Uber protest turns deadly in Santiago, Chile
Taxi drivers protesting the growth of mobile ride hailing applications blocked the main road to Chile's principal airport in capital Santiago.
Why Apple's new iPhone 8 will affect all of us
Whether we buy one or not, the upcoming release of the new iPhone will have a big effect on all of us.
8@eight: ASX to open higher on RBA day
Wall Street was closed for the Labor Day holiday but the local sharemarket is set to inch higher at the open..
New report shows how much people in Brisbane are spending on their mortgages
According to the Housing Industry Association’s housing affordability index, Queenslanders spend an average of $2287 on monthly mortgage repayments.
Murdoch's Fox could be biggest loser in Ten deal
Network Ten's biggest loser could well be the family Murdoch-controlled 21st Century Fox.
Bitcoin tumbles as China's central bank declares ICO illegal
Bitcoin tumbled the most since July after China's central bank said initial coin offerings are illegal and asked all related fundraising activity to be halted immediately.
Primary's former boss Peter Gregg gets parting bonus
The former chief executive of Primary Health Care Peter Gregg received nearly $1 million in severance pay after being charged with criminal offences.
Macquarie staff 'victims of upskirting, predatory behaviour'
A group of disgruntled clients have accused Macquarie Group of fostering a toxic culture of harassment and predatory behaviour amid claims a male stockbroker cut off the ponytail of a female assistant and another adviser took "upskirting"Â photos of a colleague under her desk.
Sixth generation of family joins Coopers Brewery
The newest recruit to join Australian beermaker Coopers is a one-time stockbroker, who as a child used to eat barley by the handful and play among the barrels at the company's Adelaide brewery.
Catherine Livingstone's clean-up team builds at Commbank with Rob Whitfield's board appointment
That puff of white smoke spotted at the Commonwealth Bank office on Monday morning may have been its embattled board signalling it's anointed a replacement for chief executive Ian Narev.
Ten employees and creditors, except Fox, to be paid in full in CBS deal
Employees and general trade creditors of Network Ten will get 100 per cent of what they are owed by the end of the year under an offer by US broadcasting giant CBS to buy the commercial television station out of administration.Â
'Markets need a correction': N Korea seen as trigger
Stock markets are headed for a big sell-off, maybe not today, but soon.
No buyer: Blackstone puts $3 billion mall sale on ice
Global private equity giant Blackstone has called off the sale of its $3 billion shopping centre portfolio and will instead work on the properties to make them competitive amid the arrival of Amazon.
Berry supplier dragged to court of Patties' Hep A outbreak
The clean up from a hepatitis A outbreak linked to frozen berries has landed in court, with Patties Foods seeking millions of dollars in compensation from the supplier that sourced the infected fruit from China.
Board shake-up can't halt slide as CBA hits new low
A shake-up of the Commonwealth Bank's board has failed to stem a further slide in lender's share price, as investors fret over the future fallout of a money laundering compliance scandal.
Mineral exploration spending jumps in June quarter
Australia needs more greenfields mineral exploration "to find the mines of tomorrow," the acting chief executive of the Association of Mining and Exploration Companies said on Monday, in the wake of new national figures show a slight lift in spending on mining exploration.
ASX slips as N Korea casts a shadow
North Korea's weekend bomb test unsettled market and sparked another flight to less risky assets, cruelling what had looked likely an upbeat start to the ASX's week.
Markets Live: N Korea sparks regional sell-off
North Korea's latest provocation sent shivers through markets, with the ASX lower and safe-haven assets back in demand, while CBA was again the focus of selling in the big banks.
Has CBA found a successor for CEO Narev?
That puff of white smoke spotted at the CBA office on Monday may have been its embattled board signalling it's anointed a replacement for CEO Ian Narev.
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Sick pet? Bring the vet to you
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