ASX drifts as NAB losses weigh

Shares eased to end the session in the red, as losses from the banking sector offset more gains from miners and energy companies.

Gerard McCormack, of South Melbourne, was banned for five years by the regulator last year.

NAB to cut 6000 jobs, lifts full-year profit

A strong performance from its business lenders has helped National Australia Bank lift its full-year cash profit to $6.64b, while announcing it will cut 6000 jobs over the next three years.

 Andrew Thorburn.

Brave Thorburn eyes digital future

After spending the last three years purging NAB of its underperforming UK operations and shaking up Wealth, CEO Andrew Thorburn is now looking ahead.

The ASX is set to edge higher.

Markets: How the day unfolded

Australian shares eased back on Thursday, with the benchmark index ending the session in the red as losses for the banking sector offset more gains from miners and energy companies.

Opinion

Queensland Premier Annastacia Palaszczuk said Labor has created 122,500 jobs in the past three years.

Half of outback Qld youths jobless

More than half of young people in outback Queensland are unemployed, with pockets of high unemployment helping fuel the resurgence of One Nation.

NAIF eyes energy projects

The $5 billion Northern Australia Infrastructure Fund hopes to support energy projects in Queensland and wants to avoid a repeat of the "sub-optimal" development seen in WA's iron ore heartland.

The company now expects to make about 5000 of the cars a week by late in the first quarter of 2018, rather than by the ...

Tesla reports biggest ever quarterly loss

Tesla has delayed a target for its critical Model 3 sedan as production setbacks at its battery Gigafactory contributed to record cash burn by Elon Musk's electric-car maker.

Personal Finance

Terrace houses in Darlighurst. 16th October 2016, Photo: Wolter Peeters, The Sydney Morning Herald

Sydney house prices fall 0.7pc

Sydney house prices fell 0.7 per cent in October for the second month in a row but apartment prices are holding up better than houses.