Business

Latest Business News

Robern Menz CEO Phil Sims, left, with Richard Sims, said: "As the new gatekeeper of Violet Crumble, we are aware of the ...

Violet Crumble back in Australian hands

The iconic Violet Crumble chocolate bar is back in Australian hands after a fourth-generation family owned Adelaide business inked a deal with Swiss food and beverage giant Nestlé to acquire the brand.

La Trobe Valley's Loy Yang coal-fired power station.

'Worse than Liddell': Another coal-fired plant starts tripping

One of the nation's largest coal-fired power stations has had six failures of one of its units in the past three weeks, placing added strain on the power grid, and prompting a call for fossil-fuel plants to be set the same reliability standards being considered for renewable energy suppliers.

Investors are playing it safe.

8@eight: Negative start in store for ASX

Equity markets have seen limited moves, with small selling in European indices (the DAX fell 0.8%). In the US, the S&P; 500 may have traded somewhat lower and into 2736, but the buyers have defended the 5-day moving average at 2738, however, with an hour to go the index is lower by 0.2% and eyeing its first negative close of the year.

Wall Street shares rose again overnight.

Markets Live: ASX pauses after gains

Australian shares snapped a five-session streak of gains, as investors paused after pushing shares to highs not seen in ten years in recent sessions.

Macquarie logo.

Macquarie Group sues family of alleged US fraudsters

Macquarie Group is chasing $US40.7 million ($52 million) from an American family that ran a billion-dollar-plus cocoa trading business, after emails between staff allegedly revealed one of the biggest fraud cases in recent US history.

Investors are playing it safe.

8@eight: ASX set to follow Wall St higher

There just aren't any bears left in the room, or at least they aren't prepared to act in any meaningful way and this seems logical (at this juncture), as swimming against the tide and going against this steamroller is a low probability outcome

Small Business