Miners dig a hole for ASX

Australian shares ended a downbeat session on an even weaker note, with miners the worst performers in a day of broad-based losses.

Rod Jones: “We recognised there was a flaw in the model."

Navitas profit dives 54pc

A fall in revenue from college closures and wiping off the value of US tax-loss assets has seen education group Navitas report a slide in EBITDA for the six months ended December 31.

Origin axes 650 jobs

Origin Energy will cut 650 jobs from its integrated gas business to help achieve cost reduction targets.

Stock prices on an electronic board at the ASX.

Markets: ASX mired in the red

Australian stocks lost ground on Tuesday, joining in a global consolidation move, as traders brace for a busy week of data and policy news.

Big IPOs elude ASX 

Funds raised via IPOs on the ASX plummeted 46 per cent in 2017, and a trend toward greater numbers of smaller raisings will continue in early 2018, a report has found.

Crypto heist forces security rethink

A more than $US500 million record heist from a Japanese exchange, the latest in a long line of high-profile hacks, is directing attention to a new kind of venue that makes it harder for would-be thieves.

Opinion

Edmund Tadros

Consultants off Canberra's gravy train

An inquiry into the use of consultants by the federal government has set off alarm bells across an industry that has won management consulting-style contracts worth $39.4b from Canberra over the past five years.

Academic and author Clive Hamilton.

China 'a special risk to Australia'

A crackdown on foreign influence will only work if the measures counter secretive Chinese organisations attempting to influence MPs, universities and the media.

Enterprise bargaining on 'life support'

Bill Shorten said enterprise bargaining was "on life support", flagged increases to the minimum wage and moves to curb increases in private health insurance costs.

Christopher Pyne has insisted Australian made content on the navy's fleet of future frigates will comfortably exceed 50 ...

Fresh fight over frigate build

As the government sells its plan to grow defence exports, key Senate bloc questions how much work will be available to locals under $35 billion navy contract.

Wu Xiaohui was detained by authorities in June, throwing the acquisitive insurer into disarray.

China said to be brokering sale of Anbang stake

China's government, which has been probing alleged financial wrongdoing at Anbang Insurance Group, is seeking to broker the sale of a stake in the insurer, people with knowledge of the matter said.

Theresa May at Davos last week. She is under pressure from the Trump administration not to endorse the Belt and Road ...

May declines to endorse Belt and Road

The UK Prime Minister will raise western concerns over Xi Jinping's flagship infrastructure initiative this week, in a move that is likely to cast a shadow over her three-day visit to China.

Personal Finance