Commonwealth Bank chairman Catherine Livingstone leaving the banking royal commission on Wednesday.

The 10 minutes that shamed the CBA board

The CBA board led by David Turner approved $14 million in bonuses to 12 executives in just 10 minutes, only a small fall on the past year, despite dozens of scandals.

MinRes in $1.58 billion lithium deal 

Chris Ellison's Mineral Resources has struck deal to sell a half share in its Wodgina lithium project to battery metals giant Albemarle for $US1.15 billion

Labor puts energy ahead of NEG

Labor will subsidise household batteries, underwrite clean power, and keep alive the option of a NEG, in order to reduce emissions and ward off a Coalition scare campaign.

Former CBA chairman refuses to hand back fees

Former CBA chairman refuses to hand back fees

Former CBA chairman David Turner refused to return 40 per cent of his director's fees when asked by the board, a demand that was never made public, the banking royal commission has heard.

APA Group is still of interest to other potential bidders after CKI's offer was blocked.

APA back on US acquisition hunt

Gas pipeline owner APA Group has promptly resumed a chase for a $4 billion acquisition in the US after the government's vetoing of Hong Kong suitor CK Group's $13 billion takeover.

Woolworths chairman Gordon Cairns (left) and chief executive Brad Banducci say they can help reduce household food bills.

Woolworths cuts back on capex

Woolworths says planned cutbacks in capital spending will help lower household food bills because it will have more money to cut prices.

Australian shares rallied from a 23-month low at the open on Wednesday.

ASX rallies from near two-year low

Australian shares closed lower on Wednesday despite rallying from a near two-year low earlier in the session, as energy and material stocks weighed.

Opinion

Livingstone vs Orr in battle of minutes

Rowena Orr hit Catherine Livingstone with the sensational suggestion that the bank had failed to meet its statutory obligations under the Corporations Act by not keeping accurate minutes from its board meetings.

Prime Minister Scott Morrison in Sydney.

Time to pay up, PM tells big business

The nation's 3000 largest businesses will be forced pay their bills to small and medium enterprises within 20 days as a condition of future government contracts.

MELBOURNE, AUSTRALIA - SEPTEMBER 07:  The chairman of the Prime Minister's Indigenous Advisory Council Warren Mundine ...

Mundine in talks with LDP and Liberals

Former Labor president Warren Mundine considers running for the Liberals in the ultra-marginal NSW seat of Gilmore - but he's also in talks with the Liberal Democrats for the Senate.

Giuseppe Conte, Italy's prime minister, is open to dialogue with Brussels but shows no sign of compromise in the budget ...

EC gears up to punish Italy

The European Commission has recommended launching a sanctions procedure against a defiant Italy over its budget deficit.

Personal Finance

Governor of the Reserve Bank of Australia Philip Lowe reckons white collar workers will start to feel the heat from ...

RBA's warning to white collar workers

Reserve Bank Governor Philip Lowe says workers 'don't feel happy' nor confident about their future prospects despite unemployment levels in many major economies being lower than they have been in decades.

Goldman strategists led by David Kostin wrote: "Cash will represent a competitive asset class to stocks for the first ...

Goldman says it's time to boost your cash

Stock investors have had a great run in recent years, but with cash now offering positive inflation-adjusted returns, it may be wise to dial back on risk, according to Goldman Sachs.

Commonwealth Bank chairman Catherine Livingstone and chief executive Matt Comyn.

Livingstone defends Comyn's promotion

CBA promoted the head of the scandal-ridden retail bank to CEO because no external candidate would have been immune from a regulatory scandal, chairman Catherine Livingstone says.