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Investors dumped stocks and fled to safe haven assets such as gold as virus fears deepened.

Dow sinks 1,000 points as spreading virus alarms Wall Street

Wall Street's losses deepened and the Dow Jones Industrials shed 1,000 points in afternoon trading on Thursday as the death toll from coronavirus in the United States rose to 11 and travel related stocks took a severe beating.

  • by Medha Singh and Sanjana Shivdas
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Companies

New apartment block at 1 Lamrock Avenue, Bondi Beach is set to test the market

'Beyond rare': Bondi block could fetch $40m as high-end investors circle

A recently-minted apartment block on the shores of Bondi Beach is set to test the market, with institutional-grade investors joining the list of potential buyers.

  • by Carolyn Cummins
Anthony Levandowski has filed for bankruptcy facing the $271 million court bill.

Ex-Uber executive, ordered to pay Google $271m, files for bankruptcy

Anthony Levandowski, who once ran Uber's self-driving car unit, was ordered to pay rival Google an enormous sum in damages, prompting the software engineer to file for bankruptcy protection.

  • by Reed Albergotti
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Small business

Sohini Trivedi serves a client at one of Ottoman3 Brow Bar's three Melbourne locations. The owner of the  business says it has experienced a 15 per cent drop in sales.

Small business calls for help as coronavirus hit outstrips bushfires

Small business groups are urging the government to provide stimulus and concessional loans, as the hit from the coronavirus begins to eclipse the impact of the summer bushfires.

  • by Cara Waters
Eftpos is lobbying for an easier way for retailers to compare prices for processing card fees, arguing its networks are often cheapest for debit.

Eftpos CEO calls for tap-and-go price transparency overhaul

Chief of Australia's domestic debit network has said regulators should consider mandating new price information.

  • by Emma Koehn

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