• AAP2 hours ago

    Christensen backs call for banks inquiry

    Conservative Queensland MP George Christensen has told Malcolm Turnbull he will vote with the opposition for a bank inquiry and to reverse cuts to penalty rates. The Nationals MP says he wrote to the prime minister urging the government reconsider its position on the issues, the Mackay Daily Mercury

  • AAP2 days ago

    Stocks to watch

    Stocks to watch on the Australian stock exchange: DHG - DOMAIN - down 1 cent, or 0.3 per cent, at $3.68 FXJ - FAIRFAX MEDIA - down 2.0 cents, or 2.7 per cent, at 71 cents Fairfax Media's real estate spinoff ...

  • AAP2 days ago

    Red Balloon penalised over card surcharges

    Red Balloon has paid $43,200 in penalties after allegedly breaching new consumer laws by charging "excessive" surcharges to some credit card customers when they made payments online. The consumer watchdog alleges the online trader, which sells 'experiences' throughout Australia, such

  • Investors stunned by Aussie market recovery
    AAP2 years ago

    Investors stunned by Aussie market recovery

    The Australian share market has closed higher after Chinese fourth-quarter gross domestic product (GDP) data beat expectations.

  • AAP2 days ago

    Qld economic growth falls well short

    Queensland's economic growth has fallen to 1.8 per cent, among the lowest in the nation, according to the latest figures from the Australian Bureau of Statistics. Queensland was ahead of only WA, whose economy contracted by 2.7 per cent, and Tasmania, which grew by 1.1 per cent, and just behind

  • AAP2 days ago

    David Jones lags Myer as sales drop

    A trading update from Johannesburg-listed Woolworths Holdings show total sales at David Jones fell by 5.3 per cent over the 20-week period to November 12, while like-for-like store sales dropped 5.2 per cent. Woolworths said David Jones's performance was impacted during the period by refurbishments

  • AAP2 days ago

    Cambodia faces international action

    The US has promised "concrete steps" against Cambodia and the European Union raised a threat to vital trade preferences after the main opposition party was banned ahead of elections. The Cambodia National Rescue Party (CNRP) was dissolved by the Supreme Court on Thursday at the request of

  • AAP2 days ago

    McFerryface now a NSW election issue

    The Sydney Habour ferry recently named Ferry McFerryface has bizarrely become a NSW election issue. Maritime Union of Australia workers are boycotting the ferry over what they say is a "disrespectful" name and now Opposition Leader Luke Foley says he'll scrap the name if Labor wins government

  • Craft beers and celestial bars in Leeds
    AAP2 days ago

    Craft beers and celestial bars in Leeds

    Leeds is the UK's fastest-growing city, driven by financial services and the business sector. Boasting a world-class museum (the Royal Armouries), internationally renowned opera and ballet companies, restaurants at the cutting edge of foodie culture and a clutch of sophisticated shopping arcades

  • AAP2 days ago

    Hurdles for Tabcorp-Tatts merger to clear

    THE LEGAL HURDLES TO THE TABCORP-TATTS MERGER SO FAR NOVEMBER 2016 The Australian Competition and Consumer Commission (ACCC) started to review the proposed Tabcorp-Tatts merger in November 2016 after Tabcorp ...

  • Tabcorp-Tatts merger back on track for now
    AAP2 days ago

    Tabcorp-Tatts merger back on track for now

    The $11 billion merger of gaming giants Tabcorp and Tatts Group is back on track for now, after the Australian Competition Tribunal gave the deal a green light for a second time. The Tabcorp-Tatts merger was thrown into doubt in July after the ACT had to review its original approval because of objections

  • Domain shares excessive, overvalued: Citi
    AAP2 days ago

    Domain shares excessive, overvalued: Citi

    Domain is overvalued at $2 billion and the property advertiser's share price is "excessive", analysts have said. Citi analysts on Friday rated the newly listed Fairfax spinoff a "sell" and set a target of $3.40 per share, about eight per cent below their price on the second day

  • AAP2 days ago

    Jetmakers end Dubai with big orders

    It started with a deal that never was and ended with the mother of all air show announcements - last week's Dubai Airshow saw little in the way of firm new business, but reminded observers the rivalry between two global giants is as fierce as ever. As stragglers placed a handful of orders, delegates

  • AAP2 days ago

    Vic treasurer slams GST carve-up plan

    Victoria's treasurer says Western Australia has made "little effort" to address its economic woes and other states shouldn't have it bail it out with a GST shake-up. At a Productivity Commission public hearing in Melbourne on Friday, Tim Pallas said Victoria stands to lose $972 million

  • AAP2 days ago

    Airbnb expands with Accomable purchase

    Airbnb has acquired London startup Accomable to expand home-renting opportunities for people with disabilities, the latest expansion as Airbnb grows its global travel business. The deal includes adding to the Airbnb website Accomable's roughly 1,100 house and apartment listings that can accommodate

  • Domain shares "overvalued": Citi analysts
    AAP2 days ago

    Domain shares "overvalued": Citi analysts

    Shares in profitable property group Domain are "overvalued" and the current share price is "excessive", analysts say the day after the company debuted on the ASX with a market value of more than $2 billion. Citi analysts on Friday downgraded Domain's shares to a sell rating and

  • AAP2 days ago

    Mexico's election main threat to US ties

    Mexico's threats to weaken US narcotics and migration co-operation if NAFTA dies are pure bluster, Mexican and US officials say, with next year's election posing a far greater challenge to future collaboration. Mexican officials have threatened to strike back if US President Donald Trump kills

  • Aust shares hold on to most of early gains
    AAP2 days ago

    Aust shares hold on to most of early gains

    The Australian share market has held on to most of its morning gains with sentiment upbeat after the Republican's proposed tax reform passed the US House of Representatives. The benchmark S&P/ASX200 index ...

  • AAP2 days ago

    The business week in numbers

    Domain goes it alone on the ASX, commercial lending gets tight in September and NAB's Baird banks big bucks: here's a few of the numbers that grabbed attention - or should have - in the business world ...

  • AAP2 days ago

    Vic could lose $1b a year if GST changes

    Victoria's treasurer says a proposed shake up of the nation's GST distribution leaves the state picking up the tab for Western Australia's poor fiscal management. At a Productivity Commission public hearing ...

  • Tabcorp-Tatts merger gets new approval
    AAP2 days ago

    Tabcorp-Tatts merger gets new approval

    The $11 billion merger of gaming giants Tabcorp and Tatts Group is again clear to proceed, with the Australian Competition Tribunal giving the deal a green light, subject to one condition. The Australian Competition Tribunal (ACT) now says it will approve the merger if Tabcorp divests its Odyssey Gaming