- AAP•6 hours ago
Britain's May wins Brexit reprieve
British Prime Minister Theresa May has won a modest reprieve in stalled Brexit talks, with European Union leaders signalling their readiness to move the negotiations forward in the coming months. EU leaders said on Friday at a summit in Brussels that they would begin preparations to move into "
- AAP•14 hours ago
The business week in numbers
Shares in Crown Resorts hit an eight month low and the unemployment rate fell too. Here are some of the numbers that grabbed attention - or should have - in the business world this week. MONDAY: 70.6 per ...
- AAP•14 hours ago
Holden hails last car the 'best ever'
It's red with a V8 engine and Holden believes the final Commodore to roll off its assembly line in Adelaide is the best car it has produced. Director of manufacturing Richard Phillips drew links between the last car and Holden's famous first model, the 48-215 produced in 1948. "Sixty-nine
- AAP•14 hours ago
CBA may fire staff who underperform: Chair
Commonwealth Bank chairman Catherine Livingstone says staff could be fired if the lender finds any further evidence of serious misconduct. CBA executives forfeited short-term incentives and the board imposed a 20 per cent reduction in its 2017 directors' fees, amid allegations the bank breached
- AAP•15 hours ago
Lack of vision important to Holden demise
When Holden made the decision to quit car manufacturing in Australia in 2013, it said it had been hit by a "perfect storm" of unfavourable economic conditions. A high Australian dollar, high production costs, a small domestic market and increasing global competition, combined with the coalition
- AAP•15 hours ago
Telstra AFL app customers offered refunds
Telstra has offered refunds to some subscribers of its AFL streaming service after the consumer watchdog raised concerns about the telco's disclosure of the size of its viewing screen available on mobiles and tablets. The consumer watchdog says Telstra in January introduced a screen-size restriction
- AAP•16 hours ago
Ansell steady on earnings guidance
Protective gloves and clothing supplier Ansell says growth momentum from 2016/17 has continued into the first three months of the current financial year. The company has maintained its guidance for underlying earnings per share from its continuing businesses of 91 to 101 US cents in fiscal 2018. Adding
- AAP•16 hours ago
Ansell maintains earnings guidance
Protective gloves and clothing supplier Ansell says growth momentum from 2016/17 has continued into the first quarter of the current year and has maintained its earnings guidance. Ansell says it expects underlying earnings per share from its continuing businesses of 91 to 101 US cents in fiscal 2018
- AAP•16 hours ago
Telstra refunds AFL app customers
Telstra has offered refunds to some subscribers of its AFL streaming service after the consumer watchdog raised concerns about the telco's disclosure of the size of its viewing screen available on mobiles and tablets. The consumer watchdog says Telstra in January introduced a screen-size restriction
- AAP•17 hours ago
CBA may fire underperformers: Livingstone
Commonwealth Bank chairman Catherine Livingstone says staff could be fired if the lender finds any evidence of serious misconduct. CBA executives forfeited short-term incentives amid allegations the bank ...
- AAP•18 hours ago
Gas prices to remain high, says UBS
East coast gas prices are not likely to come down any time soon, despite recent government intervention to boost domestic supplies, according to UBS analysts. Detailed supply-demand modelling for east coast gas shows there are insufficient gas supplies available over the next five years without the
- AAP•18 hours ago
Aristocrat shares rise on Israeli buy
Shares in Aristocrat Leisure have jumped after the gaming machine maker finalised the acquisition of Israel-based social gaming company Plarium Global for $500 million. The company said on Friday it had obtained all necessary regulatory approvals to complete the purchase of the privately owned free-to-play
- AAP•18 hours ago
New car charging stations to 'unlock' Aust
With Australia lagging behind the rest of the rest of the world in getting onboard with electric vehicles, it is hoped 40 new recharging points across NSW will help "unlock" the nation. NRMA announced the influx of electric vehicle recharging points on Friday as part of a $10 million investment
AAP•18 hours agoAust shares push above 5,900 mark
A recovering Australian share market edged back through the 5900 mark at midday, recovering early losses after weak overnight leads and further declines in energy and commodity prices. The benchmark S&P/ASX200 ...
AAP•18 hours agoHolden boss thanks workers on final day
Holden managing director Mark Bernhard has thanked the company's workers "from the bottom of my heart" as the the car producer closed its Adelaide assembly operations. My Bernhard says treating workers with dignity and respect was always the company's top priority since the decision
- AAP•18 hours ago
Wildfires scorch California pot crop
Desperate to see if wildfires had damaged his farm, Marcos Morales gunned his four-wheel-drive station wagon along the hidden dirt roads that crisscross Sonoma County vineyards. After evading police roadblocks and passing vintners' well-tended pools and houses, he finally arrived to a disheartening
- AAP•19 hours ago
Stocks to watch
Stocks to watch on the Australian securities exchange: NAB - NATIONAL AUSTRALIA BANK - up 11 cents, or 0.3 per cent, to $32.49 CBA - COMMONWEALTH BANK - up 26 cents, or 0.3 per cent, to $79.00 The heads ...
AAP•19 hours agoMerkel sends positive Brexit signal to May
German Chancellor Angela Merkel has offered one of her most positive assessments of Brexit talks in months, saying she believed negotiations between the EU and Britain were moving forward and dismissing the prospect of a breakdown. Merkel made her comments after the first day of a European Union summit
- AAP•19 hours ago
New car charging stations to 'unlock' NSW
The reach of electric cars in NSW is set to supercharge following the announcement of up to 40 new recharging points across the state. NRMA announced the influx of electric vehicle recharging points on ...
- AAP•19 hours ago
Holden loss a 'massive' shock: SA premier
The shutdown of Holden's car assembly plant in Adelaide will be another "massive" shock to the South Australian economy, Premier Jay Weatherill says. Mr Weatherill says the job losses will be a major challenge, but believes the impact will not be as severe as what was once feared, when
AAP•19 hours agoNAB says rate hikes a response to APRA
National Australia Bank chief executive Andrew Thorburn insists the bank lifted interest-only mortgage rates to meet regulatory requirements, not to make more money. The consumer watchdog is looking into whether banks are trying to pass on the cost of the federal government's bank levy, but Mr Thorburn
