• Energy ministers endorse federal plan
    AAP36 minutes ago

    Energy ministers endorse federal plan

    Energy ministers have endorsed further work on a Turnbull government plan to bring down power prices, keep the lights on and cut emissions. Federal energy minister Josh Frydenberg met with his state and territory colleagues in Hobart for the COAG Energy Council on Friday. SA and the ACT sought further

  • AAP55 minutes ago

    The business week in numbers

    Foreign buying of Australian property, surging profits at dairy farmer A2 Milk and Ten's run as a listed company draws to a close: here's a few of the numbers that grabbed attention - or should have - ...

  • Palaszczuk defends 'Robin Hood' taxes
    AAP1 hour ago

    Palaszczuk defends 'Robin Hood' taxes

    Queensland Premier Annastacia Palaszczuk has likened herself to Robin Hood as she defended Labor's decision to announce four new taxes less than two days out from the election. But the party won't be giving ...

  • Myer chairman warns against Premier at AGM
    AAP1 hour ago

    Myer chairman warns against Premier at AGM

    Myer's outgoing chairman Paul McClintock says Solomon Lew's campaign against the board threatens to derail its transformation in a bid to secure shareholders' support. Mr McClintock, at Myer's annual general meeting in Melbourne on Friday, urged shareholders to be sceptical of Mr Lew

  • AAP2 hours ago

    Two major companies to 'try' Tesla trucks

    Tesla has got some high-profile orders from Wal-Mart Stores and fleet operator JB Hunt for its future electric truck, but would-be customers indicate they are giving the big rig a try, not buying in volume. Most of the customers who announced plans to put down $US5,000 deposits for the Tesla Semi indicated

  • AAP2 hours ago

    Stocks to watch

    Stocks to watch on the Australian stock exchange: CWN - CROWN RESORTS - down 15 cents, or 1.2 per cent, at $12.36 Casinos operator Crown Resorts is in talks over the future of its stake in joint-venture ...

  • AAP3 hours ago

    Italian banks face long road to modernise

    Bailed-out Monte dei Paschi, the world's oldest bank and a bastion of tradition dating back to 1472, has entered the realms of virtual reality. After surviving the worst of a bad loans crisis, Italian banks face another daunting mission - modernising centuries-old businesses and finding new ways

  • AAP3 hours ago

    Village Roadshow confident of dividends

    Village Roadshow says it is still experiencing low visitor numbers a year after the fatal accident at rival theme park Dreamworld, but expects to start paying dividends again this financial year. The company, at its annual general meeting on Friday, said Gold Coast theme park attendance to October 31

  • Crown in talks on potential CrownBet deal
    AAP3 hours ago

    Crown in talks on potential CrownBet deal

    Casinos operator Crown Resorts is in talks over the future of its stake in joint-venture online wagering business, CrownBet. Media reports say a merger between CrownBet and UK-based bookmaker William Hill could be on the cards. Crown Resorts has confirmed it is in talks over its 62 per cent stake in

  • AAP4 hours ago

    Trump makes it easier to exploit consumers

    Richard Cordray, head of the US Consumer Financial Protection Bureau (CFPB) since 2012, says he will resign before his five-year term expires. Nominating Mulvaney, in other words, is functionally equivalent to eliminating the agency entirely. This ominous sign is the latest example of the Trump administration

  • China slide weighs on Aust shares
    AAP4 hours ago

    China slide weighs on Aust shares

    Australian shares are trading lower in early trade, with investors wary after a sharp decline in the Chinese markets on Thursday and with Wall Street closed for a public holiday. The benchmark S&P/ASX200 stock index was down 0.52 per cent after the first half-hour of trade, with all sectors other than

  • AAP4 hours ago

    Crown in talks over possible CrownBet deal

    Crown Resorts is in discussions over the future of its CrownBet joint venture amid reports a merger with UK-based bookmaker William Hill could be on the cards. The Australian casino operator has confirmed ...

  • Energy ministers discuss new national plan
    AAP4 hours ago

    Energy ministers discuss new national plan

    Energy ministers are expected to endorse further work on a Turnbull government plan to bring down power prices, keep the lights on and cut emissions. Federal minister Josh Frydenberg is meeting with his state and territory colleagues in Hobart for the COAG Energy Council on Friday. The national energy

  • With no US lead, Aust shares open lower
    AAP4 hours ago

    With no US lead, Aust shares open lower

    The Australian share market has opened sharply lower, with no lead from Wall Street with US markets closed for the Thanksgiving public holiday. At 1015 AEDT on Friday, the benchmark S&P/ASX200 index was ...

  • AAP4 hours ago

    Rio extends iron ore deal with Sinosteel

    Rio Tinto has again extended an agreement to sell its Pilbara iron ore to Chinese state-owned steel company Sinosteel. The two businesses will sign a new deal to extend their Channar Mining joint venture in WA, under which Rio will supply an additional 10 million tonnes of iron ore in return for an

  • AAP4 hours ago

    Shipbuilding giant promises more for SA

    An international shipbuilding giant has promised to build sections of cruise ships in South Australia. Fincantieri which is also in the running to build the navy's $30 billion future frigates at Osborne in South Australia, announced on Friday it will build three steel cruise ship blocks in the state

  • AAP5 hours ago

    Saudi to buy $US7b munitions from US firms

    Saudi Arabia has agreed to buy about $US7 billion ($A9.2 billion) worth of precision guided munitions from US defence contractors, sources familiar with the matter said, a deal that some lawmakers may object to over American weapons having contributed to civilian deaths in the Saudi campaign in Yemen

  • AAP5 hours ago

    Ten exits ASX after almost two decades

    Ten Network's near two decade spell as a publicly listed company is about to come to an end as it starts its new venture under CBS ownership. The embattled network will be removed from the Australian Securities Exchange at close of business on Friday, after a court granted the transfer of its shares

  • Labor taxes are responsible: Qld premier
    AAP6 hours ago

    Labor taxes are responsible: Qld premier

    The Queensland premier has defended Labor's decision to announce four new taxes just two days before the election. Annastacia Palaszczuk says the new taxes, announced on Thursday as Labor detailed how it would fund its election promises, won't affect many Queenslanders. The taxes include a

  • Aust shares look set to open lower
    AAP6 hours ago

    Aust shares look set to open lower

    The Australian share market looks set to open lower, with no real lead to offer direction with US markets closed for the Thanksgiving holiday. At 0700 AEDT on Friday, the share price futures index was ...

  • AAP7 hours ago

    International markets roundup

    NEW YORK: US markets were closed on Thursday for the Thanksgiving holiday. LONDON: A fall in Centrica's shares weighed on British stocks on Thursday, but a rebound in housebuilders and a weak pound provided ...