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Oil price slumps ahead of OPEC meeting

Oil prices fell on Friday, with US crude dropping more than 4.0 per cent, on fresh trade tensions and record high US crude production but they still eRead More



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Morrison restructures top govt agencies New! 2019-12-05 00:04:39Scott Morrison is reducing the number of federal government departments and sacking five senior bureaucrats in a major shake-up of the public service.

Pioneer signs $120m scheme with Carlyle New! 2019-12-04 23:50:39Pioneer Credit has confirmed US investment group Carlyle as preferred bidder to acquire the business for $1.82 per Pioneer share, a large discount to

Panoramic rejects IGO $312m takeover bid New! 2019-12-04 22:18:49Panoramic Resources has formally rejected the takeover bid from Independence Group and confirmed it is looking to raise $31 million to fund its operat

Templeman forms culture taskforce New! 2019-12-04 21:38:14Culture and the Arts Minister David Templeman has announced the formation of a cultural precinct taskforce, ahead of WA Museum’s reopening in la

Lowe cautious on QE New! 2019-12-04 20:50:50Moves by the Reserve Bank to buy private assets or government bonds, known as quantitative easing, are unlikely in the near future, according to gover

Target Caltex raising cash, selling sites New! 2019-12-04 20:34:47Caltex Australia is planning a $500 million capital raising and the sale of an initial 25 petrol stations for $136 million as it contends with an unso

Global eyes on WA's tech festival New! 2019-12-04 20:30:40West Tech Fest showcases WA’s wide range of talent, ideas and successes in an increasingly competitive market.

Oct retail flatlines despite RBA rate cut New! 2019-12-04 20:11:15Retail spending flatlined in October in yet further evidence consumers have banked any recent stimulus windfall instead of hitting the shops.

7-Eleven drags Metcash to $152.5m H1 loss New! 2019-12-04 20:03:42Metcash has slipped to a $152.5 million first-half loss on the back of the loss of its 7-Eleven supply contract.

ASX rises as all sectors bounce back New! 2019-12-04 19:55:27The Australian share market has rebounded following two days of steep losses and after stocks on Wall Street bounced overnight.

Nahan to vacate Riverton in 2021 2019-12-03 03:16:02Former treasurer Mike Nahan will not re-contest his seat of Riverton at the 2021 state election, he announced today, about six months after leaving th

Gruyere mine opens in Goldfields 2019-12-03 03:04:49Gold Road Resources and Gold Fields' $621 million Gruyere mine officially opened today, with Mines and Petroleum Minister Bill Johnston saying the pr

Business

Australia's big four banks forced to hold billions New! 2019-12-04 23:54:07The big four banks will be forced to hold more capital in New Zealand after the country's central bank increased requirements, but analysts say there

'Don't use Viagogo': Fake Elton John tickets sold New! 2019-12-04 23:31:13An Adelaide mother and her autistic son would have been among 200 people who missed out on last night's Elton John concert because of ticket fraud &m

Landholders launch court case against Clive Palmer's Galilee New! 2019-12-04 23:14:05Lawyers representing landholders in the footprint of Clive Palmer's proposed Galilee Basin mine say a recent court decision has stopped them from obj

Abalone diver discovers shipwreck off WA's south coast New! 2019-12-04 22:51:19It was deliberately scuttled and it's whereabouts became a mystery but more than 100 years later, the wreck of the iron steamship 'Herschel' has be

Powercor settles with fire victims after secret document New! 2019-12-04 21:57:16Electricity provider Powercor agrees to pay victims of one of the 2018 St Patrick's Day fires in south-west Victoria following revelations of shortco

Coles in massive $5 million payment to dairy New! 2019-12-04 21:05:11Coles will pay more than $5 million to Norco dairy farmers after it was found it had not passed on the full amount of a milk price rise, despite claim

Would you record your work-outs for your husband? New! 2019-12-04 20:37:17A man gives his wife an exercise bike for Christmas, then she sends him videos of herself working out. This ad is being called "sexist" and "dystop

Outback mine, one of only five of its 2019-12-04 16:00:22Nearly 50 people have lost their jobs after the owner of a central Australian garnet mine is placed in administration for the second time in two and a

Months of delays and a $1.3b budget blowout 2019-12-04 15:54:08After months of delays and a $1.3 billion budget blowout, the NSW Premier announces an opening date for Sydney's light rail line between Circular Qua

Australian shares rebound on hopes of US-China trade 2019-12-04 15:46:31Australian shares recover from global sell-off, and all it took was US President Donald Trump saying trade talks with China are going "very well".

The power company will soon be able to 2019-12-04 15:34:31Instead of building expensive new power stations, the energy sector is increasingly focused on trying to get households and industries to cut back on

Barbara is at the pinnacle of her career, 2019-12-04 13:00:39By all measures of success, Barbara Sharp's career has been nothing but stellar. Yet, now in her 50s, she has found herself in an unusual situation w

Finance | News.com.au

Scott Cam’s govt pay packet revealed New! 2019-12-05 09:09:55TV tradie Scott Cam will be paid $345,000 for a 15-month government contract, a Senate committee has heard.

Darling Point style in Palmy New! 2019-12-05 09:09:55Courtland House is not your average Palm Beach property in fact it would not be out of home in the eastern suburbs.

Christmas is cancelled for Sydney property market New! 2019-12-05 09:09:55Some people are going to get a seriously large Christmas present this year as property auctions are booked right up to Chrissy and agents are working

Selling Houses Australia reno delivers wow factor New! 2019-12-05 09:09:55The Selling Houses Australia team has worked its renovation magic on a Drysdale farmhouse with a transformation the vendors hope will win over buyers.

$270k CV fraudster’s supermodel con New! 2019-12-05 09:09:55An Aussie woman who was jailed over a brazen resume fraud also used a supermodel’s photo on her own LinkedIn profile, it has been reported.

Sacked Starbucks barista’s revenge New! 2019-12-05 09:09:55The Starbucks manager who was fired when a cop at her shop received an order labelled “PIG” is considering suing the coffee giant for maki

Watchdog bans ‘offensive’ fast-food ad New! 2019-12-05 09:09:55A KFC advert has been banned for using a pun that sounded too much like a swear word.

$21m Lotto winner’s ‘sad’ mistake New! 2019-12-05 09:09:55One lucky person has the winning Arizona lottery ticket – but never came forward and missed the deadline to claim the $US14.6 ($A21.3) million p

The $3.7 Trillion Corporate Debt Question New! 2019-12-05 09:09:55About half of all issued corporate bond debt is rated triple-B, the lowest score for investment-grade debt. Analysts say all this debt could be a mess

Owners’ fury over changed floor plans New! 2019-12-05 09:09:55Dozens of furious apartment owners in Sydney say huge chunks of the courtyards and rooms promised in their off-the-plan homes have failed to materiali

Property moguls secure quick sale for Sydney stunner New! 2019-12-05 00:17:14Belle Property Australasia owners Peter Hanscomb and Fiona Biondi have sold their custom-designed whole floor apartment in Mosman.

International A-lister eyeing this Sydney trophy home New! 2019-12-05 00:17:14A mystery A-list celebrity is among a group of international buyers reportedly circling a trophy home in Mosman that could test the lower north shore&

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Afterpay racks up $1b in monthly sales as New! 2019-12-05 00:13:29Black Friday sales have pushed buy now, pay later darling Afterpay to a fresh sales record, as monthly transactions cracked the $1b mark for the first

Using art to ignite knowledge and heal trauma New! 2019-12-05 00:00:00Working with students from refugee backgrounds is one of the most rewarding roles a teacher can have, says Cindy Valdez-Adams.

'Alternative offer unlikely': CGI Glass Lewis backs Seven-Prime New! 2019-12-04 23:41:31Major proxy adviser CGI Glass Lewis has given the thumbs up to Seven West and Prime Media Group's planned merger.

'Unforeseen circumstances' force change in Treasury Wine's US New! 2019-12-04 23:36:34Australia's biggest wine company has switched the head of its American operations after 'unforeseen personal circumstances' prevented an executive

Whitehaven Coal cuts production forecasts due to bushfire New! 2019-12-04 22:44:31Coal mining giant Whitehaven has been forced to slash its coal production forecasts at its biggest mine

Bellamy's shareholders back Chinese dairy group's $1.5b takeover New! 2019-12-04 22:43:45Bellamy's Organic shareholders have overwhelmingly voted in favour of a deal that will see China Mengniu Dairy Company buy the organic infant formula

Ex-CBA exec Kelly Bayer Rosmarin takes over as New! 2019-12-04 21:44:46Singtel Optus deputy chief executive Kelly Bayer Rosmarin will take over the top job from Allen Lew after nine months at the telco.

'Fantastic outcome': Coles to pay farmers $5.25m after New! 2019-12-04 21:41:43Coles said it was increasing the price of its milk to help drought-stricken farmers but just two weeks later the regulator claims it slashed its suppo

Kiwis have just thrown another grenade at battle-weary New! 2019-12-04 21:36:24New Zealand's reserve bank has added massive new capital demands to major bank woes.

Elon Musk tells jury he's worth $29 billion, New! 2019-12-04 21:11:52The Tesla chief's wealth came up in the second day of his testimony before an LA court, where he is on trial over a tweet in which he called a Britis

Where's Harold? ASIC slams Mitchell's reluctance to testify New! 2019-12-04 20:49:38Former Tennis Australia director Harold Mitchell inappropriately helped Seven West Media win the rights to the Australian Open in 2013, a court has he

A waving robot has lured NASA to Australia New! 2019-12-04 20:38:07NASA has loaned Woodside its technology to explore ways to make tasks more efficient on offshore oil and gas platforms, hoping the knowledge gained co

Business News - Markets

Aston Martin shares accelerate on talk of Stroll New! 2019-12-05 07:43:00Aston Martin shares have surged by a fifth amid reports the owner of the Racing Point Formula One (F1) team is planning to take a major stake.

Blackstone weighs bid for &#163;4bn student digs group New! 2019-12-05 06:21:00The world’s largest property investor is weighing a £4bn takeover bid for a major British student housing provider as its owners plot a sa

Household net wealth surges to &#163;14.6tn, but debt New! 2019-12-05 06:05:00The net wealth of British households has surged 13% in real terms, according to official figures.

Huawei: Boris Johnson suggests UK will comply with New! 2019-12-05 03:41:00Boris Johnson has suggested that the UK will comply with the American stance on banning Huawei equipment within the country's 5G network.

'Disciplined' discount approach helps Joules grow revenue New! 2019-12-05 03:18:00Joules, the fashion retail brand, has reported a surge in revenue in the run-up to the festive season, crediting a "disciplined approach" to discoun

Tourists face travel chaos as national strike begins New! 2019-12-05 02:04:00Travellers heading to and from France face five days of chaos due to a general strike across the country.

South African Airways lands emergency loan deal to New! 2019-12-05 01:39:00South African Airways is on course to be saved from collapse through an emergency government loan deal.

Musk 'pedo guy' tweet like a 'life sentence New! 2019-12-04 21:13:00Elon Musk and Vernon Unsworth could not have presented more contrasting personalities from the witness box in a Los Angeles courtroom.

Johnson reveals first 100 days plan with election 2019-12-04 16:22:00With just a week to the general election, Boris Johnson is already confidently - if not complacently - talking about his plans for the first 100 days

Metro Bank boss to stand down after bruising 2019-12-04 15:11:00The boss of Metro Bank is to step down after a decade in the job following a turbulent year for the lender.

Clintons secures rescue deal saving 2,500 jobs 2019-12-04 14:29:00Up to 2,500 jobs have been safeguarded at Clintons after the greetings card chain was sold back to its existing owners as part of a rescue deal.

Labour's plan to 'save families &#163;6,700' does not 2019-12-04 12:41:00Labour claim Conservative-led governments since 2010 have precipitated a "cost of living crisis", calculating that increases in household bills, com


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