Business
'A chilling effect': Academics accuse University of Melbourne of shutting down speech

Academics have accused the prestigious University of Melbourne of trying to stifle free speech...

The Age Business
Industry fears 40 per cent renewable energy target will push up power prices

Australia's peak industry lobby group fears Victoria's decision to go it alone and pursue a 40 per cent renewable energy target within eight years wi...

The Age Business
Regulator, Airbus issue software fix for A350 on explosion risk

BERLIN (Reuters) - European aviation safety authorities have issued an emergency directive for operators of the Airbus A350-900 long-haul aircraft to upload a software fix to...

Reuters Business
Profit surges, dividends up, South32 lifts share buyback by $US250 million

South32 has flexed its dividend policy and will pay well above its minimum commitment, as it distributes a massive $US334 million worth of final dividends...

The Age Business
Profit surge in Perpetual's wealth advisory drives share price higher

Analysts and shareholders have reacted favourably to Perpetual's overall net profit of $137.3 million, up 4 per cent on the previous financial year...

The Age Business
Clough suffers big profit hit

Engineering group Clough has suffered from a massive fall in operating profit for the 2017 financial year, as revealed by South Africa-based parent company Murray &amp...

Business News
Woolworths concede workers could be worse off from ''shoppies'' deal

​Supermarket giant Woolworths has conceded some of its workers could be paid less than the minimum wages of the award as it said it wanted to strike a new agreement with the...

The Age Business
Investa Office boosted by strong leasing market

Investa Office Fund has shrugged off constant takeover speculation by posting a solid result, boosted by what are considered to be the best leasing market conditions ever expe...

The Age Business
Move, cautiously, to FRC: Wood

Grattan Institute energy program director Tony Wood has said the state government should proceed, but move cautiously, toward full retail contestability in the local electrici...

Business News
Move, cautiously, to electricity competition: Wood

Grattan Institute energy program director Tony Wood has said the state government should proceed, but move cautiously, toward full retail contestability in the local electrici...

Business News
Exclusive: In China, the Party’s push for influence inside foreign firms stirs fears

BEIJING (Reuters) - Late last month, executives from more than a dozen top European companies in China met in Beijing to discuss their concerns about the growing role of the r...

Reuters Business
Shares close 8pts higher

The Australian share market has closed slightly higher, led by gains in the resources and a steady energy sector, offsetting a flat day for the major banks...

Business News
Strong year for Ausdrill

Mining services business Ausdrill has delivered a solid full-year result on the back of strong performance in its gold operations in Africa, and is targeting further growth in...

Business News
Competition watchdog flags concern at Platinum Equity's OfficeMax Australia bid

American private equity giant Platinum Equity is considering its next move after the competition watchdog flagged serious concerns about its play for OfficeMax Australia...

The Age Business
David Jones profit falls 25 per cent as consumer sentiment worsens

David Jones has recorded a 25 per cent drop in operating profit, as customers evaporate and it spends heavily in a new food-driven strategy it hopes will revive sales...

The Age Business
ASX inches higher as investors dig miners

Miners helped propel the ASX higher on Thursday, with South32 the latest to impress the sharemarket with its earnings...

The Age Business
Building future foundations for tertiary education

Universities are rethinking the role property has to play in attracting and engaging students...

Business News
Australians now paying 'desperation price' for gas, Orica boss says

Energy companies should look to source gas on international markets to fulfil their commitments to international customers - or be forced to do so - to help solve the national...

The Age Business
China's speculators are swarming all over aluminium has a headline update

Chinese government reforms have caught the eye of speculators and sent a typically dull commodity to its highest prices in six years...

The Age Business
China's speculators are swarming all over aluminium

Chinese government reforms have caught the eye of speculators and sent a typically dull commodity to its highest prices in six years...

The Age Business
Asia stocks brush off Wall St. slide after Trump's comments, dollar revives

SINGAPORE (Reuters) - Asian stocks and the dollar edged up on Thursday, shaking off the risk aversion that gripped financial markets overnight after President Donald Trump thr...

Reuters Business
Peet set for strong year after growing profit

Peet managing director Brendan Gore says strong market conditions on the east coast helped the land developer achieve a higher net profit for the 2017 financial year...

Business News
Peet ready for strong year after growing profit

Peet managing director Brendan Gore says strong market conditions on the east coast helped the land developer achieve a higher net profit for the 2017 financial year...

Business News
Nine calls for cap on prices for sports rights as it fights to defend earnings

Nine expects to work as hard as a Ninja Warrior this year just to keep its earnings steady amid the continuing decline of advertising dollars going to television...

The Age Business
No further crackdown for interest-only customers: Mortgage Choice

Banks will soon be comfortably meeting the regulator's cap on interest-only mortgage lending, and could partially unwind some of the tighter credit conditions bei...

The Age Business
This week's property round-up

OPINION: Sales activity experienced an expansion over the week, with Reiwa members reporting an increase in weekly sales to 545...

Business News
Santanol dispute heads to court

A group of Western Australian investors has started legal action against US-based KKR, calling on the private equity giant to buy them out Indian sandalwood producer Santanol...

Business News
Rising airfares are just the ticket for Australia's cheapest CEO

The so-called golden era of cheap air fares has ended, and Flight Centre founder, Graeme Turner, could not be happier...

The Age Business
Globalization's castaways haunt central bankers

MASSENA, New York/JACKSON HOLE, Wyoming (Reuters) - After a turbulent year of anti-globalization backlash, central bankers still argue open borders and free trade are the key...

Reuters Business
Johnson v Jacob in fight for Joondalup mayor

Former Liberal Party member Rob Johnson has thrown his hat into the ring to run for mayor of the City of Joondalup, pitting himself against former state environment minister A...

Business News
How to manage your boss

One of the key determinants of our income is how well we get on with our boss...

The Age Business
Rising air fares are just the ticket for Australia's cheapest CEO

The so-called golden era of cheap air fares has ended, and Flight Centre founder, Graeme Turner, could not be happier...

The Age Business
JTX sells $25m Ivanhoe site for treble what it paid last year

Following two valuable windfalls, JTX International has flipped an Ivanhoe development site for a speculated $25 million – three times the price it paid mid-last year...

The Age Business
Southern Cross Media delivers 21 per cent increase in underlying profit

Fresh from delivering a rare strong profit for a media company, Southern Cross Austereo will take a plunge into the fast-growing digital billboard market...

The Age Business
Retailers concede Fair Work right to throw out Coles agreement with ''shoppies''

A key retail group has conceded the workplace tribunal was right to throw out a controversial wage deal between Coles and the "shoppies" union as it...

The Age Business
Markets Live: Miners do it again

The ASX climbs as investors double down on miners after South32 is the latest to impress the market with its earnings while Flight Centre soars and Woolies goes on sale...

The Age Business
Asia stocks brush off Wall St. slide after Trump's comments, dollar recovers

SINGAPORE (Reuters) - Asian stocks and the dollar edged up on Thursday, shaking off the risk aversion that gripped financial markets overnight after President Donald Trump thr...

Reuters Business
Murdoch, Gordon cleared for Ten takeover

The Ten Network Holdings' billionaire shareholders Lachlan Murdoch and Bruce Gordon have been given the all-clear by the competition watchdog to make a joint take...

Business News
Surfstitch calls in administrators

Troubled online sports retailer Surfstitch has called in administrators to its listed and holding companies, citing "significant, external challenges&quot...

The Age Business
NRW set for $111m contract in SA

NRW Holdings is set to receive a $111 million contract for work on OZ Minerals’ Carrapateena gold-copper project in South Australia, which today was given the green light fo...

Business News
Westfield malls owner Scentre looks to lifestyle and food to fend off Amazon

Scentre Group, the country's biggest retail landlords has continued with its strategy to internet-proof its Westfield shopping centres by increasing the tenants i...

The Age Business
Dual citizenship High Court dates set

The dual citizenship debacle engulfing Australian politics will return to the High Court in Canberra for a hearing on October 10, 11 and 12 as the legitimacy of several parlia...

Business News
Rio recommits to Black Swan

Rio Tinto has announced its ongoing support for Black Swan State Theatre Company, committing to a further two years’ funding when the current arrangement ends at the end of...

Business News
Perpetual lifts dividend after big profit increase from wealth advisory

Perpetual's wealth advisory business provided the highlight of the financial services group's full-year results...

The Age Business
Dollar regains some footing; focus on central bankers

SINGAPORE (Reuters) - The dollar inched higher on Thursday, paring some of the losses it suffered after U.S. President Donald Trump suggested a shutdown of the government was...

Reuters Business
Santos narrows loss despite impairments

Oil and gas producer Santos has reduced its half-year loss to $US506 million ($A640 million) even though it had an impairment charge of $US689 million on account of lower oil...

Business News
No Nine merger on cards for Southern Cross

A merger between Southern Cross Austereo and affiliate partner Nine Entertainment isn't on the cards even if the federal government's media reforms g...

Business News
South32 swings to profit, lifts dividend

A recovery in commodities prices and ongoing cost reductions have helped diversified miner South32 swing to a solid full-year profit...

Business News
Flight Centre soars after signalling the end of cheap airfares

Flight Centre shares have soared almost 11 per cent, hitting a three-year high after the travel group said the time of heavily discounted tickets could soon be over for Austra...

The Age Business
Why quitting your job could be the best thing for your career

If you are going nowhere in your job, sometimes quitting could be the best thing you do to advance your career...

The Age Business
When do you know its time to quit your job?

If you are going nowhere in your job, sometimes quitting could be the best thing you do to advance your career...

The Age Business
Amazon deal for Whole Foods wins U.S. regulatory, shareholder approvals

WASHINGTON/SAN FRANCISCO (Reuters) - Amazon.com Inc on Wednesday cleared two of the biggest hurdles it needed to close its $13.7 billion acquisition of Whole Foods Market Inc...

Reuters Business
McDonald's starts cutting antibiotic use in chickens in fight against superbugs

McDonald's plans to start curbing the use of important human antibiotics in its global chicken supply next year as the fast-food giant joins a broad effort to bat...

The Age Business
Shares open 14pts lower

The Australian market has opened lower after Wall Street's key indexes fell following President Donald Trump's threat to shut down government if Cong...

Business News
McDonald's to start cutting antibiotic use in chickens in fight against superbugs

McDonald's plans to start curbing the use of important human antibiotics in its global chicken supply next year as the fast-food giant joins a broad effort to bat...

The Age Business
Asia stocks brush off Wall Street slide after Trump's comments, dollar sulks

SINGAPORE (Reuters) - Asian stocks edged up on Thursday, shaking off the risk aversion that gripped financial markets overnight after U.S. President Donald Trump'...

Reuters Business
Markets Live: Flight Centre takes off

South32 has joined the list of miners getting a good reception after its profits result, helping to limit the morning's losses as Flight Centre emerges as the big...

The Age Business
Hershey Trust to sell 4.5 million shares of Hershey Co

(Reuters) - Hershey Trust Co, the charitable trust which controls chocolate maker Hershey Co , said on Wednesday it would sell 4.5 million shares of Hershey's com...

Reuters Business
Santos halves half-year loss to $640m

Oil and gas producer Santos has narrowed its half-year loss to $US506 million ($640 million) from $US1.1 billion a year earlier, as a hefty impairment charge offset the gains...

The Age Business
Nine reports $203m loss after TV licence writedown, costly Hollywood contracts

Nine Entertainment has reported a $203 million annual loss after writing down the value of its television licences and getting weighed down by onerous contracts with Warner Br...

The Age Business
Lachlan Murdoch, Bruce Gordon get ACCC green light to buy Ten

Lachlan Murdoch and Bruce Gordon are a step closer to buying Network Ten after the competition watchdog said it would not oppose their takeover...

The Age Business
Ahead of Lee verdict, Samsung Group lacks leadership 'Plan B'

SEOUL (Reuters) - Samsung Group, South Korea's leading conglomerate, has no 'Plan B' for taking big decisions if its billionaire de fact...

Reuters Business
McGrath reports 42pc drop in earnings as listings weaken

Listed real estate agency McGrath has felt the bite of the challenging housing market with a 42 per cent drop in net profit to $4.9 million for the year to June 30...

The Age Business
Hot careers in the kitchen

A former professional chef is teaching school students how to cook up a great future...

The Age Business
Working towards a zero road toll

One woman's passion for road safety is saving lives...

The Age Business
Commonwealth Bank class action would hurt everyone but the lawyers

Two ambulance-chasing firms are inviting CBA shareholders to punch themselves in the head and pay the firms for the privilege...

The Age Business
Markets Live: Earnings, earnings, earnings

Shares are poised for a cautiously upbeat start despite a soft Wall St lead, as profit reports continue to flow, including from South32, Scentre, and Santos...

The Age Business
Bets on new iPhone spark $5.2b share bonanza - but not for Apple

If the shares of Taiwan's largest airline are anything to go by, Apple's next iPhone will be a runaway success...

The Age Business
Uber second-quarter bookings increase, loss narrows

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] on Wednesday reported a 16 percent increase in quarterly bookings and a smaller loss than the previous period as the...

Reuters Business
Ford names former Key Safety exec Lou to head China operations

(Reuters) - Ford Motor Co. on Wednesday named former Key Safety Systems executive Jason Luo as chairman and chief executive of its China operations...

Reuters Business
Amazon deal for Whole Foods wins regulatory, shareholder approvals

WASHINGTON/SAN FRANCISCO (Reuters) - Amazon.com Inc and Whole Foods Market Inc on Wednesday cleared two major hurdles needed to close Amazon's $13.7 billion acq...

Reuters Business
Tesla's sales head to get $700,000 payout on meeting targets

(Reuters) - Electric carmaker Tesla Inc said on Wednesday it would pay $700,000 to its global sales and service president, Jon McNeill, if he met certain targets for 2017...

Reuters Business
8@eight: ASX set for positive start on busy reporting day

Another busy reporting day on tap, while the ASX is set for a positive start to the day after a quiet Wall Street session...

The Age Business
GE, ABB restart talks over industrial solutions deal: sources

(Reuters) - General Electric Co has resumed negotiations to sell its industrial solutions business to Swiss engineering company ABB Ltd , after the U.S. industrial conglomera...

Reuters Business
Uber reports second-quarter loss of $645 million; ride bookings grow

SAN FRANCISCO (Reuters) - Uber Technologies Inc [UBER.UL] reported on Wednesday that its losses narrowed in the second quarter by 9 percent and ride bookings rose, but the com...

Reuters Business
$A creeps slightly higher against $US

The Australian dollar has crept back above 79 US cents - just...

Business News
Oil up more than 1% on 8th crude drawdown

Oil prices have risen after US crude inventories declined for the eighth straight week and as a storm approached the Gulf Coast with the potential to disrupt oil and refined p...

Business News
Gold up as focus shifts to Jackson Hole

Gold prices have edged up, drawing support from political uncertainty in the United States and the weak dollar before a major central banking conference there this week...

Business News
Facebook picks veteran executive to lead hardware efforts: Business Insider

(Reuters) - Facebook Inc on Wednesday named one of its veteran executives Andrew Bosworth to lead all of its consumer hardware efforts, including its Building 8 division, the...

Reuters Business
Google memo writer hires Republican Party official as lawyer

(Reuters) - The engineer fired from Google for writing a memo critical of the company's diversity hiring policies has hired a lawyer who is a member of the Republ...

Reuters Business
FTC clears Amazon.com acquisition of Whole Foods

WASHINGTON (Reuters) - The U.S. Federal Trade Commission said on Wednesday it has cleared Amazon.com Inc's planned $13.7 billion acquisition of Whole Foods Market...

Reuters Business
HP Inc's quarterly profit beats on higher PC sales

(Reuters) - HP Inc , which houses the hardware business of former Hewlett-Packard Co, reported a slightly higher-than-expected quarterly profit as it sold more personal comput...

Reuters Business
Wall Street falls as Trump threatens government shutdown

NEW YORK (Reuters) - U.S. stocks closed lower on Wednesday as investors grappled with a threat from President Donald Trump to shut down the government if Congress fails to fun...

Reuters Business
Toll's average price to fall as millennials buy cheaper homes

(Reuters) - Toll Brothers Inc's falling average selling price (ASP) signals a new normal for luxury homebuilders in the United States as they sell more, but lowe...

Reuters Business
Galaxy Note8: with new phone, Samsung is 'moving on' from the Note7

As Samsung launches its new consumer-focused Galaxy Note 8 in New York on Wednesday, the company will be in conversation with Australian aviation about updating any remaining...

The Age Business
Wall Street falls after Trump shutdown threat

NEW YORK (Reuters) - U.S. stocks closed lower on Wednesday as investors grappled with a threat from President Donald Trump to shut down the government if funds are not secured...

Reuters Business
Wall Street declines on Trump's government shutdown warning

NEW YORK (Reuters) - U.S. stocks remained lower on Wednesday as investors mulled President Donald Trump's threat to shut down the government if funds are not secu...

Reuters Business
U.S. new home sales hit seven-month low as prices soar

WASHINGTON (Reuters) - New U.S. single-family home sales unexpectedly fell in July, dropping to their lowest in seven months amid a surge in prices, raising concerns of a slow...

Reuters Business
American Express to pay $96 million over discriminatory card terms

WASHINGTON (Reuters) - American Express will end up paying $96 million to credit card customers in Puerto Rico and other U.S. territories for charging higher interest rates a...

Reuters Business
Wall Street lower on Trump's threat of government shutdown

(Reuters) - U.S. stocks were lower in early afternoon trading on Wednesday after President Donald Trump warned of a government shutdown to secure funds to build the Mexico bor...

Reuters Business
American Express to pay $96 million to consumers over discriminatory card terms

WASHINGTON (Reuters) - American Express will pay $96 million to consumers in Puerto Rico and other U.S. territories over discriminatory terms in its credit card agreements, a...

Reuters Business
Mexico, Canada dismiss Trump threats to scrap NAFTA trade pact

MEXICO CITY/OTTAWA (Reuters) - Mexico and Canada on Wednesday dismissed U.S. President Donald Trump's threat to scrap NAFTA, describing it as a negotiating tactic...

Reuters Business
Toshiba prioritizes talks with Western Digital on chip business sale: sources

TOKYO (Reuters) - Japan's Toshiba Corp is prioritizing negotiations with Western Digital to sell its memory chip business after talks stalled with a previously pr...

Reuters Business
Wall Street drops on Trump's threats of government shutdown

(Reuters) - U.S. stocks were lower late on Wednesday morning after President Donald Trump's warning of a government shutdown to secure funds to build the Mexico b...

Reuters Business
Whole Foods shareholders approve sale to Amazon

LOS ANGELES (Reuters) - Whole Foods Market Inc on Wednesday said shareholders in the natural and organic grocery chain cleared the way for its proposed $13.7 billion sale to A...

Reuters Business
Wall Street drops on Trump's threats of government shutdown, NAFTA end

(Reuters) - U.S. stocks opened sharply lower on Wednesday, giving back some gains from a day earlier, after President Donald Trump warned of a government shutdown to build the...

Reuters Business
U.S. new home sales fall to seven-month low

WASHINGTON (Reuters) - New U.S. single-family home sales unexpectedly fell in July, dropping to their lowest level in seven months, which could raise concerns of a slowdown in...

Reuters Business
Israel's El Al counts on new Boeing 787s to lure back customers

BEN GURION AIRPORT, Israel (Reuters) - El Al Israel Airlines took delivery of its first Boeing 787 Dreamliner aircraft on Wednesday in a $1.25 billion investment aimed at re...

Reuters Business
Wall Street opens lower as Trump comments worry investors

(Reuters) - U.S. stocks were lower at the open on Wednesday after President Donald Trump warned of a government shutdown to build a Mexico border wall and threatened to termin...

Reuters Business
Cheap oil undercuts U.S. rail, bus service: study

DETROIT (Reuters) - Cheap gasoline is squeezing U.S. bus companies and the Amtrak passenger rail system that bet more consumers would embrace alternatives to driving for trips...

Reuters Business
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