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Business

Breaking news business

NBN rollout still not fast enough

Trevor Chappell 4:29pm NBN Co chairman Ziggy Switkowski says the rollout of the national broadband network is still not moving fast enough.

RBA wants $A to stay low to help business

Belinda Merhab 5:25pm An RBA official says it's hard to know where the Australian dollar should be, and when it will start helping business to invest.

Fortescue CEO's pay rises to $3.9m

4:35pm Fortescue Metals CEO Nev Power's annual pay has grown by 31 per cent in the same year the company's profit hit a record $US2.7 billion.

Small business wary on economic prospects

2:33pm A majority of small companies aren't expecting any growth in their business in the next year.

Experts reject Aust housing bubble claims

Belinda Merhab 1:48pm Australia isn't experiencing a housing bubble but restrictive planning laws are creating concerning affordability issues, experts say.

RBA on hold despite house price surge

Jason Cadden 4:03pm The RBA is still reluctant to raise the cash rate despite an improving economy and a surge in house prices.

Consumer confidence slides 1.8%

Consumers' feelings about the state of the economy have yet to fully recover from the federal budget.

10:42am Consumer confidence has slipped to its lowest level since early August despite better employment figures and rising house prices.

Bonds firm ahead of Fed announcement

4:47pm Bond futures prices are slightly higher ahead of a US Federal Reserve announcement that might flag sooner than expected rate hikes.

Eurozone economic growth forecast cut

12:05pm The OECD has cut its growth forecasts for the US and several other economies but says the global economy overall is continuing a moderate recovery.

Stocks to watch at close on Tuesday

5:14pm Stocks of interest on the Australian Securities Exchange at the close on Tuesday

Commodities markets summary

7:21am Commodities news from around the world.

International markets roundup

7:12am News from the world’s major stock markets

$A below 90 US cents after Japan quake

Jason Cadden 5:35pm The Australian dollar is lower after an earthquake in Japan encouraged traders to move out of riskier currencies like the Aussie dollar.

Banks pull share market lower

Trevor Chappell 5:15pm The share market has fallen for a fifth straight session, weighed down by the banks as investors anticipate rising interest rates in the US.

Slice of Paul Ramsay's shares to be sold

A small part of Paul Ramsay's massive stake in his company, Ramsay Health Care, are to be sold to satisfy cash bequests of his estate.

$A fall a positive for businesses

Garry Shilson-Josling, AAP Economist The Aussie dollar has dipped under 90 US cents, and further falls would be positive for the economy and welcomed by the RBA.

Lynas yet to resolve its debt woes

Rare earths miner Lynas has ended talks about an overhaul of a major loan agreement, leaving it with an impending repayment of $US40m.

Wal King to chair Sundance Resources

Former Leighton CEO Wal King has been chose to replace the outgoing chairman of iron ore company Sundance Resources.

Samsung says LG damaged instore goods

Samsung has accused rival LG executives of damaging its washing machines displayed at shopping malls in Berlin ahead of a big trade show.

Profit continues to grow for Macquarie

Petrina Berry Macquarie Group has lifted its forecasts for the current year, with profit expected to exceed the previous year's $1.27 billion.

Elders taps investors for $57m

Trevor Chappell Elders shares have jumped after the agribusiness said it was set to raise $57 million through the issue of new shares, to help cut debt.

Arrium hits up shareholders for $750m

Evan Schwarten Arrium is attempting to raise more than $750 million from shareholders to help reduce the miner's $1.7 billion debt pile.

New asbestos compo plan 'morally bankrupt'

Evan Schwarten Calls for an overall of the way compensation is paid to victims of James Hardie asbestos products have been branded "morally bankrupt".

Aust bonds weaken as $A breaks 90 US cents

The Australian bond market is weaker despite the release of very disappointing Chinese economic data over the weekend.

Leighton emails detail 'misbehaviour'

Leaked emails have allegedly revealed that senior Leighton executives lamented the company's history of "misbehaviour" in its overseas operations.

One in five Australians living pay to pay

Almost one in five Australians never have any money left over from their regular pay packets, according to a NAB survey.

Stocks to watch on Monday

Stocks of interest on the Australian Securities Exchange at close on Monday.

Commodities markets summary

Commodities news from around the world.

Sharp drop for shares

Trevor Chappell Weakness among the big banks and miners has led the Australian share market to its biggest one day fall in five weeks.

$A falls past 90 US cents

Jason Cadden The Australan dollar has fallen below 90 US cent on expectations of a US interest rate hike and weak Chinese industrial production data.

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