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Clive Palmer is once again headed for court against his unhappy bedfellow Citic Limited.

Palmer seeking $10 billion in damages

Amy Remeikis and Peter Ker

The legal war between Fairfax MP Clive Palmer and his estranged business partner Citic Limited has gone to another level, with Palmer's company Mineralogy seeking $10 billion in damages from the Chinese giant.

Another strong day of trading in China and an impressive bounce in oil prices on Thursday night helped the ASX end Friday higher.

ASX suffers worst month since GFC

Stephen Cauchi

Another session of hefty losses - with the big banks and Woolies hit hard - meant the local sharemarket posted its worst monthly performance in nearly seven years.

Woolworths' profits are expected to fall more than 10 per cent this year as the retailer cuts prices to win back customers.

Woolies falls amid growing risk of war

Sue Mitchell

As Woolworths' new chairman prepares to take the reins, shares in Australia's largest retailer have fallen 4 per cent amid growing risk of a price war.

Chinese sharemarket plunges and the currency devaluations have spooked local and international investors.

China collapse fears overblown

Rose Powell

Talk of recession in China is sending tremors through the investor community, but a leading economic researcher has identified four areas where fears are excessive.

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In Depth

7-Eleven: wage fraud cover-up

7-Eleven
Adele Ferguson and Sarah Danckert

A massive cover-up of employee exploitation is being run out of 7-Eleven corporate headquarters.

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Retail

7-Eleven stores in strife

Many 7-11 stores would either lose money or barely break even if the correct wages were paid.
Adele Ferguson, Sarah Danckert, Klaus Toft

Internal documents shows the financial plight of hundreds of 7-Eleven stores around Australia

Banking & Finance

Mining & Resources

Cashed-up Doray "vulnerable" to takeover

Allan Kelly said improved conditions in the gold sector meant it was a good time to build the $88 million project, with lower costs and plenty of qualified employees lining up for work.
Tess Ingram

Doray Minerals managing director Allan Kelly has conceded the gold miner is "vulnerable" to a takeover after securing crucial funding to develop its second mine.

World Business

Nasty hangover for brewery stocks

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Michael P. Regan

The short-sellers in the stock market have gone and loaded up on bearish bets against the true heroes of global capitalism: the world's brewers.

China

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Small Business

Are you nuts selling nuts?

Narelle Plapp: raising awareness of nut allergies.
Caroline James

This woman's niece died from a nut allergy and she's livid businesses are erroneously claiming products are nut-free.

Seven biggest start-up myths

Dani Lombard: Small business does not deliver work-life balance.
Caroline James

 New business owners are fed a multitude of lies. Here are some of the most common ones.

Business Video

Building approvals cool, rates moving

While building approvals have come down in the last few months, the RBA and US Fed are pondering interest rate moves. Michael Pascoe comments.

Duration
04:20