Business

Video
ASIC said Macquarie admitted its advertising framework during the promotion was not sufficiently rigorous to identify the risk that customers could misunderstand the offer.
Business
Daniel Newell

$8.8m for 40,000 bank customers over savings rate blunder

Australia’s fifth-largest bank is set to cop a $14m fine and has so far paid out compensation to tens of thousands of account holders after admitting to failures over a savings rate offer.

Updated
Read more (2 min) →

Companies

View all
Video
Wesfarmers and SQM's Mt Holland lithium venture.

Wesfarmers green lights $1.4b WA lithium expansion

Business
1 Min Read
The supermarket giant is hiking the price of a household staple as its suppliers face ongoing fuel-related supply chain and operational cost pressures.

Coles to charge more for item bought by almost every shopper

Companies
1 Min Read
NAB is the latest bank to confirm it is joining the cull, after ANZ revealed it was slashing 3500 jobs and 1000 contractors.

NAB and ANZ job cuts are just the start of killing season

Companies
3 Min Read
Consumers are being urged to shop around for the best grocery deals, though Australia’s third-largest supermarket offers the greatest overall value.

Cheapest supermarket and average shop totals revealed

Australia
2 Min Read

Markets

View all
Video
There has been a brutal sell off in reaction to the scandal.
analysis

Brutal $352b market reaction to Huang’s spy affair scandal

Business
3 Min Read
Video
Scentre Group is the latest major Australian company to reveal its flow-on impact from the David Jones’ collapse.

‘Does not look good’: The $30m David Jones fallout

Business
2 Min Read
Video
A television broadcasts Texas Senate election results on the floor of the New York Stock Exchange on Wednesday.

Stock market’s winners and losers amid blue wave at midterms

Business
3 Min Read
Video
Oil price, war The Nightly

Exports have increased so why has oil jumped in price again?

Business
3 Min Read

Wealth

View all
For savers unwilling to jump through monthly hoops, AMP offers 5.50 per cent on balances up to $50,000 without the usual strings attached.

Banks slug borrowers but savings rates crack a decade high

Wealth
2 Min Read
Video
Australians are promised $1.6 billion in surcharge savings but rewards cardholders with the big four bank face higher rates, fewer perks and weaker insurance. Here’s everything you’re about to lose ...

Big banks gut credit card perks. Here’s what you’ll lose ...

Wealth
3 Min Read
The strong annual result concealed a sudden fall and recovery late in the financial year.

Is your super fund among this year’s best-performers list?

Business
3 Min Read
Video
Housing prices falling in Melbourne and Sydney The Nightly

Australian homeowners brace for pain as prices set to plunge

Australia
6 Min Read

Mining

View all
Regis Resources’ Duketon South operations in Western Australia include the Rosemont underground mine.

Contractor fatally injured at regional WA mine

Australia
1 Min Read
Fortescue foundre Andrew Forrest has pined the blame for the miner's share price partly on US President Donald Trump.

Twiggy pins Fortescue slump on ‘fruitcake’ Trump

Business
2 Min Read
Video
A nugget worth up to $200,000 was almost missed by a prospector who had spent days searching the red dirt in the outback — and feared his spectacular find might be nothing more than 'a painted rock'.

‘Nearly walked past it’: Huge $200k gold nugget discovery

Newsworthy
2 Min Read
Rio Tinto Australia chief executive Kellie Parker.

Rio Tinto exec appointed to fix troubled defence projects

Mining
2 Min Read

Energy

View all
Ryan Stokes at the Beach Energy annual general meeting in Adelaide on Wednesday.

Stokes fires investment warning over PM’s domestic gas plan

Energy
2 Min Read
Video
A video on the Snowy Hydro 2.0 scheme’s website shows the construction work.

Snowy Hydro 2.0 cost could blow out to $25 billion

Energy
4 Min Read
Europe has spent decades shutting down coal-fired plants to combat global warming. Now the ones still left are experiencing an unexpected windfall. 

Dwindling coal fleet in Europe reaps windfall from gas rally

World
2 Min Read
Video
Madeleine King addresses the National Press Club in Canberra.

King vows gas reserve will ‘push down’ energy prices

Politics
4 Min Read