ABC News : Business (63)

This week in finance: Disappointing results season rolls on as markets ignore local political dysfunction

What is it about years ending seven? Every decade bears make a killing, will 2017 be any different?

If you want high-speed internet, you have to pay more

Disappointed your new much-hyped NBN is a step down? You're not alone and the only way to fix it is to pay much more.

CBA the only bank in AUSTRAC's sights over money-laundering scandal

Financial intelligence agency AUSTRAC says five customers of the Commonwealth Bank allegedly financed terrorism using intelligent deposit machines, and gives Australia's other big banks the "all clear".

A shorter, cheaper trip from west to CBD if M4-M5 link built: EIS

The $7 billion tunnel linking the M4 and M5, if approved, would make a trip from western Sydney to the CBD $13 cheaper and 15 kilometres shorter, according to the environmental impact statement.

ASX slides on White House worries and uninspiring reporting season

Investors are busy dumping risk ahead of the weekend, with the ASX sliding sharply into the red, dropping around $17 billion in value.

Vietnamese farmers in Australia work hard to succeed

Families of Vietnamese heritage show remarkable resilience in building farming and fruit and vegetable businesses in the 40 years since they fled war-torn Vietnam.

Voters should decide if Victoria's fire services are split: Coalition

The Victorian Opposition says the Government should take its plans to split the state's fire services to next year's election, after a parliamentary committee could not agree on the proposal.

Trucking company pulled up by Fair Work for underpaying workers

Farming waste company Downes Rice Hulls is forced to repay 16 short-changed workers $94,000 as the Fair Work Ombudsman continues a campaign to uphold minimum entitlements.

White House instability hits markets hard, ASX set for sharp fall

Rumours of the departure of US President Donald Trump's key economic adviser and the Barcelona terror attack spark a wave of selling overnight.

Five ways to ensure your child has money sense

A Brisbane academic says keeping kids away from financial crisis starts at home, and mums and dads need to lead by example, amid growing concern the tap-and-go society means children have no understanding of money.

Angry tradies chase builder for millions over apartment project

A Melbourne builder is being hunted by angry tradesmen who claim they are owed millions of dollars for work on an apartment complex in which underworld figure Mick Gatto has a financial interest.

Cochlear, Treasury and Whitehaven Coal deliver strong profits, while QBE has emerging problems

Another mixed bag on a bust day of profit results but, overall, the positive surprises outweigh the negatives.

'Go on, Gladys': Protesters heckle Premier over hospital funding

An enraged group of protesters in the western Riverina heckles NSW Premier Gladys Berejiklian, telling her "we are desperate" and demanding a new Griffith Base Hospital.

Unemployment figures in SA improve but remain highest in trend terms

SA continues its crawl out of the quagmire by recording a 0.4 per cent drop in the seasonably adjusted unemployment rate, according to Australian Bureau of Statistics figures, but on trend terms it remains a full percentage point higher than the Australian average

Unemployment eases to 5.6 per cent, but full-time jobs lost

Australia's unemployment rate falls to 5.6 per cent, with the creation of nearly 28,000 jobs in July, although all the extra positions were part-time work.

Millions of renters, unit owners locked out of solar savings

A growing number of Australians can't lower their power bills by accessing solar energy due to red tape and the rise in apartment living and rentals.

Wesfarmers profit surges on coal not Coles, dividend jumps

Wesfarmers, the conglomerate that owns Coles and Bunnings, reports a large increase in profit and boosts its dividend, but it was coal mining driving the result.

Telstra shares slump as profit tumbles, dividend slashed

Telstra shares tumble to five-year lows as it slashes its future dividends and announces plans to sell a part of its upcoming NBN receipts.

Wall St turns down on Donald Trump's business council axing

US stocks came off their highs after the US President Donald Trump surprises markets by axing two business advisory councils.

Test your own financial literacy against teenagers

A new survey of 1,100 students from high schools suggested most were confused about credit cards. Take the same test to see if you know more.

Shelved gas power station plan back on the cards for Queensland

A controversial south-east Queensland gas-fired power station that was abandoned after years of legal battles applies again for the go-ahead, in a bid to meet what the facility's proponents say is the state's growing demand for electricity.

What is the cashless society doing to our kids?

It's a tap-and-go generation, where school tuckshops even accept plastic cards, fuelling financial illiteracy in kids, with some already clueless of the perils of credit card debt.

Tasmania's eye on full renewable energy by 2022

Recommendations from an energy security taskforce, set up in the wake of Tasmania's 2015 power crisis, will be fully implemented within months, with the State Government acknowledging the need for a more "conservative" approach.

End FIFO now, NT Chief Minister asks resources companies

The Northern Territory's Chief Minister pleads with resources companies to end fly-in, fly-out work practices, as the future of the NT's gas industry hangs in the balance.

Want to be an entrepreneur? There's now a school for that

The next Richard Branson or Mark Zuckerberg may just be found at the new Sydney School of Entrepreneurship which aims to keep innovators and their start-ups in Australia.

Dead miner's co-worker tells of finding 'crippled, bent' machine

A colleague of Michael Welsh, killed after a mud rush at a Tasmanian mine in 2014, tells of finding his machine "crippled and bent and covered in mud" in the frantic search.

Two Cape York mines rejected after Government wages legal war with itself

A decision to reject two controversial mining applications on a far north Queensland cattle station owned by the Government is good news for the Great Barrier Reef, the state's Environment Minister says.

Is a bigger pay rise just around the corner?

Workers are still stuck with the lowest level of wages growth in at least two decades, but at least one economist sees signs that Australians are set for bigger pay increases soon.

Palmer accused of being 'less than frank' as liquidators seek to freeze his assets

Liquidators seeking to claw back $70 million in the wake of the 2016 collapse of Queensland Nickel allege there is a "real risk" Mr Palmer may take steps to "deal with his assets" prior to a decision in asset-freezing proceedings.

Protest music flourishes under Donald Trump

How are American artists dealing with the Trump presidency? Composer and broadcaster Julian Day checks the temperature of the arts scene in the US.

Origin plunges to $2.2b loss, while Woodside profit up on stronger oil prices

While Origin and Woodside reported markedly contrasting results, investors were impressed by both, sending shares higher.

The feminist Indian filmmaker taking on Bollywood

Alankrita Shrivastava is a filmmaker fighting to make independent, women-centred films in the male-dominated Indian film industry.

Seven West posts loss, CEO Worner forfeits bonus; Fairfax bounces back

Seven West Media CEO Tim Worner takes a $450,000 pay cut as the company posts a full-year loss of $744 million, while Fairfax Media bounces back to an $84 million profit.

On-demand shuttle buses to move NSW commuters between home and train stations

A private rideshare-style service to move people between their doorstep and the train station will be trialled in Sydney and on the Central Coast, the New South Wales Government announces.

Claremont apartments boom amid housing approval slump

While WA records the worst set of medium-density housing approval figures in the country, apartment growth in Claremont and Cottesloe is the highest in Australia.

IMF warns on China debt risks, Wall St edges higher

The International Monetary Fund warns China's high level of debt could put the brakes on the economy and cause a financial crisis.

Claremont apartment boom amid housing approval slump

While WA records the worst set of medium-density housing approval figures in the country, apartment approvals in Claremont and Cottesloe are the highest in Australia.

Trump hits back after four business leaders quit advisory panel

US President Donald Trump rips into the four business leaders who resigned from his White House jobs panel after his equivocal response to violence by white supremacists in Virginia.

Fact check: Does the data show that income inequality has fallen?

Does the data show that income inequality has fallen as Treasurer Scott Morrison suggests? RMIT ABC Fact Check takes a look.

Telstra's $20bn question: Should it sell its future NBN revenues now?

Should Telstra take its NBN money and run and if it did what would it have left to run?

Solar thermal supporters and locals welcome greenlighting of power plant

The Port Augusta community and its clean energy supporters have welcomed the news that the world's largest solar thermal power station will be built in the region.

Using 'tap and go' will actually help protect you against fraud, police say

With card cloning on the rise in Australia, police are urging people to use the 'tap and go' chip on their bank cards to protect against "ghost" terminals.

Domino's Pizza goes cold as record profit fails to satisfy investors

It appears the French have lost their appetite for Australian pizza, sullying an otherwise strong result from Domino's.

Up to one-in-two Takata 'Alpha' airbags could fail, Choice warns

As many as one-in-two cars with Takata's older 'Alpha' model airbags have a defect that could cause serious injury or death, consumer group Choice warns.

'Money into the pockets of criminals': Police pay campaign costing $300,000 a day

WA Police officers step up their push for a wage rise against the Government as the Treasurer hits back at the financial toll their actions are taking on an already stretched budget.

ANZ profits rise on falling bad debts but 'bubble' pop could bite

ANZ announces an unaudited third-quarter profit of $1.67 billion, but a leading analyst warns the result is vulnerable to any unwinding of the Sydney and Melbourne property bubbles.

China's economy continues to cool as July data disappoints

Tightening credit supply looks to have put the brakes on China's economy after a solid start to the year.

Wall Street: Markets rebound as global tensions ease

The ASX looks likely to rise in the wake of solid buying in the US and Europe, as investors relax about the prospect of a conflict with North Korea.

Solar thermal '100 times' smaller than wind and PV industries

As Port Augusta continues to celebrate yesterday's $650 million solar thermal power plant announcement, at least one researcher is warning it is a relatively new industry that has so far found limited success overseas.

Deal designed to slash power prices in Queensland 'not fair'

Energy retailers will be "screaming blue murder" after they were excluded from a deal designed to slash power prices in Queensland's south-east, an economist says.