ABC News : Business (72)

Wall St snaps its 'record high' streak, ASX set to open flat

Wall St, gold, iron ore and the Aussie dollar traded lower overnight — but the Australian share market is still expected to open flat.

'We're bigger than them anyway': Resilient Ravensthorpe brushes off mine closure

While the loss of a small town's biggest employer may be enough to bring some communities to their knees, it is just another kink in the road for the residents of Ravensthorpe, in WA's south-east.

Fossil beer the latest innovation in booming craft brewing industry

With a crowded craft beer market leaving many to innovate, one SA brewer is filtering his product through fossil-rich shale more than 500 million years old.

Indonesia and Australia push to seal 'win, win' trade deal as deadline looms

Indonesia is pushing for Australia to open its doors to Indonesian workers as the two countries edge closer to securing a bilateral trade deal by the end of the year, with Jakarta's chief negotiator saying more political will is needed to overcome barriers.

Budding astronauts encouraged to dream big in Adelaide

With interest in space surging ahead of the International Astronautical Congress, NASA is spruiking its message to young scientists and students in Adelaide.

Elton John kicks off regional tour with Mackay show

Almost six months to the day since Tropical Cyclone Debbie hit north Queensland, the region is poised for the arrival of another force of nature — British superstar Elton John.

Australians see future in solar batteries, poll finds

As the debate rages over how to bring rein in rising energy prices, and ensure a reliable power grid, a snapshot of 2,000 households shows the majority of people see solar batteries as the key to cheaper and more reliable energy.

All systems go for SA space businesses

As SA looks to develop its space industries, Premier Jay Weatherill urges the Prime Minister to announce the creation of an Australian space agency ahead of next week's international convention in Adelaide.

RBA optimistic despite weak wages, growing debt and rising rates

The Reserve Bank governor is optimistic Australia's economy is on the path to a new post-mining growth phase, despite the challenges of weak wages growth, rising debt, and looming interest rate increases.

Inland rail consultation process a complete farce, locals say

Farmers in southern Queensland say the decision to build the Melbourne-to-Brisbane route through a floodplain could be "catastrophic" and the consultation process lacked transparency.

Fed details stimulus wind-down, Wall St ends mixed

Australian shares are expected to edge higher — following the Federal Reserve's decision to keep US interest rates on hold and begin "quantitative tightening".

CBA sells CommInsure Life for $3.8b, considers $4b Colonial sell-off

The Commonwealth Bank agrees to the $3.8 billion sale of its life insurance businesses in Australia and New Zealand to Hong Kong-based AIA and considers a $4 billion sale of its funds management business.

Pumped hydro could store 1,000 times more renewable energy than Australia will ever need

There are 22,000 suitable locations for pumped hydro sites across Australia and if storage was built at a tiny fraction of them, we could be 100 per cent powered by renewable energy within 20 years, researchers say.

'I've got no more house, I still owe money': Global investment scam robbing Australians of millions

The Government is urged to follow Belgium and Israel in banning a highly speculative "binary options trading" scheme hijacked by international fraudsters to steal millions of dollars from Australians.

CBA sells troubled CommInsure Life business for $3.8b

The Commonwealth Bank agrees to the $3.8 billion sale of its life insurance businesses in Australia and New Zealand to AIA.

Robo-recruiters and Snaplications could be the key to securing your next job

Want a job in the future? Prepare yourself for Snapchat applications, computer game-style cognitive assessments, and video applications before you even get the chance to talk to a human.

Pumped hydro could help Australia store 1,000 times more renewable energy than we'll ever need

Australia has the capacity to store up to thousand times more renewable energy than it could ever conceivably need, according to an analysis by researchers at the Australian National University .

Global investment scam robbing Australians of millions

The Government is urged to follow Belgium and Israel in banning a highly speculative "binary options trading" scheme hijacked by international fraudsters to steal millions of dollars from Australians.

ANZ joins NAB in predicting the RBA will raise interest rates twice next year

ANZ argues with economic growth and inflation on the rise, the RBA can't afford to keep real interest rates in negative territory.

Tabcorp bid for Tatts hits a hurdle as ACCC has a win in court

Tabcorp's high stakes gamble to avoid ACCC scrutiny comes unstuck as the Federal Court says it needs another look at the $11bn merger with Tatts.

Interest rates: ANZ joins NAB in predicting the RBA will raise twice next year

ANZ argues with economic growth and inflation on the rise, the RBA can't afford to keep real interest rates in negative territory.

No widespread contamination from Adani's wetlands release, department finds

There is no evidence the release of stormwater from Abbot Point Coal Terminal caused widespread contamination of the nearby Caley Valley Wetlands, Queensland's Environment Department finds.

Mental health patients sent to hostels by hospital 'assaulting guests, abusing staff'

Discharged mental health patients from the Royal Hobart Hospital who have been sent to stay at backpacker hostels have assaulted guests and verbally abused staff, according to a hostel manager.

Greta Scacchi's love affair with Italian cinema

From lead roles in Hollywood to the stages of Paris, Greta Scacchi's acting career has taken her around the world — but Italy holds a specials place in her heart.

How did the Aussie dollar get to 80 US cents — and can it stay there?

The Australian dollar seems stuck around 80 US cents, but its stability appears to rest heavily on the US Federal Reserve's inability to raise interest rates as quickly as it would like.

Whyalla steelworks buyer invests in local renewables

Whyalla steelworks buyer Sanjeev Gupta buys a controlling stake in Adelaide-based energy company Zen Energy, and also takes a swipe at the high cost of power in Australia.

Will there be issues with the $10 note rollout?

The new $10 note is being rolled out from today, featuring a number of improved security features designed to protect the note against counterfeiting. But will they work in vending machines?

Gold Coast Mayor happy to talk to ABC on all but one subject

Gold Coast Mayor Tom Tate says he is happy to talk to the ABC, but barred journalists from a media conference because he plans to sue the broadcaster over a Four Corners report.

Abbott could cross floor over clean energy target

Former prime minister Tony Abbott intensifies the pressure on Malcolm Turnbull over a clean energy target, saying "it would be unconscionable for a Government that was promising to abolish the carbon tax … to go further down this renewable path".

Making lithium-ion batteries 'not that hard', says QUT professor

The Queensland University of Technology develops a facility to produce Australia's first lithium-ion batteries, similar to those used to power Tesla cars, and wants share the knowledge.

Iron ore prices hit by faltering demand amid Chinese property slowdown

Iron ore prices are being hit by tightening credit in China as well as a crackdown on air pollution in key steel making cities.

Maggots, algae and blow-up pools could help fix 'sheer madness' of aquaculture

The much-hyped growth of aquaculture has brought with it a host of problems, but a pool of innovative solutions could still help to feed the world.

Trump's 'rocket man' spray doesn't blow up Wall St

Investors shrug off President Trump's latest threats to North Korea while keenly awaiting the US Federal Reserve's clues about its next move.

Hazelwood Power Station nominated for heritage protection

Latrobe City Council criticises the push to consider the historical value of the Hazelwood Power Station after it was nominated for protection.

BHP considering Minerals Council exit over lobby group's climate policies

Activist investors are putting BHP's already testy relationship with the big industry lobbyist under more pressure over climate change policies.

The numbers show why Brisbane Airport needs to grow quickly

Passenger numbers continue to rise rapidly at Brisbane's airport thanks to airlines expanding into Asia and investing in bigger and better aircraft.

Anti-Adani protesters arrested near Abbot Point

Police arrest 10 protesters they say were blockading a road to the Abbot Point Coal terminal near Bowen, but are happy overall with the peaceful nature of the protest.

Australia's pokies king reflects on 70 years in the business

Len Ainsworth has two personal fortunes, a few enemies, and a reputation as the icon of one of the most controversial legal industries in the world. It all began with a chance encounter back in the 1950s, when he made dental supplies.

Elderly woman loses more than $500k in property scam

An 83-year-old woman is robbed of more than half a million dollars after scammers pretend to be her settlement agent and convince her son to transfer cash into a bogus account.

CBS wins battle for Ten's future, trumping Murdoch and Gordon bid

US media giant CBS — home of global hits CSI and Big Bang Theory — emerges from a one-hour creditors' meeting as the victorious bidder for the struggling Ten Network, ending the hopes of Australian media moguls Lachlan Murdoch and Bruce Gordon.

There's light at the end of the tunnel for WA jobseekers

WA's stagnant post-mining boom jobs market gives way to growth amid renewed confidence in resources, as adverts pick up and companies in the IT and mining sectors report a surge in business.

Financials boost Wall St ahead of Fed meeting, ASX to open higher

The Australian share market is expected to edge slightly higher, following solid leads from Wall Street and European markets.

Why WA workers should feel hopeful about the jobs market

WA's stagnant post-mining boom jobs market gives way to growth amid renewed confidence in resources, as advertisements pick up and services companies in the IT and mining sectors report a surge in business.

Unredacted report reveals 'significant concerns' with Gold Coast shipping terminal design

An unredacted report reveals concerns cruise ships using the Gold Coast's proposed $450 million oceanside terminal could be pushed to shore by strong winds and waves.

'Your house is under surveillance': Dodgy ATO scam caught on tape

It's so bad it's almost laughable — the latest scam targeting Australian taxpayers has been caught on tape. Have a listen here.

Labor demands Cash face inquiry for possible breach of ministerial standards

Employment Minister Michaelia Cash faces mounting pressure over Nigel Hadgkiss' Fair Work Act breach as Labor demands an independent inquiry into whether she tried to keep allegations against the former head of the construction watchdog quiet from Cabinet.

How do we work, Sydney?

Just over half of the population in Sydney is in paid work, but the way we work has changed significantly in the past 20 years.

Lady Mary Fairfax dies aged 95

Members of one of Australia's great media dynasties gather at the Sydney harbourfront estate of Lady Mary Fairfax, who died peacefully on Sunday night aged 95.

Bruce Gordon loses bid to scuttle sale of Ten Network to CBS

Australian media mogul Bruce Gordon fails in his last-ditch attempt to torpedo Channel Ten's takeover by US media giant CBS, with the NSW Supreme Court ruling a creditors' meeting can go ahead tomorrow.

Australian super makes insurance opt-in for under-25s

Australian Super is the first major fund to make insurance an opt-in choice for young people, responding to concerns that premiums are eroding their small account balances.