NXT nixes big business tax cutsThe Turnbull government’s plan to deliver a 25 per cent company tax rate within a decade appears doomed with South Australian senator Nick X
Wagering giants Tabcorp and Tatts Group have revived the likelihood of a merger that would create a $9 billion gambling behemoth, less than a year after initially failing to reach a deal.
Wall Street has ended modestly lower as energy stocks retreated along with oil prices, while Amazon and Netflix weighed on the consumer discretionary sector.
Oil prices have settled lower, weighed by oversupply concerns, with a spike in trade volume driving US prices below US50, but losses were limited amid a projected drop in American shale output.
The price of gold has risen, partly lifted by steady flows into exchange-traded funds (ETFs) and a dip in the US dollar after touching seven-month highs.
The Australian dollar has continued to climb against the US dollar, which traded lower against most of the major currencies in the wake of a softer manufacturing sector report.
The Australian share market has closed lower, led downwards by casinos operator Crown Resorts, which fell 14 per cent after 18 of its employees were detained in China.
Shares in James Packer's casinos operator Crown Resorts have fallen sharply in the wake of China's detention of 18 Crown employees, as investors fear a crackdown on gambling in China.
The Australian share market has slipped lower in early trade as investors try to assess the impact of Federal Reserve comments and stay cautious ahead of key data this week.
Oil prices have fallen slightly as traders balance a stronger US dollar and another increase in the US oil rig count against expectations that more OPEC talk of output cuts will keep crude above $US50 per barrel.
Gold has fallen as the US dollar has risen after US economic data came in within analysts' expectations, cementing assumptions of an interest rate increase by the Federal Reserve by year-end.
Property could turn into ‘worst investment’Property looks set to become the ‘‘worst investment’’ over coming decades because of a looming bust in apartment prices and the
The share market has ended the week with a flat performance, as inflation data from China conflicted with the previous day's disappointing trade numbers from the economic powerhouse.
The Australian share market is barely hanging on to early gains as investors look for positives after a gloomy day in overseas markets following weak Chinese trade data.
US stocks slipped on Thursday led by falls in financial shares and following weak Chinese economic data but a late-day rebound in oil prices limited the day's decline.
Oil prices have settled higher after a US government report showing hefty draws in diesel and petrol offset the first crude inventory build in six weeks.
Nationals at war over mining taxFederal Nationals leader Barnaby Joyce has triggered a war with his West Australian counterpart Brendon Grylls by urging him to dump plans
Spot gold has held modest gains, after minutes from the Federal Reserve's September meeting that showed several voting policymakers judged an interest rate rise would be warranted "relatively soon" if the US economy continued to improve.
Oil prices have settled one per cent lower after OPEC reported its September oil output hit eight-year highs, offsetting optimism over the group's pledge to bring a global crude glut under control.
The S&P 500 and the Dow Jones industrial average indexes ended Wednesday's session with small gains as expectations for timing on a rate hike were largely unchanged after US Federal Reserve minutes and investors waited on earnings reports.
ASIC urges more bank competitionCorporate regulator Greg Medcraft has called for more competition in Australia’s banking system, urging the big four banks to help borrower
