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Latest news: Finance

Rinehart children's closing court bid for mining riches

Rinehart children's closing court bid for mining riches

A court battle over iron ore riches has resumed, with billionaire Gina Rinehart's eldest children attending a hearing as their lawyer wraps up their case.

Westpac posts $7b profit, launches $1.5b share buyback

Westpac posts $7b profit, launches $1.5b share buyback

Westpac posts $7b profit, launches $1.5b share buyback

Westpac posts $7b profit, launches $1.5b share buyback

Westpac has posted a 26 per cent rise in net profit of $7.2 billion for 2022/23 and released a climate report which will affect lending to farmers.

Court ruling delays Santos' Barossa gas pipe dream

Court ruling delays Santos' Barossa gas pipe dream

Court ruling delays Santos' Barossa gas pipe dream

Court ruling delays Santos' Barossa gas pipe dream

Australian gas giant Santos' Barossa project has been stalled again hours before work on the $5 billion pipeline was due to begin.

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Watchdog probes investments following lawyer's death

Watchdog probes investments following lawyer's death

A Victorian law firm has uncovered concerns about mortgage investments made by a partner following his death and reported it to the legal watchdog.

Appliance sales switch off as economy slows JB Hi-Fi

Appliance sales switch off as economy slows JB Hi-Fi

Home appliance and consumer electronics sales fell for JB Hi-Fi and The Good Guys as the companies face a 'tougher retail trading environment'.

Talks begin on looming pay day super changes

Talks begin on looming pay day super changes

A plan to claw back billions of unpaid superannuation to workers could force businesses to pay super into employees' funds on the same day as their salary.

Fierce court battle for Hancock mining riches reignites

Fierce court battle for Hancock mining riches reignites

A court battle over iron ore riches has resumed, as billionaire Gina Rinehart defends her fortune amid a legal dispute over her mining pioneer father's legacy.

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Super fund invests in Tasmanian private forestry

Super fund invests in Tasmanian private forestry

Super fund invests in Tasmanian private forestry

Super fund invests in Tasmanian private forestry

Tasmania's largest private forestry company has been acquired by an Australian superannuation fund and two overseas pension entities.

Comm Bank defends deposit fee hike for businesses

Comm Bank defends deposit fee hike for businesses

Comm Bank defends deposit fee hike for businesses

Comm Bank defends deposit fee hike for businesses

Small businesses will soon be hit with additional charges if they choose to make cash deposits at the Commonwealth Bank.

'No vision': Libs lash first NSW Labor budget in decade

'No vision': Libs lash first NSW Labor budget in decade

'No vision': Libs lash first NSW Labor budget in decade

'No vision': Libs lash first NSW Labor budget in decade

The NSW opposition has delivered a scathing reply to the state budget, as the government faces questions over a missing drug reform summit.

Qantas workers eye compensation after High Court case

Qantas workers eye compensation after High Court case

Qantas workers eye compensation after High Court case

Qantas workers eye compensation after High Court case

Sacked Qantas workers will be aiming for compensation after the High Court found the airline's decision to outsource their jobs was illegal.

Flyer distributer charged with 2400 child work breaches

Flyer distributer charged with 2400 child work breaches

Flyer distributer charged with 2400 child work breaches

Flyer distributer charged with 2400 child work breaches

A Victorian watchdog has charged a major distributer after it allegedly hired more than 400 children under 15 to deliver catalogues and flyers.

Government concedes climate change may impact bonds

Government concedes climate change may impact bonds

Government concedes climate change may impact bonds

Government concedes climate change may impact bonds

The Australian government has agreed to a proposed settlement, conceding climate change may affect the value of its bonds, to end an investor class action.

Company profits raise concerns over living costs

Company profits raise concerns over living costs

Company profits raise concerns over living costs

Company profits raise concerns over living costs

Hefty profits reported this week by a trio of major Australian companies, including Qantas, are feeding into public debate about the rising cost of living.

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Door ajar for pre-2035 closure of coal power station

Energy giant AGL and the Victorian government have inked a deal to leave the door open for a coal-fired power station to close earlier than 2035.

Class action over AMP's misconduct settles for $110m

Financial giant AMP has agreed to pay $110 million to angry shareholders suing over misconduct revealed at the banking royal commission.

Rinehart's row with son: 'throw him under the bus'

Australia's richest person Gina Rinehart has been accused of making threats, intimidation and lying during a bitter family dispute over Lang Hancock's legacy.

Alleged Rinehart plan to boost wealth at kids' expense

Gina Rinehart allegedly tasked the forerunner to PricewaterhouseCoopers with a "special project" to undo her father's legacy at the expense of her children.

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ASX-listed Ansell hit with shareholder class action

Medical gloves and surgical suits maker Ansell has been accused of misleading investors in a class action filed in the Victorian Supreme Court.

Australian stocks sink as Bank of Japan tweaks policy

The local share market has fallen 0.7 per cent as Japan's central bank loosened its attempt to control bond yields, but has gained 1.2 per cent for the week.

NAB staff secure better pay, working from home rights

NAB staff will have specific working from home rights as part of an enterprise agreement to be struck, which includes pay rises totalling 17.5 per cent.

Union takes Commonwealth Bank to Fair Work on WFH rules

The Finance Sector Union is going to the Fair Work Commission over a Commonwealth Bank edict for staff to return to the office instead of working from home.

Premier urges fugitive developer to turn himself in

Political leaders are calling on fugitive Sydney developer Jean Nassif to turn himself into authorities as his property company Toplace goes bust.

Gas project loses tax claim over fly-in fly-out costs

A construction company for a Queensland gas project has argued for claiming more than $13 million in tax deductions for the cost of flying in workers.

NIB secures $1.6m legal win over unpaid Whitecoat debt

Health insurer NIB can recoup $1.6 million in unpaid debts owed by a former partner which helped develop its highly successful Whitecoat healthcare platform.

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