News: Money

Santos has rejected Harbour Energy's $14 billion bid to buy the company

Wednesday  06:30,   23 may 2018

Santos rejected the offer last night and terminated discussions. The Santos board said the offer undervalues the company and is overly complex in its structure[...]

CBA sells Chinese life insurance stake for $668m

Wednesday  06:25,   23 may 2018

CBA will offload its stake in Chinese insurer BoComm Life in a $668 million deal that will further cut its exposure to wealth management. As banks look to sell out of the lower-returning life insurance sector, CBA on Wednesday said it would sell its [...]

Trump comments cause Aussie dollar to plunge

Wednesday  05:46,   23 may 2018

The Australian dollar has fallen in overnight trade after US President Donald Trump raised doubts about US-China trade talks and the North Korean summit.At 0635 AEST on Wednesday, the local currency was worth 75.76 US cents, from 75.88 US cents on[...]

Bitcoin may be down 40% this year but crypto developers are still fetching $1 million bonuses

Wednesday  05:26,   23 may 2018

Bitcoin may be down 40% year-to-date, but crypto developers are making out like bandits. Some firms are offering crypto talent $US1 million dollar signing bonuses, according to a Wall Street Journal[...]

Where petrol was offered for just 99.9 cents per litre

Wednesday  04:56,   23 may 2018

There were chaotic scenes on the Gold Coast as motorists queued to fill up with petrol at Coomera Shell.Traffic was backed up on southbound lanes of the M1 today as Coomera Shell offered their opening day deal, with surrounding stations priced about [...]

Hobart now Australia's most unaffordable city for tenants, new report finds

Wednesday  04:55,   23 may 2018

Hobart pips Sydney as Australia's most unaffordable capital city for tenants with the gap widening between incomes and the amount needed for rent, a new report finds.The biannual study is published by National Shelter Community Sector Banking[...]

Pie Face franchisee 'lost everything' after the business went under and claims Westpac used her $750,000 investment property to pay back the debt even though she only owed half

Wednesday  04:46,   23 may 2018

A Victorian woman who bought a Pie Face franchise with relatives told the Banking Royal Commission a series of unfortunate events led to Westpac taking her investment proceedsMarion Messih bought a Pie Face franchise in Werribee, Victoria with her[...]

Prince Harry is no reckless royal when it comes to money

Wednesday  04:16,   23 may 2018

New biography reveals that newly-wed prince has a down-to-earth attitude toward[...]

EU agrees to start trade talks with Australia, New Zealand

Wednesday  03:30,   23 may 2018


Telstra shares slide to seven-year low on second big outage in a month

Wednesday  03:11,   23 may 2018

<p>Telstra's shares fell as much as 3 percent on Tuesday, hitting a low of A$2.715, the weakest since August 2011. Its shares have lost more than a fifth of their value so far this year.</p>A software fault on Monday caused multiple[...]

James Hardie profit tumbles on mounting asbestos claims

Wednesday  01:31,   23 may 2018

The building materials maker James Hardie says compensation claims from its historical production of asbestos fibre are higher than expected and have dragged down its profits. In its 2018 full year results, the company noted asbestos-related claims[...]

Spreadsheets suggest Degani founder George Pezaros's Greek restaurant ENA underpaid staff

Wednesday  01:06,   23 may 2018

Documents obtained by the ABC appear to show widespread and systemic underpayment of staff at a restaurant owned by one of Australia's most successful food entrepreneurs.&nbsp;ENA Greek restaurant, opened in 2016 by the founder of the Degani [...]

RED is building an 8K 3D camera for its holographic phone

Tuesday  15:33,   22 may 2018

RED is partnering with a company called Lucid on an 8K, 3D prosumer camera that will work with its incoming Hydrogen One smartphone, Lucid announced. The device -- shown above in prototype form at RED's Hydrogen One party -- has two synced 4K[...]

Toys 'R' Us Australia has collapsed into administration

Tuesday  14:07,   22 may 2018

Toys 'R' Us Australia has appointed voluntary administrators, with an uncertain future for 700 staff and 44 stores nationwide. It follows the collapse the franchise in the US and other countries. Toys 'R' Us Australia has gone into[...]

Aussies slammed to the tune of $2.1 million in cryptocurrency scams

Tuesday  13:11,   22 may 2018

While cryptocurrency may be the latest way humans are creating wealth and paying for stuff, it seems this new system is still totally susceptible to one of the oldest means of robbing people – the humble scam.&nbsp;And it turns out the amount[...]