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The Age National Headlines

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Units markets concerned Westpac since 2012

Fri, 09 Dec 2016 03:08:59 GMT

Westpac chairman Lindsay Maxsted says the bank's "antenna went up" over apartments in 2012 and that it is paying close attention to Melbourne and Brisbane.

Macau ATM withdrawal limits impact Crown

Fri, 09 Dec 2016 03:27:45 GMT

Crown Resorts shares have slumped amid reports ATM withdrawal limits are to be tightened in casino hub Macau.

Telstra slugs rural customers, says rival

Fri, 09 Dec 2016 02:38:33 GMT

A report commissioned by Vodafone says Telstra is charging customers in regional areas more than those in metropolitan centres.

Sirtex shares plummet on earnings warning

Fri, 09 Dec 2016 01:49:01 GMT

Shares in Sirtex Medical have fallen by 40 per cent after the medical device developer warned its earnings could fall.

Investors outpacing first home buyers

Fri, 09 Dec 2016 04:37:52 GMT

Home loans to investors are now outpacing loans to owner-occupiers, but interest in new homes is declining, according to economists.

ANZ joins rivals in hiking interest rates

Fri, 09 Dec 2016 02:09:10 GMT

ANZ will join other major lenders in increasing variable rates on investor home loans from next week.

One-quarter of the world's children live in danger zones: UNICEF

Fri, 09 Dec 2016 00:09:15 GMT


Nearly one quarter of the world's children live in countries afflicted by war or disaster, according to new figures from UNICEF.

Westpac chief calls for more govt spending

Thu, 08 Dec 2016 23:59:20 GMT

Westpac chief executive Brian Hartzer says economic growth would be improved by increased government infrastructure spending.

Stocks to watch

Fri, 09 Dec 2016 05:38:47 GMT

Stocks of interest on the Australian share market

International markets roundup

Thu, 08 Dec 2016 20:27:56 GMT

News from the world's major stock markets

Market hits new high as rally continues

Fri, 09 Dec 2016 05:38:21 GMT

A fourth straight day of gains has pushed the share market to its highest level in almost four months.

$A drops ahead of US rates call

Fri, 09 Dec 2016 01:28:13 GMT

The Aussie dollar is weaker after the US dollar was boosted by the European Central Bank's plans to extend its stimulus measures.

Meriton to fight ACCC legal action

Thu, 08 Dec 2016 16:35:41 GMT

Harry Triguboff, the head of property group Meriton, says the competition watchdog is wasting money with its legal action over online reviews.

Man charged for allegedly tasering pregnant woman

Thu, 08 Dec 2016 12:37:51 GMT


A man who allegedly tasered a pregnant woman after breaking into her Adelaide home has been arrested.

VCE bodies branded 'incompetent' after fresh blunder

Fri, 09 Dec 2016 01:57:16 GMT


Agencies guarding sensitive VCE data have been called "incompetent", after schools were sent inaccurate information about students affected by an unprecedented student data leak.

Aust e-commerce needs export focus: Fahour

Thu, 08 Dec 2016 04:48:11 GMT

Australia Post boss Ahmed Fahour says Australia's e-commerce trade focuses too much on the domestic market rather than exports.

Woolies win in ACCC supplier payments case

Thu, 08 Dec 2016 07:47:29 GMT

The Federal Court has dismissed the competition watchdog's allegations that Woolworths engaged in unconscionable conduct with its suppliers.

Government killed emissions scheme despite knowing it could shave $15 billion off electricity bills

Thu, 08 Dec 2016 11:18:48 GMT


The Turnbull government is sitting on advice that an emissions intensity scheme would make electricity bills cheaper.

Trump expected to ease China trade stance

Thu, 08 Dec 2016 04:08:42 GMT

Chinese business leaders say that US president-elect Donald Trump may not try to implement harsh trade measures against China once he actually takes office.

NT Government fails to stop witnesses giving evidence to juvenile detention royal commission

Thu, 08 Dec 2016 06:19:19 GMT


The Royal Commission into juvenile detention rejected a last minute attempt by the Northern Territory government to stop witnesses giving evidence.With the push on to complete the Royal Commission by March 31, staff have been working seven day weeks since September and concerns about difficulties with young witnesses giving evidence have started to impact on the inquiry

'Just atrocious': Schools furious over VCE ATAR leak

Thu, 08 Dec 2016 04:27:30 GMT


Schools furious about a major leak of sensitive VCE data have called the blunder "atrocious" and are demanding that a list of affected students be released.

Recession fears as trade deficit blows out

Thu, 08 Dec 2016 04:06:32 GMT

Falling commodity export volumes and a shock rise in capital good imports in October blew out the trade deficit and increased concerns about a recession.

Ten's Gordon slams fake news, social media

Thu, 08 Dec 2016 05:09:25 GMT

Social media and other online businesses should be held accountable for spreading fake news, according to the chairman of Ten Network.

Bellamy's trade update sparks ASX query

Thu, 08 Dec 2016 01:58:53 GMT

Bellamy's has been quizzed by the ASX over the timing of a shock market update that revealed a downturn in China sales.

Fairfax says no talks on fresh NZ interest

Wed, 07 Dec 2016 23:12:29 GMT

Fairfax says it has been contacted by a third party claiming to represent an unnamed third client interested in the NZ business planning to merge with NZME.

Stocks to watch

Thu, 08 Dec 2016 05:30:08 GMT

Stocks of interest on the Australian share market

Iluka to spend up to $290m in Sierra Leone

Wed, 07 Dec 2016 21:57:52 GMT

Iluka Resources plans to invest hundreds of millions to bolster safety and boost output its new Sierra Leone based acquisition Sierra Rutile.

Debt-laden Santos spinning off assets

Thu, 08 Dec 2016 03:48:00 GMT

Energy giant Santos will focus on five long-life natural gas assets and look to cut debt, spinning off its remaining assets into a standalone business.

International markets roundup

Wed, 07 Dec 2016 20:29:05 GMT

News from the world's major stock markets

VCE 2016: 2075 Year 12 students get ATAR results days early

Wed, 07 Dec 2016 22:29:22 GMT


Some Victorian students have already got their tertiary admission ranks online or been sent them via text message, days before they are due to be released.

Market rally gains pace

Thu, 08 Dec 2016 05:58:24 GMT

The share market has hit its highest point in almost four months after a third straight day of gains.

Aussie dollar rebounds on Chinese data

Thu, 08 Dec 2016 06:36:52 GMT

The Aussie dollar has rebounded due to surprisingly strong Chinese trade figures.

VCE 2016: Year 12 students getting ATAR results days early

Wed, 07 Dec 2016 13:40:14 GMT


Victorian students are reporting that they have already got their tertiary admission ranks online or been sent them via text message days before they are due to be released.

Pizza worker who sent money to fund Syria fight spared further jail

Wed, 07 Dec 2016 06:18:53 GMT


A Melbourne pizza shop worker who sent about $16,000 overseas so a contact could fight in Syria has walked from court with a community corrections order.

Rising demand for pilots and technicians

Wed, 07 Dec 2016 05:30:23 GMT

More than 500,000 new commercial airline pilots and technicians will be needed in the Asia-Pacific region by 2035, according to aircraft maker Boeing.

Fantastic shareholders approve $361m bid

Wed, 07 Dec 2016 03:18:25 GMT

Fantastic Furniture says 99.97 per cent of votes at a scheme meeting were cast in favour of accepting a $361 million takeover by Steinhoff Asia Pacific.

Positive result for Botanix safety test

Wed, 07 Dec 2016 02:07:33 GMT

Skin disease treatment developer Botanix Pharmaceuticals has successfully completed a safety trial of its Permetrex drug delivery formulation.

EnergyAustralia's $1.5bn for renewables

Wed, 07 Dec 2016 07:48:26 GMT

Electricity and gas supplier EnergyAustralia has committed to investing $1.5 billion in wind and solar energy projects across eastern Australia.

Government's 'lack of spine' will increase prices, energy insecurity: adviser

Wed, 07 Dec 2016 07:26:49 GMT


The man who came up with the scheme at the centre of a humiliating backdown by Energy and Environment Minister Josh Frydenberg says its rejection shows the government lacks spine, and will be responsible for higher electricity prices and reduced energy reliability.

Engineering weighs on construction in Nov

Wed, 07 Dec 2016 00:07:14 GMT

A big fall in engineering construction and continued contraction in home building has kept the construction sector in decline in November.

The biggest stories of 2016 – our top writers give their verdict

Wed, 07 Dec 2016 03:00:13 GMT


It's easy to forget how much has happened in 2016.

Banks, miners lead share market higher

Wed, 07 Dec 2016 05:47:11 GMT

The share market has gained almost one per cent on a positive lead from Wall Street and improving confidence in the resources sector.

Delays to cut Alacer Gold's output

Wed, 07 Dec 2016 06:31:35 GMT

Turkey-focused miner Alacer Gold has cut its 2016 output guidance and raised cost guidance for the year after production delays.

TPG jumps on reassuring earnings update

Wed, 07 Dec 2016 06:18:50 GMT

TPG shares have rallied after the telco reiterated its earnings guidance following Vocus Communications' disappointing update last week.

Salvation Army underpaid dozens of sex abuse claims, royal commission told

Wed, 07 Dec 2016 06:45:48 GMT


The Salvation Army underpaid dozens of people who made claims for sexual and physical abuse suffered in childrens' homes, a royal commission has heard.

Iluka revives $375m Sierra Leone takeover

Tue, 06 Dec 2016 22:26:13 GMT

Mineral sands miner Iluka Resources has revived its takeover of Sierra Rutile Limited after its concerns about leakage at SRL's Gangama dam site were resolved.

Stocks to watch

Wed, 07 Dec 2016 05:30:07 GMT

Stocks of interest on the Australian share market

Bunnings CEO John Gillam steps down

Wed, 07 Dec 2016 07:37:35 GMT

After 12 years as Bunnings chief executive and managing director, John Gillham has announced he is stepping down.

International markets roundup

Tue, 06 Dec 2016 20:41:11 GMT

News from the world's major stock markets

Aussie dollar drops as economy stumbles

Wed, 07 Dec 2016 06:24:03 GMT

Investors dumped the Australian dollar following much weaker than expected economic growth data for the September quarter.

Economy in reverse but recovery expected

Wed, 07 Dec 2016 05:09:00 GMT

The economy has slowed dramatically, but economists are forecasting a swift return to growth despite concerns about household and government spending.

Best of the world: December 7, 2016

Tue, 06 Dec 2016 13:26:42 GMT


The Herald's picture editors showcase the best images
from around the globe.

PISA results show further decline in Australia's education rankings

Tue, 06 Dec 2016 10:29:23 GMT


Australian students are up to two school years behind their peers in the world's best performing countries.

Telcos call for end to 'outdated' USO

Tue, 06 Dec 2016 06:19:10 GMT

Telcos want changes to the Telecommunications Universal Service Obligation after the Productivity Commission said it was no longer relevant.

Early childhood educators fight for pay to boost standards

Wed, 07 Dec 2016 05:57:36 GMT


The Federal Government has been accused of under-investing in early childhood education at the same time Australian school children fall two years behind children in other comparable countries. 

Economy likely contracted 0.2% in Sept qtr

Tue, 06 Dec 2016 05:09:23 GMT

Soft public and private capital expenditure and weak export volumes in the September quarter likely slowed economic growth in negative territory.

Euro nod near for OncoSil cancer treatment

Tue, 06 Dec 2016 03:02:07 GMT

OncoSil Medical expects European regulators to approve its treatment for pancreatic cancer early in the new year.

Govt spending falls 0.7% in Sept qtr

Tue, 06 Dec 2016 01:58:16 GMT

The Australian Bureau of Statistics has released the official government finance figures for the September quarter.

Mobile purchases fuel online sales

Tue, 06 Dec 2016 01:06:08 GMT

A significant uplift in shoppers buying goods via their smartphones in the past year has boosted online retailers' sales and helped small businesses grow.

MyRepublic NBN broadband provider angering many new customers

Wed, 07 Dec 2016 02:38:06 GMT


MyRepublic customers say the five to 20 days timeframe to be connected to the new service is "ridiculous" and "a problem".

Current account deficit lowest in 2 years

Tue, 06 Dec 2016 02:57:14 GMT

Australia is earning more from international trade, but imports are growing faster than exports, official figures show.

Vocus OKs submarine cable project

Mon, 05 Dec 2016 23:58:14 GMT

Vocus Communications is moving ahead with plans to build a new submarine cable system that will link Australia to Singapore and Indonesia.

BMW to pay $77m after ASIC credit inquiry

Tue, 06 Dec 2016 06:48:14 GMT

BMW Finance will work to identify as many as 15,000 customers who may have suffered hardship as a result of what ASIC called its "sales-driven culture".

Scouts has more work to do on child safety, says royal commission

Tue, 06 Dec 2016 13:40:13 GMT


Scouts NSW has improved child safety since first appearing before the sex abuse royal commission but there is still more work to be done to protect children and support survivors.

Stocks to watch

Tue, 06 Dec 2016 07:09:11 GMT

Stocks of interest on the Australian share market

Surfstitch board cut down amid rebuild

Mon, 05 Dec 2016 23:27:14 GMT

Surfstitch has appointed Quiksilver Europe founder Harry Hodge to its board and four executive directors have quit as it tries to turn around its fortunes.

Origin to divest some upstream assets

Tue, 06 Dec 2016 03:46:25 GMT

Gas and power retailer Origin Energy will divest its conventional upstream oil and gas business through an IPO on the ASX.

RBA content with weak Sept GDP

Tue, 06 Dec 2016 05:09:34 GMT

The Reserve Bank is expecting a downside surprise for growth forecasts, but seems content with the current financial conditions and the economic outlook.

International markets roundup

Mon, 05 Dec 2016 20:22:11 GMT

News from the world's major stock markets

Aust shares gain as confidence returns

Tue, 06 Dec 2016 06:29:16 GMT

Australian shares have shown a near across-the-board rise in the wake of gains on Wall Street and investors shrugging off fears over Italy's referendum outcome.

Weaker forecast GDP weighs on $A

Tue, 06 Dec 2016 06:37:45 GMT

The Australian dollar is still slightly higher against the greenback despite being pulled back by weaker GDP forecasts.

Royal Commission reveals more than 80 church offenders preyed on Hunter children

Mon, 05 Dec 2016 22:09:05 GMT


More than 80 Catholic and Anglican Church priests and other representatives – including women - are alleged to have committed child sex crimes against Hunter children over decades, newly released data analysis and evidence to the Royal Commission into Institutional Responses to Child Sexual Abuse has revealed.

Former Queanbeyan headmaster allegedly sexually assaulted student in the 1960s

Mon, 05 Dec 2016 13:15:00 GMT


A former Catholic headmaster of a Queanbeyan primary school allegedly sexually assaulted a student in his care in the mid 1960s on "numerous occasions", but died before the case against him was settled last month.

Sydney family flees home after Samsung washing machines catches on fire

Mon, 05 Dec 2016 09:37:26 GMT


Another Samsung washing machine has caught on fire in Sydney, triggering the residents - including three children - to flee.

Environment programs bearing unfair share of budget repair burden, ACF says

Mon, 05 Dec 2016 08:19:52 GMT


Green Army's demobilisation is just the latest retreat since 2013, ACF says.

NAB and Westpac move on mortgage rates

Mon, 05 Dec 2016 05:31:06 GMT

NAB is increasing variable rates on investor home loans by 0.15 percentage points, while Westpac will lift its interest-only mortgage variable rates.

China changes end Murray Goulburn plans

Mon, 05 Dec 2016 03:57:23 GMT

Murray Goulburn and Mead Johnson Nutrition have scrapped an agreement to develop new product supply for Asia, citing regulatory changes in China.

Home prices and clearance rates hold firm

Mon, 05 Dec 2016 03:18:55 GMT

Housing prices have held up, with no change last week and annual growth of 9.2 per cent, while auction clearance rates are high, contrary to normal seasonality.

Women to get equal share of senior state jobs - but not yet

Mon, 05 Dec 2016 07:27:22 GMT


Half the senior roles in Victoria's courts, local governments and public sector would be held by women under ambitious targets set by the state government.

Telstra's names tech expert as new COO

Mon, 05 Dec 2016 01:47:46 GMT

Robyn Denholm, a former chief financial officer and chief operations officer (COO) at global software security firm Juniper Networks, is Telstra's new COO.

Economists still gloomy on GDP after data

Mon, 05 Dec 2016 02:57:45 GMT

Economists are still bracing for a weak or even negative economic growth result on Wednesday after the latest round of economic data.

Complaints about scams on sharing economy platforms have tripled: ACCC

Mon, 05 Dec 2016 02:48:05 GMT


Don't get too excited by a cut-price deal to rent a cool holiday house on Airbnb. Here are ways to avoid the scammers.

Jobs ads jump 1.7% in November: ANZ

Mon, 05 Dec 2016 00:36:19 GMT

The number of job ads jumped in November, building on a solid rise in October, ANZ says.

Adrian Piccoli tells teachers to hold industrial meetings out of school time

Mon, 05 Dec 2016 08:39:08 GMT


All public schools around the state will provide minimal supervision for students when teachers take industrial action on Thursday morning over pay and conditions.

Service sector growth patchy in Nov

Sun, 04 Dec 2016 23:17:36 GMT

Service sector activity picked up in November, but it remains patchy and not not enough to signal a rebound after recent falls, Ai Group says.

Cheung Kong lobs $7.3bn bid for Duet Group

Mon, 05 Dec 2016 03:27:39 GMT

Duet shares have jumped 20 per cent after a $7.3 billion takeover bid from Hong Kong's Cheung Kong Infrastructure.

Stocks to watch

Mon, 05 Dec 2016 06:47:52 GMT

Stocks of interest on the Australian share market

International markets roundup

Sun, 04 Dec 2016 20:47:22 GMT

News from the world's major stock markets

ASX finish lower led by bank sell-off

Mon, 05 Dec 2016 06:27:01 GMT

Australian shares have closed lower amid global investor uncertainty over Europe following the resignation of Italian Prime Minister Matteo Renzi.

A$ gains as greenback pulls back

Mon, 05 Dec 2016 06:28:11 GMT

The Aussie dollar has gained ground against its US counterpart ahead of the RBA's rate decision and third-quarter economic data.

Carers falling through the cracks under NDIS

Sun, 04 Dec 2016 13:15:00 GMT


Cheryl Paradella cares for three family members with disabilities. She was shocked to discover there was limited support for carers under the NDIS with two new reports identifying serious cracks in the scheme.

'I was spat on by a customer': retail abuse on the rise

Sun, 04 Dec 2016 22:55:54 GMT


It was only when a customer spat in his face that Jack Burrows found himself struggling to deliver service with a smile.

Employers are underpaying 2.4m workers superannuation: report

Sun, 04 Dec 2016 19:19:02 GMT


Close to a third of Australian workers are missing out on $3.6 billion a year in superannuation entitlements and many do not even realise they are being underpaid, a new report reveals.

ATARs are 'irrelevant': how life panned out for last year's VCE students

Sun, 04 Dec 2016 13:15:00 GMT


A look of disappointment swept across Andrew Vassett's face as his VCE results flashed up on the computer screen.

Oz share market braces for Italian results

Sun, 04 Dec 2016 01:58:37 GMT

The Australian market will begin the week by reacting to Italy's constitutional referendum and its possible effects on the euro zone.

'Complacency leads to tragedy': Spike in drowning deaths prompts warning from Malcolm Turnbull

Sun, 04 Dec 2016 08:10:14 GMT


An alarming rise in the number of drowning deaths has prompted a warning against complacency from Prime Minister Malcolm Turnbull and a reminder from surf life savers that Australians are not as water-wise as they like to think.

Italian backpacker's near miss with accused tourist killer Pande Veleski

Sun, 04 Dec 2016 00:27:05 GMT


An Italian backpacker has described how she nearly hitched a ride with alleged killer Pande Veleski just hours before he allegedly stabbed a tourist to death at an isolated road stop in the Northern Territory.

Queensland man charged with animal cruelty, arson

Sat, 03 Dec 2016 16:08:15 GMT


A man is due to appear in court over the alleged killing of a cat and arson in Bundaberg.

How a South Yarra dinner party and Harold Holt saved a Jewish boy from Hitler

Sat, 03 Dec 2016 13:15:00 GMT


When Harold Holt, future prime minister of Australia, took his seat at a dinner party in South Yarra one night in July 1938, he had no idea that by the end of the evening he would be conspiring to save a young boy and his parents from Hitler.

Porn, pestering and power trips: readers respond to sexual harassment survey

Mon, 05 Dec 2016 03:57:39 GMT


No workplace is safe. That is the conclusion you have to draw from the hundreds of stories of workers sexual harassment by clients that have deluged Fairfax Media in response to a major investigation published this week