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ASIC seeks penalties against CBA

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Australia's securities regulator says it will seek penalties and other orders against Commonwealth Bank after the Federal Court found the country's top lender had overcharged interest to customers.

ASX closes above 6900, BHP payout delights

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Australia's share market closed above 6900 points for the first time since February last year, and an analyst expects it will rally in the short term as coronavirus vaccines are distributed.

Tech giants win changes to news media code

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Australia's media code will be tweaked to make it clear tech giants are expected to pay news organisations a lump sump rather than for every time an internet user clicks on a link.

NAB cash earnings rise on improved economy

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National Australia Bank enjoyed a 47 per cent increase in cash earnings during its first quarter trading, helped by improving economic and health outcomes in Australia and New Zealand.

Adairs' bumper half means fewer bargains

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Home furnishings group Adairs has had a bumper first half and customers will see fewer discounts as the company tries to maintain sizeable profit margins.

Payroll jobs recover to pre-pandemic level

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Employment has recovered to where it was a year ago, continuing a marked rebound from last year's recession caused by the COVID-19 pandemic.

Sweeter takeover bid for Coca-Cola Amatil

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Coca-Cola's European bottling arm has sweetened its final takeover offer for Australian counterpart Coca-Cola Amatil by 75 cents per share.

AstraZeneca vaccine approved in Australia

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Australia's medical regulator has approved a second coronavirus vaccine, paving the way for millions of jabs to be administered in coming months.

Winter crop expected to enter record books

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Australia's winter crop production is expected to be the second biggest harvest on record, mainly due to better conditions in WA and NSW.

ASX climbs, investors look past lockdown

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Australia's share market regained its ascendancy as miners and banks rose, and several companies received boosts after reporting first-half earnings.

WA drops quarantine for NSW travellers

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Western Australia has removed a requirement for NSW travellers to quarantine upon arrival but Victorians remain locked out for now.

Aged care providers want sector overhauled

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Transforming the aged sector so older Australians receive appropriate support and care is the driving force behind a new industry alliance urging for reform.

JB Hi-Fi meets profit, optimistic for second half

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JB Hi-Fi has posted record interim sales after customers scooped up the retailer's gadget and entertainment offerings during the COVID-19 pandemic.

Pfizer jabs have reached Australia

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Australia's COVID-19 vaccine rollout will begin on February 22 after the first doses of the Pfizer jab arrived in Sydney.

Seven West, Google strike deal on news

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Seven West Media has today become the largest Australian news organisation to strike a content sharing agreement with Google, while also announcing a profit recovery.

ASX ends week lower as Vic enters lockdown

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A week of more confident earnings reporting on the Australian share market has ended on a low note, as Victorians prepare for a five-day coronavirus lockdown.

Inquiry backs world-first news media code

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A multi-party Senate inquiry has backed the federal government's proposed code to force tech giants such as Google and Facebook to pay for news.

Demetriou quits Crown, CEO holding on

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Former AFL chief Andrew Demetriou is the latest to step down from the Crown Resorts board but chief executive Ken Barton has not yet resigned.

Shell speeds up carbon reduction targets

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Oil giant Shell will accelerate near-term and long-term plans aimed at reducing its net carbon emissions intensity to zero by 2050.

ASX closes flat, execs show better outlook

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Australia's share market closed little changed on a day when executives showed more confidence giving earnings guidance as they better understand COVID-19 trading.

Telstra profit down but investors see hope

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Telstra executives continued to assure investors that the decade-long costs of customers migrating to the NBN are almost over, after the carrier's first-half profit slipped by 2.2 per cent.

Crown commits to 'root and branch' reform

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Crown Resorts has promised "root and branch' changes to satisfy NSW regulators threatening to deny it a Sydney gaming licence, ahead of the April expiry of the venue's liquor licence.

AGL posts huge first-half loss, outlook tough

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Energy generator and retailer AGL has reported a massive bottom-line loss and says the outlook for the rest of this financial year looks challenging.

Vaccines bound for Aust after EU approval

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Australia's first shipment of coronavirus vaccines has been formally approved and will arrive in the country within weeks.

Albanese makes major job security promises

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Anthony Albanese has promised to enshrine job security in workplace law under a plan to make the industrial umpire shore up employment.

ASX closes 0.52% up despite CBA earnings

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Australia's share market has closed higher despite the Commonwealth Bank posting first-half earnings that show times remain difficult in the banking sector.

Meeting to consider damning Crown report

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The state government has called an urgent meeting to consider the findings of a damning report in which Crown Resorts is accused of facilitating money laundering at its casinos.

CBA boss has no fear of house price bubble

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Commonwealth Bank chief Matt Comyn is not worried about a housing price bubble forming from low rates, saying buying is different to the previous boom.

Crown starts board changes

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Crown Resorts has announced three changes to its board after yesterday's damning NSW report, with two directors resigning and Perth-based director John Poynton severing his ties with major shareholder James Packer.

Increase JobSeeker to pension rate: ACOSS

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Australia's peak welfare group wants unemployment support payments to be raised in line with the pension, to prevent people from entering poverty.

ASX closes 0.86% lower, all sectors down

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Investors have suffered broad-based losses on the Australian share market ahead of keenly anticipated economic forecasts in Commonwealth Bank's first-half earnings on Wednesday.

Crown 'not suitable' for casino licence

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Casino giant Crown Resorts is not fit to run its $2.2 billion Sydney casino because it facilitated money laundering and has other "deep" problems, a highly anticipated report has found.