Shares in aged care operator Estia have plunged after listing on the ASX, falling as much as 17 per cent from their $5.75 issue price in a horror market debut.
The outlook for equities is still optimistic, defying worsening conditions in the Australian economy, because the growing band of self-managed super funds has become too great an investor force to ignore.
Fairfax Media business reporter Adele Ferguson has won Australia's highest journalism accolade, the Gold Walkley award.
Logistics group Qube and rail operator Aurizon will proceed with developing a $1 billion intermodal freight terminal at Moorebank in south western Sydney after the Federal government struck a deal with the companies after months of negotiations.
Stagnant wage growth in rich countries is a result of corporate penny-pinching and not competition from cheap Chinese labour, the International Labour Organisation said on Friday.
One of the ABC's journalistic stars, Sarah Ferguson, has taken aim at the public broadcaster's management for prioritising investment in digital media at the expense of television and radio journalism.
Joe Hockey has pointed the finger at ministerial colleagues to explain speculation Malcolm Turnbull could replace him as treasurer.
ACT Chief Minister Katy Gallagher has declared for the Senate and said she will quit as ACT Chief Minister on Wednesday next week.
A year after Tony Abbott pledged to be an "infrastructure prime minister", he risks becoming the first Australian premier to preside over a recession since the early 1990s, in part due to the snail's pace of new building projects.