Business

Market movers

AGL’s Torrens Island power station in South Australia.

Updated

AGL to close SA gas power plant in 2026 as renewables accelerate

AGL will close South Australia’s Torrens Island B gas-fired power plant in 2026 as fossil fuels face pressure from wind and solar undercutting their viability.

by Nick Toscano

Wall Street has edged lower heading into Thanksgiving.

Updated

The wrap: ASX closes in the green despite afternoon drop-off

2 hours ago
by Billie Eder

ING has been hit with an enforceable undertaking by Austrac.

Updated

ING slapped with anti-money laundering undertaking after investigation

by Clancy Yeates

ASIC has recently been taking action to protect investors from harms posed by crypto-asset offerings.

Watchdog takes legal action against Aussie crypto platform Block Earner

by Simone Fox Koob

Medibank chief executive, David Koczkar, told investors last week that some of the information released by the hackers was incorrect.

Medibank’s main customers not affected in hacker data leaks

by Colin Kruger

Currency

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Companies

Emirates A380s are back in the air, and many flights ex-Australia into Europe are already full.

Aviation

‘Tsunami’ of bookings: Emirates sees global travel surge once China reopens

The world’s largest long-haul airline is predicting a boom in global travel on a scale beyond anything seen for many years once China fully reopens to overseas flights.

2 hours ago
by Monica Raymunt

Opinion

Executive shake-up

Behind Fortescue’s executive revolving door

In the cult of Andrew Forrest not all disciples who sign on can operate under this messianic leader or within its governance structure.

by Elizabeth Knight

Harvey Norman executive chairman Gerry Harvey.

Retail

‘Sales are very strong’: Harvey Norman optimistic on consumer spending

by Emma Koehn

Qantas’s biggest employee group has voted to take industrial action if their pay offer is not improved.

Aviation

Flight attendants vote to strike one day after Qantas’ $150m profit upgrade

by Amelia McGuire

Not even its core business, Amazon has made $US31 billion in advertising revenue last year.

Film

Amazon plans to invest $1.5 billion a year in movies for cinemas

by Lucas Shaw

Markets

Updated

World markets

The wrap: ASX closes in the green despite afternoon drop-off

2 hours ago
by Billie Eder

Opinion

Cryptocurrencies

The crypto industry’s house of cards is tumbling down fast

by Matthew Lynn

Updated

World markets

ASX closes higher after a strong day for Qantas and miners

by Billie Eder

The economy

Fed chair Jerome Powell: The blistering series of hikes by the US central bank has led to a dollar surge that’s created great strain in financial markets.

Opinion

Interest rates

What is next for interest rates? It just got more complicated

by Stephen Bartholomeusz

Opinion

Australian economy

Why milk-and-honey economics should be taken with a grain of salt

by Danielle Wood

Opinion

Interest rates

I intend to have a YOLO Christmas before we fall over a fiscal cliff

by Jessica Irvine

Opinion & Perspectives

Behind Fortescue’s executive revolving door

In the cult of Andrew Forrest not all disciples who sign on can operate under this messianic leader or within its governance structure.

Elizabeth Knight

Business columnist

What is next for interest rates? It just got more complicated

The US Fed has just sent a mixed message about the outlook for interest rates and it will have implications for the RBA and central banks around the world.

Stephen Bartholomeusz

Senior business columnist

The crypto industry’s house of cards is tumbling down fast

One of the biggest questions of the FTX debacle is why were so many of the biggest names in business, politics and the media so willing to go along with the whole charade?