Woolworths has won its bid against the United Workers Union, with the Fair Work Commission finding the union has been unfairly negotiating with the supermarket giant.
Commonwealth Bank pauses introduction of $3 fee for cash withdrawal
The bank says it will be a six month process to speak to affected customers but are indicating they will proceed with the changes.
Photo shows Commonwealth Bank backs down: A Commonwealth Bank shopfront on a street with the bank's logo in focus.Has Video Duration: 3 minutes 20 seconds.Commonwealth Bank pauses plans to charge customers $3 fee to withdraw cash
Australia's biggest bank has paused its plans to charge customers a $3 fee to withdraw their own money at bank branches around the country, a day after it was announced.
Photo shows A Commonwealth Bank branch in Melbourne's CBDAussie dollar hits four-month low, ASX falls as economic growth disappoints — as it happened
Australian stocks have ended lower and the local currency has fallen sharply after third-quarter GDP came in lower than expected. Here's how the day's trade unfolded on the markets blog.
Photo shows A man watches the information screens at the ASX'The ruling is wrong, and we're going to appeal': Tesla reacts after US judge again rejects Elon Musk's $86 billion pay package
A judge has ruled that Elon Musk still is not entitled to receive a $86.6 billion compensation package even though shareholders of the electric vehicle company had voted to reinstate it earlier this year.
Photo shows Elon Musk wears a serious expression.Commonwealth Bank urged to rethink 'terrible decision' to charge cash withdrawal fee
Some Commonwealth Bank customers who withdraw cash at branches or post offices will soon be charged $3 for the privilege, after the bank announced it was migrating a legacy everyday account to a newer offering.
Photo shows The exterior of a Commonwealth Bank branchm including the brand's logos.ASX 200 closes on new record high, settling just below 8,500 points — as it happened
The ASX 200 closed at an all-time high as Woolworths flagged a financial hit from strikes and Metcash shares surged. Catch up on the day's events and insights as they unfolded on our live business blog.
Photo shows A stock market board shows prices going upStrong retail sales could keep interest rates higher for longer, ASX hits fresh record — as it happened
The ASX 200 edges higher, managing a new record. Better-than-expected retail sales figures dampen rate cut talk. Here's how the day's trade unfolded, with insights from our business reporters, on the ABC News markets blog.
Photo shows A crowd of people inside a shopping centre carrying shopping bags.Virgin-Qatar deal cleared for take-off, Cbus faces Senate grilling, ASX ends the week higher — as it happened
Despite finishing lower for the day, the ASX has ended the week higher, while the ACCC has given interim clearance to an alliance between Virgin Australia and Qatar Airways.
Photo shows Stock image of a Virgin planeWebjet sued by ACCC, ASX hits new record close, Star suffers 'first strike' — as it happened
The ASX closes at its highest level ever, Star Entertainment executives suffer a "first strike" at annual general meeting, and the ACCC takes Webjet to court over alleged misleading advertising.
Photo shows The Webjet homepage, showing a search for flights from Sydney to MelbourneASX rises as inflation rate stays steady, RBNZ cuts interest rates — as it happened
Australia's annual inflation rate remained steady in October at a more than three-year low as electricity and fuel prices fell. The local share market rose after a rally on Wall Street. Follow how the day's trade unfolded on the markets blog.
Photo shows A blurred photo of the share trading boards at the Australian stock exchangeASX in the red, Aussie dollar drops on Trump tariff threat — as it happened
Local stocks reversed and the Australian dollar fell near a seven-month low as the incoming US president pledged a 25 per cent tariff on all products from Mexico and Canada. Here's how the trading day unfolded on the ABC News live markets blog.
Photo shows An electronic display shows data at the Australian Stock Exchange in Sydney, Friday, September 23, 2011ASX gained 0.3 per cent to a new record close despite falls among the banks and miners — as it happened
Despite fading at the close, the ASX 200 still gained 0.3 per cent for its second record close in as many sessions. Look back at the day's events.
Photo shows Giant screen on the wall of the ASX, with large green numbers, showing the price of shares which have risen.The Aldi effect: How the supermarket chain is catching up with the 'big two'
Woolworths and Coles are emphasising the threat of Aldi — is it really a competitive force to be reckoned with? A supermarket inquiry will determine just that, among other competition concerns.
Photo shows The front of an Aldi supermarket is seen from inside a shopping trolleyASX 200 and Bitcoin price climb to fresh records, WiseTech Global shares slump — as it happened
Local shares have ended the week on a positive note, while Bitcoin continued to close in on $US100,000. Coles executives were grilled on supplier deals and WiseTech shares fell after its annual meeting. Look back on how it unfolded on the markets blog.
Photo shows A stock market board shows prices going upMineral Resources fronts angry investors after tax scandal, ASX closes lower after Bitcoin hits record high — as it happened
The ASX closed lower on Thursday after Bitcoin set a new record high. Shares in Mineral Resources also sank as the company faced investor revolt after a tax scandal. Coles is facing the ACCC's supermarket inquiry as hundreds of Woolworths warehouse workers went on strike.
Photo shows A portrait of Mineral Resources managing director Chris EllisonHousing affordability deteriorates further, ASX retreats from record high — as it happened
The typical household faces spending half their income to service a new home loan, according to research from ANZ and CoreLogic, while the Australian share market ended lower.
Photo shows A bird's eye view of unit blocks and apartments with the ocean in the background on a sunny day.Harvey Norman and Latitude Financial to fight court ruling they misled customers
Harvey Norman and Latitude Financial announce plans to appeal against a court ruling they misled customers in TV, radio and newspapers advertisements run between January 2020 and August 2021.
Photo shows Harvey Norman Bondi JunctionWoolworths refuses to answer ACCC's questions on bargaining power, Tesla rallies, ASX hits another intra-day record high — as it happened
Woolworths faced scrutiny at the ACCC's inquiry regarding its treatment of fruit and vegetable suppliers. Meanwhile, the ASX reached another intra-day record high. Catch up on the day's events and insights from ABC News' markets blog.
Photo shows WoolworthsASX bounces back, ACCC grills Woolworths and ASIC sues NAB — as it happened
The ASX 200 bounced back after an early stumble, while NAB was sued by ASIC and the ACCC grilled Woolworths' bosses. Look back at the day's events.
Photo shows shows green Woolworths illuminated sign at the entrance to the storeASX closes higher, while another economist pushes back rate cut expectations to May — as it happened
The Australian share market closed higher on Friday. Corporate regulator warns of further action against the $4 trillion superannuation industry. Catch up on the day's events as they happened on the ABC News markets blog.
Photo shows Two women look at a share price board outside the ASX in Sydney.