Anglo American rejects BHP $60b takeover offer, saying it 'significantly undervalues' the mining company — as it happened
The ASX has ended lower on Friday, while Anglo American has rejected BHP's $60 billion takeover bid, saying it "undervalues" the British mining company and its future prospects.
Anglo American chairman says BHP's $60 billion offer is 'opportunistic'
Anglo American has rejected BHP's $60 billion takeover proposal, saying the bid significantly undervalued the London-listed miner and its prospects.
Australians had the biggest income tax increase in the developed world last year but we're not the most-taxed country, finds OECD
Data from the OECD shows Australia recorded the biggest increase to average tax rates in the developed world last year due to bracket creep and the end of a tax offset, but a separate report finds Australia is still a relatively low-taxing nation.
'I have never seen a deal like this': Industry, experts slam secretive NT gas deal
The NT government's decision to ink a major gas contract without an open tender process and refusing to disclose the cost to taxpayers draws criticism from both industry and experts. But the chief minister says "this is the way negotiations happen".
Woolworths fined $1.2 million over 'gross failure' to pay Victorian staff entitlements
A Melbourne magistrate has described a Woolworths payroll error as a systematic and gross failure, but says the company is remorseful.
When these uni students don their graduation gowns, they'll collectively owe more than $750,000 in HECS debt
The country collects more in HECS repayments annually than it does in tax from oil and gas — and experts say changing that could pay down the HECS debt within three years.
Analysis by David Speers
analysis:The government wants a future 'made in Australia'. The productivity commissioner isn't convinced
While Anthony Albanese says we're in a "race for jobs" with other countries offering big government subsidies and can't afford to be "left behind", Productivity Commissioner Danielle Wood isn't sure it's a race we should even be in.
The TGA is cracking down on cosmetic injectable ads. Vapes and Ozempic are partly to blame
The TGA wants to protect vulnerable Australians from cosmetic enhancement advertising. But some warn new guidelines could cause more problems.
Copper smelter workers badly burnt at Mount Isa Mines site
Two men are in critical conditions after suffering significant burns at an outback Queensland mine site when a steam vent opened neto where they were working.
Features
Latest business news
Racial discrimination challenge on cards after ASIC bans retailer's use of credit tool
Retailer Urban Rampage, whose customers are predominantly First Nations people, is considering a legal challenge against its ban from using Centrepay, a credit service that lets consumers buy goods and pay them off via deductions from their Centrelink payments.
Households choosing food over insurance cover despite financial planners warning of big risks
There is mounting evidence that basic forms of insurance are becoming unaffordable for many Australians as the cost-of-living crisis deepens.
Bruce Lehrmann agrees to pay more than $4,000 to journalist Peter FitzSimons to cover costs incurred during defamation trial
Former Liberal staffer Bruce Lehrmann is ordered to pay thousands of dollars to journalist Peter FitzSimons for costs incurred in Mr Lehrmann's failed defamation case.
Construction company fined $115k after worker fell from scaffold onto star picket
A leading Tasmanian construction company is fined after a worker was left with "terrible physical and psychological injuries" when he fell onto a star picket.
Australian-grown juniper berries could prove the perfect ingredient for local gin makers
With most Australian gin distilleries importing juniper berries from Europe, this NSW farmer is on a mission to create a potentially superior, scientifically backed homegrown juniper industry.
Business Analysis
Analysis by Gareth Hutchens
analysis:After decades of rising economic integration, the global economy is fragmenting. What can Australia do about it?
As the world's economy fragments and more countries assert their right to restructure their economies, what path will Australia take?
Analysis by Ian Verrender
analysis:Why our supermarkets and major retailers changed tack on their price-gouging tactics
For years, big retailers have competed at the check-out while tightening the screws on those who stock their shelves and boost their profits. It's a far cry from the price-fixing tactics of Visy and Richard Pratt — but it seems the jig is up.
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Stay up to date with the latest business, markets and economic news and insights as Australia and the world navigate turbulent financial times. Presented by Kirsten Aiken and Alicia Barry.
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With a cost-of-living crisis, inflation and higher interest rates plus global economic headwinds, Rachel Pupazzoni looks at the week in business and finance.
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