Gifting an experience ‘brings no more happiness than material objects’

Finding an original gift idea can be tough, but a new study assures us a material object will bring the recipient just as much happiness as an "experience gift". [Read entire story]

GrainCorp expects lower grain production

GrainCorp says the lower grain production of the recent harvest will impact its grains business this financial year. [Read entire story]

US House approves tax measure

A massive US tax bill has been passed by the House of Representatives as politicians moved to avoid a government shutdown [Read entire story]

IMF chief Lagarde faces French trial over payout to tycoon

IMF chief Christine Lagarde is ordered to stand trial over her handling of a massive state payout to French tycoon Bernard Tapie when she was finance minister. [Read entire story]

Asciano recommends $9bn Brookfield bid

The Asciano board has confirmed its preference for Brookfield's $9 billion takeover bid because it includes a larger cash component. [Read entire story]

Atlassian stock skyrockets on debut

Homegrown tech success Atlassian has seen a stellar debut on the United States' Nasdaq Stock Market after its stock jumped 32 per cent. [Read entire story]

Rio Tinto slashes capex in tough times

Mining giant Rio Tinto has cut its capital expenditure forecasts for 2016 to around $US5 billion, from less than $US6 billion amid continued volatility. [Read entire story]

Aussies plan to re-gift this Xmas

A survey has found nearly half of Aussies plan on recycling old gifts this Christmas to cut down on their spending. [Read entire story]

Japan avoids recession, 1% quarter growth

Japan has avoided recession with the economy growing a revised 1% in the July to September quarter thanks to higher corporate investment and exports. [Read entire story]

Business mood muted amid strong conditions

Business confidence remains stubbornly subdued despite better trading conditions which suggest the non-mining recovery continues to gain traction. [Read entire story]

Tax ruling could hit Orica profit by $36m

The Federal Court has ruled against explosives supplier Orica in a tax dispute, which is set to reduce the company's profits by $36 million. [Read entire story]

Broadspectrum will react to bid in January

Broadspectrum will take up to 15 days to assess Ferrovial's bidder's statement, which it expects to be sent to shareholders before January 4. [Read entire story]

Santos rejects $7.1b takeover bid

Oil and gas producer Santos has rejected an indicative takeover proposal at $6.88 per share from Scepter Partners. [Read entire story]

US govts won't pursue $92m from Exxon

Ducks and otters that appeared vulnerable to lingering oil from the 1989 Exxon Valdez oil spill have recovered to pre-spill population levels. [Read entire story]

Germany orders recall of 2.4 million VW cars in 2016

Germany orders Volkswagen to recall and refit 2.4 million diesel vehicles in 2016 following the company's admission it rigged emissions tests. [Read entire story]

Defence consulted over Chinese company’s Landbridge 99-year port deal, Chief Minister Adam Giles says

The NT Government says it consulted Defence about "any sensitivities" before signing over the operation of Darwin's main port facility to a Chinese-owned company for 99 years. [Read entire story]

VW confirms scandal affects Aust cars

Volkswagen has confirmed some diesel cars sold in Australia are fitted with emissions-rigging software. [Read entire story]

Resident’s tearful plea to save home from freight link demolition

A mother of four who faces losing her family home to make way for a truck bypass wipes away tears as she tells a Senate inquiry she does not know if she will still have her home at Christmas. [Read entire story]

Furnace delivered to Nyrstar’s Port Pirie smelter

The half-a-billion-dollar redevelopment of the Nyrstar smelter at Port Pirie is ramping up, with the arrival of a new furnace which is expected to dramatically reduce lead emissions. [Read entire story]

Skilled shareholders approve takeover

Approval for the takeover proposal is now required from the Supreme Court of Victoria at a hearing on October 1. [Read entire story]

Aust class action law firm probes VW

Law firm Maurice Blackburn has announced an investigation into a potential consumer law case against Volkswagen amid its global pollution rigging scandal [Read entire story]

Brazilian breast implant maker insists products are safe

A Brazilian manufacturer of breast implants insists its products are safe following the decision of several countries, including Australia, to suspend sales following reports of contamination. [Read entire story]

Be confident about Aust economy: RBA

Australians should feel confident in their economy's ability to cope with shocks, RBA deputy governor Philip Lowe says. [Read entire story]

Starpharma expects quick drug development

Starpharma says its deal with AstraZeneca initially targets an area of cancer that has attracted global attention. [Read entire story]

Seek shares dive as profit disappoints

Seek shares share droped more than 10 per cent to their lowest level since early 2014 after a weaker than expected profit result [Read entire story]

James Packer steps down as Crown chair

James Packer has resigned as Crown Resorts chairman so he can focus on the casino group's global expansion and spend more time in the US. [Read entire story]

RBA concerned by rising household debt

The RBA's deputy governor has hinted further rate cuts are unlikely, saying the bank does not want a spending boom fuelled by debt. [Read entire story]

Telstra buy-back less likely this year

Telstra is set to unveil a relatively flat full year profit and investors shouldn't count on a share buy-back this year. [Read entire story]

Obama says ‘still more to do’ for Ethiopia democracy

US president Barack Obama holds talks with Ethiopian prime minister Hailemariam Desalegn, calling on more political openness in the country. [Read entire story]

'Hipster' McDonald's the key to success?

A "hipster"-styled McDonald's Australia might provide a template for success for the struggling US fast food chain. [Read entire story]

Greek PM promises ‘credible’ reform plans within days

Greek prime minister Alexis Tsipras tells the European parliament he will submit "new concrete, ... credible" reform plans to the eurozone on Thursday as Greece seeks a three-year loan to meet its debt obligations. [Read entire story]

IOOF launches misconduct review

IOOF has hired accounting giant PwC to carry out an independent review amid claims of misconduct at the financial services firm. [Read entire story]

Qantas moves to block publication of memoir that ‘exploits’ company secrets

Qantas is seeking to block the publication of a memoir by employee Lucinda Holdforth, arguing she is exploiting the airline's confidential company information for personal gain. [Read entire story]

Broadcast deal on Vic horse races expires

Tabcorp says interim broadcasting arrangements with the Victorian thoroughbred racing industry have expired and no new agreement has been reached. [Read entire story]