A quarter of Gen Y are estimated to make secret credit card purchases and hide their spending from others, a survey shows.
Caltex's refining margins more than tripled in March as the Lytton refinery benefited from low crude oil prices.

BHP hit with $522m tax bill

Mining giant BHP Billiton is facing a $522 million tax bill including penalties for alleged tax avoidance through its Singapore business.

Ten and Foxtel in talks

Ten is in talks with Foxtel about a potential investment by the pay TV player, but is playing down speculation they are close to a deal.
A market economist says economic growth will get a big boost from a large depreciation in the Australian dollar.

Aussie investors are more cautious

Australian investors care more about saving for their retirement than growing their wealth, a global survey has found.
PanAust has rejected a Chinese company's $1.71-a-share takeover bid for the coppper and gold miner, saying it is too low.

Hills shares dive on profit warning

Shares in technology group Hills have fallen after it downgraded its full year profit guidance because of project delays and weaker government spending.

Bidding war underway for iiNet

M2 Group has entered the race to take over fellow internet provider iiNet, setting itself up against rival TPG Telecom.

VW chairman resigns after dispute

Volkswagen chairman Ferdinand Piech has quit following a rare public clash with other board members.
National Seniors Australia has joined the opposition to a tax on bank deposits.

BHP breaks ranks on iron ore

BHP Billiton raised eyebrows breaking with the full speed growth mantra of the mining giants, announcing a slowdown in its expansion.
CSG explorer Metgasco has successfully challenged the suspension of its drilling licence by the NSW government.
Ford says it will lay off 700 US workers due to slow car sales.
Loss making mining services contractor Macmahon will shed another 40 roles over the next few months as it deals with declining revenues.

Editor's Choice

Our pick of the best content from SBS News & Current Affairs and our content partners.

Making perfume from the rain

Publishing in the journal Nature in 1964, Australian scientists Bear and Thomas proposed a name for the scent brought on by rain. They called it “petrichor,” but they...
April 24 1915 is the date Armenians consider to be the start of what they regard as a genocide by Ottoman Turkish forces. Turkey admits that in a series of events...
The number of migrants losing their lives on perilous boat journeys across the Mediterranean Sea has increased recently, figures from the International...
The Chinese government is working with police to crack down on so-called 'funeral strippers' that are hired by families to attract large crowds.
A team of scientists in China dropped a bombshell earlier this month, and almost nobody noticed.
Native American actors have walked off a film set in the US, citing disrespect and cultural insensitivity.