Latest Business News, Financial & ASX Markets News

Creditor hopes crash land

MATT O'SULLIVAN | The collapse of Air Australia, which left thousands stranded, is set to result in creditors losing tens of millions of dollars.

Secrecy rules the roost in poultry shed

BEN BUTLER | Grisly incidents at a chicken factory raise concerns about the poultry processing industry and what regulators are doing about it.

Euro leaders upbeat as Greek swap begins

7:59am | Europe hopeful of a Greek rescue package deal early next week despite high tensions after Greece adopted painful austerity measures.

Slow down, suck it up, banks told

TIM COLEBATCH | The APRA has warned the banks against trying to meet 'unrealistic' profit expectations.

Cellar fella uncorks plans for vintage returns

COLIN KRUGER | David Dearie is the man to reap the harvest from Fosters.

More sellers than buyers among execs

CHRISTOPHER WEBB | Resources execs led a stampede of stock selling this week, many of them pocketing million dollar returns.

Pacific Brands solicits believers

IAN MCILWRAITH | Pacific Brands' week-early release of its results contained a message of faith for markets - its decision to continue paying a dividend .

'Time to end bank bashing', says bank boss

ERIC JOHNSTON | ANZ chief Mike Smith fires back at Canberra, saying ' politics isn't helping' the Australian economy.

| Conundrum in group interest margin

Reporting season halfway mark shows positivity Westfield result shows malls strip streets Food-based strategy central to Charter Hall success Empire State to go public Pacific Brands takes hit Profit jumps, but Santos still falls short Billabong ignores TPG offer Investors belt Sims New race for storage space Treasury raises toast to the thirst of China Arrests in Olympus scandal point to widening inquiry Wider say on World Bank boss More Business News and Views

ASX 200 4195.9 14.0 0.3%

Dow Jones 12949.9 45.8 0.4%

Nasdaq 2951.8 -8.1 -0.3%

Hang Seng 21491.6 214.3 1.0%

NZ 50 3289.0 2.6 0.1%

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Business News Wire

6:57AM Minority BP partner to pay $90m for spill

4:26PM Patties pins hopes on "parma" pie

1:44PM Santos' Crown gas could feed LNG projects

11:05AM ANZ CEO hits back at politicians

10:50AM TWE wine sales lower, but earnings up

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US stocks rise on Greece progress

10:51am | US stocks advanced, sending the Standard & Poorâ€™s 500 Index near the highest level in about three years, amid optimism Greece will get a bailout.

| Wall St week ahead Stocks may strain to hold highs

Oil higher on Greek optimism Gold falls as haven demand ebbs Euro stocks rise on upbeat Greek outlook Australian business calendar: February 20-24 ASX Shares cap third straight losing week Dollar climbs on Greek hopes More Markets

Good cop, bad cop as brokers hunt

Insider Coles chief appears to give his rivals a back-handed compliment.

Insider Twist in Ludowici takeover tale Insider Ludowici admits to secret admirer Insider Pondering the meanings of 'no' Slow earnings growth in the aisles Week ahead Banks, jobs grab spotlight Insider Mark Zuckerberg, the $100b man

10:03am | Italian police said seized about $US6 trillion worth of fake US Treasury bonds and other securities in Switzerland, and arrested eight Italians accused of international fraud and other financial crimes.