Embattled wealth manager AMP has been hit with a shareholder class action by Shine Lawyers, following revelations uncovered at the banking royal commission.
Australian shares have followed Wall Street and European stocks lower, after US President Donald Trump cancelled talks with North Korean leader Kim Jong-un.
Frank Lowy has urged investors to vote in favour of the takeover of his shopping centre group by Unibail-Rodamco, a deal that ends an era for his family.
ASIC commissioner Cathie Armour says there is much work to be done by financial advisers to earn Australians' trust in the wake of the banking royal commission.
Australian Agricultural Company says it will suspend operations at its Northern Territory abattoir in an effort to stem its losses.
Official construction work done figures, showing a 0.2 per cent rise in the March quarter, driven by a surge in government transport projects.
The Australian market is lower at midday, dragged down by losses in the energy sector following an almost nine per cent fall in Santos shares.
Santos shares have fallen after the oil and gas producer knocked back a $US10.9 billion takeover offer from Harbour Energy.
Optus will pay $1.5 million after the consumer watchdog launched proceedings alleging the telco pressured customers to move to the NBN sooner than required.
The Australian dollar has fallen in overnight trade after US President Donald Trump raised doubts about US-China trade talks and the North Korean summit.
Facebook CEO Mark Zuckerberg has been grilled by European MPs about the Cambridge Analytica scandal but his answers echoed what he had told US lawmakers.
The Australian share market has started the day lower, weighed down by broad-based losses, despite gains made in most offshore markets overnight.
Consumer confidence hit a 15-week high in the past week, driven in particular by upbeat household views around current and future financial conditions.