Australia markets closed
  • IAG forecasts loss for FY21
    Business
    Australian Associated Press

    IAG forecasts loss for FY21

    Insurer IAG is headed for a full-year loss from COVID-19 but company leaders say there is more certainty in the economic outlook.Preliminary earnings issued on Friday showed a full-year net loss of $427 million, largely due to the impact of the virus.

  • ‘There will be some’: NAB CEO says Aussies will lose their houses
    Business
    Yahoo Finance AU

    ‘There will be some’: NAB CEO says Aussies will lose their houses

    By the time these lockdowns are over, some Australians will have had to sell their properties, this big four bank chief believes.

  • Star drops proposal to merge with Crown
    Business
    Australian Associated Press

    Star drops proposal to merge with Crown

    A merger proposal for Crown Resorts has been withdrawn after a royal commission raised the prospect the gaming group could lose the licence for its Melbourne casino.Star Entertainment, which operates The Star casino in Sydney, said it had limited engagement with Crown since it launched the non-binding offer to create a $12 billion tourism and entertainment giant in May.