Business, Finance and Market News

BHP to spend less

4:05pm | BHP Billiton won’t meet its spending target for building mines and expanding assets over the next five years as it sees commodity prices declining.

Miners smashed as Greek crisis sparks sell-off

4:50pm | Australian shares slump to a two-month low, led by the big miners, as investors fear a Greek euro exit.

• |  Dollar falls below 99 US cents

Eurozone breakup 'quite likely': ANZ's Smith

ERIC JOHNSTON 1:14pm | ANZ chief executive Mike Smith says the breakup of the eurozone is 'quite likely' as countries in the region's south battle to become competitive.

Banks' rates policy weighs on confidence

CHRIS ZAPPONE 1:48pm | Confidence rises only slightly, despite the RBA's super-sized rate cut, as consumers fret about Europe.

• |  Wages rise more than expected

Watchdogs 'too slow' to expose Trio fraud

STUART WASHINGTON 3:04pm | The superannuation watchdog's repeated failure to recognise fraud in Trio Capital has been criticised by a parliamentary committee.

Toll shares tumble on profit warning

MATT O'SULLIVAN 10:12am | Investors punish Toll after the company warns earnings will fall this year due to weak retail conditions and a poor performance in its Asian arm.

Sorry Dr Henry, Australia is not a safe haven

GREG MCKENNA 4:47pm | Analysis What people have been calling "safe haven" over the last few years is really just USD weakness.