Business
ASX hits reverse in 1.7% opening dive; Heavyweights smashed – The Sydney Morning Herald
The ASX 200 fell by as much as 1.7% on Thursday following a renewed selloff on Wall Street overnight. The local banks, miners and tech stocks were hit hard.
The board must have been rethinking the choice to call those machines “intelligent deposit ATMs”. But it pales into insignificance when compared to Westpac’s 23 million breaches of the same Act.
2. Volkswagen
The German carmaker best known for its Golfs was fined $125 million by the Australian Competition and Consumer Commission (ACCC) for misleading consumers about its diesel emissions.
3. NAB
The Federal Court imposed a $57.7 million penalty this year on NAB after it admitted to misleading…
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