The Latest Breaking News from Kate Ainsworth

Mining giant BHP has admitted to underpaying nearly 30,000 employees since 2010, while the ASX has closed higher after the US House of Representatives votes to suspend the debt ceiling.

Billionaire Mike Cannon-Brookes has claimed control of the controversial Sun Cable solar export project in the Northern Territory, while NSW and Victoria enter a "retail recession" according to analysts. Look back on the day's financial news and events as they happened with our blog.

The ASX gains ground as Westpac forecasts the RBA will leave rates unchanged at its meeting next week. Look back on the day's events with our blog.

The Australian share market finishes lower as the dust starts to settle after yesterday's RBA review, with bank shares sliding as the ACCC launches a probe into savings rates. Look back on the day's events with our business reporters on the ABC News markets blog.

Rapid grocery and alcohol delivery company Milkrun has collapsed, making more than 400 employees redundant by the end of the week, while Latitude Financial has rebuffed ransom demands over last month's cyber attack. Look back at the day's business and markets news with our blog.

Rio Tinto has confirmed that employee data stolen in last month's cyber hack has been posted on the dark web by a cybercriminal group. Look back on the day's market and business news with our blog.

The ASX is on track to finish the day's trade with its first weekly gain in seven weeks as stable commodity prices bolster mining stocks. Look back on the day's events as they happened with our blog.

The ASX finished trading lower on Friday, with Afterpay owner Block Inc dropping 18 per cent in the wake of a scathing report by short-seller Hindenburg that alleged the company "misled" investors. Look back at the day's market's and business news as it happened.

The ASX finishes lower at market close, off the back of the US Federal Reserve lifting interest rates for the ninth consecutive time. Look back at the day's events and insights as they happened with our business reporters on the ABC News markets blog.