Men in revolt against Gillard

Men in revolt against Gillard

Exclusive | Julia Gillard’s decision to restart the gender wars has imploded with male voters abandoning Labor, causing a crash in overall support for both the government and the Prime Minister’s personal standing.

Fed focus as markets swing on pullback chatter

Fed focus as markets swing on pullback chatter

Before the Bell | Fed chairman Ben Bernanke gets a fresh chance to set the record straight on when the central bank will pare its bond buying ■ Fed meets for two days ■ RBA minutes Tuesday ■ China business sentiment Friday.

Newcrest whistleblower says he would assist ASIC

The fund manager who blew the whistle on Newcrest Mining briefing analysts ahead of unveiling massive write-downs has offered to assist an investigation into the matter by ASIC.

Federal police passed the buck on BHP bribery claims

Documents released under freedom-of-information laws reveal the AFP initially failed to investigate criminal allegations levelled at mining giant BHP Billiton despite a referral from American authorities.

Macquarie trader sacked, ANZ reclaims bonuses after scandal

A rogue trader has been sacked by Macquarie Bank, and bonuses have been clawed back from two ANZ staff after an investigation into attempts to manipulate financial benchmarks.

Top retailers call for online imports tax

Woolworths, Coles, Bunnings and Harvey Norman are jointly lobbying the federal government to impose the goods and services tax on online purchases. They are also resisting calls to toughen up competition laws.

China invests in corporate Australia

China invests in corporate Australia

Chinese banks are making inroads into Australia as they move to fill the void left by Europe’s retreating banks, which have turned away from the domestic market in the aftermath of the financial crisis.

CSG, joint-venture sales key to gas crisis: Grattan

Freeing up access to NSW coal seam gas resources and ending the joint marketing of gas by production partners are critical measures to avoid supply shortages in the eastern states, the Grattan Institute says.

Rio chief calls for greater tax transparency

Rio Tinto chief executive officer Sam Walsh has told a pre-G8 summit on trade and tax that there needs to be greater transparency from global businesses in their tax affairs.

Education researchers question testing regime’s merits

Leading researchers are questioning the wisdom of putting a testing regime at the heart of education policy nationally when its merits have yet to be proven and it could even be harmful.

Why Wendi Deng will not go quietly

Why Wendi Deng will not go quietly

Two days before shares in his new split empire begin trading on Wednesday, Rupert Murdoch is facing an existential threat to his control of the global media monolith he has built over 60 years.

UBS appointed to find Wanderers buyer

UBS appointed to find Wanderers buyer

Exclusive | Football Federation Australia has accelerated its plan to sell the A-League football club Western Sydney Wanderers by appointing investment bank UBS to find a private buyer for the team.

Turnbull much preferred to lead Coalition

Turnbull much preferred to lead Coalition

The latest AFR/Nielsen poll shows shadow communications minister Malcolm Turnbull’s popularity rating is almost double that of Opposition Leader Tony Abbott.

Markets Summary

Change % Chg
S&P/ASX 200 4791.8 96.0 + 2.04%
Dow Jones 15070.18 - 105.90 - 0.70%
FTSE 100 6308.26 3.63 + 0.06%
SPI 200 JUN3 4759.000 - 26.000 - 0.50%
AUD/USD 0.9553 - 0.0013 - 0.14%

Markets Data »

Price % Chg
CPL COALSPUR $ 0.270 + 17.39%
DML DISCOV MET $ 0.200 + 8.11%
FWD FLEETWOOD $ 3.610 + 8.08%
PMV PREM INV. $ 6.580 + 7.17%
HZN HOR OIL $ 0.390 + 6.85%

Markets Data »

Price % Chg
ASX ASX $ 33.150 - 7.51%
MSB MESOBLAST $ 5.930 - 3.58%
MML MEDUSA $ 1.945 - 2.75%
WHC WHITEHAVEN $ 2.150 - 2.27%
PNA PANAUST $ 2.250 - 2.17%

Markets Data »

Street Talk

Newcrest woes fall short of a capital raise

Newcrest woes fall short of a capital raise

Investment banks angling for a role on an emergency equity raising by embattled gold miner Newcrest Mining might be better off focusing their attention elsewhere.

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Rear Window on Financial Review Sunday

Rear Window columnist Joe Aston with the latest gossip from the world of business. This week, it’s opera, chihuahuas and News Ltd’s Kim Williams.

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National

Secret Toorak sale may have set record

Secret Toorak sale may have set record

A hush-hush home sale in Toorak has set a record for Melbourne’s most expensive property, selling for $25 million, industry sources say.

Opinion

Ben Potter

World’s sharemarkets await Bernanke’s words

Ben Potter

Ben Bernanke cannot have intended the roller-coaster ride that his May 22 testimony set off in global stock, currency and bond markets. So it makes sense that he seek to soothe the furrowed brows of investors this Wednesday.

Jennifer Hewett

Poll has lots of heat, no light for Gillard

Jennifer Hewett

Think of it as spontaneous political combustion. Today’s return to Canberra will only concentrate the fear and loathing roiling the Government. Tony Abbott and his colleagues may as well take a Caribbean holiday while the leadership mess so dominates caucus thinking and Labor’s public image.

ASX raising may point to acquisitions

ASX raising may point to acquisitions

Of all the ways to describe the management style of Australian Securities Exchange chief Elmer Funke Kupper, “conservative” is not one that automatically springs to mind.

World

Mild moderator for change in Tehran

Mild moderator for change in Tehran

The presidential election is a victory for reformers and the middle class but also serves the conservative goals of Iran’s supreme leader; restoring a patina of legitimacy to the theocratic state.

Business

Good doctor Brian McNamee signs off at CSL

Good doctor Brian McNamee signs off at CSL

As he prepares to leave after 23 years, Brian McNamee reflects that a long-held focus on medicine and the patient has been key to CSL’s success.

Markets

Calling the fouls from footy thugs to stocks

Calling the fouls from footy thugs to stocks

David Errington has copped more than his share of flak over some of the calls he’s made at Bank of America-Merrill Lynch. But he says his time as an AFL umpire helps him deal with it.

Lifestyle

Photographers’ Top End paradise

Photographers’ Top End paradise

Acclaimed photojournalist Richard l’Anson leads a tour of enthusiasts into the enchanting Mary River Floodplains.

Adventures in luxury

Adventures in luxury

The southern Philippines island, Siargao, fabled for its remote surf break, now has an exclusive resort to lure visitors

Melbourne chef puts regional fare on the menu

Melbourne chef puts regional fare on the menu

Nicky Riemer is on a mission to serve up the best in food and wine that producers in regional Victoria have to offer.

Anchored putting controversy affects US Open

Anchored putting controversy affects US Open

Golf | Tiger Woods has been calling for a ban on anchored putting for years, and he looks likely to get his way.

Latest TV

Retailers’ GST campaign

Australia’s largest retailers are putting aside personal and competitive differences to lobby both sides of politics in a last-ditch bid to slash the tax-free threshold on imported goods, thwart calls to strengthen competition laws and boost labour productivity.

Smart Money: Enterprising Women – Dinner Ladies

The Dinner Ladies speak with Anne Fulwood for Smart Money | Enterprising Women.  More AFR TV

Miclyn’s boardroom battle

Street Talk has the latest on Miclyn Express Offshore following the sacking of chairman Neil Hamilton.

Andy Irvine on rugby and business

British and Irish Lions manager Andy Irvine think it’s now harder for players to succeed in life after football.  More AFR TV