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Abbott’s new Senate challenge
Tony Abbott must wait almost a year and then deal with a cumbersome new Senate before implementing his key promises, including scrapping the carbon and mining taxes, after Labor refused to budge despite Saturday’s election loss.
Business plea to politicians – no double dissolution
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Top business leaders have welcomed the change to a more business-friendly government, but they have called for politicians to avoid a double-dissolution election at all costs, and for an end to the politicking of the past three years.
Global equities subdued in Syria’s shadow
![Global equities subdued in Syria’s shadow](/web/20130908221802im_/http://www.afr.com/rf/image_lowres/2009-2014/AFR/2013/09/03/Photos/a3ef13f2-144a-11e3-8b02-f747d6128149_bell_new_secondary.jpg)
Before the Bell | Uncertainty about whether the US will strike Syrian military targets may keep global equities in a narrow range at the trading week’s start ■ Dow Jones down 15 points ■ $A at US92¢ ■ SPI futures up 12 points
Australian dollar could rise in perfect storm
The Coalition victory, more positive Chinese economic data and a diminished case for tapering the United States’s stimulus program have kept the Australian dollar above US90¢ and could push it higher.
Challenger close to deal with Access Capital Advisers
Financial services outfit Challenger is in talks to acquire advisory house Access Capital Advisers in a potential deal aimed at bolstering the financial services group’s exposure to infrastructure.
Howes tipped to take Bob Carr’s Senate seat
![Howes tipped to take Bob Carr’s Senate seat](/web/20130908221802im_/http://www.afr.com/rf/image_lowres/2009-2014/AFR/2013/09/08/Photos/a68af99c-188b-11e3-8aad-c50080163bac_764484284--90x60.jpg)
Exclusive | Australian Workers Union national secretary Paul Howes is tipped to become a Labor Senator, filling a vacancy to be created by the expected resignation of Bob Carr.
Risk of new crisis drives Fed doubts over taper
The data informing the Fed’s decision when to start tapering is being affected by the anticipation of tapering. How can a decision be made?
Competitive bidders lift auction clearance rates
Competitive buyers determined to outbid others on their dream home led to buoyant auction results in Sydney and Melbourne on Saturday, despite fewer homes being put to market.
Aristocrat plays it safe in acquisition game
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Aristocrat Leisure chief executive Jamie Odell has ruled the poker machine maker out of the wave of consolidation sweeping through the United States gaming industry.
Big banks to save millions with derivatives concessions
Australia’s banks will be major beneficiaries after global regulators agreed to water down international derivatives regulations that had threatened to add to their cost of funding.
Alan Young joins Highbury
Veteran banker Alan Young has been hired by Highbury Partnership, a boutique advisory firm founded earlier this year by JPMorgan’s former head of equities, Matt Roberts.
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Australia ranked world’s best place to live
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Australia is the world’s most desirable place to live, according to a survey of nearly 28,000 people living in 11 countries.
Tinkler’s Knights set for strong financial finish
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The financial result for Nathan Tinkler’s Newcastle Knights this season will be the best since the former billionaire became owner.
Lerida Estate ripe for sale
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Lerida Estate, by Lake George near Canberra, is for sale. The popular winery is renowned for its pinot noir and shiraz viognier wines.
Tokyo to host 2020 Olympic Games
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Thousands of Japanese erupted in joy early on Sunday as they learned Tokyo would host the 2020 Olympic Games.
Costly divorce looms as Packers split
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James Packer and wife Erica have separated and will divorce as the billionaire prepares to spend more time pursuing US business interests.
The chef who mastered the fire
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French restaurateur Jacques Reymond has come a long way from his parents’ Burgundy truck stop.
Perth, the home of haute couture
Perth has shrugged off its title as the home of bogans and beachwear, and its growing affluence has brought in fashion-forward consumers and world-famous brands.
Marketing whizz hits web sweet spot
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Diane Costa put her music gig on hold to find success building affordable sites for small companies.
Win a $50,000 African adventure
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Life & Leisure’s The Sophisticated Traveller and The Australian Financial Review are giving you the chance to win a $50,000 African adventure to Kenya.
Professor wants hide-and-seek at Olympics
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Sixty-four-year-old Yasuo Hazaki hopes to encourage ‘sport for all’ by lobbying hard for the game of hide-and-seek to be included in the 2020 Olympic Games.
National
Crean backs Shorten for Labor leadership
Labor elder Simon Crean has backed Bill Shorten to take over the party leadership from Kevin Rudd, who vowed at the weekend he would step down even though he had won his seat.
- Abbott’s new Senate challenge
- Business plea to politicians – no double dissolution
- Micro parties to be deal makers
- Howes tipped to take Bob Carr’s Senate seat
- Telstra’s Thodey calls for ‘quick’ broadband negotiations
- Full agenda for first 100 days
- Selector faces tough choice
- Labor may dump Rudd leader rules
Opinion
Time for Abbott to focus on the long game
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Tony Abbott’s promises to protect manufacturers (Abbott’s five-pillar economy) and preserve Labor’s core industrial relations reforms are not compatible with a world of hard-won and volatile growth.
Goodbye to the spin doctors, hello to a new beginning
![Rowan Dean Rowan Dean](/web/20130908221802im_/http://www.afr.com/rw/SysConfig/WebPortal/afr/_files/images/columns/rowan_dean_small.jpg)
The best ad of the seemingly endless federal election campaign emerged on the last day and was not a slick piece of spin costing the taxpayer squillions, but a witty YouTube clip from a group who perfectly expressed what many of us were feeling.
World
G20 leaders plan to stick with stimulus spending
The leaders of the world’s 20 largest economies say it is too early to ease off government stimulus spending, despite recent positive economic news in the United States and Europe.
- Fewer than expected US workers seek jobs
- Kerry says other nations support US, French stance against Assad
- Shinzo Abe zones in on Japan’s revitalisation
- Data indicates Greece headed towards recovery
- China looks west to strengthen ties
- Export lift points to rebounding China economy
- Mink farmers lack trend data after survey halted
- EU wants 'strong' Syria response but no call for military action
Business
Aristocrat plays it safe in acquisition game
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Aristocrat Leisure chief executive Jamie Odell has ruled the poker machine maker out of the wave of consolidation sweeping through the United States gaming industry.
- Business plea to politicians – no double dissolution
- Seeds of discord in Graincorp takeover
- Coles takes on banks in battle for customers
- Big banks to save millions with derivatives concessions
- Mende’s AMCI battles hefty financial claims
- NZ’s EBOS eyes two more acquisitions in Australia
- Macquarie earns reward from towering performance
- Mining boom not over, says head of Siemens
- Perpetual on deadline to counter IOOF’s bid for Trust Co
Technology
iiNet’s dream run slows as targets dry up and NBN looms
Perth-based internet service provider iiNet has been a dream for early investors after boosting its market capitalisation by over $460 million in the last financial year. But major shareholders are starting to turn their back on the company.
- Telstra mobile growth headed for ceiling
- Yahoo7! turns back on Bing to woo Google
- Vodafone sets out to win back ex-customers
- Internet experts want security revamp after NSA revelations
- The Nokia insider who knows why it failed warns Apple it could be next
- Yahoo! releases first report on government agency data requests
- From MySpace’s ashes, Silicon start-ups rise
- Smartwatch market pushed by Sony and Samsung
- Leaked: NSA cracks encryption tools guarding corporate systems, personal internet use
Markets
Global equities subdued in Syria’s shadow
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Before the Bell | Uncertainty about whether the US will strike Syrian military targets may keep global equities in a narrow range at the trading week’s start ■ Dow Jones down 15 points ■ $A at US92¢ ■ SPI futures up 12 points
- Australian dollar could rise in perfect storm
- Rebound in business confidence expected
- Bernanke’s possible successors in spotlight
- Risk of new crisis drives Fed doubts over taper
- Investment geniuses take note: reforming China is real
- Export lift points to rebounding China economy
- Big banks to save millions with derivatives concessions
- iiNet’s dream run slows as targets dry up and NBN looms
- Archean forge ahead with $3 million IPO
Personal finance
Upbeat house market shares the love with other sectors
Pest inspectors, removalists and agents are getting in on the action as the housing market enjoys its biggest upswing since the global financial crisis.
- Timely journey of discovery
- Why it’s time to get back into Europe
- Value to be found beyond yield plays
- Now’s the time to find a place among commercial property stars
- Wasiliev | Stick to the fundamentals in DIY super investment
- Marketing whizz hits web sweet spot
- ASIC disciplines financial advice firm over poor SMSF advice
- Moody’s cuts sub-debt rating of Australian banks
- Perpetual equities deputy Lanchester to leave
Latest TV
Tony Abbott’s party
Reporter Eddy Meyer was with Prime Minister-elect Tony Abbott on the big night. He brings a full round-up of the celebrations – and commiserations – as Financial Review poliital editor dissects the result.
Joe Hockey says Abbott government to audit Treasury numbers
Financial Review Sunday host Deborah Knight talks to Joe Hockey on election night as Australia’s newest Treasurer prepares to pick up the reins of our economy.
What an Abbott government means for the economy
Business Council of Australia chief executive officer Jennifer Westacott tells what she things the new government needs to do to support business as ANZ chief economist Warren Hogan gives his predictions.
Vocation shapes up for $300m float
Street Talk reveals that former federal education minister John Dawkins will feature in a new, $300 million share market listing – the initial public offering of Vocation.