![Hockey upbeat on US as Fidelity exits Treasuries](/web/20131009224635im_/http://www.afr.com/rf/image_lowres/2009-2014/AFR/2013/10/09/Photos/9432c16e-3134-11e3-afff-c67fbaa9efd8_Big Joe--318x212.jpg)
Hockey upbeat on US as Fidelity exits Treasuries
Treasurer Joe Hockey is upbeat about a resolution to the deadlock that has shut down the US, urging Australians not to panic, even as Fidelity Investments, one of the world’s largest buyers of US government debt, liquidated its Treasury securities.
BoQ back in the black with $186m profit
![BoQ back in the black with $186m profit](/web/20131009224635im_/http://www.afr.com/rf/image/2009-2014/AFR/2013/10/09/Photos/37ce1758-312e-11e3-afff-c67fbaa9efd8_729233484--180x120.jpg)
Updated | Bank of Queensland has posted an annual profit of $186 million despite soft economic conditions in the state as a significant reduction in bad debt helped it reverse last year’s $17 million loss.
Holden says no to Abbott car export plan
General Motors Holden has rejected as unrealistic an Abbott government demand that it boost exports in return for ongoing taxpayer-funded industry assistance.
New jobs will be top priority in Yellen’s Fed
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Janet Yellen’s first public words after being nominated as the next US Federal Reserve chairman suggest she may finally be able to connect the wonkish central bank with the American public.
Wall St rises on Yellen, debt ceiling hopes
![Wall St rises on Yellen, debt ceiling hopes](/web/20131009224635im_/http://www.afr.com/rf/image_lowres/2009-2014/AFR/2013/10/07/Photos/9909ccea-2faa-11e3-b690-9cc324ec45e6_bell_new_secondary.jpg)
Before the Bell | Shares on Wall Street are now higher on hopes for steady Fed stimulus and a debt ceiling deal ■ Dow up 0.2pc ■ SPI futures down 23 pts ■ $A at US94.46¢.
Don’t return Murdoch as Fox chairman: ISS
Rupert Murdoch should not be re-elected as chairman of 21st Century Fox, recommends advisory group Institutional Shareholder Services, due to issues in the company’s governance.
WorleyParsons steps away from Leighton scandal
WorleyParsons has seized on Leighton Holdings’ bribery allegations to stress the engineering group has “zero tolerance” of corrupt practices amid concerns the scandal could damage its own reputation.
Court hears Rinehart’s trust changes hidden from daughter
The country’s richest person, Gina Rinehart, allegedly “fundamentally” breached her duty as trustee when she altered the family company’s constitution during a multibillion dollar joint venture with Rio Tinto.
Early repeal of carbon price could cost government $2bn
The Coalition government could owe companies billions in refunds for freely allocated permits if it repeals the current Carbon Pricing Scheme before 2015, fresh analysis by RepuTex shows.
Banks rediscover appetite for riskier home loans
Banks have rediscovered their appetite for risky lending, with nearly three-quarters of home loan products on offer now requiring just 5 per cent deposits or less.
Newcrest Mining might raise capital, investors say
![Newcrest Mining might raise capital, investors say](/web/20131009224635im_/http://www.afr.com/rf/image_lowres/2009-2014/AFR/2013/10/09/Photos/de8169b6-312d-11e3-afff-c67fbaa9efd8_street_talk_small (2)--90x60.jpg)
Management and board changes at Newcrest Mining have investors and analysts re-assessing an equity raising to bring the company’s debt levels back to more conservative levels.
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A case for Wall Street to panic
![A case for Wall Street to panic](/web/20131009224635im_/http://www.afr.com/rf/image_lowres/2009-2014/AFR/2013/10/09/Photos/8cce61a0-3123-11e3-afff-c67fbaa9efd8_syd-6c1swvvgg54v1r5snib--90x60.jpg)
Comment | By staying cool, the markets are making a crisis more likely.
Delusions of the true believers
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Editorial | After its stunning election loss in September, the Labor party needs to separated from its union base and dragged back to the centre.
Free speech is Abbott’s first victim
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Mark Latham | The Abbott government’s commitment to a new era of free speech turned out to be as bogus as its taxpayer-funded travel expenses.
Yahoo! Japan abolishes fees in rich list fight
Yahoo! Japan, chaired by Masayoshi Son, Japan’s second richest man, has abolished fees for online stores selling goods on the company’s websites.
Radio faces new waves of in-car change
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Commercial radio has maintained its share of the advertising market, but in-car applications and internet connectivity could prove a threat.
What Funke Kupper wants for his self-managed super fund
![What Funke Kupper wants for his self-managed super fund](/web/20131009224635im_/http://www.afr.com/rf/image_lowres/2009-2014/AFR/2013/10/09/Photos/52d73b62-30b9-11e3-9d74-7ece94f82b7a_Kupper ABCC-9121--90x60.jpg)
Elmer Funke Kupper is just as keen as anyone for the planned review of Australia’s financial system to widen the investment options available to SMSF funds.
Australia tops global rich list, but ‘losing momentum’: Credit Suisse
![Australia tops global rich list, but ‘losing momentum’: Credit Suisse](/web/20131009224635im_/http://www.afr.com/rf/image_lowres/AFR/Blogs/Markets Today/201309/Images/peter_wells--90x60--90x60.jpg)
This is a bit rich. Literally. Credit Suisse have released their Global Wealth Report for 2013, and found Australia has held its spot as one of the wealthiest countries in the world.
Chopper Read dies after battle with cancer
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Crime figure and author Mark “Chopper” Read has died following a battle with liver cancer.
Australian adults better at words than numbers
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Australia’s adult population ranks among the highest in the developed world in literacy but is only average in numeracy according to the OECD’s first ever international survey of adult skills.
Court hears Rinehart’s trust changes hidden from daughter
The country’s richest person, Gina Rinehart, allegedly “fundamentally” breached her duty as trustee when she altered the family company’s constitution during a multibillion dollar joint venture with Rio Tinto.
National
Holden says no to Abbott car export plan
General Motors Holden has rejected as unrealistic an Abbott government demand that it boost exports in return for ongoing taxpayer-funded industry assistance.
- PM backs bigger world role for ‘our friend’ Japan
- Labor leadership contest looks a tight finish
- Palmer talks up Muir ahead of Senate deal
- Australians tired of propping up manufacturing: report
- Early repeal of carbon price scheme could cost government $2bn
- Leighton’s King ‘not of good repute’: report
- ACCC doesn’t plan another review of GrainCorp offer
- Court hears Rinehart’s trust changes hidden from daughter
Opinion
Israeli documentary remarkable for its integrity
![Tony Walker Tony Walker](/web/20131009224635im_/http://www.afr.com/rw/SysConfig/WebPortal/afr/_files/images/columns/tony_walker_small.jpg)
In this year’s Academy Awards Israeli documentary The Gatekeepers was favoured, but in the end it lost out to Searching for Sugar Man made by the Swedish director Malik Bendejelloul.
It’s not just about trade deals but also reforms at home
![It’s not just about trade deals but also reforms at home](/web/20131009224635im_/http://www.afr.com/rf/image_lowres/2009-2014/AFR/2013/10/09/Photos/2b74a4d0-30c1-11e3-9d74-7ece94f82b7a_syd-65m2kvz4md013ofd5is0--90x60.jpg)
The challenge is to drive Australia’s free trade agenda forward. But in addition to locking down trade deals, there are still reforms to be taken at home.
World
New jobs will be top priority in Yellen’s Fed
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Janet Yellen’s first public words after being nominated as the next US Federal Reserve chairman suggest she may finally be able to connect the wonkish central bank with the American public.
- Consensus emerging on debt-limit increase
- Fed’s latest meeting minutes show deepening divide
- HP’s Whitman expects revenue stability in 2014
- Shift to a new climate by mid-century
- The Financial Times to print single global daily edition
- South Korea suspends some US beef imports
- European lawmakers tighten rules on fracking
- China’s Bo Xilai appeals life sentence
Business
Hockey upbeat on US as Fidelity exits Treasuries
Treasurer Joe Hockey is upbeat about a resolution to the deadlock that has shut down the US, urging Australians not to panic, even as Fidelity Investments, one of the world’s largest buyers of US government debt, liquidated its Treasury securities.
- BoQ back in the black with $186m profit
- Don’t return Murdoch as Fox chairman: ISS
- WorleyParsons steps away from Leighton scandal
- PMP to raise $40m via bond issue
- Investors tip $200m into John Sevior’s Airlie
- McAleese delays float after grounding tankers
- ACCC would look at Westpac-Lloyds deal: Sims
- Peter Hay named Newcrest chairman
- Cheese deal is ‘business, not politics’
Technology
Humans to set foot on Mars by 2033: former NASA director
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More than 3.2 million people tuned in to watch the Curiosity rover land on Mars last year, but billions more could see humans set foot on the red planet as early as 2033.
- Silk Road accused to head to NY
- Global hunt kicks off as Woolworths tech chief quits
- Visionstream refutes Tasmania NBN delay claims
- HP’s Whitman expects revenue stability in 2014
- 'Tech stress' builds with proliferation of gadgets
- Samsung launches curved Galaxy Note
- Yahoo! Japan abolishes fees in rich list fight
- Optus, Telstra duel in the cloud may start to slow
- Welcome, Google-rail
Markets
Wall St rises on Yellen, debt ceiling hopes
![Wall St rises on Yellen, debt ceiling hopes](/web/20131009224635im_/http://www.afr.com/rf/image_lowres/2009-2014/AFR/2013/10/07/Photos/9909ccea-2faa-11e3-b690-9cc324ec45e6_bell_new_secondary.jpg)
Before the Bell | Shares on Wall Street are now higher on hopes for steady Fed stimulus and a debt ceiling deal ■ Dow up 0.2pc ■ SPI futures down 23 pts ■ $A at US94.46¢.
- Hockey upbeat on US as Fidelity exits Treasuries
- US impasse keeps $A in tight range
- Fed’s latest meeting minutes show deepening divide
- Dow, S&P; 500 end modestly higher
- European shares poised to set new highs, poll finds
- Arab Spring to cost Middle East $800bn: HSBC estimates
- Investors tip $200m into John Sevior’s Airlie
- Small stocks to get their big break
- Banks rediscover appetite for riskier home loans
Personal finance
The dove has landed: Janet Yellen for the US Fed
The nomination of Janet Yellen to be the first woman to lead the United States Federal Reserve will increase the chances of the Fed prolonging its unprecedented $US3.5 trillion stimulus that has propped up sharemarkets around the world.
- House buyers follow the sun
- National rents prices stagnate
- Academic urges higher super weighting to property
- NAB’s Clyne urges caution on cutting interest rates
- ANZ chief Mike Smith tells RBA to hold off cutting rates
- Construction sector on the mend as new orders rise
- ASX book-build service an ‘evolution’
- Inflation-linked bonds on the menu as investors guard against inflation
- US debt default would dwarf Lehman
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Uniqlo debuts
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Market Outlook | US debt debate weighs on markets
Business confidence is lifting, although Australian investors are still concerned about the US debt standoff. More AFR TV
Barangaroo financial hub in the making
Nearly a decade in the making, the $6 billion Barangaroo development on Sydney’s last parcel of harbourside land is the city’s biggest urban regeneration project since the 2000 Olympics. More AFR TV