ASX jumps over EU stimulus talk
The Australian sharemarket extended its recovery rally on Wednesday, hitting the ground running as European Central Bank stimulus talk fuelled investor confidence and ending higher for a seventh straight session. The benchmark S&P/ASX 200 Index rose 60.9 points, or 1.1 per cent to 5385.9, taking its gains since its recent low on October 13 to 5.15 per cent.
How far can the bank rally go?
Banks have been driving the broader market’s recovery rally but many analysts doubt the upcoming earnings season will provide the fuel for further rises in their share prices.
CBA’s Ian Narev says infrastructure key to cooling housing
Commonwealth Bank chief Ian Narev has urged governments to take the pressure of housing prices by using infrastructure projects to increasing the supply of housing stock.
Do we need another rate cut?
The best that can be said of Wednesday’s inflation data is that, if it’s required, it emboldens the ability of the Reserve Bank of Australia governor Glenn Stevens to deliver further interest rate cuts.
Golden answer to investors’ market fears
After hitting its lowest price for 2014 earlier in October, the price of gold has recovered strongly as concerns about global growth send investors to the safe haven yellow metal.
BHP’s little picture looks good
Gone are the days when the minutiae of BHP Billiton’s routine production disclosure was swamped by pages worth of billion-dollar expansion projects.
Coalition opts for ‘real’ RET, exempts heavy polluters
The government wants to negotiate a deal with Labor that would cut the Renewable Energy Target from 41,000 gigawatt hours to 28,000 but leave the small-scale solar panel scheme alone.
King rules as Origin plan takes shape
Chief executive Grant King addressed the AGM for the 14th time, as long as Origin Energy has existed, in a sharp contrast with the shrinking tenure of corporate bosses who often last less than five years at the helm.
Doing up a property? Here’s what to pay
When renovating, avoid over-capitalisation – but know that under-capitalising can be as costly.
Myth of the workplace ‘untouchables’
Opinion | Employees who launch a workplace complaint are not “untouchable”.
Sydney’s Bigcommerce in Alibaba deal
Sydney-based Bigcommerce has partnered with web titan Alibaba to take on Amazon.
Aussie Paws pre-IPO round raises $6.3m
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Aussie Paws’s pre-IPO fund-raising round raised more than $6.3 million, with the company on track for an ASX listing within 12 months.
Yahoo profit exceeds expectations
Yahoo reported a robust third quarter, breaking a long pattern of revenue declines and said its core operations profit exceeded expectations.
Kevin Rudd’s New York job
Former prime minister Kevin Rudd is the inaugural president of a New York-based think tank.
Gough’s parting gift to the ABC
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Rear Window | The death of Gough Whitlam has stayed ABC managing director Mark Scott’s own moment with an unrepresentative firing squad.
Oscar Pistorius gets five years jail
South African athlete Oscar Pistorius has been sentenced to five years in prison over the shooting death of his girlfriend.
Fairfax dominates Walkley Awards
Fairfax Media has dominated the nominations for the Walkley Award for excellence in business journalism.
Follow your start-up dream; don’t quit your job
A pair of tech entrepreneurs have launched a new “digital foundry” for budding entrepreneurs.
Microsoft’s Azure cloud services in Australia
Microsoft has announced it will be offering its Azure cloud service from local data centres in Sydney and Melbourne from next week.
Tinder flirting may open new doors to recruiting
Lucy Kellaway | We are hopeless at hiring. Deep down, we know it’s true, but we have to pretend it isn’t because we spend so much time doing it.
Bitcoin start-up killed by tax ruling
A GST charge of 10 per cent and definition of cryptocurrency as a commodity forces operator to close doors.
Boris makes a Bundall from Goldie investment
Rear Window | Daily Telegraph editor Paul “Boris” Whittaker has a direct line to the Prime Minister. Just ask him. Actually, you won’t need to.
National
Coalition opts for ‘real’ RET, exempts heavy polluters
The government wants to negotiate a deal with Labor that would cut the Renewable Energy Target from 41,000 gigawatt hours to 28,000 but leave the small-scale solar panel scheme alone.
- Political giant unites a house
- CBA’s Ian Narev says infrastructure key to cooling housing
- ABS denies ‘cutting corners’ on jobs figures
- Labor slam Greens over Whitlam legacy
- Perpetual’s Matt Williams says Medibank attractive
- PUP to run candidates in Victoria’s upper house
- RBA issues fresh risk warning to property investors
- Australia like a dog that ate too much: ex ASC boss
Gough Whitlam’s indisputable legacy and razor wit
Mark Latham | As the father of the modern Labor Party, Gough Whitlam’s political legacy is indisputable. But my best memories of Whitlam relate to his prodigious wit. He was a very funny man.
Opinion
Shop talk tops ACCC media probe
The competition watchdog’s latest court action against Coles has reopened wounds with the big end of town.
One pension payment doesn’t make a series
There’s less than two weeks to go before the first batch of do it yourself super funds are due to lodge their 2013-14 annual returns.
Staying faithful to the party line in China
Jennifer Hewett | I am in my hotel room half-listening to CNN when the television screen suddenly goes blank.
World
China property slump pushes GDP to five-year low
China’s growth decelerated in the third quarter to its slowest pace in more than five years, as a pick-up in exports failed to offset the impact of a slowing property market and sluggish manufacturing sector.
- Four banks, including JPMorgan, fined $136m for ‘cartel’ behaviour
- ECB considers corporate bond buys: sources
- 70m customers a day and struggling
- China comfortable with ‘new normal’ of slower growth
- Submarine hunt has echoes of Cold War
- French oil boss Christophe de Margerie dies in Moscow plane crash
- Students to meet Hong Kong government
- Islamic State earns $900m a year from oil sales
- Joko’s first test looms with Indonesia cabinet choices
Yahoo profit exceeds expectations, revenue rises
Yahoo reported robust third-quarter financial performance, breaking a long pattern of revenue declines and said its core operations profit exceeded expectations.
Business
BHP Billiton set to beat iron ore guidance
Updated | Deutsche Bank is tipping BHP Billiton will easily outdo its iron ore guidance this financial year, after the mining giant posted a fresh production record in the September quarter.
- CBA’s Ian Narev says infrastructure key to cooling housing
- Origin Energy flags ‘significant’ profit growth from 2016
- Telstra inks eHealth deal with Medgate
- Woolworths denies plans to sell BIG W
- Super Retail Group’s auto and sports sales rise
- G8 Education ‘knocking on the door of ASX100’
- Cathay Pacific won’t relent on Jetstar HK operations
- AACo shareholder Joe Lewis lifts stake to 26pc
King rules as Origin plan takes shape
Chief executive Grant King addressed the AGM for the 14th time, as long as Origin Energy has existed, in a sharp contrast with the shrinking tenure of corporate bosses who often last less than five years at the helm.
Technology
ACCC backs Telstra’s bid to exclude NBN payments
The competition regulator backed Telstra’s push to exclude payments from its $11.2 billion deal with NBN Co when setting the price of phone and internet services.
- Yahoo profit exceeds expectations, revenue rises
- Sydney’s Bigcommerce takes on Amazon with Alibaba deal
- Future-proofing CBA’s technology
- Microsoft announces local availability of Azure cloud services
- Apple sees strong holiday sales
- OneVentures seeks start-ups for $100m fund
- Follow the start-up dream without quitting the day job
- Spring.me poses big questions as pre-IPO raising kicks off
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Out of this world viewing in your own home
If there has ever been a movie that should never be watched on a TV screen, the Sandra Bullock, George Clooney two-hander Gravity would have to be it.
Markets
ASX jumps over EU stimulus talk
The Australian sharemarket extended its recovery rally on Wednesday, hitting the ground running as European Central Bank stimulus talk fuelled investor confidence and ending higher for a seventh straight session.
- Aussie dollar shrugs off tame inflation
- Sydney stays strong as house price growth slows
- Golden answer to investors’ market fears
- Inflation slowdown leaves room for low rates
- ECB considers corporate bond buys: sources
- ABS denies ‘cutting corners’ on jobs figures
- Estimates put Macquarie Group ahead
- RBA issues fresh risk warning to property investors
- Apple rallies, lifting both S&P; 500 and Nasdaq
Inflation data emboldens RBA for more rate cuts
The best that can be said of Wednesday’s inflation data is that, if it’s required, it emboldens the ability of the Reserve Bank of Australia governor Glenn Stevens to deliver further interest rate cuts.
Personal finance
More people are bequeathing before death
Australia may be on the cusp of the biggest intergenerational wealth transfer in history but a large part of people’s inheritance is likely to come from a “warm” hand rather than a cold one.
- Fashion connections: online start-ups rock the frock
- Get family on board with helping others
- Investors their own big risk in a wild market
- Wardrobe a bit wan? Dial a stylist
- Spot the difference: ethical v mainstream funds
- Be informed and aware if divorce is looming
- Prestige car makers know how to soften the blow
Overhaul in DIY super rules on loans
John Wasiliev | Every so often superannuation requires an overhaul to sort out complications that gathered over time.
Lifestyle
Business and pleasure don’t always mix
The perks of a work trip with colleagues might not prove to be so perky after all.
Class cookery schools in NSW’s central west
The food and wine footprint of NSW’s Central West is not confined to the high-profile nosh spots of Orange and Mudgee.
Leipzig steals Berlin’s cool
Once known as Germany’s ‘poverty capital’, the formerly drab, industrial city has been reborn into a cultural and artistic mecca.
E-bike experience makes living easy for rider
Mountains turn into molehills when riding an electric bike, like the Reptila 1000, made by the Hungarian bicycle maker, Gepida.
Latest TV
House prices calm RBA, property bubble talk
House prices have cooled enough to please the Reserve Bank, and may ease talk of a property bubble.
Top five tips on managing dementia
Glen Campbell's dementia inspired tribute highlights the hard-fought positives possible from the condition.
Twitter's tips for corporate Australia
Twitter's Australian MD has some social media dos and don'ts for tweeting suits.
Nude selfies a cloud-accounting no no
Accounting conference takes rude turn and Nixon's Proactive is reinvented.
