Today's News & Views

 

What we know about the Australian claiming he invented Bitcoin

Australian Craig Steven Wright, who claims to have created Bitcoin.

Travis Andrews 3:42 AM   For years, journalists and hackers have been hunting for the mysterious Satoshi Nakamoto. Now a 45-year-old Australian computer scientist has revealed he 'Satoshi is dead'.

Wall St higher on banks, Amazon.com

FILE - This Monday, Aug. 24, 2015, file photo, shows the New York Stock Exchange. Asian stocks fell Friday, April 22, ...

Joseph Ciolli 3:39 AM   US stocks advanced to begin May, with the S&P; 500 recovering from its biggest weekly retreat since February, as banks rebounded.

Morrison to raise billions through tax crackdown

Treasurer Scott Morrison during question time on Monday.

James Massola, Mark Kenny 12:05 AM   Treasurer Scott Morrison will unveil a suite of multinational tax avoidance measures, including a diverted profits tax - also known as a "Google tax" - designed to raise billions of dollars over four years and head off claims he is only cutting taxes for business and the wealthy.

The ghost of Abbott adds billions to Turnbull's first budget

The budget will be propped up by about $13 billion of "zombie measures" from Tony Abbott's time as prime minister.

Peter Martin 11:29 PM   The first Turnbull budget will be propped up by around $13 billion of so-called "zombie measures", which are still on the books from the first and second Abbott budgets but not yet passed by the Senate.

CBA showed need for royal commission

Commbank

Mark Bishop 10:10 PM   Comment: The terrible stories from victims and echoes to other scandals leave only one course.

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Lion's Byron boutique buy makes a half-dozen

Kirin-owned drinks and dairy group Lion now has six craft brewing operations in its portfolio but the volumes are still ...

Simon Evans 9:58 PM   Japanese-owned Lion will have six stand-alone craft breweries after it buys Byron Bay Brewing Company.

Super fund members pay more for less disability insurance

APRA deputy chairwoman Helen Rowell has told a Productivity Commission superannuation review she is concerned about the ...

Sally Rose 9:36 PM   Workers are getting slugged with higher insurance premiums via their superannuation fees, prompting the regulator and other industry experts to question if they are getting value for money.

Carping on: A bit of brouhaha before the budget

michael koziol dinkus Dinkus

Michael Koziol 9:10 PM   As we are only too well aware, nothing animates Barnaby Joyce more than the prospect of seeking vengeance against an animal.

Budget 2016: ACT's budget eve appeal for the public service

ACT Chief Minister Andrew Barr.

Alexandra Back 7:31 PM   The chief minister and Canberra's business community have launched a last ditch defence of the public service and national institutions on the eve of Scott Morrison's first budget.

Hunt for yield poses high risk for investors

"Whenever somebody is chasing higher yield, often what they should do is substitute yield for risk and see if that's ...

Ruth Liew 7:26 PM   Investors' endless thirst for income could land them in hot water as they flock to riskier assets such as equities to boost returns.

Banks give Slater & Gordon debt lifeline

Slater & Gordon has reached an agreement with its lenders.

Jonathan Shapiro and Sarah Danckert 6:56 PM   Embattled ASX listed law-firm Slater & Gordon has reached an agreement with its bankers, avoiding a messy bankruptcy.

Budget 2016: What we know so far

Man in the hot seat: Treasurer Scott Morrison will deliver the budget on Tuesday night.

Peter Martin 6:54 PM   The full details of the 2016 budget will be released by Scott Morrison on Tuesday night at 7.30pm, but there is plenty that we know already.

It's all about fairness, nothing else matters

Prime Minister Malcolm Turnbull and Treasurer Scott Morrison during question time on Monday.

Mark Kenny 6:53 PM   For all its enormous complexities and competing demands, Scott Morrison's first, and potentially only, federal budget will sink or swim on one question alone. And it's a question that has little to do with the dismal science nor even with the reams of graphs, tables, and explanations accompanying the economic blueprint.

Aussie outs himself as Bitcoin mastermind

Craig Wright was confirmed as Bitcoin founder on Monday.

6:52 PM   Tech entrepreneur Craig Wright ends years of speculation about the origins of the controversial digital currency Bitcoin.

Vodafone launches build-your-own plans

Vodafone chief marketing officer Loo Fun Chee hopes to attract customers with build-your-own plans.

Max Mason 6:41 PM   Vodafone aims to intensify battle for mobile prepaid customers with new plans.

Westpac bad debt rise spooks the market

Westpac first-half profit narrowly missed estimates as charges for soured loans soared to the highest in six years. ...

Clancy Yeates 12:15 AM   Bank chief insists he is still backing the resilience of Australian consumers.

CBD

Morgan strikes gold with Haoma

CBD

Colin Kruger, CBD 6:26 PM   Haoma Mining, the gold hopeful heavily backed by pollster Gary Morgan, was a big bolter on Monday.

The best way to avert a downgrade is to have a plan

Canberra's budget pressures have heightened speculation of a ratings downgrade.

Vesna Poljak 6:16 PM   The federal budget on Tuesday puts the AAA sovereign credit rating back in focus and it is all about leadership, says the former boss of the Future Fund.

7-Eleven 'used us as slaves'

The court found Harmandeep Singh Sarkaria, who owns and operates the Blacktown 7-Eleven fuel outlet, underpaid two ...

Sarah Danckert 6:10 PM   A worker whose pay claim has been held up has lashed his treatment.

Michelle Guthrie's call to action in first staff email

Michelle Guthrie, who will replace Mark Scott as managing director of ABC in May.

Matthew Knott 5:59 PM   In her first official day on the job, Michelle Guthrie has used an email to outline a new commitment.

Sell in May and go away?

Six out of the last eleven years have experienced a sell-off in shares during May.

Jessica Sier 5:57 PM   "Sell in May" has some historical data to back it up, but this year the monthly performance is likely to be determined by events in the first week.

Tabcorp wagering growth tepid despite online boost

Tabcorp says it boosted its group revenue 1.9 per cent to $1.65 billion for the financial year to date.

Perry Williams 5:52 PM   Gaming giant Tabcorp stemmed the loss of online market share to its overseas rivals in the third quarter yet sluggish overall revenue growth in its wagering unit disappointed investors.

Telstra hands back $1.5b to investors

Telstra chief executive Andy Penn is committed to investing in Asia.

Max Mason 5:50 PM   Telstra will persist with its Asia growth strategy despite its failed attempt to set up in the Philippines and the $2.1 billion sale of the majority of its stake in Chinese online car retailer Autohome.

Include South Yarra station in Metro Rail plans, urges opposition

Treasurer Scott Morrison has said $857 million will be allocated in Tuesday's federal budget for the Melbourne Metro ...

Benjamin Preiss, Adam Carey 5:48 PM   Victoria will receive $857 million in Commonwealth funding for the Melbourne Metro Rail tunnel but the state government says it is not new money and accused the Turnbull government of breaking a key funding promise.

Gas man to test skills as head of AWE

AWE's new chief executive officer David Biggs is not banking on an oil price recovery yet.

Angela Macdonald-Smith 5:25 PM   David Biggs' gas marketing credentials are expected to come to the fore as he takes up the reins at mid-cap energy player AWE in the midst of the extended slump in oil prices.

Ferrovial likely to honour Broadspectrum's existing detention contracts

Broadspectrum chairman Diane Smith-Gander. The company's plans to extend its Nauru and Manus Island contracts are in ...

Jenny Wiggins 5:23 PM   Ferrovial is expected to see out Broadspectrum's existing contracts to managing detention centres on Papua New Guinea's Manus Island and Nauru.

Customers pay for Westpac's big bad loans

Elizabeth Knight.

Elizabeth Knight 12:00 AM   Corporate loans are failing but they're not the ones paying the price.

SecureDrop makes leaking to Fairfax Media safe from prying eyes

Metadata laws deter people from communicating with journalists

Michael Bachelard 12:15 AM   Australian journalists make a promise to their confidential sources to protect their identity "in all circumstances" – it's part of the code of ethics.

Yen surges - but there's little Japan can do

Bank of Japan governor Haruhiko Kuroda. Decision to do nothing has driven yen up another 4.5 per cent.

Mark Mulligan 5:16 PM   The Bank of Japan's decision last week to defer further monetary easing has added fuel to the yen's race up against the greenback, and the same could happen to the Aussie on Tuesday.

Lawyers to rally over legal aid shortfall

George Brandis

Jane Lee 5:11 PM   The principle that everyone is equal before the law is "not a priority" for the government, a senior barrister has declared, after Attorney-General George Brandis all but confirmed the budget would not add funding needed to quell the legal aid crisis.