Financial Review - Business, Finance and Investment News

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EXCLUSIVE

'Shanghai Sam' and the 'lost' tape

The press conference that almost destroyed Sam Dastyari's career has largely been secret. Until now.

Explosive China tape damns Dastyari

Chanticleer

Australian academic research has quantified the scale of illegal activity financed by Bitcoin users.

Sex, drugs and Bitcoin

By Tony Boyd

About a third of Bitcoin users are using the anonymous digital currency for nefarious activities, but that's trending downwards as the currency has become more regulated.

EXCLUSIVE

The first rate hike from the RBA probably will not be before year-end.

RBA should get ahead of the Fed: McKibbin

RBA should get ahead of the US Fed and raise official interest rates before the pain on debt-heavy household of eventual hikes becomes worse.

Yield curve the marker for recession

The yield curve is flattening, but not flat enough to provoke a recession says Erik Norland, the senior economist at CME Group.

street talk
40 mins ago

Aristocrat Leisure poised to announce $US1b acquisition

Aristocrat Leisure is poised to acquire Big Fish Casino for about $US1 billion, investor sources told Street Talk on Thursday.

Before the Bell
3 mins ago

ASX seen lower ahead of data spill

Australian shares are poised to open down amid fluctuations in New York and ahead of a swath of local data.

Building regulator fails cladding test

Queensland's building regulator is in an office building with non-compliant combustible cladding.

Butchers cheer the 'MasterChef' Christmas

At Victor Churchill Meats in Sydney, Christmas is getting bigger and bigger.

From PwC tax lawyer to NYC photographer

Alina Gozin'a only started shooting photos because it was a good way to make a living while pursuing her other dream of ...

Why IBM scrapped working from home

IBM is among companies taking part in the scheme.

Amazon store ups your sales by 50pc

BigCommerce CEO Brent Bellm says there's no point fighting Amazon.

8:03AM

Aristocrat Leisure poised to announce $US1b acquisition

12:15AM

Offshore giants mobilise deal teams for Suncorp's life unit

12:15AM

Transurban hasn't given up hope of pre-Xmas deal

Mayne CEO loses 7.3m shares in CS margin call

Two Howard staffers in frame for MCA gig

Aurora hasn't yet fully paid for its latest takeover

David Lindberg, chief executive of business banking at Westpac: "We have to be very careful about global debt investors ...

Bank inquiry puts global investment 'at risk'

Westpac's business banking head warns a commission of inquiry could make investors in bank debt nervous.

ACCC warning as Amazon looms

ACCC chairman Rod Sims has warned suppliers and retailers to be careful they don't breach competition laws as they attempt to limit the impact of Amazon's expansion.

Aussie banks the best regulated in the world: S&P;

S&P; says there's a one-in-three chance it will reduce its view on government support for banks, a move that would trigger ratings downgrades.

RCR's CEO share sales rattle investors

RCR Tomlinson CEO Paul Dalgleish says he has been selling stock to pay taxes but investors remain wary.

Neoen's Romain Desrousseaux says renewables have a bright future in Australia.

SA's mega battery may not be economic, but it's exciting

French renewables player Neoen, Tesla's partner for the 100 MW SA mega-battery, says the project has set a new standard for grid storage.

The plunge capped a wild day for the largest cryptocurrency that included a breakneck advance to a high of $US11,434 ...

Bitcoin just plunged 20 per cent in a matter of hours

Bitcoin has plunged as much as 20 per cent hours after a rally past $US11,000 generated a surge in traffic at online exchanges that led to intermittent outages.

"Elevated valuations increase the risk of draw-downs for the simple reason that there is less buffer to absorb shocks," ...

Goldman warns stocks at highest valuations since 1900

A prolonged bull market across stocks, bonds and credit has left a condition that at some point is going to translate into pain for investors, according to Goldman Sachs Group.

Bitcoin surges past $US11,000 mark

Bitcoin surpassed $US11,000 in a matter of hours after hitting $US10,000, taking this year's price surge to almost 12-fold.

Bitcoin should be outlawed, says Nobel winner

As Bitcoin's price grows, so does its list of critics, including Joseph Stiglitz, who says it "doesn't serve any socially useful function".

For Geoff Wilson, the veteran fund manager and chairman of Wilson's Asset Management, everything comes in cycles.

Geoff Wilson gets ready to sell

Wilson Asset Management's chairman says investors around the world have mispriced risk so badly that it's going to be like 2008 all over again.

Rules of sexual engagement at work

By Jennifer Hewett

Boards find it hard to define the precise rules of engagement when it comes to sex in the workplace.

Are BHP and coal unions back at ground zero?

By Matthew Stevens

It looks as if the coal unions and BHP Billiton are back where they started more than 29 months ago when they set out to replace the industrial agreements.

Lessons from SAP software bungle

By Tony Boyd

Investing would be so much easier if the auditors of publicly listed companies were able to reveal to shareholders the failings of management.

Aurora's missing $1m raises serious questions

By Jonathan Shapiro

Aurora Funds Management has appeared to make a mockery of the governance infrastructure that has been put in place to protect the interests of investors in managed funds.

Turnbull tries to head off bank probe

The Turnbull government is pulling out all stops to try to head off a backbench-led commission of inquiry into the banks.

Sam Dastyari delivered a deliberate and detailed defence of the Chinese government's aggressive land grab in the South ...

Explosive China tape damns Dastyari

Sam Dastyari delivered a detailed defence of the Chinese government's land grab in the South China Sea, a tape recording reveals.

Bank royal commission: Be careful what you wish for

A commission of inquiry will only serve to weaken Australia's banks and generate good headlines for politicians.

Morrison attacks Labor's tax 'smash'

Treasurer Scott Morrison has delivered a fresh attack on Labor's tax policies ahead of the crucial Bennelong byelection.

Kristina Keneally launchs Labor's campaign for the Bennelong byelection.

The candidate, her credibility, and the corruption issue

Kristina Keneally's leadership of one of the most notorious Australian governments raises questions about her credibility.

President Donald Trump. As a candidate in last year's election, called for "a Muslim ban".

May criticises Trump for retweeting anti-Muslim videos

British PM Theresa May criticises Donald Trump for retweeting anti-Islam videos. Jeremy Corbyn says the President is 'abhorrent'.

Slobodan Praljak brings a bottle to his lips, during a Yugoslav War Crimes Tribunal in The Hague as he was convicted in ...

Bosnian-Croat war criminal commits suicide in World Court

A Bosnian Croat wartime commander drank poison, killing himself in the dock of the World Court in the Hague on losing his appeal.

US economic growth reaches 3.3pc

The US economy grew faster than initially thought in the third quarter, notching its quickest pace in three years.

Senior Saudi prince freed in $US1b settlement

Senior Saudi Prince Miteb bin Abdullah, once seen as a leading contender to the throne, was freed after reaching an "acceptable settlement agreement" with authorities.

A woman walks past a TV screen broadcasting news of North Korea's missile launch, in Tokyo, on Wednesday.

N Korea ICBM test may show Washington within range

North Korea launched what was likely an intercontinental ballistic missile that flew high into space before landing near Japan on Wednesday.

Super fee disclosures must be 'truly comparable'

Distance from Australia may help ASIC's newly appointed expert in his review of controversial super disclosure reforms.

Jack Cowin's Competitive Foods had a good year.

Burgers better in 2017 for Jack Cowin

Jack Cowin has enjoyed a big year for some of his investments, both those on the ASX and in the private sector.

Helen Rowell, deputy chair of APRA, will consult with the industry on proposed revisions to the prudential standards.

APRA turns up the heat on super sector

The superannuation industry's main regulator has warned that its prudential standards will be upgraded to intensify pressure on underperforming schemes to merge.