Markets: $A drops, ASX climbs

The ASX is higher, with gains in consumer staples companies and banks supporting the index. The Aussie is lower after disappointing October trade data.

The Australian currency fell to US75.44¢, a drop of 0.3 per cent for the session, and with the US75¢ level firmly in reach.

$A knocked on razor-thin surplus

The Australian dollar is back at June levels after the terms of trade data disappointed on Thursday, showing the surplus shrunk to just $105 million.

A Varied Portfolio Illustration Karl Hilzinger A hand trying to catch sinking dollars / money / cash / $ balancing act ...

Where investors can find 'good value'

After a barnstorming 2017, three high-profile offshore investors are talking to their clients about what 2018 might bring. And the powerful gains of this year have left many feeling "queasy".

Opinion

The first of the 10 cards in the Rorschach test is variously described as a bat, butterfly or moth.

The royal commission Rorschach test

The terms of references are so broad, it's tempting to project your own thoughts about the banking sector into any discussion about the coming inquiry.

Salvator Mundi represented a major prestige purchase in the art world, if a controversial one.

Mystery buyer of $450m Da Vinci revealed

Bader bin Abdullah bin Mohammed bin Farhan al-Saud is the mystery buyer of Leonardo da Vinci's painting Salvator Mundi which fetched a record $450.3 million at auction last month, documents show.

VW boss gets 7 years in US prison

The sentencing of Oliver Schmidt, a former Volkswagen manager in Michigan, is the latest turn in a vast scandal that has tarnished the company's reputation and has cost the carmaker more than $US20 billion in fines and settlements.

Personal Finance

"A number of FSC members have encouraged the FSC to stay quiet or they would resign their membership," Andrew Bragg says.

'Brute' union power on show in super stoush

Companies threatened to quit the Financial Services Council after being bullied by unions as part of an intense campaign against the government's superannuation changes, it has been claimed.

Sky's the limit for Experience Co's dream

Like the adrenalin-fuelled activities underpinning their fast-growing adventure tourism company, Anthony Ritter and Anthony Boucaut are not holding back on their plans for the business.