Financial Review - Business, Finance and Investment News

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Barnaby's revenge backfires on Turnbull

Prime Minister Malcolm Turnbull announces his cabinet reshuffle at a press conference in Sydney on Tuesday.

The Turnbull government's recently restored parliamentary majority is again under threat with aggrieved Nationals MP Keith Pitt considering joining the crossbench.

Nationals remind us what a minor party they really are

Aconex co-founders Rob Phillpot and Leigh Jasper aren't the only ones to profit from the $1.6 billion acquisition.

The Aussie investors set to profit from Aconex sale

The founders of the Chickenfeed retail chain and chairman of New Zealand telco Spark are set to profit from the Aconex sale.

Chanticleer

Australia has failed to counter the flow of corrupt proceeds from abroad into the national real estate sector.

Property a big risk for money laundering

By Tony Boyd

Until the government takes action the sole gatekeeper for determining the integrity of real estate transactions involving foreigners is the Australian banking system. That clearly worries the OECD.

Property pain: 1 in 4 inner Melbourne homes resold at a loss

The proportion of properties resold at a loss in Brisbane over the third quarter of 2017 was the highest since June 2015.

Opinion

BHP puts MCA on notice

By Matthew Stevens

BHP made plain that its preference the MCA should make a pragmatic retreat from the frontlines of both climate and energy policy.

Amazon to trigger change in ad spend

Amazon could capture up to 70 per cent of online searches in retail categories by 2023, forcing Australian retailers to change the way they spend on advertising.

Top unionists abused female official

A judge has found "undisputed" evidence top union leaders engaged in misogynistic abuse and threats of violence against a female official.

Tim Gurner buys Collingwood site, slams local council

An artist's impression of Tim Gurner's latest Collingwood project.

Government getting more tax on super, but savers are winners too

"Although more tax is being paid, the return after tax is still higher so [super fund] members are in a stronger ...

Union officials 'threatened' female official

The former head of the NSW postal union Jim Metcher told a female official in undisputed evidence "I don't just make ...

12:15AM

Dealmakers swarm to PEP's Manuka Health

12:15AM

Plenary's Netflow closes first deal; Melbourne roads PPP

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Moelis, Cerberus in frame to acquire Bluestone Group

Pub diversification outrages Balmain yuppies

NBN blames telcos (again) as it drops wholesale prices

ABA chief executive Anna Bligh says the royal commission will not deter banks from pursuing reforms to improve the ...

ABA sends new banking code of conduct to ASIC

Small business will get stronger legal rights against banks, which have responded to criticism that contracts are unfair.

Coca-Cola Amatil cuts water, soft drink prices

Coca-Cola Amatil is discounting leading water and soft drink brands in a move that may help counter the initial impact of the container deposit scheme.

KPMG offloads BBY's 'dubious' Firestone holdings

Liquidators of stockbroker BBY managed to offload a holding in coal explorer Firestone Energy just two months before it was placed in voluntary administration.

AWE scales up Waitsia gas reserves as bidders circle

AWE has upgraded the size of the Waitsia gas field by 80 per cent, strengthening its hand as it seeks to persuade rival bidders to sweeten their takeover offers.

The banking royal commission will be expanded to include mortgage broking.

Mortgage brokers added to Hayne commission hit list

Kenneth Hayne has stamped his authority on the royal commission by asking the government to expand the terms of reference.

The year ends with a lot of evidence of speculative activity, fund manager Hugh Giddy says.

Deal boom lifts shares near decade high

The S&P;/ASX 200 Index closed at the highest level since January 10, 2008 on Tuesday as Wall Street broke records. Even downgrades failed to spoil the party.

At the close, the S&P/ASX 200 Index was 0.5 per cent higher, or 33 points, to 6071 points while the All Ordinaries also ...

Wall St, commodities kick off Santa rally

There was broad-based buying on Tuesday as iron ore and oil enjoyed a lift and record highs on Wall Street spilled over to the ASX.

Wall St is now in overvalued territory

It won't be what any stockbroker will tell you so close to Christmas, or any time really, but if history is any guide investors should be wary of Wall Street.

CPI trawls the web to spot the next Netflix

Technology is changing how the nation's most important statistic is collected to more rapidly account for changes in spending habits.

The Nationals indulgence beggars belief

By Laura Tingle

Malcolm Turnbull's latest cabinet reshuffle has become an exercise in junior Coalition partner indulgence which beggars belief.

Big bank largesse may be short lived

By Karen Maley

The big banks' priorities are shifting from rewarding shareholders to fighting for their survival.

Banks' big trust challenge as royal commission looms

By Michael Smith

Senior banking executives and boards have gone into overdrive to sell the message that they have seen the errors of their ways and will make amends for a lapse in conduct that has brought on a royal commission.

Property a big risk for money laundering

By Tony Boyd

Until the government takes action the sole gatekeeper for determining the integrity of real estate transactions involving foreigners is the Australian banking system. That clearly worries the OECD.

Why is the politics of democracy not working?

Serious voices are questioning the value of democracy itself. But are they really right?

Nationals MP David Littleproud has a beer with Deputy Prime Minister Barnaby Joyce before the New England by-election.

Little-known ministers catch rural sector by surprise

The rural and agriculture sector has been blindsided by the surprise promotion of two relatively unknown Queensland Liberal National Party MPs - David Littleproud and John McVeigh - into Cabinet.

Nursing and indigenous students to be cut

Nursing programs and indigenous enrolments are two areas likely to suffer.

Turnbull's new ministry to focus on jobs, security

Malcolm Turnbull has used his fifth ministerial shake-up in just over two years to increase the emphasis on national security and the economy.

Australia's greenhouse emissions rise 5pc in two years

Australia's greenhouse gas emissions have increased 5 per cent in the past two years, leaving a huge task for the proposed National Energy Guarantee.

Donald Trump, with Vice-President Mike Pence, looks set to make good on his election promise to cut taxes, but the ...

Trump's tax cuts: short-term lift with a long-term cost

Trump's new tax cuts will not finance themselves. We should not follow the White House; stick to new productivity measures instead.

Senator Bob Corker denied prior knowledge of a measure that would be favourable to his own property holdings.

Republicans face backlash over tax bill provisions

Senior Republicans were battling to quell new controversy over their tax proposals as accusations over the generous treatment of real estate income threatened to mar the advance of their reform package.