'It has the makings of a perfect storm'

​The world financial system is as dangerously stretched today as it was at the peak of the last bubble. But this time ...
By Ambrose Evans-Pritchard

​The world financial system is as dangerously stretched today as it was at the peak of the last bubble. But this time the authorities are caught in a "policy trap".

Markets: ASX firmly higher

Shares are buoyant in early afternoon trading, with gains in the banking sector and a clutch of broker upgrades helping the advance.

Stockmarket winners for 2018

There is still further upside for valuations in 2018 due to low interest rates, strong corporate balance sheets and high quality earnings.

The yield on the two-year US Treasury bond of 2.07 per cent has eclipsed the dividend yield on the S&P 500 stock index.

Bond yields flash warning

US bond yields climbed to multi-year highs overnight, before a temporary resolution to the US government shutdown.

Unmasked Viceroy maintains the rage

Since revealing their identities on Thursday in a news article, Viceroy has not backed down in its war against a US target, and defended the history of leader Fraser Perring on social media.

UBS lifts payouts for investors

​UBS is increasing payouts to shareholders as growing business with its core base of wealthy clients helps to offset the effects of tighter regulation.

Opinion

AEC slammed over poll security

The Australian Electoral Commission misled the public about the security of voting systems used at the 2016 federal election, the ANAO has found.

The report singled out drought in Australia as an example of recent extreme weather developments that highlighted how ...

Trump tax cuts spur global growth

The IMF tips world growth to accelerate at its fastest pace since 2010, fuelled by a temporary stimulus from Donald Trump's $US1.5 trillion tax cuts and broader global momentum.

AIG's Bermuda deal could be start of a trend

It is no surprise that groups which tried to engage in Bermuda tax arbitrage are now seeking rescues by the likes of AIG. Bermuda's airport may be welcoming many more US CEOs in the months ahead.

Six charged in KPMG leak in the US

The US regulator overseeing auditors was rocked by criminal charges as federal prosecutors accused three former employees of leaking inside information to KPMG.

Personal Finance

Holiday home returns don't match the high and consistent capital growth seen in major cities.

Holiday home reality check

If the goal is to make money from a holiday home, you need to weigh up the costs, returns and risks relative to alternative uses of your cash.

Steve Bannon, Mr Trump's estranged campaign manager, was the man with the grand theories about economics and culture.

Trump and the many meanings of genius

The US president is clearly not a genius in any normal sense of the word. But Mr Trump has a legitimate claim to three other kinds of "genius": political genius, instinctive genius and evil genius.

Lifestyle

Chef, restaurateur, TV star and serial ambassador, Shane Delia. "I was driving to work early the other day and I ...

Chef on a mission to spice up your world

Maha restaurant has popped up in Melbourne's prestigious Hotel Windsor for six weeks. It's one of many projects on Shane Delia's plate, but that's just how he likes it.