Private equity shaken by shock tax verdict
Private equity investors could be hit with extra tax obligations, after a shock federal court decision that also threatens to chill investment by foreign investors.
Private equity investors could be hit with extra tax obligations, after a shock federal court decision that also threatens to chill investment by foreign investors.
Barnaby Joyce has publicly apologised to his wife, daughters and mistress, the latter of whom he says is now his "partner".
RBA assistant governor Luci Ellis says a long awaited pick-up in wages growth will likely be 'gradual' as employers fear becoming less competitive.
Toll revenues increased across Transurban's motorway network in Australia and the US.
As the US 10-year bond rate heads towards 3 per cent, its time to load up on bonds says Mark Kiesel, chief investment officer of global credit at fixed income giant PIMCO.
Cochlear reaffirmed full-year profit guidance of $240m-$250, and said sales of its Nucleus 7 sound processor have started well.
Australian shares are poised to open higher as the Dow leapt 525 points in late trade in New York.
Challenger reaffirms its full-year guidance as normalised net profit climbs 5.7 per cent and revenue surges.
The infrastructure boom in Australia is gathering pace and Boral is a big beneficiary.
Banks are under pressure from the Productivity Commission to provide access to the new payments platform, which has just gone live.
Danish telecoms company TDC urged investors to back a $8.5 billion cash offer from Macquarie and three Danish pension funds.
Commissioner Ken Hayne has set the tone for a fast but punishing inquiry as he revealed its first targets would be the bank's biggest profit centres and lashed out at the quality of their submissions.
The chaos at Big Un Limited is another dent in the reputation of the ASX as heavily promoted stocks pick and choose what information to disclose.
The White House infrastructure plan embraces elements of Australia's model, but it faces a major roadblock in Congress due to ballooning government debt.
Billionaire hedge fund manager Ray Dalio, who last month said it felt stupid to own cash, says the US is further along in the business cycle than he'd thought.
Some firms using computers to trade at ultra-fast speeds are not applying safeguards required to avert market meltdowns, Britain's Financial Conduct Authority said.
The royal commission's tight time frame and focus on resolved cases will likely be privately welcomed by the banks.
Beyond the fierce political arguments over the date of Australia Day or constitutional recognition, there's a much grittier reality being lived every day.
President Donald Trump, the self-described "king of debt", may come to regret his Republican Party's squandering of fiscal discipline.
A new data sharing regime promises to level the competitive playing field for banks by reducing the costs of account switching and facilitating price discovery.
Uber faces legal risks that its drivers will be classified as employees, with rights to paid leave, minimum pay and unfair dismissal, if it exercises too much control over them.
The federal government must show its company tax cuts would boost profits and wages if it is to have any hope of securing One Nation's support.
The government rejected that Barnaby Joyce's mistress was his partner as it tried to firewall itself from the disaster-prone Deputy Prime Minister.
Australia's debt-fuelled economy could be a house of cards that only holds together while interest rates remain low.
The NAIF expects to hit performance targets that require it to approve projects with a total value of $750 million-$2.5 billion in the next four months.
President Donald Trump said he will propose a tax on imports this week because the US can't continue to be robbed blind even by so-called allies.
The negotiations to form a coalition government lasted 12-and-a-half days and a night. In the end, talks hinged on key pints: health and labour markets
US defence contractor General Dynamics has agreed to buy cybersecurity group CSRA for $US9.6 billion, including debt.
The City of London, may "lose a few jobs" over Brexit to New York and Singapore, but a bigger challenge is the technology revolution in banking, according to the Lord Mayor of London, Charles Bowman.
I'm old enough to remember when the Republican Party was pro-FBI, pro-morality and anti-deficits. What a startling turnaround.
The New Year has brought with it a wake-up call to investors - January's market rally followed by February's volatility wiping out those gains.
IOOF has taken a stake in Grow Super and plans to use the start-up's proprietary technology to appeal to its younger super fund members.
BlackRock has moved to replicate the approach of Berkshire Hathaway by establishing a $12.8b long-dated fund. Finding good homes for all that money will be the hard part.
Corporates should open their minds, take out their wallets and more directly bear some of the costs they impose on governments.
Fair Work has ruled sending porn on Facebook Messenger outside of work can be grounds for the sack if recipients are work colleagues.
Federal Education Minister Simon Birmingham wants more job-ready graduates.
PwC, Deloitte, EY, KPMG and Accenture dominate the top 10 graduate employers, but there's a shift in what they want.
At first glance it would appear to make as much sense as a talented Swiss skier taking up a career in surfing but Matt Graham's decision to chase the mountains has proved a masterstroke.
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