Labor backtracks on shares grab
![Opposition Leader Bill Shorten said Labor was looking after pensioners in its backdown on franking credits.](http://web.archive.org./web/20180326151457im_/http://www.afr.com/content/dam/images/h/0/x/o/x/x/image.related.afrIndexLeadWide.460x260.h0xy8t.gshfrb.png/1522065825829.jpg)
More than 300,000 low-income retirees will be spared from Labor's plan to scrap cash payments for excess franking credits after the opposition amended the policy.
More than 300,000 low-income retirees will be spared from Labor's plan to scrap cash payments for excess franking credits after the opposition amended the policy.
One of Australia's top investors says there's plenty of evidence that investors are letting their guard down as the bull market extends.
Shell is planning to break into Australia's domestic energy market in what could be the biggest shake-up of the energy market in decades.
Fewer than one in five of Australia's most powerful CEOs say they will use the Turnbull government's proposed company tax cut to directly increase wages or employment.
Former Australian men's cricket coach John Buchanan believes Steve Smith ought to resign the national captaincy.
Business banking has long been the thing that sets NAB apart from its big four peers.
Oil Search chief Peter Botten feels a deep connection with PNG. Both are hurting right now.
Craig Meller says the company's rapidly growing investments in China can provide a growth engine for his successor.
Myer has ruled out placing the beleaguered retailer into voluntary administration to hasten the exit or renegotiation of $2.7 billion in leases.
Woodside's $US20.5 billion Browse gas project has emerged as a key target for tougher petroleum taxation as partner Shell voices "caution" on changes.
Renewable energy produced more electricity than brown coal over summer for the first time.
The former co-founder of failed SurfStitch Group is threatening defamation action against the retailer's administrators, FTI Consulting.
Anticipation of a resolution to the trade rift between the US and China reversed the momentum in equities on Monday and paved the way for a restoration of calm on Wall Street after heavy selling last week.
The ASX fell back to a level not seen since October as investors continued to fret about the fallout from a potential trade war between the US and China.
Oil fell on Monday as investors shrugged off concerns over geopolitical risks after Saudi Arabia intercepted ballistic missiles fired by Houthi forces in Yemen.
As the S&P 500 recorded its worst week in more than two years, Dropbox celebrated a 36 per cent pop on its offer price, valuing it at $US11bn.
A bitter goodbye to the notion of public trust in institutions in general and in political, business, religious, media and now sporting leadership.
Given his background, it won't be surprising for Matt Comyn to emphasise the value of actual hands-on experience in banking and be suspicious of those who have been parachuted into senior positions.
Structural issues in the banking and wealth management sectors will work against value creation at AMP, CBA and Bendigo.
A global race by governments on fintech innovation policy is on but there are fears Australia is at risk of being left behind by the UK.
The Turnbull government will soon choose the winning bid for the $35 billion acquisition of a new fleet of frigates, a decision crucial to its ambitions to grow Australia's defence industry.
Roads, a new airport and public transport projects dominate the latest advice to government on priority infrastructure projects for Australia.
Peter Dutton says media claims are defamatory and he has always acted within the ministerial code of conduct.
A self-confessed "law nerd", new senator Amanda Stoker, 35, is a lawyer from Bundaberg whose political heroes are John Howard and Margaret Thatcher.
All the government's company tax cuts will do is deliver more inequality, that Australians have to foot the bill for.
Mike Pompeo and new national security adviser John Bolton will be the two most forceful new members of an already aggressive policy team.
Cranking up the money machine depends on cranking up the production line. And given Tesla's mounting burdens, that needs to happen soon.
The world is closing in on Trump and he is in an existential fight for his own survival and this is precisely what makes him so dangerous.
Mark Zuckerberg is under pressure to testify to US lawmakers about the scandal over the Cambridge Analytica data leak engulfing Facebook.
Treasury Secretary Steven Mnuchin says he's optimistic the US can reach a deal with China that will avert the need to impose tariffs on $US50 billion of goods.
Successful investing is hard. It gets a lot harder, though, when you try to rush your way to riches.
What's needed is policy certainty to lift public trust, not a increase in the super guarantee.
ING attracted 300,000 new customers last year, and an additional 160,000 are now using the digital offering as their primary bank.
It's just as well that Easter falls this weekend, because Australian cricket needs to be redeemed from its own poor culture.
Australia's economic success would be enhanced by having a national diaspora strategy connecting the one million Australians working overseas.
Builder Dan Perkins, who runs a construction company in Bunbury, WA, said he is dependent on the building industry's own training schools.
Three CBA group executives will depart the bank ahead of Matt Comyn's start as CEO on April 9.
Steve Smith was clearly under enormous pressure, so we need to know the events that lead to the decision to ball tamper.
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