Metals, Hayne fallout could stress ASX
Australian shares appear poised to start the week lower after metals eased from multi-year highs and amid expected further fallout from the Hayne royal commission.
Australian shares appear poised to start the week lower after metals eased from multi-year highs and amid expected further fallout from the Hayne royal commission.
Financial Services Minister Kelly O'Dwyer has repeatedly refused to admit the Turnbull government was wrong in blocking a royal commission into the financial services industry.
With investors scrambling to put their money in anything with an income pulse, a savvy few are finding little "nuggets of gold" where others aren't looking closely.
Bond yields are worrying markets again after last week's spike in US Treasury yields to multi-year highs.
Home sellers are still two steps behind the housing markets as auction clearance rates continue to crunch down into the low 60 per cent range.
Praise for Donald Trump's "creative, bold" diplomacy from South Korea's new ambassador to Australia.
We're on the way to building the machinery to deliver on our Paris emissions reduction and energy reliability goals - but are still shy of a Paris-compliant emissions policy.
AMP's reputation was shredded this week at the banking royal commission, but it's not the brand's first brush with controversy.
AMP is moving to protect its chairman Catherine Brenner from calls for her resignation in a submission to the Hayne royal commission.
The bank aggressively bought financial planning businesses in a bid to bolster revenues it could receive under grandfathering and other arrangements.
Interim AMP chief executive Mike Wilkins may have never shied away from a challenge in corporate life, but investors and analysts are aware of the mammoth task he confronts.
John Holland is hiring "marginalised" engineers who have struggled to get jobs elsewhere, despite a booming market.
Investors can still profit from some well-timed commodity bets, strategists say, even though some prices have overshot near term.
US stocks stumbled into the weekend, as renewed selling in tech shares overshadowed what has so far been a solid earnings season.
The ASX has recorded its third week of gains despite the royal commission pushing the shares of banks lower.
Goldman Sachs is trying to pull off a radical makeover, offsetting persistent weakness in its core business of trading by pushing into lending.
AMP's business model looks fundamentally broken and should be stripped apart and sold off in pieces. The CEO's sudden resignation is the first domino to fall.
Friday's sudden departure of AMP chief executive Craig Meller provides a less than fitting end to the scandalous revelations this week at the Hayne royal commission.
America's "incoherent" leadership has provided an opening for Chinese President Xi Jinping on the world stage.
Politicians are furious with yet another animal transport debacle. But it is an industry that may not die quietly.
Australia will watch closely what Kim Jong-un does after a pledge by North Korea to suspend nuclear and missile tests.
Praise for Donald Trump's "creative, bold" diplomacy from South Korea's new ambassador to Australia.
Scott Morrison says he didn't know much about scandals revealed this week - but the regulator did. And that's how it should be.
Australian Industry Group chief executive Innes Willox said the federal, state and territory governments will have to forge a compromise over emissions reduction.
Barnaby Joyce and his partner Vikki Campion are happy after birth of Sebastian.
Finance ministers from the world's leading economies have challenged Donald Trump's Treasury secretary over international trade tensions with China, and urged the US not to resort to protectionism.
China is relaxing limits on outbound investments by wealthy individuals and institutions for the first time in two years.
US Treasury Secretary Steven Mnuchin is considering a trip to China amid a trade dispute with Beijing that finance chiefs warn could derail the global economic upswing.
North Korean state media reports the country will immediately suspend nuclear and missile tests and abolish a nuclear test site in a bid to pursue economic growth.
US president Donald Trump railed against the OPEC oil cartel Saturday AEST, declaring the group was unjustifiably manipulating supplies for selfish gain.
ANZ financial planner Christopher Harris advised one of his clients that rolling over her superannuation into a new account could save $238 a year. But he charged $7,000 for the advice.
Those who just missed out on the age pension because they scrimped and saved say Bill Shorten's proposal to stop the refund of excess franking credits will be 'brutal'.
The nation's largest superannuation fund has confirmed that all 2.2 million of its members will be sheltered from Labor's plan to make franking credits non-refundable.
When she was told journalism and pregnancy were incompatible, author Anne Sebba - whose husband is the former CEO of Net-A-Porter - became a biographer, she tells Lunch with AFR.
Two years after his death, Prince's failure to leave a will has led to a battle over his legacy and seismic body of work.
Bank chooses not to inform rival planning firm that adviser was ripping off clients.
Bigger fines and jail terms must to be backed by criminal enforcement action.
Neuroscientists are divided about whether humans assess all nice experiences in the same way.
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