Financial Review - Business, Finance and Investment News

Indices	Value	Change	%Change
	0.0000	0.0000	0.000%
	0.0000	0.0000	0.000%
	0.0000	0.0000	0.000%

Indices	Value	Change	%Change
	0.0000	0.0000	0.000%
	0.0000	0.0000	0.000%
	0.0000	0.0000	0.000%

commodities	Value	Change	%Change
	0.0000	0.0000	0.000%
	0.0000	0.0000	0.000%
	0.0000	0.0000	0.000%

commodities	Value	Change	%Change
	0.0000	0.0000	0.000%
	0.0000	0.0000	0.000%
	0.0000	0.0000	0.000%
	0.0000	0.0000	0.000%

chanticleer
38 mins ago

Bank staff feel public's wrath

Commissioner Kenneth Hayne has uncovered shocking case studies but solutions will be harder to find.

Our biggest financial institutions are already feeling the impacts of the banking royal commission – and in some cases, it's not pretty.

Opinion
1 hr ago

We now see on display at the Royal Commission the bitter fruits of a focus on shareholder primacy.

When investors rule, scandals result

Let's hope that the glib, false assumption of shareholder primacy is one of the first casualties of the Royal Commission. Here's why, writes Simon Longstaff.

Opinion
1 hr ago

A land futures market could make lot prices less expensive, Brian Haratsis says.

Three ways to cut house prices

The best way to combat the inexorable rise of housing prices is to restructure the land market. Here's how to do it without causing shockwaves in the market, says MacroPlan boss Brian Hartsis.

Henderson financial advice was 'risible'

An independent financial planner gave a client advice so poor that if followed it would have immediately triggered a $500,000 loss, the Hayne royal commission has heard.

34 mins ago

Sundance doubles down on US oil

Sundance Energy has wrapped up its US shale acquisition which should result in it doubling oil production within two years.

1 hr ago

Harry Harris no longer coming to Australia as US envoy

Foreign Minister Julie Bishop has denied this shock decision by the Trump administration is a diplomatic snub for Canberra.

How to avoid infrastructure cost blow-outs

The University of Sydney wants to help civil servants deliver infrastructure projects without massive cost blow-outs like those suffered by WestConnex.

Lunch watch: Ivan the Terrible does Rockpool

Glencore CEO Ivan Glasenberg on the phone to his diary secretary after lunch on Tuesday. "Never again, you hear me?!"

Apple is impressive, but it's still a one-trick pony

Apple would like investors to appreciate its services business as a second profit engine.

What do metrosexuals have in common with macaronis?

Chef Nathan Sasi is among 11 Australian "reigning men" appointed as ambassadors for the exhibition.

Plane takes off for world's longest flight

The Ultra Long Range version of the Airbus A350 XWB, MSN 216, has successfully completed its first flight.

New No.1 candidate for equity raising

Vocus Group dials back sale of New Zealand unit

Eclipx hits bumps as it re-works Grays' anatomy

12:14PM

Lunch watch: Ivan the Terrible does Rockpool

iSelect's day from hell nothing on Blue Sky

Ken Henry praises BlackRock's conversationalist

AMP chairman Catherine Brenner is under pressure to resign

AMP board faces investor revolt

The embattled board of AMP is facing an investor revolt at its shareholder meeting on May 10 with major super funds preparing to vote against the directors.

The type of tailings dams commonly seen in Australia are hard to build in the tropical, seismically active highlands of ...

Rio, Freeport told to cut river dumping in Indonesia

Indonesia is pressuring Rio Tinto and Freeport to dramatically reduce the amount of mine wastes they tip into rivers around their Grasberg copper mine.

More pokies allegations aimed at Crown

Victoria's gambling regulator and police are investigating additional allegations of poker machine tampering at Melbourne's Crown Casino.

Denying banks tax cuts 'just populist punishment'

Business Council of Australia chief Jennifer Westacott has slammed "populist" moves to link company tax cuts to growing revelations from the banking royal commission

Macquarie said its holding in Mark Bouris-led Yellow Brick Road dropped to 7.8 per cent from 18.4 per cent, previously.

Macquarie sells down in Yellow Brick Road

Macquarie Group has sold down its holding in Mark Bouris-led Yellow Brick Road, with Ron Brierley's Mercantile emerging as a big force on the register.

Trader Robert Arciero works on the floor of the New York Stock Exchange.

Dow sheds 425 points in broad sell-off

The Dow Jones Industrial Average tumbled 1.7 per cent, amid a sell-off triggered by industrial stocks. The US 10-year yield reaches 3 per cent.

The 10-year yield climbed as high as 3.0014 per cent overnight - Tuesday in the US - before retreating to 2.99 per cent ...

US 10-year yield breaches 3pc

The 10-year US Treasury yield rose above 3 per cent for the first time since January 2014, in a signal that higher interest rates are ahead.

Inside Deripaska's scramble to soften sanctions blow

Oleg Deripaska spent months working out contingency plans for new US sanctions But when they came, there was little he could do.

Oil slumps on Macron Iran proposal

Oil dropped to a one-week low after French President Emmanuel Macron proposed negotiating a new deal with Iran to contain its nuclear program.

Finally NAB shows bosses take pain for bad forms

By Chanticleer

The royal commission tried to paint NAB's false witness furore as the thin edge of the wedge. But the bank's wealth boss scored points for his handling of the matter.

FMG undistracted by quarterly quibbles

By Matthew Stevens

Fortescue CEO Elizabeth Gaines is certainly not going to let the vagaries of the moment divert her from defending and enhancing the cornerstones of Fortescue's sustaining business model.

Mindfulness won't fix bad management

By Pilita Clark

Corporate wellbeing does nothing to alter the underlying cause of stress: bad management.

Trump tweets sweet music for Santos suitor

By Matthew Stevens

With President Donald Trump slamming OPEC, Santos suitor Harbour Energy is likely to be smiling.

The husband of one of Robert Doyle's alleged victims says justice has not been served.

'What occurred was egregious'

The Robert Doyle case shows the failure of organisations to resolve sexual harassment complaints when alleged perpetrator fails to answer to allegations.

Four unidentified soldiers inspecting the ruins of Villers-Bretonneux.

WWI slaughter a lesson for today's leaders: PM

Malcolm Turnbull says the slaughter of a century ago must serve as a reminder to today's leaders before war is waged.

Suspend Myanmar military ties: Labor

It is "untenable" to continue defence cooperation amid persecution of ethnic minority, opposition defence spokesman says.

Mortgage resets to add $7,000 a year

Repayments for a typical Australian facing a reset of their interest-only loan to interest-and-principal could jump by around $7000 a year, the RBA warns.

Doyle misconduct probe 'inconclusive'

An investigator has been unable to reach a conclusion about claims of misconduct by former lord mayor Robert Doyle in his role as Melbourne Health chairman.

Workers on the assembly line at the SAIC-GM factory in Liuzhou, China. GM's lucrative partnership with state-owned SAIC ...

China’s car concession not enough to halt a trade war

Beijing's willingness to scrap foreign ownership limits on automotive joint ventures by 2022 will not be enough to budge the Trump administration from its current view.

A BYD double-decker electric bus on April 12. Because buses consume 30 times more fuel than average sized cars, ...

Electric buses are hurting the oil industry

China adds a London-sized electric bus fleet every five weeks - and about 279,000 barrels a day of fuel won’t be needed this year.

Trump brushes 'dandruff' off Macron - and warns on Iran

The two allies met in Washington to discuss the Iran nuclear accord, Syria, climate change... and dandruff.

Apple to transfer billions to Ireland amid tax fight

Apple will start transferring billions of euros to Ireland within months, after reaching a deal on an account to hold the cash while it fights a European tax case.

Trump himself last year derided Kim as "Little Rocket Man" and said it is "hard to believe his people, and the military, ...

Trump calls Kim 'very honourable'

President Donald Trump complimented Kim Jong Un as "very honourable" so far and said he hopes to hold his summit with the North Korean leader "very soon".

A common belief is that good-looking people also earn more money, but a new study turns this theory on its head.

Very unattractive people earn a lot more money

Researchers have found that people who are "very unattractive" may be the biggest earners, so being ugly could be an advantage, at least when it comes to money.

Sage has grown its cloud business rapidly, as it started from "virtually no cloud presence" in 2014.

Sage set to profit in accounting software market

The recent sharp fall in Sage Group's shares looks like an overreaction, with provider of accounting software well-placed to continue to be a leader in its market.

IOOF continues to attract new advisers amid fresh scandals emerging from the planning sector.

IOOF insulated from ANZ royal commission fallout

IOOF's purchase of ANZ's pensions and investment has been given the green light by the ACCC, and the ASX-listed wealth manager maintains it won't foot the bill for any royal commission fallout.

The in-car delivery service is available to members of Amazon Prime whose cars are parked in publicly accessible areas, ...

Amazon starts free delivery to cars

Inside Facebook's fight to win back trust

NASA going back to the moon

UEM Sunrise expects to hand over apartments in its Conservatory project from late September.

Malaysia's UEM Sunrise tops out first Melbourne tower

Councils, lack of tradies behind Melbourne lot price surge

Property to fall '8pc' as outlook slumps

The ruling on Tuesday (Wednesday AEST) is a blow to the company as it defends what US District Judge William Pauley ...

Fox ordered to defend bias lawsuit

A US judge ordered 21st Century Fox to defend a lawsuit by a former Fox News contributor who claimed she was raped by a longtime anchor.

Jemma Green, chair of Power Ledger, is thrilled with the response to the company's ICO or initial coin offering

'Big power should embrace disruption'

Energy start-up Power Ledger has signed a deal to trial their peer-to-peer energy trading platform in Japan as it urged big power utilities to embrace disruption in the energy sector.