Christine Morgan, CEO of the Butterfly Foundation and David Murray, Chairman of the Butterfly Foundation, at Parliament ...

Murray drafted as AMP attacks inquiry

Beleaguered financial services giant AMP has appointed David Murray as chairman in an attempt to defuse an investor revolt that could see directors voted off the board.

What's influencing house prices?

The property market is on track for a soft landing although it will be a lot worse if the RBA normalises its cash rate back to its "neutral" 3.5 per cent level.

Why fundies flock to company founders

In a market where the average ASX 200 chief executive lasts somewhere between four and five years – and will have their incentives cut to suit – investors are justifiably looking to managers who will put short-term considerations to one side.

Macquarie CEO's salary swells to $20m

The annual salary of Macquarie Group's Nicholas Moore has ballooned to almost $20 million, which looks set to top the ASX pay leagues again this year.

Andrew Mohl has put an end to speculation that he could be a candidate for the next AMP chairman.

Mohl rejects any AMP return

Andrew Mohl has put an end to speculation that he could be a possible candidate to take over as chairman of embattled financial services giant, AMP.

The Reserve Bank has updated its economic forecasts on Friday.

RBA casts doubt over unemployment rate

The Reserve Bank has made almost no changes to its forecasts as it made the case for an eventual increase in interest rates, should its predicted scenario eventuate.

1414 Degrees' float to reward founders

A tight group of Adelaide investors who backed silicon battery pioneer 1414 Degrees through a decade of hard slog will see their stakes valued at $16.5m when the company floats on the ASX.

Opinion

Top 47pc tax rate is high enough: Eslake

Saul Eslake, a firm supporter of Labor's promised crackdown on tax avoidance, is "just as implacably" opposed to an even higher top marginal tax rate for those earning more than $180,000.

China's construction and militarisation of artificial islands in the South China Sea has heightened tensions with the US.

China missile defence reports overshadow US trade talks

China's military build-up in the South China Sea threatens to further destabilise Sino-US relations after reports Beijing had installed missiles on artificial islands in the disputed territory overshadowed high-level trade talks between the two countries.

Giuliani might have worsened Trump's woes

Rudy Giuliani's comments to the media underscore a growing tension for the White House: the FBI investigation is a legal problem for the President that his own lawyer might have exacerbated.

Personal Finance

49 Links Avenue, Concord NSW.

House prices 'belted' as banks hit brakes

The $3 million to $5 million slice of the market is being hardest hit as buyers without deposits of between 25 to 35 per cent are being squeezed out of the market by the tougher lending conditions, agents claim.

This is a business card on steroids

Smart executives are writing business books to gain a competitive edge with their employer, find a new job or execute a move into consulting from corporate life.