'All bark, no bite': Shock cut for ASIC
ASIC's permanent funding will be cut from $346 million to $320 million and staff numbers slashed by 30, in a cut described as shocking by insiders as the Hayne inquiry adds to the regulator's workload.
AMP faces second class action
AMP will contend with two class actions as the beleaguered wealth manager prepares for today's fiery AGM where shareholders will want answers.
Mahathir wins Malaysia election in historic power shift
As results signalled a win for Mahathir, iShares MSCI Malaysia ETF based on the nation's stocks dropped 2.6 per cent.
AMP faces shareholders
Investors are expected to deliver a first "strike" against AMP's remuneration report at the AGM today after weeks of fallout from the royal commission. Follow all the action live here.
Hayne should probe this fee gravy train
Disclosures in the federal budget about excessive superannuation fund charges imposed on low income earners and young members should be brought to the attention of commissioner Kenneth Hayne.
Open banking 'a game changer' for consumers
Open banking will become a reality from July 1 next year, when credit and debt card data will be able to be provided to fintechs, with mortgage data to follow in early 2020.
Markets Live: ASX rises as Qantas falls
The Australian market has opened higher this morning as Qantas drags and AMP trades flat.
M&A; frenzy kicks off bankers' 2018
Investment bankers need the strong start to the year for local deal volumes to fill their fee coffers after last year was mixed.
Jack Cowin on a roll with US Domino's
Shares in the NYSE-listed Domino's recently hit a record high.
Budget to send life premiums up 30pc
Superannuation fund members might end up paying 30 per cent more for their life insurance cover under the government's plan to help younger savers.
Law firm files $2b action against AMP
Class action law firm Quinn Emanuel has raced to file the first class action against AMP on the eve of the company's annual meeting.
CEOs optimistic on budget, but not R&D; cut
Leading CEOs are cautiously optimistic that income tax cuts will boost consumer confidence, but the budget measures are not enough to commit to increase their investment.
Lessons from the ASX listing that nearly killed me
Physical health is more important than financial health for the start-up founder, as Reffind's Jamie Pride found out the hard way.
AAA still vulnerable, warns S&P
The government has been told its economic outlook is too rosy and leaves the nation vulnerable to a sudden downturn.
Treasury's forecasts ahead of market: economist
The budget papers take a more optimistic view on growth than the market does, but Treasury is not as bullish as the RBA.
Why Trump is great for US microcaps
America's microcap stocks are thriving under the Trump administration.
Opinion
Shorten pays the price of political expediency
The unwelcome prospect of Labor having to contest a spate of byelections in its own seats next month is the price it must now pay for its political expediency.
It's the 'politics of envy' V 'the economics of opportunity'
This budget is the government's best and probably last chance to try to cement the public image of Labor as the high-taxing, high-spending alternative ahead of the real election.
BHP shale sale gets a Trump up
Andrew Mackenzie's luck has finally turned on BHP Billiton's $US30 billion investment in US shale oil.
The Senate can end Labor's tax hypocrisy
Workers will thank the Senate if it passes a new tax system that Labor has proposed previously.
One Nation holds key to tax-cut plan
The federal government could secure Senate support for its entire $140 billion income tax cut package from the crossbench but needs to persuade Pauline Hanson who is demanding cuts to immigration.
60 per cent of tax cuts to go to richest 20 per cent
Scott Morrison's tax plan has three stages and the last stage after 2024 strongly favours the better off.
Budget tax package a 'huge reform'
Malcolm Turnbull says the federal budget represents "huge reform" to the income tax system, insisting high income earners would still pay the bulk of tax under a planned overhaul.
'Highly optimistic': Tax valuations inflated by $66b
The federal government's budget move to tighten the thin cap rules follows a $66 billion blowout in asset revaluations made by one partner at a major accounting firm.
Here's a map of the 10-year national infrastructure plan
Australia's federal government has released its 10-year national infrastructure plan in the budget. Here's what it looks like spread across the country.
McKinsey sued over ‘conflicts’ in bankruptcy work
Strategy consulting firm McKinsey is being pursued for more than $134 million in damages by a prominent corporate restructuring specialist who has accused it of failing to disclose conflicts of interest.
Berlusconi says OK to 5-Star, League government
Italy's populist 5-Star Movement and the far-right League are moving towards forming a coalition government nine weeks after national elections.
Walmart pays $US16b for India's Flipkart
Walmart will pay $US16 billion for a 77 per cent stake of India's Flipkart after as it buckles down to compete with Amazon.com.
Deutsche said to be mulling massive jobs cuts in US
Deutsche Bank is considering a sweeping restructuring in the US that could result in the company cutting about 20 per cent of staff in the region, according to people briefed on the matter.
North Korea releases 3 American prisoners
North Korea released three American captves in a sign of goodwill leading up to a summit between Kim Jong-un and President Trump.
Personal Finance
Tax planning less attractive with flatter rates
Grouping the vast majority of workers into one mega 32.5 per cent tax bracket will not only minimise bracket creep, it will discourage tax avoidance, experts say.
Low and middle earners' $530 tax offset explained
Workers taking home about $90,000 will benefit most from the new tax offset.
Ageing in place v housing affordability
Federal budget 2018 policies to keep the elderly at home longer will impede the recycling of housing stock.
Is agile working a revolution, a fad, or just a cover for lay-offs?
Scrums, squads, tribes, sprints and kanbans are all part of the cultish new world of agile work which has gone mainstream at major companies like ANZ, NAB, Macquarie, Dulux, ING and AGL.
Vocational Education and Training needs so much more
Despite the budget, further leadership is needed to address the broader problems with Vocational Education and Training.
EatNow millionaires' fear of irrelevance spurs start-up
They could be on a beach somewhere, instead they just raised $1.2 million from the Leibovich brothers.
Migrant workers needed to train tradies
Some TAFEs only have one or two people qualified to teach trades and the only option is to look overseas.
Lifestyle
Here's how to run a grand luxury hotel
As the host of The Hotel Inspector – and niece of luxury hotelier Sir Rocco Forte – Alex Polizzi knows all about the hotel game.
