CSL chief scientific officer Andrew Cuthbertson has built his holding over more than two decades.

How to become a wage slave millionaire

ASX executives who want to make the jump from wage slave to the Financial Review Rich Bosses list need to be willing to take some short-term pain for long-term gain.

ASX edges back from decade high

The Australian sharemarket touched a level not seen since early 2008 in early trading today, but couldn't hold onto gains as losses for banks offset gains for miners.

NAB's latest business activity and confidence scorecard suggests employment growth will continue to outgrow population ...

Business confidence ticks up

NAB's latest business activity and confidence scorecard suggests employment growth will continue to outgrow population rises, suggesting gradual growth in wages.

Shell lifts Canada's LNG hopes

A flurry of activity is raising optimism that Shell and its partners are ready to proceed with Canada's largest infrastructure project.

AFR, NEWS, CURRENCY
Australian dollar with US bills and Japanese Yen --- generic economy, exchange rate, money. Monday ...

$A tipped to fall as low as US70¢

The Australian dollar has suffered against its US counterpart since the start of the year and the signs aren't looking favourable for a near-term recovery.

Opinion

Diversify or die, says Longreach farmer

Longreach farmer James Walker is well aware of the need to diversify to protect a farm income from the ravages of the latest drought afflicting large parts of Queensland and NSW.

"Airport operators face price caps and service benchmarks.

Monopolistic airports face price caps

Airport operators face price caps and service benchmarks after the Productivity Commission warned it will examine whether airports are operating as monopolies.

Starbucks to ditch plastic straws

​Starbucks, which doles out more than 1 billion straws a year, says it will phase out single-use plastic straws from its stores by 2020.

Personal Finance

SMSFs with good track records will be allowed to move to three-yearly audits.

Three-yearly SMSF audits 'problematic'

Plans to relax audit requirements for well-behaved self-managed super funds have been described as "very problematic" by professional auditors, who are fighting the change.

Chinese investors are fleeing managed funds as stocks tumble.

Market turmoil pushes some China funds to the brink

It's already been a harsh year for Chinese funds, hit by new rules aimed at reining in debt in the country's financial system. Now, the sell-off in China stocks induced by trade war anxiety further threatens their health and for some, their survival.

Mark Zuckerberg's childhood was banal compared with those of many older billionaires.

Why are young billionaires so boring?

Economist Raj Chetty has found that only about half of the children born in 1980 have surpassed their parents' income. In 1940, that number exceeded 90 per cent.