ANZ raked in billions pushing super
ANZ raked in more than $3b pushing a superannuation product through its branches under the pretext of general advice before ASIC stepped in, the Hayne royal commission has heard.
Treasury Wine defiant as it mostly delivers
Another strong year will allow Treasury Wine Estates chief executive Michael Clarke to defy the doubters over China. But its US strategy is a work in progress.
FOFA commissions cushion 'too comfortable'
SA senator Rex Patrick is preparing a private members bill that would fully ban conflicted remuneration in financial advice.
AMP back for more Hayne pain
Former AMP director Rick Allert is being questioned about fees paid from AMP super funds to a web of related parties at the royal commission. Follow live here.
Results: Retailers shine, property mixed
Here's a roundup of today's earnings results, which include Origin Energy, Treasury Wine Estates, OZ Minerals, Telstra, Downer EDI, QBE, Invocare, ASX.
ASX falls on trade war threats
The Australian sharemarket has dropped at the open as traders react defensively to Washington's escalation of trade threats against Turkey.
Telstra profit hit by NBN and mobiles
Telstra has warned a ramp up in customers switching over to the National Broadband Network will continue to pressure the telco.
Stockland shakes up top roles, plans to save $8m a year
The country's largest listed developer says combining residential and retirement operations will help it to better respond to changing markets.
Treasury Wine US business crimped by shake-up
An overhaul of its US distribution systems has crimped growth in the US for Treasury Wine but Asian profits are robust.
QBE profit climbs, guidance tightened
QBE Insurance has reported a rise in interim net profit, buoyed by premium growth, rate increases and fewer weather catastrophes.
Downer net profit drops 61pc on one-off items
Downer EDI's underlying earnings were in line with expectations but net profit fell sharply on mining writedowns and charges associated with its 2017 Spotless takeover.
Funerals giant short of customers
Australia's biggest funeral player is getting a nice profit bump from modernising some of its funeral sites, but the number of people dying has fallen below historical trends.
More capital raising drives ASX profit
Increased trading in futures markets also helped push ASX's underlying net profit up 7.2 per cent.
Sydney funds shine with Sohn top picks
Sydney's most illustrious hedge funds, Caledonia, Regal and VGI Partners, have topped the charts with the top-performing stock picks at the 2017 Sohn Hearts and Minds charity conference.
Spotify's $11b rally attracts George Soros
Spotify, the music-streaming company that's gained 47 per cent since its April debut, attracted several prominent hedge funds in the second quarter, including George Soros's Soros Fund Management.
Tesla shares drop on report of SEC subpoena
Tesla shares have fallen after a report said the US Securities and Exchange Commission sent a subpoena to the electric-car maker regarding Elon Musk's plans to take it private and his claim to have "funding secured".
Perth Mint makes debut on NYSE
The Perth Mint made its debut on the New York Stock Exchange overnight as the first exchange-traded fund with sovereign-backed gold.
Opinion
Bankers' failed charm offensive
Banks, it seems, have a touching faith in the ability of their top executives to resolve conflicts with even the stroppiest of corporate regulators.
Chinese tech stocks pose dilemma
The extreme volatility in Chinese internet stocks is either a great buying opportunity or the first signs of cracks in a bull market investment thesis.
Wesfarmers looks to move on after UK hit
Rob Scott knows there's no better time for a business to get rid of "barnacles" than when it installs a new chief executive.
Investors give Coleman a licence to invest
Woodside's result reinforced why Australia's godfather of gas has earned the right to take the lead in $40b of investment to underpin a decade of growth.
Labor states split on NEG strategy
Solidarity among the Labor states against the National Energy Guarantee is starting to fray with Queensland believing the states should not block the policy.
Senator Fraser Anning staffer quits
Richard McGilvray, who managed Senator Fraser Anning's legislative agenda, quit his role over this week's inflammatory speech on immigration.
Australia in soft power diplomatic push
A review of Australia's "soft power" in foreign relations could see diplomats emboldened to respond strongly to anti-Australian outrage on social media.
Fraser Anning forces Parliament to wake up
When One Nation reject Fraser Anning invoked the final solution and the White Australia policy in parliament on Tuesday, something finally snapped. And about time.
CFMEU boss ordered 'unlawful blockades'
CFMEU Queensland boss Michael Ravbar is exposed to significant fines after a judge found he ordered unlawful blockades against a crane company.
Why the Prague Spring still haunts Europe, 50 years on
Oh for the days when the political struggle was not conducted in the language of the gutter and with the manners of the yahoo.
Italy is paralysed by its precarious culture
I see the collapse of the bridge in Genoa as a metaphor for the precariousness of life itself in Italy, where I have lived for 20 years, and have somehow survived.
White House condemns Turkey's tariffs on US imports
The White House and Vice President Mike Pence have condemned Turkey's doubling of tariffs on US cars, alcohol and tobacco imports, calling the action unwise.
Trump revokes security clearance of former CIA director
President Donald Trump revoked the security clearance of former CIA director John Brennan. Some 1.3 million Americans have top-secret security clearance.
NZ bans foreigners from buying homes - with two exceptions
New Zealand has banned foreigners - with the exception of Aussies and Singaporeans - from buying homes as it tries to tackle runaway housing prices
Personal Finance
Instead of renovating your apartment, try this trick
Sit down with your committee or building manager and devise a work schedule. That will get a smart buyer's attention even faster than a glass-walled bathroom.
Catholic Super merger failed over chairman's job
A meritorious merger failed because Catholic Super demanded it be allowed to pick the chairman of the new board.
IAG ready for CBA insurance sell off, royal commission
IAG's chief executive Peter Harmer has signalled a firm interest in acquiring Commonwealth Bank of Australia's general insurance arm.
These are the highest-paying jobs in the US right now
For the fourth consecutive year, one sector boasted the highest-paying jobs in the US, according to an annual report from Glassdoor.
FT boss returns part of his $4.6m pay as staff protests
Financial Times chief executive John Ridding is to pay back 510,000 pounds ($894,500) of his salary after a group of the newspaper's reporters complained about his pay.
Regulators should not blur boardroom roles
Good governance means board directors working on a business, not in it. Attempts by regulators to change this must be rejected.
'Stranded' ASX start-ups in VC fund's sights
Start-ups that have listed on the ASX too early could be offered a lifeline by a venture capitalist's new $100 million credit fund.
Lifestyle
5 of the best executive properties for sale right now
Looking for a home in Sydney, Brisbane, or Perth? Take your pick from these well-appointed residences.
