ASX opens flat, Telstra, Bellamy's down

The Australian sharemarket has opened flat this morning, with modest gains by the index heavyweights being weighed by losses from Telstra and Bellamy's.

NAB's Thorburn under pressure

Antony Cahill's departure as second in command at NAB less than a year into a $1.5 billion transformation plan creates problems CEO Andrew Thorburn doesn't need.

Future Fund delivers 9.3pc annual return

The Future Fund has increased its exposure to risk assets as it tries to balance the rosy short term outlook with its longer term concerns about the global economy and asset prices.

Boral CEO Mike Kane

Boral rides infrastructure boom

Boral CEO Mike Kane says the $3.5 billion Headwaters buyout is proving to be a ''gem'' as he mulls a buyout of the remaining 50 per cent of USG Boral in Asia.

Oil dips as US inventories rise

Oil futures in New York dropped after an American Petroleum Institute report showed an unexpected gain in US stockpiles last week.

Opinion

NAB's Thorburn under pressure

Antony Cahill's departure as second in command at NAB less than a year into a $1.5 billion transformation plan creates problems CEO Andrew Thorburn doesn't need.

ACCC's hard road to Transurban call

If Transurban loses out on WestConnex, it will justifiably argue it's the perception of competition that cost it. But the reality of its success will be foremost in the mind of ACCC's Rod Sims.

The first cabinet meeting of the Morrison government, at Parliament House on  Tuesday.

Push for unity as cracks widen

Attempts by Scott Morrison to unite his party are being hampered by ongoing internal recriminations and a growing push by Labor to force an early election.

Donald Trump and Justin Trudeau, who faces challenge from politicians aligned with the oil industry in Canada.

Canada risks Mexican standoff over climate

As Donald Trump demanded a makeover of NAFTA during the past year, Canada staked out a position squarely at odds with the White House: Any new pact must recognise climate change.

US President Donald Trump has launched an attack on Google for "burying" news about him.

Trump launches tweeted attack on Google

Search engine rejects US president's claim that Google and others were "suppressing" conservative news and "burying" good news about him. President has repeatedly complained that Google and tech companies are biased against him but offered no evidence.

Personal Finance

ASIC has flagging heightened scrutiny of the stigmatised reverse mortgage product, which allows elderly people to borrow ...

ASIC warns CBA on reverse mortgages

CBA has been told to end its "tick-a-box" approach to assessing eligibility for reverse mortgages and is removing clauses the corporate regulator says "have the potential to be unfair".

Student engagement wins unis awards

Judges noted that many of the winners had worked on programs that improved student experience or aimed to engage students with industry and the wider community.