Shorten pushed to ban retail super
Labor will come under more pressure to ban banks from superannuation after fresh evidence of chronic investment underperformance in the retail sector.
Labor will come under more pressure to ban banks from superannuation after fresh evidence of chronic investment underperformance in the retail sector.
Markets failed to deliver a relief rally on Friday after Thursday's fierce sell-off, cementing a brutal start to the final quarter and leading fund managers to conclude that the enemy of shares will be interest rates.
The local sharemarket has closed the week lower after a global sell-off pushed Australian shares to their lowest level in 12 months.
Donald Trump's gripe with Beijing extends well beyond trade issues to concerns about China's confrontational military stance, with huge implications for major US corporations.
The Productivity Commission is being urged to crack down on fee-gouging by super funds with the Productivity Commission finding more than 3.2 million super members are being charged excessive fees.
Think this won't happen in your suburb? A growing number of households will be in the red if property prices fall 20 per cent.
Some financial news is aimed at playing to greed and fear, others are designed to feed our inbuilt appetite for certainty in an environment of high (and rising) uncertainty. Beware of both.
A $400 million expansion that could have provided more gas for the struggling east coast market is understood to have been put on ice by Shell and PetroChina.
Coal power baron Trevor St Baker believes the government's proposed underwriting mechanism for "fair dinkum" power plants could be suitable for Delta's pumped hydro project.
Qantas chairman Leigh Clifford said human rights activists should not use companies as pawns in their campaigns to change asylum seeker policy.
Copper explorer SolGold's Ecuadorian acreage may prove good enough to satisfy both Newcrest Mining and BHP, says Newcrest CEO Sandeep Biswas.
For female entrepreneurs, coming up with a good idea isn’t the hard part. Getting investors to listen is. But the times, they are a changin’.
Point 72, the $US12.4 billion hedge fund run by famed US hedge fund manager Steve Cohen has made a key hire.
It was the most volatile week on China's sharemarket since a sharp sell-off triggered aggressive government intervention three years ago.
European bourses weathered this week's storm but anxiety remains over the cooling regional economy and uncertain global outlook.
Australian shares have ended a volatile of trading flat on Friday despite futures indicating the local sharemarket would follow Wall Street's rebound.
After teetering on the brink, US stocks staged a rebound as a fresh round of healthy corporate earnings narrowly returned the S&P; 500 and Dow Jones Index to positive territory for the year.
It is hard not to avoid the impression, having watched the government over the past two weeks, that it has not the barest clue about what its policy agenda is.
Donald Trump's gripe with Beijing extends well beyond trade issues to concerns about China's confrontational military stance, with huge implications for major US corporations.
Australia is all the better for a young generation of entrepreneurs finding opportunity in global disruption.
AMP's fall on Thursday said a lot about the heavy price for extracting it from the highly regulated and capital intensive life insurance sector.
Federal energy minister Angus Taylor said the Council of Australian Governments had made progress but Victori's Lily d'Ambrosio said it was "another groundhog day".
The Victorian government has bypassed Canberra and formally signed up to Chinese President Xi Jinping's signature foreign policy initiative, Belt and Road.
Josh Frydenberg and investor Geoff Wilson have joined forces to campaign against the financial hit to investors from Labor's tax increases on shares and other assets.
The National Drought Summit has heard that generous financial support may hinder rather than help drought-affected farmers, while Labor has accused the government of an 'accounting trick'.
The Victorian Liberal Party and its primary financier, the Cormack Foundation, reached a peace agreement Friday morning that will make former primer minister John Howard a director of the $68 million fund.
Google gave Andy Rubin, the creator of Android mobile software, a hero's farewell when he left the company in October 2014. What it did not say was that he had been accused by an employee of sexual misconduct.
Sir Philip Green always seemed to prefer the idea of himself as an outsider barging his way into the Establishment, raking in millions - and celebrity friends - along the way.
The US had every reason to walk away from the INF missile control agreement. But Donald Trump's belligerence over international treaties means no one may be listening.
The Trump administration has authorised an artificial gravel island in the Beaufort Sea north of Alaska to extract crude, the first approval of an oil production facility in federal Arctic waters.
New York police removed a suspected mail bomb from Tribeca Grill restaurant as Hollywood star Robert De Niro becomes latest target of a spree that has targeted outspoken critics of Donald Trump.
Self-managed superannuation funds that don't grow to reach $500,000 tend to suffer from a double whammy of high fees and low returns, the Productivity Commission says in fresh cost benefit analysis of DIY super.
Rather than being an expensive source of funding for NAB, its "old-style" hybrid is very cheap for the bank, meaning it's unlikely to be repaid any time soon.
For the first time since key reforms were introduced in 2014, daily accommodation payments are preferred over large deposits.
More than half the Federal Court has taken more than a year to deliver a judgment and the average judge writes just 181 words a day.
The new dean of health at Sydney's University of Technology began her working life as a hairdresser specialising in purple perms, she reveals over Lunch with the AFR.
Goldman Sachs publishes a reading list every US Fall. Leaders from around the global company recommended one or two books to read this season, from thrillers to motivational must-reads.
A practice called "student recycling" has emerged as one of the rorts used by unscrupulous visa agents and training organisations in the troubled vocational education sector.
The icon welcomes #timesup but has no harassment story of her own: 'I get respect because I demand it'.
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