Labor will quarantine passive income earned by investment assets, from active income derived from wages and salaries.

Loophole in Labor's negative gearing plan

Investors with multiple assets will effectively be allowed tax breaks for interest expenses on some of their investments under Labor's proposed curtailing of negative gearing.

US to help Australia redevelop PNG base

The US will partner with Australia to redevelop Papua New Guinea's naval base at Manus Island, dramatically ramping up the American presence in the South Pacific.

Economists cut through paralysis

When two former federal Treasury economists, David Chessell and Geoff Carmody, set up their own independent consulting firm 30 years ago Australia was in the midst of a golden era of economic reform.

NAB Group CEO Andrew Thorburn took a 32 per cent pay cut this year.

NAB CEO takes pay cut under revised policy

NAB chairman Ken Henry flagged the annual report will detail a new remuneration policy, designed to win back customer trust after the poor conduct uncovered by the banking royal commission.

Solly Lew 'not surprised' over Myer woes

Retail billionaire Solomon Lew, who holds a stake of 10.8 per cent in Myer which has halved in value since he acquired it in early 2017, said on Friday he wasn't surprised at the latest stumble because the retailer had lost its way.

Macquarie profit to hit record $2.9b

Macquarie said to expect a 15 per cent lift in net profit this year to a record $2.9 billion after the ACCC approved the sale of Quadrant Energy.

"We are at a point now where we really need to be especially data dependent," Richard Clarida, the newly appointed vice ...

Fed policymakers see rate hikes ahead

Federal Reserve policymakers on Friday signalled further interest rate increases ahead, but raised relatively muted concerns over a potential global slowdown

US-China deal could prime global growth

Veteran macro investor Scott Bessent says global growth could be ignited if China agrees to a trade deal with the United States and then stimulates its economy.

Opinion

Economists cut through paralysis

When two former federal Treasury economists, David Chessell and Geoff Carmody, set up their own independent consulting firm 30 years ago Australia was in the midst of a golden era of economic reform.

"Hopefully, we will make a deal, and if we don't, we are doing very well just the way it is right now," Trump said.

'China wants a deal': Trump

President Donald Trump said he is optimistic about resolving the US trade dispute with China after receiving a response to his demands from Beijing.

"So we think for now, the worst is forestalled," veteran macro investor Scott Bessent said.

US-China deal could prime global growth

Veteran macro investor Scott Bessent says global growth could be ignited if China agrees to a trade deal with the United States and then stimulates its economy.

Top Brexit ministers back PM May

The cabinet's most senior pro-Brexit ministers say they want stability and the chance to deliver a good Brexit, rather than a change of leader.

Personal Finance

Home loan customers will have to wait to reap the benefits of interest rate cuts.

How to get your home loan approved

About half of new residential mortgage applications are being rejected highlighting the need for buyers to adapt to changing markets and conditions.