Myer board face 'strike' on pay

Billionaire Solomon Lew is expected to deliver a second "strike" over pay at Myer's annual meeting on Friday but the besieged retailer is likely to avoid a spill of their board.

Solomon Lew sought to play down claims he intended to make a takeover bid for Myer.

'Clueless' Myer board face 'strike' on pay

Billionaire Solomon Lew is expected to deliver a second "strike" over pay at Myer's annual meeting on Friday but the besieged retailer is likely to avoid a spill of their board.

Super fund advisers slam bank pay

One of Australia's most powerful superannuation fund advisers says it is shocked that any of the country's major banks have paid increased executive salaries after a scandal-ridden year.

Firetrail's Blake Henricks says WorleyParsons is deeply undervalued.

Firetrail turns bullish on WorleyParsons

Firetrail Investment's Blake Henricks sees a strong opportunity to buy engineering firm WorleyParsons, and more of the best ideas from the Future Generation forum on Thursday.

ASX rises on dovish Fed comments

Australian shares rose on Thursday as global markets took their lead from dovish comments made by Federal Reserve chairman Jerome Powell.

Capital expenditure tipped to jump higher

Expected private capital expenditure this financial year has risen to a higher-than-anticipated $114.1 billion, according to the Australian Bureau of Statistics.

Crude has crashed into a bear market after America's surprise sanctions waivers for Iranian oil fuelled concern over a ...

Oil holds losses while glut looms

Oil held near the lowest level in a year as Russia signalled little urgency to commit to supply cuts, while US crude stockpiles continue to grow.

Opinion

Australia had to persuade the incoming Obama administration to keep the G20.

Rudd warns against risking the G20

There is no guarantee the G20 will sustain its privileged position into the long-term future. If it falters and fades away Australia will lose its seat at the top global table.

State Councillor and Foreign Minister Wang Yi says the world is still suffering economic shocks.

G20 leaders must step up, not back

Some say the G20 has passed its use-by date. But new economic shocks caused by rising unilateralism and protectionism call for fresh leadership from the world's 20 largest economies.

Leaders on edge over Trump's short fuse

President Donald Trump will play the role of a dutiful diplomat at the G20 summit but under sufferance - while aides try to avoid a repeat of the G7, which he pushed wildly off the rails.

Personal Finance

ANZ is set to reduce the bank's reliance of the HEM for approving home loans.

ANZ pledges to reduce use of HEM

ANZ CEO Shayne Elliott has promised to reduce the bank's reliance on the controversial benchmark to one third of all loans by the middle of 2019.

Bendigo and Adelaide Bank chairman Rob Johanson defended the use of non-financial measures in executive bonuses.

Bendigo Bank chairman defends bonus metrics

Bendigo and Adelaide Bank chairman Rob Johanson has defended the use of non-financial measures in executive bonuses describing them as crucial to the long-term success of the business.

<I>Survivor</I>-style outdoor challenges are among the latest team-building activities.

How to make team-building days effective

From writing a company song to completing an outdoor challenge, the market for corporate team building is growing. But are such activities worth the trouble and expense?

What Macquarie's Moore will do next

Ask Nicholas Moore what he will do next after 32 years at Macquarie Group and he describes something that sounds uncannily like a miniature version of Macquarie.