Myer shareholders have fewer reasons to frown
Myer shares have risen 75 per cent as new CEO John King shows he can boost profits in the absence of sales.
- Opinion
- Japan
Why some Japanese are dreading a 10-day break
At the end of April, Japan is giving everybody a 10-day vacation to celebrate the coronation of its new emperor – but a surprising number of people aren’t happy with the extra holiday.
Two investment banks hired for GrainCorp demerger
GrainCorp has called long-time adviser Credit Suisse into its tent to prepare the company's malt demerger.
- Live
- Markets Live
ASX tumbles lower, Ingham's down 7pc
Australian shares have extended their losses into the afternoon led by the index heavyweights while Ingham's has dived after TPG Capital reduced its position.
New laws cracking down on phoenix activity passed
Parliament has passed new laws to penalise company directors and officers who try to avoid paying employee entitlements during insolvencies.
Icahn reportedly sold Lyft stake to Soros
The billionaire investor Carl Icahn reportedly sold his roughly 2.7 per cent stake in Lyft to investor George Soros ahead of the ride-hailing company's initial public offering.
Kelaher's exit will help IOOF move on
IOOF's decision to part ways with its former chief executive is an important step towards restoring trust with the wider market.
Business
IOOF CEO Chris Kelaher to depart after 10 years
Chief executive of embattled wealth giant IOOF Chris Kelaher won't return from a long stint of paid leave instead walking away from the job with $1.3 million.
Justice not so swift for GetSwift trials
ASIC will unleash 30 witnesses at the trial against fallen market darling GetSwift.
Chinese giant steps up infant formula push
The acquisition of a Sydney factory lays the foundation for a goat milk infant formula for Chinese giant Biostime.
GrainCorp to spin off malt division
GrainCorp has moved to demerge its global malting business to create a major new ASX-listed agribusiness amid a stalled $3.3 billion takeover offer from Long-Term Asset Partners.
Estia gets funding boost but maintains earnings guidance
Despite receiving a multi-million boost in Tuesday's federal budget, Estia Health has maintained its recently downgraded earnings advice.
Regional media rivals team up on ads
Only 10 per cent of national advertising budgets are spent in regional areas, despite 36 per cent of Australians living there.
Galaxy Resources appoints new CEO
The lithium miner has lured Simon Hay from his current role as head of resource and development at Iluka Resources.
Markets
- Opinion
- Bonds
Negative bond yields revive fears of secular stagnation
The lesson of post-crisis economic management is that only large-scale fiscal stimulus will provide an effective remedy.
Markets fear Japan's holiday for new emperor
Investors fear that a 10-day market shutdown could derail Japan's currency and sharemarket. Big financial hubs rarely shut down for this long.
Liberum reiterates sell on BHP, Rio, Anglo
The prospect of falling global supply and renewed demand for iron ore in China is being misread by investors, according to Liberum Capital.
What happened in markets before the bell
On Wall Street, shares closed higher, with the S&P 500 closing in positive territory for a fifth day.
US stocks approach record highs
The S&P 500 topped 2875 for the first time in six months, a level the index initially passed 16 months ago.
Opinion
Kelaher's exit will help IOOF move on
IOOF's decision to part ways with its former chief executive is an important step towards restoring trust with the wider market.
Columnist
Josh Frydenberg fires up a bargain
The Coalition’s more optimistic members argue people will look much harder at the economic costs and risks of Labor’s commitments in the harsh glare of an election campaign.
Columnist
Productivity must come first in tax reform
The Treasurer risks watering down his own long-term aims with a fairness agenda.
Editorial
Good budget leaves desperate MPs downcast
As the smoke cleared, the chief criticism from within the government was the budget was too workmanlike when boldness was required.
Political Editor
Politics
Lachlan Murdoch portrayed as trigger for Turnbull felling
"Do you think Malcolm is going to survive," Lachlan Murdoch asked his Sky staff, according to an account blaming him for the media storm that engulfed Turnbull.
Budget a 'stunning lost opportunity'
Veteran venture capitalist Bill Ferris said the budget was a "stunning lost opportunity", as advisers warned of research jobs being lost.
The problem with tax offsets
There was bad news in Tuesday's budget for people earning between $90,000 and $126,000.
- Exclusive
- Immigration
Home Affairs removed Paladin boss over 'non-compliance'
Home Affairs chose thinly capitalised Paladin for a $423 million contract on Manus Island despite interest from multinational companies.
Climate change batters Great Barrier Reef more than expected
The Great Barrier Reef is dying even faster than first thought, a new study shows. 'Dead corals don't make babies,' one scientist says.
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World
Ghosn arrested again in financial misconduct case
Nissan's former chairman was arrested on Thursday morning for a fourth time by Tokyo prosecutors investigating him for alleged financial misconduct.
Britain mesmerised by Crosby's bag of tricks
Known as 'the Wizard of Oz' in Britain, the long-serving political svengali to Tory leaders is again proving a magnet for media attention in Westminster.
- Opinion
- US election
Why the US budget deficit still matters
While Democrats call for more programs and more spending, Republicans are left only to shrug and mostly ignore the subject.
May holds Brexit crisis talks with Labour leader
The British PM and Jeremy Corbyn hunt for an agreement that they can sell to their respective, suspicious MPs.
- Analysis
- Trade wars
Trump's trade war will backfire, IMF warns
The IMF has delivered a blunt rebuttal of the US President's logic for starting a trade war with China.
Real Estate
Credit crunch to blame for fall in property sales
A sharp fall in property sales across the country is more symptomatic of a credit crunch rather than dampened demand caused by a cyclical downturn, experts say.
- Exclusive
- Opal Tower outrage
Opal Tower tenants 'rorting builder'
Several tenants have been double-dipping by accepting allowances provided by Icon and not paying rent.
What a difference 15 months makes in Sydney
Sydney train guard John Okroglic sold his Cronulla investment unit 15 months ago and he's not in a rush to jump back in.
Retail landlords hope spending goes beyond supermarkets
Tax rebates may encourage spending and soften the pain for the retailers and their landlords but they won't turn around the trend.
Melbourne home listings blow out with 25pc jump
The Victorian capital is still playing catch up to Sydney's declines, where prices have fallen more so far, SQM Research says.
Personal Finance
- Opinion
- Strata
How your state's strata laws compare
Confused by different rules for apartments across the country? If you had to cherry pick the best of the bunch, these are them.
- Opinion
- CGT
How to sell your business and pay less tax
By putting the proceeds into super you can cut your CGT bill as well as boost your retirement coffers by up to $1.48 million.
Budget makes trusts 'more popular'
Small business owners will be more likely to establish a discretionary trust to avoid paying the top marginal tax rate as a result of the proposed budget changes.
Technology
- Opinion
- Regulation
YouTube a gold mine, so why all the rubbish?
YouTube needs something better than conspiracy videos to keep users watching. Content creation is expensive but YouTube is worth it.
- Opinion
- Gadgets
Can't stand working? Try this mouse
Is sitting in front of a PC all day taking its toll on your body? A radically new mouse design could help with that . . . a little.
'Mean-spirited': Start-ups slam budget cuts to R&D
The CEOs of Freelancer and TechnologyOne said the federal government's $4 billion cut to the research and development tax break, over the last two budgets, was shortsighted and would force start-ups offshore.
Leadership
The glorious failure of hot desking
The idea that people would move around the office as their work commitments change has turned out to be nonsense.
Beware the 'cobra effect' when measuring culture
If you don't have commission, you have to have a mission, says CultureAmp founder Didier Elzinga.
Lifestyle
Kurt Cobain remembered with sweetness and gloom
On the 25th anniversary of Kurt Cobain's death comes a new memoir about the Nirvana frontman written by the band's manager.
- Opinion
- Wine & spirits
Raise a glass to the history of pinot wine
There's a rich and remarkable history behind the pinots reviewed here from the NSW Hunter region and Victoria's Yarra Valley.
Chanel releases capsule collection with Pharrell Williams
The musician and longtime friend of the house has created a gender-fluid collection for the womenswear label.
In a transport of delight over the Alpine A110
Porsche's entry-level coupe starts at $115,000. Then there's the Alpine: it's fast, fun, and leaves you with a handful of change.
Millennials in hoodies fork over $39m for Simpsons art
Millennials snapped up $US28 million ($39 million) worth of art inspired by the Simpsons television show, along with skateboarding shoes and cans of spray paint at a Sotheby's auction in Hong Kong as a new generation of collectors comes of age.
Most Viewed
Federal Budget 2019: Centrelink recipients feel the whip of data matching
Lachlan Murdoch portrayed as trigger for Turnbull-felling onslaught
ACCC ends Labor-backed cartel probe against Deloitte, EY, KPMG, PwC
The glorious failure of hot desking
Opal Tower tenants rorting on Icon allowances and rents
What a difference 15 months makes in Sydney
