Scott Morrison set to call May 18 election
The Prime Minister flew back to Canberra on Wednesday night and is preparing to announce a five-week poll.
ASIC chair says new powers will 'let us get on with it'
ASIC chairman James Shipton told Senators he is "grateful" for their support. “We now have meaningful deterrence and we now have meaningful penalties.”
Wynn exit may bring others to Crown table
The rollercoaster ride for investors sitting alongside billionaire James Packer in Australia's biggest casino group shows no sign of ending.
RBA watching negative equity, arrears
The RBA's Guy Debelle doesn't expect the central bank to have to cut rates further but he's closely watching the level of mortgage arrears and negative equity.
ATO wants certainty over low-income tax offset
Senior officials from the Tax Office have told Parliament there is no chaos in administering rebates for low and middle-income earners.
Coalition revives 'Kill Bill' strategy over ALP ties to Huang
Attorney-General Christian Porter says Bill Shorten's attendance at the 2016 wedding of Huang Xiangmo's daughter goes to questions of his credibility.
Domino's picks up 'rat-infested' Danish pizza chain
Domino's is buying a Danish pizza chain that collapsed after a scandal over out-of-date food and rat-infested kitchens.
Business
CBA pays $2.3m more to victims of bad advisers
A review performed by KordaMentha Forensic has identified a rogues' gallery of bad financial advisers and 232 previously unknown victims.
- Opinion
- Chanticleer
Packer still a winner without Wynn
James Packer could do worse than forget about Wynn Resorts and leave his 316 million Crown shares in a bottom draw.
Scourge of fees for no service lingers
Regulators have written to superannuation fund trustees warning them to protect members from fee-for-no-service harm.
Why Packer, Murdoch, Lowy are sellers
The rise of gigantic “superstar” global firms is shifting the world economy closer to a winner takes all and more oligopolised market, writes John Kehoe.
EatClub takes a bite out of the Big Apple
The food tech start-up backed by celebrity chef Marco Pierre White has signed up more than 100 restaurants in New York.
Regulatory reasons behind Wynn's withdrawal
Regulatory pressure in the United States is one of the reasons why Wynn Resorts wanted to keep its interest in Crown Resorts confidential.
Where's Lachlan? Oz in $3b vanishing act
When you're counting Australian tycoons, News Corp should consider someone close to home whose surname begins with M.
Markets
ASX lifts for a second day
Australian shares rebounded from a loss at the open, as investors traded cautiously following a fall in global markets.
ASX edges out gain, Crown falls
Australian shares have managed to just close in the green on Wednesday despite Crown Resorts weighing the market.
- Opinion
- World markets
Is the IMF behind the eight ball?
The International Monetary Fund is right when it says this is a "delicate moment" for the global economy – investors feel it as well.
US companies set to report lower profits on higher revenue
S&P 500 companies' results face tough comparisons with last year, when the US tax code overhaul helped boost profits.
When betting against Erdogan is a winning trade
Political risks are back in the spotlight for Turkish markets after the ruling AK Party called for a rerun of the March 31 local election in Istanbul.
Opinion
Packer still a winner without Wynn
James Packer could do worse than forget about Wynn Resorts and leave his 316 million Crown shares in a bottom draw.
Columnist
The usual gloomy IMF tune strikes a chord among nervy investors
The International Monetary Fund is right when it says this is a "delicate moment" for the global economy – investors feel it as well.
Columnist
Why Packer, Murdoch, Lowy are sellers
The rise of gigantic “superstar” global firms is shifting the world economy closer to a winner takes all and more oligopolised market, writes John Kehoe.
Senior Reporter
Will China turn itself into a huge Singapore?
If China were to emerge as a high-income country still ruled by a communist party state, which is what Xi Jinping expects, it would reshape the global balance of power. But how likely is it, in fact?
Financial Times
Politics
'Unfolding disaster': Martyn Myer takes aim at climate wars
Myer Foundation President Martyn Myer took aim at climate policies of both major parties as he explained why the foundation backed a new zero-carbon vehicle.
Coalition's $5b northern scheme 'lacks transparency'
Critics of the $5 billion Northern Australia Infrastructure Facility claim it could be funding "white elephant" projects in regional Australia.
Snowy Hydro costs, timeline blow out
The $5 billion budget is more than double the price touted when former prime minister Malcolm Turnbull announced the ambitious project two years ago.
ABCC pursues plumbing union boss
The construction watchdog has launched legal action against the state head of the plumbers union for allegedly coercing a contractor to kick out its manager.
Bowen revises negative gearing numbers
Shadow treasurer Chris Bowen has revised vital statistics underpinning its negative gearing tax policy.
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World
Italian government forecasts stagnation this year
The Italian government has confirmed its gloomy outlook for the economy, following a day of arguments, accusations and finger-pointing between the warring sides of the country's populist coalition.
Bollywood plays starring role in Modi's re-election bid
Bollywood is playing a lead role in Narendra Modi's campaign for a second term, endorsing him on-screen and off.
- Opinion
- Emerging markets
Will China turn into a huge Singapore?
If China were to emerge as a high-income country still ruled by a communist party state, which is what Xi Jinping expects, it would reshape the global balance of power. But how likely is it, in fact?
Israel's Netanyahu secures election victory, says Israeli TV
The Israeli Prime Minister has secured a record fifth term in office despite running neck-and-neck with his challenger Benny Gantz.
- Opinion
- Investment banking
Societe Generale needs to move on
Société Générale’s story of rebirth sounds more of a rerun than anything novel. It will need to make harsher decisions before its share price stabilises.
Real Estate
Big dollars for large Melbourne childcare centre
Sales in Melbourne dominated the week, but Brisbane also proved to be a hotbed of activity.
Elanor buys four hotels, launches fund
The ASX-listed property investor has powered through a new hotel, tourism and leisure funds management initiative.
Brokers offered 'massive' commissions for new units
With sales slumping, developers are offering incentives of nearly 9 percent to sell new apartments. That's about $70,000 for an $800,000 unit.
The charts showing how big the housing slump is
It’s now one of the largest on record in Australia, only surpassed by a handful of periods in the late 1800s and the first half of the 20th century.
Lendlease signs dotted line on $4b Milan project
The property developer is now waiting on planning approval for a potential 2021 start.
Personal Finance
- Opinion
- Flat Chat
Does your state have the worst strata laws in Australia?
In Queensland it's about building management rights while in Tasmania the state government may be schmoozing you to stop short holiday lets.
- Opinion
- Sharemarket
Cloud gaming to strengthen Tencent's hand
Capturing a larger slice of China’s gaming market is a valuable goal as it is the largest (and still growing) in the world, at more than $US34 billion in 2018.
Lenders cut mortgage rates as demand continues to slide
Lenders are cutting mortgage rates and slashing minimum deposits in half to boost business as borrower demand from owner occupiers slumps to six-year lows.
Technology
AirTrunk to build first data centre in Singapore
The Singapore development is a big step in AirTrunk’s ambitious Asia-Pacific growth strategy.
Why Mastercard doesn't fear AfterPay
Mastercard chief Ajay Banga is on a mission to kill cash. But first he has to break into China and deal with disrupters like Afterpay.
Short-sellers use '$TslaQ' to hit Tesla
Elon Musk has used Twitter to cultivate a cult-like following. Fittingly, his nemesis is a social media swarm that claims he is a fraud.
Leadership
Online or classroom MBA: which is best?
Advocates of a classroom MBA say you can't beat the networking opportunities, while online fans value the flexibility on offer.
ASIC wants power to force auditors to redo faulty work
But the corporate regulator still has to determine if it will "name and shame" firms over poor quality audits.
Lifestyle
Forty years on, a ghost from Geoff Gray's defining art sale
The 40th anniversary of Geoff Gray's landmark sale of Australian art illustrates just how far the local art auction scene has come.
Why Chinese leaders blocked a popular soap opera
Small-screen melodramas about its imperial past are a reminder of the hard-to-reconcile tension within China's vision of again becoming a "great" power.
Tokyo master brings sushi theatre to Nobu
Diners can expect so much more than a meal when Ryujiro Nakamura of Umi gets together with the executive chef of Melbourne's Nobu.
Ritzy business: French flair enlivens a Manhattan landmark
A top-to-toe ‘reawakening’ at the Ritz-Carlton in New York has rendered this city stalwart simply irresistible.
Swimming with sperm whales in Dominica
Moby Dick author Herman Melville got it wrong: a close encounter with sperm whales shows them to be magnificent, empathetic creatures, not monsters of the deep.
Most Viewed
Wynn shuts down Crown purchase talks citing premature disclosure
Where's Lachlan? The Oz pulls off a $3b vanishing act
Negative gearing savings overstated by up to $8b
RBA watching negative equity, arrears
Why Packer, Murdoch, Lowy are sellers
The charts that prove Australia's house price downturn really is big
