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Scott Morrison set to call election for May 18

Scott Morrison set to call election for May 18

The Prime Minister flew back to Canberra on Wednesday night and is preparing to announce a five-week poll.

James Packer's complex relationship with Sydney

James Packer's complex relationship with Sydney

The country's most scrutinised and analysed billionaire has very different feelings about the city in which he grew up.

Commissions ban 'absolute rubbish': Medcraft

Commissions ban 'absolute rubbish': Medcraft

The former ASIC chairman has described the call for broker commissioners to be banned as "absolute rubbish" and says giving more work to courts could backfire as they work too slowly.

ASX set to drop as Fed preaches patience

The ASX is set to open trade on the back foot despite Wall Street recording small gains overnight.

Five reasons Wynn could be back

Wynn came and went like a mirage in the Las Vegas desert but there are good reasons why it could come back for Crown Resorts.

Housing boom 'well and truly over'

The pullback in new home starts will be greater than the average 25 per cent decline seen across the past nine construction downturns since the mid-1970s.

Labor's 49pc tax rate to hit middle-income earners

Taxpayers earning between $130,000 and $160,000 today could be hit by Labor’s budget repair levy and 49 per cent top tax rate within four years as income growth pushes them into the top tax bracket.

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Business

'Frank and fearless'

'Frank and fearless'

James Shipton has defended Karen Chester's call for litigation against underperforming super funds after it was questioned at Senate estimates by Labor's Chris Ketter.

China's coal boat diplomacy likely to extend

China's coal boat diplomacy likely to extend

Australia's miners might need to wait until the June G20 meeting for a new government to seek peace in our coal times with China.

Rio Tinto set to 'crack the code' on cutting emissions

Rio Tinto set to 'crack the code' on cutting emissions

Jean-Sebastian Jacques tells the company's London AGM its joint venture with Alcoa and Apple has delivered results in the lab.

Wynn exit may bring others to Crown table

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.

Domino's comes to rescue of '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.

Wes who? Lynas workers on front line of takeover battle

Managing director Amanda Lacaze takes a swipe at spurned takeover suitor Wesfarmers.

NBN branded 'good-quality' as complaints plunge

The Telecommunications Industry Ombudsman says NBN Co is delivering a "good-quality service", after complaints against the broadband provider plummeted.

Markets

Why L1 Capital is betting on a Brexit bonanza

Why L1 Capital is betting on a Brexit bonanza

Where others see Brexit uncertainty, L1 Capital sees attractive rental yields, low vacancies and some great UK property deals.

Evans Dixon's NY-focused fund eyes sales to plug cash flow

Evans Dixon's NY-focused fund eyes sales to plug cash flow

The $430 million US Masters Residential Property Fund is looking to close the growing discount between its unit price and its net tangible asset.

RBA watching negative equity, arrears

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.

Mutual fund activism a new threat to management

The message from activism adviser Chris Young is that shareholder unrest has entered a new phase with once-placid mutual funds now prepared to lead the charge.

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.

Opinion

Property election will grab attention

Most Australians have always been extremely interested in the property market, far more so than in most societies. This election campaign is going to shift that up several notches, says Jennifer Hewett.

Approve Adani and end the age of activists

The continued delaying on approvals for the Carmichael mine is an embarrassment for Australia, and governments that have kowtowed to activists.

The AFR View

Editorial

The AFR View

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.

Chanticleer

Columnist

Chanticleer

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.

John Kehoe

Senior Reporter

John Kehoe
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Politics

Labor to rush tax changes

Labor to rush tax changes

Labor will reconvene Parliament quickly if it wins the election to try and legislate billions of dollars in tax changes by July.

Enterprise Bargaining failing the low paid: BCA

Enterprise Bargaining failing the low paid: BCA

The BCA has called for an overhaul of the enterprise bargaining system to ensure a better deal for low-paid workers -

Palaszczuk won't be bullied into approving Adani

Palaszczuk won't be bullied into approving Adani

Adani's $2 billion Carmichael mine will be front and centre of next month's election campaign.

Clive Palmer makes advertising great again

Clive Palmer's United Australia Party will throw $6 million at News Corporation for prime positioning in the final week of the federal election campaign.

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.

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World

Italian government forecasts stagnation this year

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.

Europe claims 'breakthrough' in trade talks with China

Europe claims 'breakthrough' in trade talks with China

Premier Li Keqiang's visit to Brussels ended with pledge to tackle Beijing's unfair state subsidies to Chinese companies.

EU set to delay Brexit until New Year's Eve

EU set to delay Brexit until New Year's Eve

The big question will be whether any conditions demanded by the EU will be palatable to British MPs.

Israel's Netanyahu secures election victory: Israeli TV

The Israeli Prime Minister has secured a record fifth term in office despite running neck-and-neck with his challenger Benny Gantz.

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.

Real Estate

Property confidence slumps to six-year low

Property confidence slumps to six-year low

'It’s a bad time to be making risky changes to negative gearing and capital gains tax policies', Property Council says.

Renting a house in Hobart more expensive than Melbourne

Renting a house in Hobart more expensive than Melbourne

A "quadruple whammy" of factors has seen house rents in Hobart overtake Melbourne.

The great home building downturn has started

The great home building downturn has started

Apartment construction contracts at fastest quarterly pace since first oil shock in 1973, official figures show.

Rooftop pools, private bars: 'The market is just starting'

Developer Tim Gurner sold $78 million-worth of apartments in 36 hours at his St Moritz project.

More private commercial lenders offering loans without pre-sales

Private lenders are cashing in quickly on the commercial lending sector that could soon be regulated.

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Personal Finance

Scourge of fees for no service lingers

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.

Melbourne vendors more willing to negotiate 

Melburnians appear more willing to negotiate the sale of their home after a failed auction than they were at the peak of the market.

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.

Technology

Biggest planned battery plant expects huge demand 

Biggest planned battery plant expects huge demand 

A feasibility study for a $2.1 billion battery plant to be built in Townsville is due to be finished in September.

Uber sets sights on raising $US10b 

Uber sets sights on raising $US10b 

Uber is aiming to raise $14 billion through its initial public offering next month, according to a person familiar with the matter.

AirTrunk to build Singapore centre

AirTrunk to build Singapore centre

The Singapore development is a big step in AirTrunk’s ambitious Asia-Pacific growth strategy.

Leadership

Coca-Cola Amatil boss Watkins gets $1m pay cut

Coca-Cola Amatil boss Watkins gets $1m pay cut

The pay of Alison Watkins fell to $4.1 million in 2018 after the bottler's profits dropped in Australia, Indonesia and PNG.

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.

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Lifestyle

Audi's A7 Sportback 55: No, it's not an SUV

Audi's A7 Sportback 55: No, it's not an SUV

Almost 60 per cent of Audis sold today are SUVs but this speedy, second-generation tourer elegantly bucks the trend.

Airbnb wins the battle for Australia's short-term rentals

Airbnb wins the battle for Australia's short-term rentals

The AirDNA report will come as a blow to HomeAway, which spent $220 million to enter the Australian market with the purchase of Stayz in 2013.

Australian Instagram artist takes NY, now for the art world

Australian Instagram artist takes NY, now for the art world

Brisbane architecture dropout Cj Hendry has used Instagram to prosper outside the established art world. Now she's looking for more mainstream recognition.

EatClub takes a bite out of the Big Apple

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.

    Winx sells out Royal Randwick

    Winx sells out Royal Randwick

    A capacity crowd of 42,000 will head to Sydney's Randwick on Saturday when Winx is scheduled to run her final race.

    Most Viewed

    1. Wynn shuts down Crown purchase talks citing premature disclosure

    2. Where's Lachlan? The Oz pulls off a $3b vanishing act

    3. RBA watching negative equity, arrears

    4. The charts that prove Australia's house price downturn really is big

    5. Why Packer, Murdoch, Lowy are sellers

    6. Negative gearing savings overstated by up to $8b

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