Morrison tax plan needs $40b spending cut
The government would need to cut spending by $40 billion a year by 2030 to afford its big personal income tax cuts and deliver on its budget surplus forecasts.
Over 60pc of Sydney buyers better off renting
Sydneysiders are more often than not better off renting rather than buying a home and investing that money elsewhere, a new study finds.
Industry funds to dominate at $2trn within 10 years
New analysis shows industry superannuation funds will grow at twice the rate of retail funds over the next decade and AustralianSuper has a virtually unassailable market lead.
ASX to open down as Goldman, Citi weigh on US markets
Australian shares are set to open lower as underwhelming quarterly results from US banks weighed on Wall Street.
- Exclusive
- Federal election
Labor flags start-up R&D reprieve
Shadow Innovation Minister Kim Carr said Labor will help start-ups that lost R&D incentives, but will avoid Malcolm Turnbull's tech-centric innovation strategy.
- Opinion
- Chanticleer
ASX weathers revolt over CHESS
The ASX will respond in writing to the criticism of its replacement program for the 25-year-old CHESS clearing and settlement system.
China warns Huawei ban will undermine trade
Beijing says Australia should not discriminate against Chinese companies.
Business
ReadyTech gets yellow light for ASX listing
While education and HR technology company ReadyTech is limping towards an ASX listing on Wednesday, it will cross the finish line.
- Exclusive
- Hayne fallout
AMP's reputation gets smashed
Following the Hayne inquiry, AMP has fallen the furthest in the Reputation Institute's annual ranking and now sits with the big four banks among the worst performers.
The deal maker with a passion for helping others
Former Colonial boss remembered for acquisitions and charity work.
SocietyOne, Judo CEOs warn on Hayne credit squeeze
SocietyOne's CEO says good customers are being penalised by regulatory overreach, but Judo's CEO says banks, rather than the regulators, are to blame.
Chevron-Anadarko deal to stiffen LNG competition
The mega-merger may have implications for Australia's LNG exporters and has brought M&A fever back into the petroleum sector.
Worries build over Victorian electricity default offer
Retailers are warning that the benefits to flow to a few customers from a regulated price may be outweighed by harm to many others.
Tony Shepherd says LTAP full steam ahead on GrainCorp
Tony Shepherd, one of the key players behind Long Term Asset Partners, says his group is still ''deeply engaged'' with GrainCorp.
Markets
Goldman shares drop as revenue slides
The bank, once considered a black box of profits, offered investors more details about its sweeping operational overhaul.
Woolworths' green bonds trade strongly in after-market
'Green' bonds sold by Woolworths are trading strongly in the secondary market as bankers expect more deals to follow.
Mnuchin: Fed independence is globally important
US Treasury Secretary Steven Mnuchin was asked about a tweet by Donald Trump attacking the Federal Reserve.
Banks avoid across-the-board rate cuts
The banks are unlikely to reverse the rate hikes they blamed on narrowing margins, even as their funding costs fall to their lowest levels in more than a year.
Another warning is flashing on Asia's 11pc market rally
The MSCI Asia Pacific Index's 11 per cent rally this year – adding about $US4 trillion in value – has already attracted scepticism.
Opinion
China ups the political pressure on Australia
The China story affects much broader choices for Australia in terms of future investment patterns, technology developments, national security strategy and political tolerance of differences. You just won't hear much about it in the election campaign
Columnist
Australia must not take the European road
Labor's high-taxing, high-cost, low-ambition European model is wrong for a frontier economy with all the promise of Asia in front of it
Editorial
Desperate times for savers
More than a decade after global central banks began systematically depressing rates, the hunt for yield is more intense than ever.
Columnist
Electric cars are good news for copper miners
Given the rise of renewable energy and of electric vehicles, US copper demand is expected to grow by multiples over the coming decade and beyond.
Columnist
Politics
Labor's pathology boost for cancer sufferers
Labor says it will spend $200 million to boost pathology services for the elderly and people diagnosed with cancer.
- Exclusive
- Federal election
Crossbenchers don't like Shorten's tax plan
Crossbenchers have a log of demands in case of a hung Parliament and at least four, including Zali Steggall, Rob Oakeshott and Kerryn Phelps, don't like Labor's tax plans.
Gladys Liu may be the antidote the Liberal Party needs
Gladys Liu and Labor rival Jennifer Yang have made history as the first Asian women to be nominated by the major parties to go head-to-head federally.
- Analysis
- Federal election
There's a slim chance for company tax cuts
Should the Coalition defy the polls and win on May 18, it will inherit a more business-friendly Senate crossbench.
'Two class tax system can't go on'
Labor's Chris Bowen said excess franking rebates were "reverse means tested" because the more shares you owned the bigger your refund.
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World
Mueller report likely to be released on Thursday
The report that's been two years in the making could offer new revelations that damage Donald Trump - or bolster his claims of exoneration.
Victoria on the guest list for Xi Jinping's Belt and Road party
Premier Daniel Andrews will attend Xi Jinping's Belt and Road party next week, but the election means federal ministers have an excuse to dodge the event.
US waters down demands on China, say sources
US negotiators have tempered demands that China curb industrial subsidies as a condition for a trade deal after strong resistance from Beijing, according to two sources briefed on discussions.
- Analysis
- Innovation
The $US18b electric-car bubble at risk of bursting in China
There are now 486 EV manufacturers registered in China, more than triple the number from two years ago.
A fairytale finish as Tiger Woods completes redemption
It was a day that even as little as a year ago would have seemed unthinkable. Tiger Woods, the billionaire golfer undone by lurid sex scandals, a drug arrest and back injuries, had spent a decade in the wilderness.
Real Estate
Good news for Sydney - housing affordability is up more than anywhere
Moody's spots a silver lining in the 10.7pc decline in housing prices in the NSW capital.
Perth couple 'downsizes' into $4m, 6-bedroom house
There's a fierce battle under way in Perth's Claremont for homes that wealthy Baby Boomers can future-proof.
Fund manager Centuria steps into affordable housing
Centuria Capital is using some of the $137 million it collected selling out of Propertylink to invest in affordable housing development.
Griffith's The Area Hotel sold to local publican for $8m
The sale follows a number of regional NSW pub deals with Dubbo’sAmaroo Hotel changing hands for $9.1m, the Ophir Tavern in Orange for $6.2m and the Belmore Hotel in Maitland for $8.8m.
'Cheap as chips': Sellers' 20pc slash
Weekend property sales were boosted as sellers in inner Sydney and Melbourne cut prices by up to 20 per cent to seal deals in sluggish markets.
Personal Finance
Citigroup to refund $3 million after ASIC investigation
Citigroup will refund $3 million to 114 customers, after an ASIC investigation found the bank's financial advisers had overstepped the limits of general advice.
- Opinion
- Start-ups
Why super start-up Spaceship was always going to struggle
Launching a new start-up in the super space is hard work: high risk, tightly regulated and capital intensive ... and most target customers don't care.
- Opinion
- Pay
The worst thing we can do for the low paid in Australia
The proposal for a "living wage" will make the unions happy. But it will do nothing to help the most vulnerable people in the workforce, writes Adrian Blundell-Wignall.
Technology
- Opinion
- Telecommunications
No 5G, no NBN but Huawei dials up its phone presence
As Huawei races with Samsung to be the world's number one phone maker, its most interesting phone may turn out not to matter.
Australia's Huawei ban shaky at WTO
Australian government is facing a possible challenge at the World Trade Organisation over its decision to ban Chinese companies from its 5G networks, after China made an informal complaint at a meeting on Friday.
Afterpay CEO says bring it on
The arrival of Sezzle and QuadPay in the US market isn't likely to slow Afterpay's growth there, says Nick Molnar.
Leadership
- Analysis
- Income tax
The hidden sting in Labor's tax plans
New independent analysis shows average tax rates for high income earners will substantially increase under Labor.
IFM pays $493,000 to settle harassment case
Former London-based IFM analyst Nathalie Abildgaard has received a big payout from investment group IFM without having to sign a confidentiality agreement.
Lifestyle
Rethinking Pink: how a classic menswear brand is transforming
After almost two decades of franchising and discounting under LVMH, Pink Shirtwear has a new chief executive and designer – and plans to do things "properly".
HBO at a crossroads as Game of Thrones ends
With the juggernaut TV drama entering its final, wildly anticipated season, what comes next for one of the most distinctive brands in television?
Woods' unforgettable moment opens a new chapter
Tiger Woods' comeback was unreal not because of how he played, which was splendidly, but because of the road - once paved smoothly, now marked with potholes - he took there.
- Exclusive
- Funding
Agtech in the money to fight waste with maggots and robots
An agriculture tech start-up has raised funds from VCs and Atlassian's Mike Cannon-Brookes for an ambitious plan to use robotics and data to tackle food waste.
The man who fathered contemporary design art
London dealer David Gill started out selling classic collectibles. Then he realised tomorrow's masterpieces are created today.
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NAB bid to stop meltdown in mortgage broker business
Alan Joyce disciplined Alison Webster, then she resigned
21 drinks you're probably mispronouncing when you order them
'Cheap as chips': Sellers slash prices 20pc
Alex Turnbull's plan to 'destroy' News Corp's political influence
Eagle Boys founder snubbed by Retail Food Group
