Melco to buy 20pc stake in Crown Resorts
James Packer has sold 20 per cent of Crown Resorts to his former partner Lawrence Ho's Melco Resorts & Entertainment - a deal worth $1.76 billion.
Australia's 10 wealthiest people revealed
The 2019 Rich List is one full of records: 91 billionaires, average wealth of $1.7 billion, and a cut-off of $472 million - $85 million higher than last year.
Low rates an untrustworthy markets gauge: Douglass
Star stock picker Hamish Douglass says they may be going cheap if rates remain low.
Malaysia to let Lynas continue running rare earths plant
Malaysian Prime Minister Mahathir Mohamad comments have removed uncertainty hanging over Lynas.
Another data breach hits Landmark White: firm blames sabotage
It's unclear how lenders, which suspended the firm last time around, will respond to the latest breach.
- Opinion
- Federal election
Surprise victory faces its real test
Scott Morrison has won government but he now has to win the economic and political challenge of governing, writes Jennifer Hewett.
Shorten lashes vested interests for cruelling his election bid
Former Labor leader Bill Shorten has blamed "corporate leviathans" and elements of the media for cruelling his chances of election victory in a farewell address to MPs.
Rich List 2019
Out tomorrow: The definitive list of Australia's wealthiest people, now in its 37th year.
See our latest coverageRich List 2019
How the moguls are playing property
Today's property markets are presenting challenges for some but for these Rich Listers, opportunities abound.
New billionaire Justin Hemmes' empire of escapism
The Rich Lister used his parents' support to achieve billionaire status for the family by turning prime Sydney venues into entertainment wonderlands.
Gerry Harvey's secret to playing tennis in your 70s
The Harvey Norman chairman shows that age hasn't put a dent in his competitive drive.
Meet Australia's newest Rich Listers
Many of the record number of 22 debutants represent fortunes being made very quickly.
- Exclusive
- Property development
'Rates could be zero', it won't help, says Rich Lister
Property developer Tim Gurner insists cutting interest rates will not boost the housing market, saying the real issue is access to debt.
Business
We must head off anti-fossil fuel sentiment: industry
Shifting views among younger generations are at odds with oil and gas industry. Industry participants are aware that this poses a significant risk.
Insurance lobby 'open' to a cap on broker commissions
The Insurance Council says it is open to a cap on broker commissions if it means avoiding a ban on conflicted remuneration.
Vassie calls for Victoria gold royalty reduction
Funding public transport in cities with gold royalties from regional areas would not escape the attention of rural voters, says the mining boss.
Jetstar ordered to pay $2m over no-refund claims
The Federal Court's decision represents the latest coup for the consumer watchdog, which has chased Qantas, Tiger, and Virgin over their refund policies also.
ResMed appoints India boss with eye to untapped markets
The medical device company aims to expand into high-growth areas, including China, India, Eastern Europe, Brazil and Southeast Asia.
- Exclusive
- Gas crisis
Looming gas shortfall top of mind for Exxon
The US group's new head in Australia, Nathan Fay, has offered a rare insight into the thinking behind a potential LNG import terminal in Victoria.
Farming boss says boys' club has had its day
NFF president Fiona Simson has the backing of agribusiness bosses to promote women in the industry - but they say quotas are not the answer.
Markets
Recession fears wipe ASX election gains
Australian shares slid for a second day to a post-election low as the heightened risk of a US recession sparked another sell-off.
Three Fed cuts on the radar as curve inversion deepens
US Fed funds futures show that the market is pricing in about three central-bank cuts by the end of next year.
BoJ board member warns against 'reckless' easing
Makoto Sakurai on Thursday warned against "recklessly" ramping up stimulus just to prop up prices, blaming soft inflation on structural factors that were positive for the economy.
Costa plummets as ASX tumbles
Australian shares closed at a post-election low on Thursday after recession fears sparked a sell-off and Costa Group wiped more than a quarter of its value.
The trade war is making it pricey to fatten up China's fish
US President Donald Trump's decision to blacklist Huawei Technologies is making it more expensive to feed China's massive aquaculture industry.
Opinion
Our growth stocks are world's most expensive
Fund managers who have rightly shunned Australian growth stocks as too expensive are being punished.
Columnist
Defiant Taylor says 'accept our policies'
Angus Taylor has a simple response to calls for a national energy and climate change policy. He has one. Here it is.
Columnist
Friction as Labor fights over the spoils of defeat
Factionalism inside the Labor Party is not all bad, but there are times when is plain dumb.
Political Editor
Don't let iron ore prices underwrite complacency
Australia's pay packet just got another boost. The Morrison government must not allowed to feed into the national complacency.
Editorial
Politics
Coalition to fast track farm protection laws
New Agriculture Minister Bridget McKenzie backs live sheep shipments to the Middle East and lashes out at "agri-terrorists"
Porter flags 'improvements' to IR system
The new IR minister has said the government will focus on improving the "efficiency" of the workplace system, highlighting issues with enterprise agreements.
Husic promises to stay vocal as tech sector laments his demotion
Ed Husic's removal from shadow cabinet has been met by dismay from the tech and start-up sector, which viewed him as "head and shoulders" above other politicians.
Calls for review of proposed tax changes
Tax experts say the re-elected Morrison government should simply outline its priorities for changes to the tax system, ditching plans they won't put to Parliament.
Why wage stagnation didn't help Labor
Labor suffered from the public's declining confidence in the government's ability to improve household finances and from flaws in its platform, experts say.
SPONSORED
World
Scholars taken aback by Mueller's reasoning
Legal experts expressed surprise at special counsel Robert Mueller's argument that Justice department policy and issues of fairness prevented him from assessing whether President Trump broke the law.
Mahathir backs Huawei in rare public rebuke of US
Malaysia's Prime Minister came out in support of the Chinese technology giant blacklisted by the US amid claims the group aids Beijing in espionage.
Mexico seeks arrest of former CEO of Pemex state oil company
Mexico's new president, Andres Manuel López Obrador, says he's cracking down on corruption, chasing a trail of bribes in a $US475 billion acquisition.
New PNG PM pledges to 'take back economy' from foreigners
James Marape easily won a parliamentary leadership vote on Thursday and is promising to take PNG in a new direction.
Mueller's message flummoxes a divided America
Special counsel Robert Mueller has finally spoken but in words so opaque they resembled a political Rorschach test, writes Peter Baker in Washington.
Real Estate
No joy yet for housing construction as approvals sink
While the picture may be changing for house prices, dwelling construction remains subdued.
Expect house prices to rise in 2020: Capital Economics
The housing downturn will rebound early next year with property prices to rise by 3 per cent in 2020 and another 5 per cent in 2021, Capital Economics has forecast.
Super funds won't invest in build-to-rent until it hits 20,000 units
Australian build-to-rent is in particular need of private capital support because it doesn't have government assistance as in the UK and US.
Build-to-rent looms large in Mirvac's next wave
Chief executive Susan Lloyd-Hurwitz said a $750 million capital raising will set Mirvac up for a fresh cycle of development.
'Confidence is returning to the market'
Buying activity is stirring again in the housing market amid fears prices will start to rise following a Coalition win..
Personal Finance
- Opinion
- Sharemarket
Air-conditioning giant set to grow with climate change
An increasingly warmer climate is underpinning demand for Deakin's air-conditioning products, and in regions where incomes are also rising.
Lenders slash rates as confidence in revival grows
NAB, Westpac, ING are aggresively responding to the prospect of a rate cut and signs the property market is improving.
How to deal with a spouse's inherited pension
The $1.6 million transfer balance cap continues to be an issue for readers, writes John Wasiliev, who answers your questions about superannuation.
Technology
While you're sleeping, your iPhone stays busy tracking
In a single week, Washington Post journalist Geoffrey A. Fowler encountered over 5,400 trackers, mostly in apps, spewing data from his iPhone. Some of which were passing on personally identifiable information.
Biomechanics, faster pitching and big questions for baseball
With more strikeouts and a lot less running between bases, baseball purists say the game ain't what it used to be.
Gmail gets the Snapchat treatment
Gmail users rejoice - a new feature can make emails disappear and stop recipients from forwarding, copying, downloading or printing emails.
Leadership
- Opinion
- University
University justice stacked against men
Australian universities are starting to investigate and adjudicate allegations of sexual abuse on campus, removing normal legal protections available to young men, writes Bettina Arndt.
Small businesses turn to automated bots to bulk up 'workforce'
Talk about AI and automation often focuses on fears of jobs losses, but smaller businesses are using the tech to give them the capability of their larger peers.
Lifestyle
The piano man with the $100m hands
Known as 'the J.Lo of piano' for his youthful bravado, concert pianist Lang Lang is coming to Australian shores in June and July.
War of the YouTubers
It is being billed as the greatest scandal in YouTube's history and it was all over a $60 bottle of hair vitamins.
Streetwear still hot, influencers not
A survey of 49,000 streetwear enthusiasts suggests that the influence of influencers has been wildly overstated.
Ferrari unveils new hybrid supercar
The SF90 Stradale has three electric motors and a V8 turbo combustion engine, giving it the highest power output of any 8-cylinder in Ferrari history.
Vision in poetry on Venice's Grand Canal
The historical Ca' Sagredo Hotel has embraced the shock of the new to powerful effect for the Biennale.
