- Exclusive
- Interest rates
Easy money curbs central bank firepower
Morgan Stanley chief executive James Gorman has warned central banks that further cuts to official interest rates risk reducing their "firepower" to deal with an unforseen geopolitical crisis.
ANZ in damage control over deposit hit
ANZ Bank is in damage control after it whacked savers with interest rate cuts of 25 basis points on term deposits, despite only passing on 18 basis points of cuts to home owners on Tuesday.
Ex RBA deputy queries rate cut
Former Reserve Bank of Australia deputy governor Stephen Grenville has challenged the effectiveness of the RBA's inflation target and interest rate cut, as he warned that cheap borrowing costs distort housing and stock markets.
- Opinion
- Chanticleer
James Gorman on Trump, China and Brexit
Melbourne-born banker James Gorman is predicting Donald Trump will win the 2020 US presidential election as long as the US economy stays strong.
Treasurer sticks with tax cut fix
Josh Frydenberg has rejected calls by the RBA and business for broad scale policy reform and instead dialled up the pressure on Labor to pass his income tax cuts.
- Opinion
- Property prices
The bottom is in sight, but wait for the rebound
Let's not get ahead of ourselves. Sure, the house price slide is coming to an end. But a sharp rebound in general prices is unlikely, writes Robert Harley.
How to Prospa without profits, and other hot VC themes
Fake meat, the "broken" US health insurance system and valuing fintech disruptors were hot topics at a panel of venture capitalists at the Morgan Stanley Summit.
Business
Vocus turnaround was too risky for EQT
CEO Kevin Russell says Vocus "is not for sale" and he is making steady progress in turning the company's fortunes around.
Crooked corporate veteran wants jail time cut for wearing wire
Wayne Myers was heavy hitter on the corporate scene - and now he's trying to get out of jail quickly after turning informant.
WA tells Malaysian minister it won't budge on Lynas waste
Malaysian Environment Minister Yeo Bee Yin's visit to Perth next week appears pointless as the state digs in on low-level radioactive residue.
Australian regulators 'lead ' on climate risk supervision
Australia's financial regulators have attracted international praise for leading a global push to put climate risk at the centre of financial supervision.
Energy sector confidence shaken by trade wars: Worley CEO
Worley CEO Andrew Wood says energy customers are continuing to invest in new projects but are being cautious.
Woolworths rejigs stores as Coles shakes up milk supplies
Woolworths is changing its store operating model for the first time in 11 years to better serve customers seeking convenience and fresh foods.
Savers 'are getting zero': ANZ defends rate decision
ANZ chief executive Shayne Elliott said it was unfair to keep cutting depositor rates and penalising people who rely on interest income.
Markets
RBA a hostage to global forces as $A hits US70¢
"The Federal Reserve has really thrown a spanner in the works for other central banks," says IFM's Alex Joiner as the Australian dollar hits US70¢.
- Opinion
- Investing
How to invest at the razor's edge of innovation
Despite all the technological change around us, too few investors are prepared to invest in truly innovative industries, says ARK Invest's Catherine Wood.
Growth reliant on government spending and the price of iron ore
Easing consumption, falling dwelling investment and drought dragged down Australia's economic growth to just 0.4 per cent in the March quarter.
The Iconic eyes share of Global Fashion Group spoils
The Iconic is set to share the spoils as its European parent, Global Fashion Group, raises another $480 million ahead of a listing in Frankfurt.
- Analysis
- Bonds
The bond market may never return to 'normal'
The turnaround in interest rate markets in the past year has been stunning and definitive.
Opinion
The new economic D-Day
None of the D-Day anniversary celebrations in Britain can hide the depth of tensions in traditional alliances and the perception of new enemies being created.
Columnist
ScoMo must use poll reprieve to act on RBA advice
The only lasting way to drive economic growth and lift prosperity is to sharpen the incentives to work, save, invest and hire.
Editorial
James Gorman on Trump, China and Brexit
Melbourne-born banker James Gorman is predicting Donald Trump will win the 2020 US presidential election as long as the US economy stays strong.
Columnist
Reform demands aren't going to go away
If, or when, the government decides to go beyond its current agenda, it will at least have the imprimatur of the Reserve Bank, writes Phillip Coorey.
Political Editor
Politics
Frigate docked for two years due to a lack of sailors
Defence is failing to meet its recruitment targets while increased spending on a new fleet is putting a squeeze on the military budget, a new report warns.
Police raid ABC over leaked documents
Police are looking for leaked documents revealing allegations of misconduct including unlawful killings levelled against Special Forces soldiers in Afghanistan.
'Laws of physics' makes Pell's offence impossible
It was impossible for George Pell to have committed the offences, says his counsel. He might as well have been in New Zealand.
- Analysis
- Interest rates
ScoMo goes through the looking glass at Threadneedle Street
Fresh from the RBA's cut, the PM meets the Bank of England Governor who only last month signalled British rates were more likely to go up than down.
Religious freedom laws to fall short of conservative demands
During the election campaign Scott Morrison promised a new religious discrimination act. Conservatives are now likely to be disappointed.
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World
- Opinion
- Monetary policy
Fed would commit grave error by moving slowly: Summers
The Fed will soon make policy decisions as consequential as any it has made since the financial crisis and Great Recession of 2007-2008.
- Analysis
- Interest rates
ScoMo goes through the looking glass at Threadneedle Street
Fresh from the RBA's cut, the PM meets the Bank of England Governor who only last month signalled British rates were more likely to go up than down.
Most everything adds up to Boris Johnson as PM
The 11 candidates vying to lead the Tories are busily crunching numbers as the party changes the rules to narrow the field.
Queen Elizabeth and world leaders applaud D-Day veterans
The queen paid personal tribute to the veterans who took part in the vast invasion of France to end World War II, saying the whole free world thanked them.
Suddenly it's D-Day again
Extensive commemorations are being held in the UK and France this week to honour the nearly 160,000 troops who landed in Normandy on June 6, 1944 in history's biggest amphibious invasion.
Real Estate
Meriton Altitude apartment resold at 30pc below off-the-plan price
While the auction market has seen an early lift since the federal election, the apartment market is still in hard times.
Building insolvencies surge as housing turns: subbies want protection
'When the industry slows down, bad stuff is more likely to happen'
Oxford Properties makes inroads with Brisbane sell-down
Canada's Oxford Properties is reaping the rewards of its sell-down of property assets it inherited following its takeover of the $3.6 billion listed Investa Office Fund at the end of 2018.
Former Knight Frank director relaunches Stanton Hillier Park brand
In 2000, SHP, then under the helm of Maurice Pitard and with a national presence, was incorporated into DTZ Australia.
McGrath share price rises 30pc since the federal election
The lift in housing has sent everything into a new swing but there's caution ahead.
Personal Finance
When one of you wants to move from an SMSF to industry super fund
DIY super retirees are still interested in change while those with older pensions are paying more tax, writes John Wasiliev who answers your questions on super.
Westpac targets investors with rate cuts
Westpac is making a grab for new property investors and competitors' best borrowers.
Judge dumps pirate fund's bid to squash rebel vote
A battle for shareholder democracy or a waste of investor funds? A judge has quashed a fund's attempt to stop a rebel investor meeting taking place.
Technology
Facebook, Google unlikely to steal sports rights from TV: Marks
Nine boss Hugh Marks believes free-to-air and pay TV will remain at the core of sports rights contracts.
NetComm Wireless investors fight takeover bid
A small group of NetComm Wireless investors have joined forces to try and stop the $160 million acquisition by Casa Systems going ahead.
- Opinion
- Trade wars
Trump is right on Huawei
The president could make his case more effectively, but democracies shouldn't be dependent on dictators, writes William Hague.
Leadership
International students have the wrong idea about what employers want
Universities are not always giving overseas students a realistic view of the work place.
Training numbers collapse puts pressure on government
The minister could revive the sector by implementing the recent Joyce review.
Lifestyle
Live like royalty in London (for just $77,000 a night)
A year after a blaze ripped through the Mandarin Oriental Hyde Park, the reimagined hotel has risen from the ashes and is ready to impress.
Arkley interior set to kickstart auction season
A typically bright Howard Arkley painting of a living room is set to test the artist's record price when it kicks of the winter auction season at Menzies.
James Ellroy on time warps, his new novel and Trump
The author of LA Confidential and The Black Dahlia has many unconventional habits, including steering clear of all television, mobile phones and computers.
The Aussie couple behind London's most luxe label
From Cronulla to high couture: Tamara Ralph and Michael Russo are transforming fashion with an easy charm that’s a winner with A-listers, including Meghan Markle.
Carnival fined $28m after tipping rubbish in the ocean, again
In fining the world's largest cruise line company, the senior US district judge said: "If you all did not have the environment, you would have nothing to sell."
