- Opinion
- Chanticleer
The genius in Gorman’s strategy
When Morgan Stanley chief executive James Gorman sat down with the Financial Review in Sydney there were five things on his mind – the Fed, the US economy, the presidential elections, Brexit and the US trade war. There was a sixth but it is unlikely to resonate with his colleagues.
George Frazis takes BoQ top job on $4.5m pay pack
Bank of Queensland has confirmed former Westpac executive George Frazis will take the reins as incoming boss, sticking to a pattern of selecting outsiders as chief executive.
- 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.
Qantas-American Airlines gain Trump approval
The Trump administration is set to overturn a ruling against a Qantas - American Airlines JV that anti-trust regulators say will hurt trans-Pacific competition.
- Live
- Markets Live
US crude enters bear market
Australian shares are set to firm at the open this morning although the energy sector is set to be heavy following a big slide in global oil prices.
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.
- 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.
Business
Citi kickstarts hiring spree
Citi Australia is ramping up its commercial banking arm with plans to hire 15 bankers before Christmas.
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.
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.
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.
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.
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.
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¢.
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.
US crude stocks surge unexpectedly: EIA
Crude inventories in the US rose 6.8 million barrels in the week to May 31, compared with analyst expectations for a decrease of 849,000 barrels.
What happened in markets before the bell
In New York, the energy sector fell 1.1 per cent, making it the only S&P 500 sector to close in the red.
- 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 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.
Contributor
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
Politics
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.
Morrison vows to heed editors' concerns
Prime Minister Scott Morrison has doubled down on his defence of the Federal Police after a second day of raids on journalists, but he promised to heed the chorus of concern and consider any proposals to revamp security laws.
- Analysis
- National security
Australia: world's most-secretive democracy
No other democracy holds as tight to its secrets and the ABC raid is the latest example of how far the Coalition goes to 'scare reporters into submission', writes Damien Cave of the NYTimes.
ABC raid puts bipartisan security support at risk
Labor has attacked the Morrison government for damaging press freedom after the Federal Police raided journalists for the second day running, suggesting continued bipartisanship on national security is a risk of fracturing.
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.
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World
Greece wants €377b for Nazi occupation
As the allied partners celebrate the 75th anniversary of D-Day, Athens is demanding Angela Merkel's government pay it reparations for the Nazi occupation.
Goldman Sachs sued by gay vice president claiming discrimination
William Littleton said he was excluded from a call because "he sounded too gay" and a supervisor once asked, "Do you act this way because you're gay?"
- 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.
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.
- 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.
Building insolvencies surge as housing turns
Building industry insolvencies have risen to a four-year high in NSW and are approaching historical highs nationally.
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.
Personal Finance
- Opinion
- Flat Chat
Scandals, scams and scurrilous acts – a high-rise history
Forced sales, proxy farming and sunset clawbacks are no longer, but they're a reminder that in property, there’s always another controversy around the corner.
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.
Technology
Facebook, Google unlikely to steal sports rights
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
Wellness and fashion set to ride high on legal cannabis
Beauty and fashion brands are hitching a ride on the skyrocketing cannabis bandwagon – predicted to be worth $63 billion within five years.
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.
