Boats, racehorses, planes, art in ATO sights
The Tax Office is extending efforts to track down undisclosed wealth by looking into the financial affairs using insurance policies for high-end items.
Trump says no deal yet with Mexico
Straining to stave off threatened US tariffs, Mexican and American officials claimed progress in White House talks. However, President Donald Trump declared it was "not nearly enough".
ASX gains for a third straight session
Australian shares advanced again on Thursday, with modest gains seen across the board.
The 2 minutes that sent a chill down the spine of Pell's prosecutors
Justice Mark Weinberg revealed in a two-minute exchange his concern Pell's own "impossible" defence, may have misled the jury to answer the wrong question.
AUSTRAC probing Afterpay
Afterpay shares were trading 3 per cent lower on Thursday afternoon after the buy now, pay later firm revealed it was in talks with the regulator about potential breaches of anti-money laundering laws.
- Analysis
- Trade wars
Beijing threatens a new front in trade war
China believes its near-monopoly on rare earths gives it leverage over the US but supply cuts would spur rival producers.
Rio drilling adds to hype over its copper find
Mining giant Rio Tinto is a step closer to a decision on where its Winu copper-gold discovery fits in the big picture.
Business
Oil Search warning to new PNG prime minister
CEO Peter Botten said any move to renegotiate PNG's $20 billion LNG expansion will see it slip down the queue of global projects.
TechnologyOne reveals its new app arsenal
TechnologyOne is introducing a suite of apps to its range of enterprise resource planning software products, as it repositions itself as a platform.
- Opinion
- Federal election
Business needs to 'mind the gap'
Big business is increasingly divorced from the concerns of its customers – and hard-nosed economic reform that will improve the real world, writes John Roskam.
- Opinion
- Chanticleer
The genius in Gorman's strategy
There were five things on the mind of the Morgan Stanley chief when he sat down with the Financial Review – the Fed, the US economy, the US elections, Brexit and the trade war. There was a sixth but it is unlikely to resonate with his colleagues.
House prices to start rising 'modestly' in 2020
Property prices will start rising "modestly" next year after a downturn made housing in Sydney and Melbourne the most affordable in years, an ANZ/CoreLogic report shows.
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.
Rich Lister to build $300m meat plant
Thomas Foods has constant overtures from investment bankers trying to convince the firm to list on the ASX, but the CEO's answer is no.
Markets
- Live
- Markets Live
Wisetech rises as ASX closes higher
Australian shares closed higher for a third straight session on Thursday with strong gains from the technology stocks and REITs.
China steps up vigilance on disclosures as market opens to world
China's stock exchanges have stepped up scrutiny of listed companies to address corporate governance concern, amid a push to further open up the nation's capital markets.
Banking heavyweights warn markets on rate cut expectations
Chairman of Swiss bank UBS Group Axel Weber, and Goldman Sachs Group president John Waldron have warned traders to rein in their expectations.
Wall Street broker conflict rules approved by divided SEC
Wall Street's main overseer approved new conflict-of-interest rules for brokers that drew criticism from investor advocates for being too lax.
- Opinion
- Food
Investors need not fear Beijing's baby formula ambitions
It is one thing for China to restrict computer games and mobile networks. But the authorities cannot force parents to feed their babies on milk they fear may be poisoned.
Opinion
George Frazis set to shake up BoQ
Bank of Queensland must recognise banking's future is all about mobility and personalisation, says its incoming CEO, the former Westpac consumer banking head.
Columnist
Business needs to 'mind the gap'
Big business is increasingly divorced from the concerns of its customers – and hard-nosed economic reform that will improve the real world, writes John Roskam.
Columnist
Australians flock to ESG as debt investors follow
Australians are world leaders in environmental, social and governance equity investing, but now the debt market is finally following.
Columnist
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
Politics
ATO involved in 12 fraud cases in global probe
The Australian Tax Office is working on more than 10 major tax fraud investigations cases in an international collaboration with five governments that is also targeting a global bank for assisting clients in tax evasion.
Folau launches religious discrimination claim
The rugby star says he is standing up for the religious freedoms and rights of all Australians.
'Hollow' words from PM on press freedom, Labor says
Government facing a firestorm of demands to protect journalists after police raids on media cause local and global outrage.
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.
SPONSORED
World
Lagarde warns of trade war’s ‘self-inflicted wounds’
The International Monetary Fund chief said the group’s economists believe the recently-imposed tariffs by the US and China would cut global growth by 0.3 per cent next year.
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.
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.
Fiat Chrysler withdraws $US35b merger offer for Renault
The company said on Thursday it was withdrawing its $US35 billion merger offer, blaming French politics for scuttling what would have been a landmark deal.
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?"
Real Estate
- 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.
Meriton Altitude apartment resold at 23pc 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
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
There's now a trade war ETF you can invest in
M-CAM International’s new product will trade under ‘TWAR’. The fund will buy companies that have government contracts.
New $100 dome-shaped coin worth $2795 already
The Royal Australian Mint has announced a collectable series to celebrate 50 years since the moon landing, including coins shaped like the Parkes telescope.
- 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.
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
- Opinion
- Managing
How to present to the board for the first time
Experienced directors share their four tips to ensure your boardroom debut is a success. Finding out executives' 'hot buttons or interests' is one.
Meet the women on a mission to end gaslighting
The subtle form of psychological abuse known as gaslighting is hard to identify and rarely talked about. These women want to change that.
Lifestyle
How hidden sugar lurks in 'healthy' modern diets
Mixed messages on the amount of sugar in food are confusing people, but one thing is clear: its consumption is still far above safe limits.
A mere $15m will buy your own Whitsunday resort
Price expectations this time round are understood to be in excess of $15 million for the eight-hectare Long Island Resort.
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.
