Rate cut sets up ASX for record high
This week's rate cut, the first in almost three years, has lit a fire under the ASX; investors are looking at the sectors that could take it to a record high.
ANZ takes a hard lesson in interest rate game theory
While ANZ copped a bucketful this week, shareholders said the bank's decision to protect margins would hold it in good stead.
- Opinion
- National security
Ministers are supposed to be in charge
Government ministers have been at pains to insist the raids had nothing to do with them. Except it has everything to do with them, if they oversee a regime that thinks such behaviour is acceptable, writes Laura Tingle.
Jefferies raids CLSA for Australian equities business
Almost 30 bankers from CLSA resigned en masse on Friday to join Jefferies' new Australian venture.
'Check your airbags': Investors brace for creative destruction
The world of financial markets has grown only more extreme since the global financial crisis. How did we get here and what happens next?
Ita Buttrose is no patsy. She's a journo's journo
The new ABC chair's strident defence of the profession was a breath of fresh air.
Judge rules out Palmer's private resort prosecution
Clive Palmer has stumbled in an attempt to privately prosecute people for alleged Corporations Act breaches.
Business
The rise and rise of the risk officers
Chief risk officers at Australian banks have become some of the most powerful executives in banking - but what do they actually do?
Rinehart seeks green light on new iron ore mine
Hancock Prospecting-owned Atlas Iron revives Corunna Downs project amid price spike.
Banks slash savers' rates and term deposits
Banks are cutting rates for savers by more than double the RBA's 25 basis point reduction in cash rates.
New PNG cabinet puts Oil Search and UBS on notice
PNG's new Prime Minister James Marape has unveiled a surprisingly bold cabinet to focus on a $20 billion LNG deal and corruption.
Tough new Queensland solar laws could jeopardise projects
Queensland's push to have 50 per cent renewable energy by 2030 could be at risk due to tough new solar installation laws.
Deliveroo, Menulog take bites from Uber Eats
Deliveroo has taken a major bite out of dominant rival Uber Eats in the growing $2.6 billion food delivery market.
NAB's bill for overcharging home loan customers tops $8m
The issue dates back to 2010 and affects more than 6500 home loan customers who set up a mortgage offset account with NAB.
Markets
Markets point to even odds of a cut at RBA's Darwin meeting
Market pricing suggests roughly 50 per cent chance of a cut when the RBA meets next month in Darwin for the first time, but economists think August more likely.
Dovish central banks rescue ASX from sell-off
Australian shares recovered from a sell-off on Monday to close the week higher as the RBA and other global central banks turned dovish.
- Opinion
- Monetary policy
This is why Australia's macroeconomic policies need a shakeup. Fast
Cutting interest rates in Australia without any other bold policy actions won't achieve much in the short term and will, in the medium term, lead to the dilemmas faced by the central banks already in the zero interest rate club, writes Warwick McKibbin.
Rate cut sets up ASX for record high
This week's rate cut, the first in almost three years, has lit a fire under the ASX; investors are looking at the sectors that could take it to a record high.
Miners, banks light fire under ASX
Australian shares closed 1 per cent higher on Friday, with Marley Spoon soaring after Woolworths bought a 9 per cent stake in the business.
Opinion
Sirtex settlement leaves double-digit growth mystery
The class action against Sirtex over guidance provided in 2016 may have changed the way ASX companies provide profit guidance.
Columnist
Why banks won't pass on future RBA cuts
Everyone understands that as the RBA’s cash rate approaches zero, it hurts the banks’ net interest margins. But Blind Freddy could see that you pass on the first cut as a pure public relations exercise and protect margins thereafter, writes Christopher Joye.
Columnist
Media raids show national security laws being abused
Apart from the assault on press freedom, this week's events could actually jeopardise national security.
Political Editor
AFP on the rampage
Scott Morrison wasn't expecting the eruption of problems stemming from the AFP's heavy handed raids on journalists - but it's something he has to deal with, sensibly.
Columnist
Politics
Queensland facing budget headache after Bill Shorten loss
Queensland Treasurer Jackie Trad said she needed to keep spending on infrastructure and services to kickstart the economy.
New mega-union fit for 'precarious world of late capitalism'
A powerful new union is on the verge of being created, with one senior official saying it will "open up the horizon of radical change".
Ita Buttrose slams AFP media raids
ABC chair Ita Buttrose has expressed grave concerns to the federal government about Australian Federal Police raids on journalists and the public broadcaster.
Scott Morrison gets a $10,000 pay rise on top of his $538,460
The independent Remuneration Tribunal said in giving federal MPs a 2 per cent pay rise, it had taken into account economic restraint and lower wage growth.
Frydenberg to flesh out growth plan
The Treasurer says the federal government is prepared to expand its economic policy agenda beyond the measures it took to the election.
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World
- Analysis
- Foreign relations
US-China tech war overshadows meat pie diplomacy
The Morrison government faces a tough balancing act if it wants to avoid getting caught in the crossfire of the Sino-US trade war and the fallout over Huawei.
Mexico offers border troops deal to avoid US tariffs
Mexican officials have pledged to deploy up to 6000 National Guard troops to the border with Guatemala amid efforts to head off Donald Trump's threat of tariffs starting on Monday.
JPMorgan's London Whale saga ends quietly
JPMorgan Chase & Co has formally put to rest a particularly embarrassing chapter in its history: the so-called London Whale trading debacle.
Trump honours D-Day sacrifices, with some legacies unspoken
There was lingering incongruity as Donald Trump, having denigrated the EU and NATO, extolled perhaps the greatest demonstration of US commitment to a free and peaceful Europe.
- News
- World War II
99-year-old Omaha Beach veteran has a message: 'Freedom isn't free'
"I just prayed for it to stop. I had never been in something that bad,"
Real Estate
Vicinity's regional malls take a hit in value
Improved valuations at Vicinity Centre's trophy assets, such as Chadstone shopping centre, have not fully offset falling values in its regional malls.
Chatswood's Zenith Centre sets new price record
A set of two office buildings in Sydney’s north shore suburb of Chatswood has set a new benchmark in commercial property after selling for a record price for an office building outside of the CBD.
No end to housing construction downturn
The housing construction industry has proved largely immune to recent good news rewriting expectations for a sooner-than-expected pickup in the residential market.
- Exclusive
- Leasing
McGrath to move from long-time Edgecliff HQ
ASX-listed McGrath is leaving its long-time head office in Edgecliff in Sydney's eastern suburbs and heading to inner-city Pyrmont.
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.
Personal Finance
Accountants' tax time warning: lodge early at your peril
Taxpayers who move quickly to file their annual return with the ATO risk extra complexity in 2019.
Buy, hold, sell: IRESS, Netwealth, Ansell
Jeremy Hook from TMS Capital talks with Sam Granger from Totus Capital and Jun Bei Liu from Tribeca about stocks with good margins and returns.
Boats, racehorses, planes and 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.
Technology
Jack Ma interview makes AFR journo famous
After an interview with Alibaba's Jack Ma, correspondent Michael Smith discovered fame and the power of social media for businesses in China.
- Opinion
- Streaming
A eulogy for iTunes, the app that changed everything
iTunes was a core piece of what I call the Middle Internet – the period between the Wild West days of Napster and the hypercentralised era of Facebook and YouTube.
How road tech will help you commute
Transurban technology boss Lisa Tobin dreams of the day when vehicles will communicate with each other as well as the roads they use.
Leadership
- Opinion
- Leadership lessons
How directors are fighting the culture wars
Policing and protecting company values is a key mission for directors in a post-Hayne world. Here's how they are doing it.
Men take home 70pc of Order of Australia honours
Since the Order of Australia was established in 1975, men have dominated the national honours, prompting calls for corporate bosses to do better.
Lifestyle
From SA premier to olive oil maker
Mike Rann, one of the ALP's most successful politicians, offers tips on winning elections, retiring from politics and reinventing yourself.
Meet the most powerful Australian in fashion
'InStyle' editor Laura Brown is in charge of America's highest-selling fashion magazine and may soon become the most powerful person in fashion – full stop.
The curse of being a child genius
Gifted children are viewed with awe and assumed to be guaranteed prosperity and success, but they have a dark side - and do not necessarily shine as adults.
- Opinion
- Gadgets
Apple's controversial $1430 monitor stand isn't what it seems
Sorry, Apple's controversial computer-screen stand isn't a rip-off — it's a missed opportunity. Here's why.
Rising Aussie star charges into semi-finals
Queenslander Ash Barty has become the first Australian woman to reach the French Open semi-finals since Sam Stosur, dispatching American heavyweight Madison Keys.
