Corporate culture is broken: ASIC shrink
The psychologist sent by ASIC into the boardrooms of blue chip companies such as AMP, and Qantas warns the culture of our financial sector is broken.
Bell Potter reminds Afterpay investors of 'commitment'
It seems Bell Potter is trying to strong arm its advisers and their clients to help out one of the broker's biggest bets, Afterpay.
- Opinion
- Monetary policy
Fed right to stand firm while trade tensions fester
The Fed chairman’s press conference showed he’s not about to pre-emptively cut interest rates ahead of this month’s Group of 20 meeting between Trump and Xi in Japan.
- Live
- Markets Live
Caltex wipes 20pc on profit warning
Australian shares are trading slightly higher at the open despite Caltex shares weighing heavily following a 20 per cent share price fall.
Asian investors pump up Macquarie's $9.8b fund
The financial services giant's sixth European infrastructure fund was oversubscribed and, at €6 billion ($9.8 billion), is its biggest yet.
Fed sees clouds ahead, holds rates
While holding fast to a generally positive view of the US economy's future, Fed policymakers also said "uncertainties about this outlook have increased".
- Opinion
- Chanticleer
Facebook's currency warrants scepticism
Facebook could well rule the world of privately issued currencies but it has many hurdles to get over.
Business
Caltex profit to slump as refining barely breaks even
The petrol and diesel supplier has warned of a sharp drop in profit in both key parts of its business.
Dixon ties to local US politicians questioned
Dixon Advisory says the $US485,000 renovation of the Jersey City mayor's house followed due and proper process.
Bankers reckon with 'serious threat' of Facebook
The peak body for the payments industry says bank investment in real-time payments will help them repel Facebook - but bankers are unsure.
Kelaher says APRA backed IOOF compo plan
Former IOOF chief executive Chris Kelaher says APRA backed management plan to remediate super fund members using the fund's own reserves.
Facebook faces financial regulation triple whammy
Facebook's Calibra wallet may require regulation by ASIC, APRA and the RBA, but the three bodies are at odds over how to protect users of digital money.
Rate cuts won't ease CEOs' world of worry
Uncertainty from globalisation, automation and red tape is halting extra capital spending by businesses and more RBA rate cuts won't help.
- Opinion
- Mining
New freight fuel rules give edge to Australian iron ore
A greener global shipping fleet will expand Australian iron ore's freight advantage over biggest competitor Brazil
Markets
Rio Tinto pares Pilbara iron ore guidance
Rio Tinto said the downgrade reflects mine operational challenges, particularly in the Greater Brockman hub in the Pilbara.
Easing trade concerns send ASX soaring
Australian shares surged towards an all time high on Wednesday as trade tensions between the US and China showed their first signs of easing in several weeks.
Fundies give Facebook's Libra a cautious tick
Facebook's plan for a currency and a digital wallet to put it in could be a first step in monetising its popular messaging platforms, say some fund managers.
What happened in markets before the bell
Shares on Wall Street turned higher; yields on US government securities dropped.
- Opinion
- Shares
A 100-year history of the Aussie sharemarket
The fact that Aussie stocks are trading at almost exactly their 80-year averages is one of a number of intriguing findings from a new RBA research report.
Opinion
Privatisation still best
Even union-friendly industry super funds are calling for asset recycling 2.0
Editorial
Facebook's Libra will be a regulator's picnic
Having being burned by Big Tech's monopolistic tendencies, regulators won't allow Facebook's Libra to launch without checks and balances. Facebook’s 2020 launch goal is silly.
Columnist
Can Facebook be trusted with Libra?
Facebook's shift into financial services is jaw-dropping in its audacity. It will be a long road to convince regulators to back its finance play.
Senior Reporter
The Facebook challenge to banks and regulators
Facebook's new coin could disrupt commercial banks and central banks alike. But it is hard to argue with the convenience it might offer consumers.
Editorial
Politics
Dutton eyes High Court challenge to medevac ruling
The Home Affairs Minister said the Federal Court ruling was a test of Anthony Albanese's leadership over border protection.
- Exclusive
- Infrastructure boom
States urged to sell $220b in public assets rather than increase debt
Industry superannuation funds are interested in the next round of public asset sales.
Gas brawl over top end tax cuts
Moves by the government to lower gas prices could secure the passage of its income tax cut program.
The 1pc pay triple the tax of average earners
A person earning $200,000 will pay more than $600,000 in income tax over the next decade, more than triple a worker earning $80,000, a new analysis shows.
CFMEU gives 'full support' to Setka
The national construction division says John Setka's leadership is a matter for members, defying ACTU calls for him to step down over harassment charges.
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World
The top 10 US CEOs, as ranked by employees
No.1 CEO Patrick Gelsinger was able to avoid a formal merger. In doing so, he shielded equity held by VMware employees.
UK Tory race down to 4 with Boris way out front
Rory Stewart, an upstart who said he'd push to get Theresa May's Brexit deal passed in Parliament, is out. Boris Johnson will face off one of three contenders.
The world now has 3 people worth more than $US100b each
LVMH chairman Bernard Arnault became a centibillionaire as the luxury brand's shares hit a record. His fortune now equals more than 3 per cent of France’s economy.
Khashoggi's murder premeditated, UN says
The UN releases a horrific account of Jamal Khashoggi's murder in the Saudi consulate, including doctors discussing dismembering the 'sacrificial animal'.
Four face murder charges in downing of MH17 airliner
Almost five years after 298 people died when Malaysia Airlines flight MH17 was shot down over Ukraine, prosecutors are laying murder charges on four men.
Real Estate
The clifftop packed with rich listers
Some of the country's richest people - property developers, IT entrepreneurs and the old-school business elite - have all flocked to this Mornington Peninsula clifftop.
- Exclusive
- Property development
Mascot Towers plagued with defects since 2011
Developers of the tower next door, Aland Developments, say they also discovered existing defects in Mascot Towers.
Woolworths, Ganim family sells Cambridge Tavern
Iris Capital, which last month bought Manly's landmark Steyne Hotel for $65 million, acquired the Cambridge Tavern that is operated by Woolworths-backed ALH Group.
Oxford sells more than $1b in office towers
Oxford Properties' ambitious plan to offload $1.8 billion of assets from the former Investa Office Fund has gone more quickly than expected.
- Exclusive
- Renewables
Morris Iemma is coming for your rooftops
The former NSW premier Morris Iemma has thrown his hat into the burgeoning rooftop solar energy ring.
Personal Finance
- Opinion
- Sharemarket
Strong order book bolsters BAE Systems' line of defence
Share price falls in a world-class operator whose industry has high barriers to entry justifies another look at its investment case, argues Fat Prophets.
ABA, brokers meet over new rules to combat financial abuse
The meeting comes as CBA and ANZ say they too will require brokers to certify they are not aware of any financial abuse when making loans.
Hostplus targets SMSF market
In what Hostplus says is an Australian first, SMSFs will be able to buy into unlisted infrastructure and property holdings, which are usually difficult to access by retail investors.
Technology
'Healthy tension': NBN Co gears up for telco price talks
NBN Co will release its wholesale pricing review consultation paper to telecommunications providers such as Telstra, Optus, Vodafone Hutchison Australia, Vocus Group and TPG Telecom.
- Opinion
- Cryptocurrencies
Facebook’s Libra coin is a symptom of banks’ flaws
There are good reasons to remain wary of Facebook, but a digital shake-up of banking is long overdue.
Bravura tries to prompt GBST to open up its books
Bravura has increased its non-binding indicative offer for GBST, valuing the company at $185 million.
Leadership
Early education delivered $4.74b payday
One year of investment in early childhood education yielded $4.74 billion in benefits associated with wages growth, productivity and social health, according to a PwC report.
NSW to focus on literacy and numeracy targets
The NSW education minister says that does not mean money will be taken away from schools that are failing.
Lifestyle
On country with the artists of the Kimberley
Nichola Dare is putting in the miles to authentically represent the creators of the Aboriginal artworks in her Sydney gallery.
Forgotten painting surfaces at Bonhams
The final work in Ian Fairweather's four seasons series has resurfaced for the first time since it was purchased in 1974.
French billionaire acquires Sotheby’s for $5.4b
French-Israeli telecommunications entrepreneur Patrick Drahi's purchase returns the only publicly traded major auction house to private ownership after 31 years on the New York Stock Exchange.
Gut medicine explained (and the top 10 gut foods)
Our microbiome is now touted as the root of good health. Are faecal transplants and home-testing kits the answer?
- Opinion
- Cricket World Cup
This is the world's best cricket contest
India versus Pakistan ensures a spectacle unlike any other.
