Trump may be gearing up for a currency war
President Trump has already unleashed a global trade war. As he prepares for his White House rerun, there are signs he's gearing up for a currency war too.
- Opinion
- Chanticleer
Caltex can't shake off volatility
Three profit downgrades this year by fuel refiner and convenience store group Caltex will have implications for its dividend.
RBA makes the case for more interest rate cuts
Governor Philip Lowe has argued for more interest rate cuts in a speech today, saying it was "unrealistic to expect that lowering interest rates by 0.25 of a percentage point will materially shift the path we look to be on".
Qantas hits business frequent flyers in loyalty revamp
Qantas has increased by up to 13pc the number of points needed to redeem a business or first class seat, for the first time in 15 years. But it will add 30pc more premium seats and offer lifetime Platinum status.
- Exclusive
- Home loans
Westpac jumps gun, lowers APRA buffers
Westpac pitches for new business by increasing borrowing firepower for home buyers ahead of an announcement from the regulator.
- Live
- Markets Live
CBA expect July rate cut
Australian shares are trading slightly higher through the afternoon as the prospect of a July rate cut increases.
The sectors most hit from a China slowdown
The central bank has modelled three potential scenarios in its latest bulletin on how a shock slowdown in the Chinese economy could work its way through to Australia.
Business
Can this car salesman save shopping malls?
AP Eagers boss Martin Ward wants to change the crazy economics of the car dealership sector. In doing so, he might throw shopping centre owners a lifeline too.
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.
Santos sees $3b Narrabri coal seam gas approval by year end
Santos chief executive Kevin Gallagher has signalled a gas reservation system would be no problem for the Narrabri gas project.
Bank of Queensland CFO to leave in October
Analysts are raising the prospect of new bank boss George Frazis engaging in a 'deck clearing' exercise.
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.
LNG revenues at risk as pricing reviews loom
The pressure is on for price cuts in LNG sales contracts after a huge gap has opened up between the slumping spot price.
Wattle Health tests patience with ambitious plans
The infant formula group has never been short on ambition but an 80 per cent slide in its share price since early 2018 is a worry.
Markets
Why Australia is falling behind on productivity
Sluggish wage and productivity growth is being exacerbated by Australian businesses falling behind global peers in embracing disruptive technologies, according to a top government economist.
- Opinion
- IPO
Slack poised to join cloud valuations soaring into thin air
Slack Technologies couldn't have picked a better time to go public. Investors have lost their minds about software companies.
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.
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".
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.
Opinion
Caltex can't shake off volatility
Three profit downgrades this year by fuel refiner and convenience store group Caltex will have implications for its dividend.
Columnist
Fed right to stand firm as 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.
United States Correspondent
Can this car salesman save the shopping mall?
AP Eagers boss Martin Ward wants to change the crazy economics of the car dealership sector. In doing so, he might throw shopping-centre owners a lifeline too.
Columnist
Privatisation still best
Even union-friendly industry super funds are calling for asset recycling 2.0
Editorial
Politics
Setka's deputy quits over 'personal values'
Shaun Reardon, the CFMEU Victorian assistant secretary, has resigned due to "irreconcilable differences" with his boss.
Labor election promises would have boosted budget by $17.3b
Labor's election promises would have improved the surplus, according to the Parliamentary Budget Office, but questions remain about its negative gearing policy.
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.
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World
- Analysis
- Protest
How Hong Kong defied Xi Jinping
The Chinese leader has been given a ‘bloody nose’ by protesters. What he does next will help define the future of the so-called 'one country, two systems' co-existence.
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'.
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.
- Opinion
- Property prices
Why the property recovery will be subdued
The structural forces weighing on a housing recovery are very powerful indeed, write Richard Yetsenga and Felicity Emmett.
- 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.
Personal Finance
When a capital gains tax reset can help offset SMSF gains
The capital gains tax relief put in place two years ago is still raising interesting issues, writes John Wasiliev, who answers your questions on superannuation.
- 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.
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
- Opinion
Banning hate never works out as we expect
All of us need to get better at old-fashioned persuasion, and less reliant on third-party authorities to make the bad people go away.
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.
Lifestyle
Dodgy incentives make for bad science
A system in which journals publish mainly just the exciting results is a problem, writes Jason Murphy in a new book.
Fake chicken hits Coles shelves
New Zealand company Sunfed has invented a plant-based alternative to chicken.
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.
Qantas shake-up for frequent flyers
After years of criticism for its tough-love approach to rewarding frequent flyers with the seats they want when they want them, Qantas says it has listened.
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.
