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Bankers face a new world of woe

Bankers face a new world of woe

Bankers who survived the Hayne royal commission have found that fresh ordeals await them now in the form of ultra-low interest rates.

APRA adds 14pc to borrower firepower

APRA adds 14pc to borrower firepower

The economy is poised to receive a triple whammy of policy stimulus in a single week following a second consecutive rate cut, passage of the federal government’s $158 billion tax plan and the removal of a key handbrake on home lending.

Trade surplus, tax cuts tonic tipped

Trade surplus, tax cuts tonic tipped

There is more good news than bad in this week's conflicting economic signals, with policy stimulus underwriting that optimism among economists.

Corporate regulator defends Goldsky action

The corporate regulator says it acted in a 'relatively speedy' manner to shut down Goldsky, an alleged ponzi scheme.

Morgans quietly 'settles' 60 spats with disgruntled clients

Claims have been settled without any admission of liability, many subject to non-disclosure.

Big jump in early tax returns as refund rush begins

The ATO has encouraged taxpayers to hold off lodging their annual tax return, as many employers have until July 31 to finalise employee income statements. 

EY and Pyne: Whatever were they thinking?

Both the newly hatched consultant and his employer insist it's a great match, but plenty of others disagree.

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Business

Navitas CEO forced out by BGH Capital's Ben Gray

Navitas CEO forced out by BGH Capital's Ben Gray

BGH Capital's Ben Gray has replaced the CEO and CFO of education provider Navitas and installed the founder's son Scott Jones on his first day in control of the company.

Eclipx takes big haircut in $60m Grays Online sale

Eclipx takes big haircut in $60m Grays Online sale

The sale of Grays Online ends one part of a sorry tale for fleet management group Eclipx which has a new team in the driver's seat.

Why Frequent Flyer changes are key to Qantas’ future

Why Frequent Flyer changes are key to Qantas’ future

Points junkees - from corporate CEOs to apprentice plumbers - work to hack the Qantas Frequent Flyer program.

Woke Woolies to test investors' ESG credibility

Woke Woolies to test investors' ESG credibility

The supermarket giant is putting greater distance between its groceries and pokies interests, but investors can't agree where the chain of accountability ends.

Broking bad: warnings of an advisory wipeout

Questions are being raised about why one of Australia's biggest stockbrokers did not disclose internal warnings about problems with a Brisbane branch to clients.

Forrest sees long life at FMG's Eliwana

Fortescue's chairman Andrew Forrest says the higher grade Eliwana iron ore is a turning point for the company.

Woodside doubles down on hydrogen future in $40 million partnership

Woodside CEO Peter Coleman says the company has to look beyond gas to a cleaner energy future.

Markets

Is the world on the brink of recession?

Is the world on the brink of recession?

Investors need to be realistic about the risks as well as the opportunities offered by low and falling rates.

OceanaGold stung by fresh sovereign risk in Philippines

OceanaGold stung by fresh sovereign risk in Philippines

Shares in the gold miner slumped almost 12 per cent after its Didipio mine faced fresh disruptions.

ASX within 80 pts of all-time high

ASX within 80 pts of all-time high

Australian shares are trading firmly higher through the afternoon and are within 80 basis points of an all-time high.

    Energy sector seen pacing S&P 500 still higher

    A forecast surge in the share prices of energy companies is expected to pace the S&P 500 ever higher over the next 12 months, according to FactSet.

    Volatility pushes ASX cash trades up almost 25pc

    Trade tensions and the federal election have helped boost the number of trades made on cash markets by 23 per cent for the last financial year - but the average value of trades fell.

    Opinion

    Why the FOMO rally is on fire

    That punters are scrambling to grab whatever yield they can before it disappears is another reminder that it pays to be contrarian in a one-sided market, writes Christopher Joye.

    How Hanson was sidelined in tax cut deal

    While One Nation watched from the sidelines, two senators helped secure Scott Morrison's biggest policy of this entire term.

    Phillip Coorey

    Political Editor

    Phillip Coorey

    The catch in Lowe's infrastructure call

    Philip Lowe is calling on the government to borrow more and spend more on productive infrastructure. But can Sydney and Melbourne really fit in any more projects?

    Tax victory that sets us in the right direction

    Now the Morrison government must turn to defending its surplus plans and reforming the rest of the tax system.

    The AFR View

    Editorial

    The AFR View
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    Politics

    How the government saves money at pensioners' expense

    How the government saves money at pensioners' expense

    Rates used to calculate income support have not been adjusted to reflect record low fixed income.

    Voters want policy and political stability

    Voters want policy and political stability

    A sense of relief and a desire for stability are the key takeouts from a post-election survey.

    The end of bracket creep is bad news for accountants

    The end of bracket creep is bad news for accountants

    The Morrison government's $158 billion income tax victory ends "bracket creep" for 94 per cent of people and means less tax-planning work for accountants.

    Senate delivers $158b tax cut triumph

    The re-elected Morrison government has scored a major victory with the passage of its $158 billion income tax cut package but is on a collision course with the gas industry.

    Labor begins federal election post mortem

    Former South Australian premier Jay Weatherill and Rudd-Gillard government cabinet minister Craig Emerson will lead a review into Labor's shock election loss.

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    World

    Might reigns victorious on Trump's Independence Day

    Might reigns victorious on Trump's Independence Day

    What Donald Trump said was not the point. His message was in the spectacle, the display of military hardware, and in defying history and his detractors.

    Billionaire coal baron dies in Bahamas crash

    Billionaire coal baron dies in Bahamas crash

    American coal tycoon Christopher Cline was killed in a helicopter crash in the Bahamas that also claimed the lives of six other people.

    Fear fills the fragrant harbour

    Fear fills the fragrant harbour

    Hong Kong is at a tipping point as frustrations over the government's handling of protests rise.

    Trump celebrates US military in July 4 salute

    The celebrations with military flyovers weren't without controversy; $4 million of park money was diverted, and in the end, it rained on Trump's parade.

      What, me worry? MAD magazine departs after 67 years

      Alfred E. Neuman, the instantly recognisable mascot of MAD magazine, will only be available in comic shops and through mail to subscribers using previously published material.

      Real Estate

      Botany Bay Council certified Mascot Towers for occupation

      Botany Bay Council certified Mascot Towers for occupation

      Greens MP David Shoebridge, Labor MP John Graham and Shooters, Fishers and Farmers leader Robert Borsak also called for a new building inquiry.

      Aveo sticks with Brookfield in takeover talks

      Aveo sticks with Brookfield in takeover talks

      Aveo is holding talks with Canada's Brookfield as the preferred party to take over its retirement village business.

      Vancouver June home sales drop below 10-year average

      Vancouver June home sales drop below 10-year average

      June home sales in the Pacific port fell to the lowest since the turn of the century as the median home price fell under $C1 million for the first time in two years.

      Werdigers take control of CBD assets in family deal

      Melbourne's wealthy Werdigers have taken full control of a three-asset CBD portfolio, worth close to $900m in total, after buying out their cousins, the Ledermans.

      PDG in fresh deal with Melbourne city hall

      PDG Corporation has struck a deal with the City of Melbourne to deliver a $200 million project that could become build-to-rent-style housing.

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      Personal Finance

      How cuts save this 30-year-old over $10,000

      How cuts save this 30-year-old over $10,000

      A former Uber driver turned mortgage broker, who owns six properties, intends to put the extra cash into his business.

      Regulator sniffing for illegal insurance commissions

      Why are some insurers seemingly winning a disproportionate amount of insurance customers from certain car dealers?

      Renewed push to scrap $3b in fees for under 25s

      The Morrison government has resumed its push to ban default life insurance inside superannuation for people aged under 25 and low-balance accounts to save members about $3 billion a year.

      Technology

      Here's a phone to feed your growing addiction

      Here's a phone to feed your growing addiction

      LG's new V50 ThinQ 5G phone has a dual screen mode that's not nearly as stupid as it sounds.

      'Incredible' growth in hybrids from 'tiny' start: Toyota

      'Incredible' growth in hybrids from 'tiny' start: Toyota

      Toyota sees a healthy market ahead for hybrid cars in Australia as price and charging infrastructure hinder take-up of pure electric vehicles.

      Samsung stands by its phones

      Samsung stands by its phones

      The ACCC says Samsung misled customers when it advertised its phones being used at the beach or at the pool.

      Leadership

      Kate Bosworth puts her money where her mouth is

      Kate Bosworth puts her money where her mouth is

      The actress, in Sydney this week, looks back on 20 years in Hollywood – and towards a bold new future as an activist.

      Why women lawyers quit the partnership track

      Where do all the women go on the way to partner? Danny Gilbert has a theory which he says could get him into trouble.

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      Lifestyle

      'I am pregnant, and nothing seems real'

      'I am pregnant, and nothing seems real'

      All the clucky young women I knew are wavering, writes Sarah Walker. When we were 20, we never thought we’d be this poor, this tired, this scared before children.

      Why some men want to use facial recognition technology on porn actors

      Why some men want to use facial recognition technology on porn actors

      A program that cross-references faces in porn videos with social media profile pictures is questionable, not just morally but because facial recognition software has long been fraught territory.

      On Amazon the book you order isn't always the one you get

      On Amazon the book you order isn't always the one you get

      Writers groups such as the Authors Guild, say counterfeiting of books has surged thanks to Amazon's lawlessness.

      After an 'overcrowded' Everest season, two climbers seek a new route

      After an 'overcrowded' Everest season, two climbers seek a new route

      It has been 10 years since a new path up Everest was established and experts put the chance of success at one in five – at best.

      How Lee Iacocca created the celebrity CEO, for better or worse

      How Lee Iacocca created the celebrity CEO, for better or worse

      People care about the comings and goings of chief executives in a way they never did before Lee Iacocca.

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