Will UBS lose its mojo without 'the A-team'?
As news rippled through the market about the pending departure of one of the nation's top deal makers, many are asking will UBS lose its mojo when boss Matthew Grounds, and his right-hand man Guy Fowler leave?
Stockbroking legend Jim Bain saddened by Deutsche's slide
Jim Bain thought Deutsche Bank was the perfect buyer for the firm he founded, expressing disappointment at its retreat from equities.
Purple patch for property syndicates, unlisted funds
Small investors are flooding into unlisted funds and syndicates in search of an income return that is welcome relief in a low-yielding market.
- Opinion
- Chanticleer
Mobile risk to NBN plan
NBN faces a medium term threat to its business model from mobile network operators because of the high cost of its wholesale access charges. This adds to the problems facing communications minister Paul Fletcher.
S&P 500 tops 3000 after Powell raises rate cut hopes
Shares rose as Federal Reserve chairman Jerome Powell said that overall growth had "moderated", boosting hopes of an interest rate cut later this month.
- Exclusive
- Papua New Guinea
Son of ex PNG PM lives in $13m Sydney home
As investigators examine Peter O'Neill's time as prime minister of PNG, his son is living in Australia's most expensive street.
Victoria heads for summer blackouts as energy policy lacking
Two power station failures have increased the likelihood of electricity shortages and extreme prices next summer and industrial users are unnerved.
Business
ACCC declares war on telco advertising
The regulator has in its sights ads that overstate what is possible on specific plans and those that create a false urgency for customers.
Woolies 'aggressive' strategies damaging relationships: UBS
Woolworths is at risk of losing the support of suppliers to Coles because of its "aggressive" tactics to mitigate price rises, according to a new UBS report.
Retail Food Group disclosure under scrutiny
The corporate regulator and the stock exchange are looking at whether Retail Food Group should have disclosed a $160 million refinancing proposal.
S&P upgrades outlook for big four
S&P Global Ratings has upgraded its outlook for local banks following the regulator's announced changes to capital requirements.
'$100m in excess fees': NAB's wealth arm faces class action
NAB-owned MLC Super Fund trustee NULIS Nominees faces a class action over excess fees allegedly charged to clients.
DP World strike expected to cost industry $10m
Industry predicts a four-day strike at Melbourne will cost the shipping sector millions of dollars and efforts to mitigate it are "unsustainable".
Metcash board beefs up retail expertise
The food, liquor and hardware wholesaler has added 60 years of retail experience to its board with the appointments of Peter Birtles and Wai Tang.
Markets
Deutsche Bank shows how ultra low rates can hurt
Deutsche Bank's woes are a reminder of how very low interest rates can decimate bank profits.
Dacian pleases investors by avoiding equity raising
The troubled gold producer believes it can make ends meet with a more conservative mine plan
Chinese steel mills 'won't bring down iron ore price'
Credit Suisse says Chinese steel makers' frustration with rising iron ore price is understandable, but supply problems will persist.
- Analysis
- Investing
Singapore sends an alert to the investing world
Temasek is bringing a six-year-old doomsday idea back into vogue: secular stagnation.
ASX ends higher on mixed day for banks
Australian shares rose on Wednesday as APRA's new capital requirements drew mixed reactions from the major banks.
Opinion
Women’s sport is at a tipping point
After decades of mostly being considered sideline acts at best, female sporting champions are finally becoming more used to regularly making headlines themselves.
Columnist
Why retail property is under pressure
The real problem with retail property goes to the heart of the two components that underpin commercial property valuations: income and price, writes Robert Harley.
Contributor
Does diplomacy still work in Trump's world?
The US president is once again rewriting the rules, but Australia may have less to worry about than Britain, write AFR correspondents Jacob Greber and Hans van Leeuwen.
Afterpay's next growth challenge
A lack of competition has helped Afterpay in Australia, but it won't be the same in the US, where innovation will be key. But when is the right time to change a successful model?
Columnist
Politics
Why the infrastructure boom can't last
Growth in spending on infrastructure construction may shrink faster than expected, while the deepening residential construction downturn will be sharper but shorter than Treasury expects.
Angus Taylor 'can't avoid the states forever'
The federal energy minister has been accused of avoiding a state demand to reduce emissions in national energy policy by refusing to meet with the states.
Indigenous referendum in three years
The proposal will also include the so-called voice to Parliament to give the nation's first people's greater say in government decision making.
Backbenchers rebel against 12pc super
Liberal party backbenchers hope the government's retirement income review will be an opportunity to nix the scheduled increase in the superannuation guarantee.
The Indigenous voice to Parliament explained
The public will be asked to vote in an historic national referendum on the recognition of Indigenous people within the next three years. Here's the key questions about the Indigenous voice to Parliament answered.
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World
British ambassador to US quits after spat over leaked memos
The row has the British government and diplomats reeling, and feeds the growing Brexit tensions in the Tory leadership contest.
Hong Kong protests fuel pro-democracy push ahead of elections
Emboldened by the public support in efforts to overturn extradition laws, Hong Kong's students are on a mission to lift voter turnout at upcoming local government elections.
America's new redneck rebellion
West Virginia is ground zero for American populism but now, amid deep anger against rigged capitalism, both major parties are on the nose.
- Opinion
- Trump's White House
Does diplomacy still work in Trump's world?
The US president is once again rewriting the rules, but Australia may have less to worry about than Britain, write AFR correspondents Jacob Greber and Hans van Leeuwen.
EU fines Hello Kitty owner $9 million in antitrust ruling
EU authorities fined the Japanese company behind Hello Kitty for restricting cross-border online sales of toys, mugs, bags and other products.
Real Estate
- Exclusive
- Property development
Cromwell enters build-to-rent with $350m tower at 700 Collins Street
The new plans will turn 13 floors into 13,000 square metres of new A-grade office space and build 265 apartments.
- Exclusive
- Property development
Steller funder Atlas Advisors repossesses 16 properties
The properties, over which Atlas holds a first mortgage, include St Kilda's Greyhound Hotel which Steller was to develop into apartments.
Sydney pub sales rake in $21m
In the bigger of the two deals, an invetment syndicate headed by recently formed Tilley & Wills Co has bought the leasehold to the Criterion Hotel in the Sydney CBD for about $15m.
Vacancy rates ease in Sydney, Melbourne as business outlook wavers
"The short-term outlook for the Australian economy has softened over the past six months."
Super funds missing out on 'huge' student housing opportunity
Since launching quietly in 2016 the Brisbane-based developer has become one of the country's biggest players in the burgeoning sector.
Personal Finance
The worst of the property downturn is over
Regulators say there has been a stabilisation of Sydney and Melbourne real estate markets and the slowdown in housing loans has levelled off.
ASIC rejects responsible lending criticisms
The corporate regulator has pushed back against claims that its enforcement of responsible lending laws is making it harder for banks to approve loans, acknowleding that credit flow is important to the economy.
- Opinion
- Life insurance
Big Super's insurance gravy train must be ground to a halt
Multiple reports have found compulsory life insurance works for the industry, not ordinary Australians. The government plans to fix it.
Technology
Huawei says it's here to stay
The world's second-largest mobile phone maker said it was increasing its headcount in Australia, and still planned to launch new models of all its phones, with or without the Android operating system.
- Exclusive
- Space
Wanted: Australian mining know-how for space missions
Australian resources industry giants such as BHP and Rio Tinto could one day play a crucial role in NASA's Mars mission, building and operating mines on the Moon to extract rocket fuel for interplanetary travel.
Trax takes digital tools into bricks and mortar stores
Retail technology company Trax is taking digital tools such as image recognition and AI into supermarkets.
Leadership
'Listen to us': Sorry isn't enough say young people
Young Aboriginal and Torres Strait Islander students expressed their hopes and reservations about the push for Indigenous constitutional recognition.
From butcher to bank executive
This year's BOSS Young Executives come from a diverse range of backgrounds.
Lifestyle
Couture gets serious – thanks to a triumvirate of women
Monochrome colours, strict silhouettes and sobriety were the order of the day in Paris. Thank goodness, then, for Valentino.
Downsizers shed dazzling prints
These accessible forms of art have become appreciated in their own right.
Egypt calls in cops to track down King Tut sculpture
Egypt has asked Interpol to help track down a sculpture of Tutankhamun that was sold at auction last week.
Family to part with Titanic survivor's light-up cane
This 'unprecedented artifact' of the maritime disaster could fetch $700,000.
You can now rent a private island on Airbnb
A new portfolio of 2000 homes includes villas in Tuscany, ski lodges in New Zealand and castles in France.
