Earnings, jobs key to ASX all-time high
Australian shares could top an all-time high this week if the Fed and RBA turn more dovish this week on the back of US earnings and employment figures.
Pressure on deeming if RBA cuts again
Seniors are worried they stand to lose again if the Reserve Bank cuts interest rates again, after the government announced a $150 million annual boost to pensions.
Deloitte, EY, KPMG, PwC fail audit quality test: UK
All of Britain’s leading accounting firms fail to hit quality targets with Grant Thornton and PwC singled out to join KPMG under tougher supervision.
- Investigation
- Investment banking
The inside story of the Deutsche decline
From the clash of cultures of a BT buyout to a failure to learn the lessons of the GFC, those on the inside describe the humbling of the once mighty bank.
What every apartment owner needs to know about defects
Too few people are accountable for the quality of building work, say the professionals who assess the scale of problems.
The week that shook Aussie investment banking
In a week that shook Australia's investment banking landscape, questions are being asked about how the deal-making industry will emerge.
- Exclusive
- Trump diplomacy
Uranium exporters winners as Trump dumps quota plan
Australia’s uranium export industry has dodged a bullet with Donald Trump set to reject calls for a "buy America" domestic quota.
Business
APRA too coy on TLAC motives
APRA chose a TLAC model that is different to its global regulatory peers, and it has not explained why.
Why the world is watching Australia and Rod Sims
The ACCC chairman is in the spotlight at a moment in history where governments are trying to figure out how to rein in a tech industry that has grown unchecked for many years.
Clean up your act ahead of open banking
Customer data can be much more readily shared once open banking comes in. You've got just under seven months to get yourself in the best financial shape.
ANZ hit by court claim over Kiwi Ponzi scheme
ANZ's woes in New Zealand have continued, with 200 investors taking High Court action over the collapse of a Ponzi scheme.
Lush estates vs struggle street: behind a controversial lender
ASIC is using new powers to target a short-term lending scheme – the backers include some who have seen their own financial struggles.
NAB, ANZ first to slash savings rates
Interest rates for savers have taken a big hit with ANZ and NAB slashing the ongoing savings rates for retail deposits.
Pressure mounts on ANZ to publish self-assessment
The Australian Shareholders Association has called for ANZ to release its self-assessment report, saying the bank's decision to be an outlier is not a good look.
Markets
Earnings, labour force key to ASX all-time high
Australian shares could top an all-time high this week if the Fed and RBA turn more dovish this week on the back of US earnings and employment figures.
Guidance in sharper focus as US reporting season begins
Amid continuing cautious expectations for US corporate profits, Bank of America Merrill Lynch will be listening ever more closely for managements' outlook.
Why it could be smart to fight the Fed this time
As evidence accumulates that economic growth may be slowing more rapidly than the Fed had expected, investors might want to reconsider whose side to be on in.
- Opinion
- Bonds
Prepare for tsunami of riskier bonds
APRA has given the big banks an almost impossible mission to find buyers for $86 billion of riskier Tier 2 debt, which unfortunately looks expensive right now, writes Christopher Joye
Wall St notches all-time highs on rate-cut optimism
The S&P 500 closed above the 3000 level for the first time, paced by industrial, consumer discretionary and materials sectors.
Opinion
One rule for politicians, and one for everyone else
Politicians leak secrets when it's useful to them. So what about their pursuit of journalists who do the same in the public's name, asks Laura Tingle.
Columnist
Prepare for a tsunami of riskier bonds
APRA has given the big banks an almost impossible mission to find buyers for $86 billion of riskier Tier 2 debt, which unfortunately looks expensive right now.
Columnist
Powerball drives Tabcorp's lottery surge
The historic $110 million Powerball jackpot next Thursday is a symbol of a the resurgence of Australia's sleepy lottery sector.
Columnist
The tense world of modern banking
Banks must somehow square easier lending with deeper regulation.
Editorial
Politics
Wyatt has 'every reason to be outraged': Marles
The deputy Labor leader and shadow defence minister has taken aim at the Prime Minister's approach to constitutional recognition of Indigenous peoples.
Pressure on deeming if RBA cuts again
Seniors are worried they stand to lose again if the Reserve Bank cuts interest rates again, after the government announced a $150 million annual boost to pensions.
Aussie householders are millionaires, on average
Average household wealth has passed the $1 million mark for the first time, with property prices and surging superannuation pushing wealth up more than 37 per cent compared with a decade ago.
PM slammed for a 'coloniser's mentality'
Prominent Indigenous leader Mick Dodson has blasted Scott Morrison for a "coloniser's'' mentality.
- Opinion
- Space
How we can shine in the next race to the moon
If there was an up and down in space, Australia would be on top of the Earth looking at the centre of the galaxy - perfectly placed for the next age of space exploration.
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World
Clashes erupt as Hong Kong protest targets Chinese traders
The weekend has brought more protests in what is is fast becoming a summer of unrest in the semi-autonomous territory.
FTC fine doesn't spell closure for Facebook
A $7.1 billion fine is bad enough, but of more concern to investors will be other restrictions and increased oversight.
- Opinion
- World election
Abe sails toward another electoral victory
Shinzo Abe's ruling coalition is expected to do well in looming mid-term elections but not well enough to close in on constitutional reform.
Huawei smartphone manufacturer dials down production
The one-year-old facility operated by a contract manufacturer in the central city of Changsha is a casualty of US trade restrictions.
Tropical storm Barry strikes Louisiana
Tens of thousands have been evacuated from the Louisiana coastline while National Guard troops were on standby for a storm that's gathering hurricane strength.
Real Estate
Crowds of buyers turn out in Sydney, Melbourne
The revival in home-buying demand across Sydney and Melbourne shows no signs of letting up although the key test for the market won't come until spring, which is expected to bring a surge in properties for sale.
Loss-making Rifa Salutary up for sale as drought bites
Accounts filed with ASIC show the company recorded a $12.4 million after-tax loss in the year to March 2019.
Cashed-up families drive up auction to $13.9m
"There are a number of producers with capacity to spend in the market and take on more land given the positive outlook for the market," says veteran rural agent Darryl Langton
- Exclusive
- Retail
Vicland's Bill McNee pays $80m for Toorak Rd Shops
The Toorak Village deal equates to a land rate of more than $30,000 per square metre.
Braving curbs, Chinese lead revival in Singapore's luxury homes
Some Chinese investors are apparently buying into these luxury homes in the city state as a safety bet against the US-China trade war.
Personal Finance
Crack-up: What every apartment owner needs to know about defects
Too few people are accountable for the quality of building work, say the professionals who assess the scale of problems.
Australia now has world's highest minimum wage
Workers on Australia's minimum wage can now afford more with that pay packet than minimum wage earners anywhere else in the world.
- Opinion
- Private equity
What to look for in private equity
Investments should be globally diversified across funds, strategies and, most importantly, vintages, writes Credit Suisse's Andrew McAuley.
Technology
FTC votes to approve $7.1 billion settlement with Facebook
The decision could end an investigation into the company's privacy practices, and could result in unprecedented federal oversight of the company.
It wasn't a cyber attack, Telstra says of five-hour failure
Telstra has blamed a surge in network traffic for its five-hour service outage on Thursday afternoon that cost retailers an estimated $100 million in lost trade.
Systems crash as Aussies rush for tax handout
Australians rushing to lodge tax returns for the increased refund are a possible cause of an ongoing outage to government online services through the myGov portal.
Leadership
Deloitte, EY, KPMG, PwC fail audit quality test: UK
All of Britain’s leading accounting firms fail to hit quality targets with Grant Thornton and PwC singled out to join KPMG under tougher supervision.
The burnout generation
Millennials entered the workforce with the idea that working 80 hours a week in any job was the path to success. The result is burnout.
Lifestyle
Gay, pansexual, nonbinary or just queer?
The language around gender is getting more complex and even members of the broader community can't agree on the terminology.
Can you really count your way to good health?
Wellbeing by numbers is not necessarily the right way to get the best out of life.
Abbey Road a weight to carry for Aussie rock supergroup
It's a brave band that takes on the Beatles' complex 1969 swansong, but members of Jet, Powderfinger, Spiderbait and You Am I have 'Come Together' to pay tribute.
The Third Wife - a conspicuously beautiful film
This costume drama proved so contentious in Vietnam that it was pulled after only four days but it's a delicate, beautifully shot story of sex, power and marriage in 19th century Vietnam.
I was a diva for decades. Now I cringe at the memory
There are few things more attractive than someone who is good at something, doing it in absolute full knowledge of how good they are at it and revelling in the fact.
