Labor says PM playing politics on national security, drought
Labor is poised to support establishing a drought fund but will demand changes to controversial anti-terror powers.
Whose side are you on?
Up close, wedge politics is a transparent and clumsy exercise. Out in the real world, it has proven effective among those who have a passing interest at best in politics. Morrison's quiet Australians, writes Philip Coorey.
APRA holds ground on veto power and ambushes
APRA says it is taking Graeme Samuel's recommendations seriously but will be unable to perform them all without some big changes.
- Opinion
- Interest rates
Markets doubt RBA can achieve its jobs target
Fixed income traders reckon the cash rate will average below 1 per cent over the coming five years, suggesting easier policy will not bring inflation back.
PM using 'weasel words' on 12pc super promise: Labor
"Scott Morrison refused twice today to guarantee the government won’t ... cut workers’ retirement incomes," shadow treasurer Jim Chalmers said.
Faulty wires could spark the next cladding crisis
Home owners afraid of losing value in their homes had mostly ignored the recall of dodgy "Infinity cables".
The FAANGs are looking long in the tooth
Netflix's disappointing results representative of a bigger shift than mere seasonality: the longer-term decline in the US technology companies.
Business
Flexigroup's buy now pay later platform is Humming
Flexigroup shares jumped after the company signed up another 12 major retailers to buy now pay later platform Humm.
Chance of property price 'rebound' is low
Tight lender credit and low sales volumes mean a strong housing recovery remains unlikely, even as prices have stabilised and sales increased, according to Morgan Stanley.
- Opinion
- Chanticleer
Why Japan Inc likes Australia
Japan Inc is on a long-term path toward lifting its international exposure to strong cash flow businesses in mature economies like Australia.
FIRB to consider tax impact of Asahi's $16b CUB acquisition
The Japanese brewer's $16 billion acquisition of Carlton & United Breweries will be closely scrutinised by the FIRB.
'That's what lawyers are for': Clive Palmer rebuked by judge
Billionaire Queensland businessman Clive Palmer has been told by a judge that if he wanted to represent himself in court, he needed to turn up every day. "Directors of companies usually engage lawyers so they don't waste the time of the court."
- Opinion
- Banking royal commission
Hayne breaks silence to back Samuel APRA verdict
Kenneth Hayne has added to the concern at Wayne Byres' attitude, smacked of a tin ear to some of the criticisms made about the regulator in Graeme Samuel's capability review, writes Adele Ferguson.
Has AMP hit rock bottom?
Investors hate uncertainty and the big question mark over the sale of AMP's life insurance business has triggered a torrent of rumours. But are the fears overdone?
Markets
- Opinion
- Managed funds
A golden era for active fund managers is coming
The average investor might conclude the age of active is over. However, more informed investors understand nothing could be further from the truth.
ASX dips as Fed downplays aggressive cut
Australian shares slid lower on Monday as market expectations for a 50 basis point cut diminished after the Fed played down its likelihood.
RBA to look beyond weak June quarter GDP
The economic expansion in annual terms will drop even lower in the June quarter than the lacklustre 1.8 per cent pace earlier in the year, but economists expect policymakers to look past this.
ASX200 closes 9 points lower, CSL, ASX drag
The S&P/ASX200 closed 9 points lower at 6691 as CSL, ASX, and Telstra took points away. Materials out-performed.
A big week for markets, and Magellan's portfolio
With the Fed's rates decision a week away, US earnings season will highlight the strength of the American economy and some of Hamish Douglass' favourite stocks.
Opinion
A big week for markets, and Magellan's portfolio
With the Fed's rates decision a week away, US earnings season will highlight the strength of the American economy and some of Hamish Douglass' favourite stocks.
Columnist
Investing in the age of deglobalisation
It is now quite unclear how - or, in some sectors, if at all - cross-border business will be conducted in the years ahead.
Columnist
Why Japan Inc likes Australia
Japan Inc is on a long-term path toward lifting its international exposure to strong cash flow businesses in mature economies like Australia.
Columnist
Hayne breaks silence to back Samuel APRA verdict
Kenneth Hayne has added to the concern at Wayne Byres' attitude, smacked of a tin ear to some of the criticisms made about the regulator in Graeme Samuel's capability review, writes Adele Ferguson.
Investigative journalist and columnist
Politics
ScoMo, EY to be called to inquiry into Pyne, Bishop jobs
Scott Morrison and senior partners from consultancy EY will be called to appear before a Senate committee to explain private sector moves by former ministers Christopher Pyne and Julie Bishop.
State debt a credit negative says Moody's
The rising debt burden of state governments due to the property market slump and extra infrastructure spending is "credit negative" for their fiscal positions, ratings agency Moody's Investors Service has warned.
Federal government's $50b outsourcing bill faces new auditor probe
The government's growing bill for using contractors, consultants and labour-hire firms is set for renewed scrutiny as a new audit report looms.
PNG seeks help from regulators over $1.2b UBS loan
PNG's new PM James Marape would welcome input from APRA and AUSTRAC as part of probe into oil deal that ended the career of his predecessor Peter O'Neill.
- Exclusive
- Law
Benched: Judge forced to take a break from duties
'Australia's worst judge', who has been the subject of numerous complaints, is being mentored.
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World
Bangladesh seeks Australian gas, coal
Bangladesh's top envoy in Australia believes Canberra has a "blind spot" about the economic opportunities in one of the world's most densely populated nations.
Iran claims CIA spy ring busted, some sentenced to death
British Prime Minister Theresa May to chair emergency security session over seizure of a British-flagged tanker.
China signs secret deal for naval outpost in Cambodia: report
US sources said the two sides recently entered into an agreement that would hand China its first naval outpost in south-east Asia.
Villagers, firefighters battle wildfires in central Portugal
One of three wildfires that broke out at the weekend north-east of Lisbon threatened several villages.
Triad gangsters blamed for station attack
Men in white T-shirts and some armed with poles flooded into the rural Yuen Long station and stormed a train.
Real Estate
Aveo allows more time for Brookfield's takeover plan
Brookfield has emerged as the preferred party to take over retirement village operator Aveo after a lengthy process, but negotiations are still going on.
The Agency seeks working capital funding lifeline
Shares in the debt-laden group have lost two-thirds of their value since February.
Business Council of Australia moves to Parliamentary Precinct
The Victorian Civil & Administrative Tribunal will open its first non-CBD court in Melbourne’s eastern suburbs after signing a 1050sq m office lease.
Stairs prove no hurdle for Canberra downsizer
There aren't enough homes in Canberra for the ACT's aging baby boomers.
Auction clearances pick up as banks lend again
The post-election pick-up looks strong, but economists warn of 'constrained growth' to come.
Personal Finance
- Opinion
- Property investment
How to buy in a thin property market
Buyers shouldn’t be disheartened. A buying campaign is usually a marathon, and purchasers accrue valuable knowledge along the way, Richard Wakelin writes.
Buy, hold, sell: Alumina, Nine Entertainment, Platinum
TMS Capital's Ben Clark talks with Vince Pezzullo from Perpetual and Adam Alexander from Evans and Partners about compelling ASX200 stocks.
Could this get you an extra tax deduction?
There will certainly be some for whom the carry forward rule provides a valuable opportunity for extra tax deductions in 2019-20.
Technology
China's would-be P2P disrupter concedes
China’s second-largest online lender Lufax is shrinking its peer-to-peer business, while denying rumours of a complete exit.
- Exclusive
- Funding
Fusion Factory raises $4m from Investec
Tech industry veterans Frank Nesci and Greg Woollett have raised their first round of capital for their 11-year-old business Fusion Factory.
- Exclusive
- Streaming
Amazon hopes for Channels launch in 2020
Amazon has more than 100 channels in the US, but will struggle to build an offering that size in Australia.
Leadership
Judge Vasta to proceed with existing cases
A judge will continue to make orders, including possible damages, in a case involving the controversial climate scientist Dr Peter Ridd.
Why networking is vital when starting a company
Connections are the key for entrepreneurs looking for a head start, according to Women of Influence Awards alumni.
Lifestyle
Hublot shows off its limited-edition Ferrari style
The flamboyant watchmaker teams up with Ferrari creatives and fine artists, putting the buzz into Baselworld, Bani McSpedden writes.
Football keeps this financial adviser fit for the long run
Helen Baker grew up in a soccer-crazy home and these days the sport keeps her sane and having fun. She answers Life & Leisure's Time Out Q&A.
Marlon Brando’s long-lost 'Apocalypse Now' watch on the block
The Rolex GMT-Master worn by the actor in the 1979 war classic is set to clock up a new auction record.
Armstrong was the first man. Who will be the first woman?
NASA has named its new lunar project Artemis – sister of Apollo – to make the point that the next human to walk on the moon could well be a woman, writes Deborah Nutburn.
Barossa Valley 'Grange' vineyard comes to market
In 2009, some of these grapes at Owen's Own Vineyard were used to make Penfold's Grange, the country's most revered wine.
