Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statement
Advertisement
AUDUSD0.691
0.1304
-38.53 (-0.56%)
All Ords7005.60
-36.28 (-0.52%)
Dow Jones28823.77
-133.13 (-0.46%)
Nikkei23850.57
110.70 (0.47%)
Hang Seng28753.36
115.16 (0.40%)
View all
Bennelong Equity Partners chief investment officer Mark East at Currumbin Beach, Queensland.

The best fundies in Australia last year

Last year delivered extraordinary returns for those invested in the best performing funds among thousands on the Morningstar database. But winning fundies, such as Bennelong Equity Partners' Mark East, said it would be hard to replicate the high returns of last year in 2020.

The impact from the fires on tourism could make it harder for some bank customers to repay mortgages and SME loans.

Fire fallout to hit property prices, mortgage arrears

Ratings agency Standard & Poor's is predicting "elevated mortgage arrears" in bushfire ravaged areas, where unemployment is expected to rise. Property prices may also be hurt.

Australian shares are poised to slide.

ASX dives; Coles drops on downgrade

Australian shares are trading lower through the middle of the session; Morgan Stanley has downgraded Coles; British business feels Boris bounce.

A2 Milk exec quits as shake-up continues 

A2 Milk will have a new-look management team in 2020, with a a new chief executive, new CFO and new head of technology.

Contractor tangled in machinery is Qld's eighth mine death

The eighth death strikes Qld's industry in 18 months - and after Coronado said it was working hard to avoid accidents.

Iran protests over downed jet turn violent 

Security forces stepped up patrols as protesters, many of the them students, came out in force in Tehran's landmark Azadi Square and at Shahid Beheshtri University, as well as in several regional cities.

MI5 chief shrugs off intelligence-sharing risks from Huawei

Andrew Parker says he has 'no reason to think' the UK’s intelligence-sharing with the US would be hit if Britain adopted Huawei technology in its 5G mobile phone network.

Advertisement

Companies

Some major institutional investors are throwing their support behind Steven Harker as the best internal candidate to replace Westpac chairman Lindsay Maxsted.

Westpac needs to fill its hottest seat fast

Institutional investors, worried that Westpac has a lame-duck chairman and an acting CEO, are pressuring the bank's board to fix the situation quickly.

Rachel Noble, the outgoing head of the Australian Cyber Security Centre, says business must work closely with government on cyber incidents.

Don't hide hacks: cyber security boss

Government cyber security officials are trying to fend off an unprecedented level of digital attacks against businesses and are imploring them not to cover up breaches.

An activist wears an anti-Adani slogan during a protest against Siemens in Munich, Germany, on Friday.

Siemens under fire after sticking with Adani

Siemens will be hit with protests at its annual general meeting next month after the German conglomerate resisted pressure from environmental activists and said it would continue to work with Adani.

Westpac led the way in a busy week of bond issuance by the Aussie banks.

Westpac leads $13.8b bank bond blitz

The big four are finding welcome buyers for their bonds in global credit markets.

Jetstar workers hit pause on strikes

Jetstar has partially quelled a disruptive workers' revolt with an agreement to meet union-backed baggage handlers and ground crew later this month.

Oil industry threatened with abandonment levy

A levy is one option to ensure taxpayers don't have to pay clean-up costs for ageing oil and gas fields owned by cash-strapped companies.

Cleanaway can negotiate rocky regulatory road

Cleanaway Waste Management faces a challenge to deal with a ban on exporting waste, but it is better placed than its rivals.

Markets

Negative interest rates - idiotic for some, bewildering for others.

Be selective, but stick with shares

Asset allocation experts are advising institutions and financial planners to stay invested in the sharemarket, even as market indices reach all-time highs, global growth shows signs of slowing and geopolitical tensions are on the rise.

Dixon Advisory clients have been hit with a write down on the US property fund.

Dixon US property fund slashes asset value by 30pc

Dixon Advisory has blamed a weak New York property market for slashing the value of its US property fund units.

Whipping up optimism... Boris Johnson hopes for a post-Brexit surge in business confidence.

British business feels Boris bounce 

The election-winning PM's optimism is proving infectious for business, but Threadneedle Street isn't seeing the green shoots yet.

Rampaging bulls hope China has their backs

Proof China has stabilised its growth may prolong the record-breaking run in stocks and boost hopes of global recovery.

Apple bulls rush to lift price targets on extended surge

Shares in the iPhone maker are into their eighth month of record highs and analysts are struggling to keep up.

Opinion

Commodities may not stay cheap forever

In an ideal world, the next commodities bubble, whenever it comes, could help us make what might be the final shift — away from fossil fuels and towards renewables, writes Rana Foroohar.

Rana Foroohar

Columnist

Rana Foroohar

It's energy inequality that we need to worry about

Climate change may have reached a point of no return. But poor access to energy options in developing countries means continued use of toxic fuel sources.

Here's some new year predictions to ponder

Could we have predicted Harry and Meghan divorcing the Royal family? Well, not specifically but like many of the event in 2020, the trends were already there.

Taiwan votes for sovereignty and against Beijing's autocracy

The dramatic political comeback of Taiwan's President underlines Australia's concerns about China's attempts to impose its will and influence.

Tom Switzer

Columnist

Tom Switzer

Banks need more talent, not more penalties, to compete in 2020s

Financial institutions must not only be well supervised but well managed. APRA's regulatory overkill could stops banks from recruiting the talent needed to compete with disruptive competitors.

The AFR View

Editorial

The AFR View

The case for the digital Aussie dollar

Some big tech company will establish a global digital currency within five years. The RBA should get in first to establish its own digital dollar.

Richard Holden

Contributor

Richard Holden
Advertisement

Politics

Scott Morrison, Coalition plunge in latest Newspoll

Labor is ahead of the Coalition for the first time since the election and the Prime Minister's approval rating has plunged, Newspoll's latest survey shows..

A wide-ranging inquiry will include emissions reduction and building better resilience and adaption to climate events such as fire, drought, floods and cyclones, Scott Morrison said in Canberra on Sunday.

Morrison could ditch Kyoto credits

Prime Minister Scott Morrison signalled the government could stop claiming Kyoto credits to meet its carbon emissions reduction targets, in response to anger over the bushfire crisis.

"The last thing we need is for APRA to get swamped, and for its findings to be diluted, by the generation of heatmaps on such an ambitious scale," Dr Scott Donald writes.

APRA's plan to assess 40,000 super fund options too ambitious

The prudential regulator should abandon plans to analyse the performance of 40,000 superannuation options on the market because the task will be a "time-consuming distraction", a leading academic says.

Unisuper targeted in divestment campaign

One of Australia's most successful superannuation funds is under pressure to dump $10 billion of shares in fossil fuel companies with the launch of a campaign capitalising on sentiment stirred up by the bushfires.

States and federal governments should work together on fire crisis

Readers of The Australian Financial Review have given the Prime Minister poor marks for his handling of the bushfire crisis.

SPONSORED

World

  • Analysis
  • EU
Angela Merkel, Germany's chancellor, is joined at G7 talks in France last August with UK Prime Minister Boris Johnson (left) and French President Emmanuel Macron.

Germany searches for its place in the world

From Washington to Beijing to Brussels, many wonder where Berlin's foreign policy is headed. It's a big question as Angela Merkel prepares to step down.

Xi Jinping's remarks that he wanted Taiwan to follow Hong Kong and have a  "one country, two systems" model rattled many of the island state's 23 million people.

How China helped its enemy win Taiwan's election

Hong Kong's protests and an increasingly authoritarian China under Xi Jinping were the main influences on the outcome of Taiwan's elections.

Liberty Leading the People, by Eugene Delacroix, commemorating the July Revolution of 1830. The language of older fights echoes deeply in the current one, hardening positions on both sides.

Class is at the heart of France’s strikes

Beyond the latest unrest over pensions reform is a much larger conflict over class, privilege and money amplified by 200 years of French history.

Nissan executives step up planning for potential split from Renault

The move to map out a potential split is the latest sign of tension in the alliance held together for nearly two decades by Carlos Ghosn, former chief executive and chairman of both companies.

Indonesia lets plastic burning continue despite toxins warning

Tofu makers in East Java have seen business plummet after a report claimed toxins from the manufacturing process are contaminating food.

Property

Auction listings set to surge within weeks

Auction listings are forecast to lift when the February auction season gets under way, although some vendors may have raced ahead of the market with their price expectations.

Artist's render of the planned new Angle Vale school in Adelaide's northern suburbs. 

Tetris-led consortium wins $470m SA contract

The South Australian government is seeking to a draw line under its troubled procurement past with a new education tender.

Rich Lister Perichs process big dairy deal

The acquisition of the historic Torrumbarry aggregation will help drought-proof the country's largest dairy farming operation.

Drought, then bushfires take a lick from national milk pool

Forecast milk production will be revised down further to take into account both immediate disruption caused by bushfires and the longer-term impacts.

Oversupply, weaker tourism growth hits hotels

Hotel owners and operators keep a brave face despite greater competition from new hotels and a drop-off in the number of tourists.

Advertisement

Wealth

Monik Kotecha is still bullish on tech over the next five to 10 years.

Ditching the rule book helps this fund manager succeed

Dumping old school valuation tools like price-earnings ratios helps Insync's Monik Kotecha deliver consistent outperformance, especially in the fast-moving digital sector.

Why it pays to go green

Sustainable investing can boost long-term returns, reduce portfolio risk and help the planet.

Sustainable investments: what's on offer

Confused about where to invest and how the different funds operate? We outline their screen processes and their returns.

Technology

Mark Zuckerberg

Mark Zuckerberg's new decade resolution

The Facebook chief executive has ditched his usual New Year's tradition of setting an ambitious, personal goals for the year ahead in favour of sharing a big picture 10-year plan.

Amazon has soared in size to become one of the world's most-valuable companies.

How Amazon puts the squeeze on its suppliers

Amazon has transformed the small miracle of delivery of goods into an expectation of modern life. But people don't realise what goes on behind the scenes.

Tesserent's new chairman Geoff Lord was previously the founder of successful tech business UXC and now runs Belgravia Group. 

UXC's Geoff Lord to chair ASX cyber security small cap

Renowned tech investor of UXC fame Geoff Lord hopes to turn cyber security business Tesserent into another big success.

Work & Careers

Rosie the Riveter ... During World War II, the US welcomed women into the workforce on assembly lines to build armaments for troops fighting overseas.

American women outnumber men in the US workforce

The US jobless rate is at a 50-year low, and for the second time in history, American women outnumber men as the majority in the country's paid workforce.

Jan Logan's fateful passage from farm girl to design icon

Jeweller Jan Logan has built her success on an eye for design and a willingness to take up in the opportunities life puts in her path.

Advertisement

Life & Luxury

Anastasia Massouras finds salsa dancing a highly effective stress release and fitness boost.

Why this CEO dances in the street

Pure Insights Group chief executive Anastasia Massouras found she had a natural talent for moving to the music.

CODA is a dessert restaurant but many of the dishes are surprisingly savoury.

Breaking down culinary walls in Berlin

The German capital's dining scene shucks off its staid reputation with a new breed of restaurant revelling in an innovative, less-is-more philosophy.

Andrew Cozzens' archdiocese is currently working with "several dozen" people, but not everyone who believes they are possessed and requests an exorcism gets one.

Exorcisms make a 21st-century comeback

The Catholic Church in the US is training more "spiritual warriors" to cast out the devil from people who believe they are possessed.

Lars Williams blending at Empirical Spirits.

The Danish distillery producing rude good spirits

Copenhagen's Empirical Spirits takes the wildly creative Noma approach to liquor making – with a twist of political outrage.

San Telmo director Dave Parker has a strong affection for Argentina.

Why a trip to Siena is this director's best travel memory

Director Dave Parker recalls how an invitation to an Italian street party led to him kissing a horse.

Most viewed

From the gallery