- Analysis
- Monetary policy
How the RBA would do unconventional stimulus
If the RBA cuts the cash rate one last time to the 0.25 per cent "lower bound", the bank would thereafter consider announcing an interest rate target for government bonds.
Clayton Utz sends Sydney lawyers home because of coronavirus
Lawyers at Clayton Utz Sydney office are being sent home because of an employees indirect exposure to the coronavirus, Street Talk can reveal.
South Korea travellers banned; 'enhanced screening' for Italy
Foreign citizens arriving from South Korea will be blocked from entering Australia as the Morrison government escalates its coronavirus response.
- Opinion
- Chanticleer
Inside Mike Baird's decision to quit NAB
Mike Baird was once considered a shoo-in for the job of CEO of National Australia Bank, but that all changed when Andrew Thorburn became a high profile scalp of the royal commission. Now, Baird is open to offers for executive roles but definitely not a return to politics.
- Live
- Markets Live
ASX up 1pc; 'Panic buying' could boost Coles
Ray Dalio says coronavirus "once in a 100 year catastrophic event"; the Bank of Canada cuts rates by 50 basis points; ACCC will not appeal Fed Court's TPG decision.
- Analysis
- Coronavirus outbreak
Virus sows the seeds of the next credit crunch
With debt levels already at a record high, the coronavirus spread raises the risk of a credit crunch in a world of low interest rates.
- Opinion
- Legal industry
Law firms must plan for profit hit from Fair Work ruling
The important lesson is to be prepared for different scenarios – and have contingency plans in place for some award mayhem.
Virus crisis
Atlassian cancels major annual conference
Atlassian will now hold a remote summit rather than its annual developer conference, which was due to take place in Las Vegas in late March.
Coles joins Woolworths in rationing toilet paper
Coles has followed Woolworths' lead, rationing toilet paper to four packs per customer as panic buying spreads.
Carnival crisis grows as another Princess cruise ship put in lockdown
The company said it had identified 62 guests on the current voyage of the Grand Princess who were on the previous sailing along with a passenger who had died.
- Updated
- Coronavirus outbreak
Regulator hits Qantas with virus notice
Qantas is facing an order to improve the working conditions for its cleaners in the wake of the COVID-19 outbreak after regulators observed an "inadequate system of work used to clean planes".
Wall Street traders can't work from home as virus arrives
Banks are finding it hard to relocate operators, even in the face of COVID-19. 'You don't want your trader trading Microsoft shares from his living room.'
Companies
- Opinion
- Chanticleer
Inside Myer’s coronavirus scramble
The virus has hit foot traffic, but Myer's supply chain problems look almost resolved. Still, the last thing the fragile department store icon needs is a bad case of the virus.
Mike Baird stands down from NAB
Former NSW Premier Mike Baird has announced he will stand down as the head of NAB's consumer bank.
- Opinion
- Chanticleer
ACCC's TPG indignity gets worse
A court's rejection of the ban on TPG's $15 billion merger with Vodafone was made worse by the ACCC's own witness demolishing the regulator's case.
BBC makes its streaming move in Australia
The BBC and ITV are set to add their own arsenal of programming to Australia's streaming wars with the launch of their own subscription video on-demand service later in 2020.
Treasury Wines worth $20 a share if broken up: BAML
The Penfolds business alone is worth up to $13 billion says Bank of America Merrill Lynch and with a strategic review on foot the prospect of M&A is alive.
Banks suffer 'Japanification' of central bank rate cuts
Banking sector analysts have sounded the alarm on earnings and raised the prospect of dividend cuts after the majors moved swiftly to pass on the RBA rate cut.
Myer profit falls as restructuring costs rise
Myer CEO John King says the virus has disrupted supplies but could help the retailer reduce inventories and improve cash flows.
Markets
Hedge fund pioneer bets on higher rates, recovery in stocks
David Picton sees a rebound boosting risk assets, including copper, saying, ‘I don’t believe that the bond market’s going to get it right.’
Bank of Canada cuts its key rate by 50bps
The Bank of Canada slashed its key interest rate, pointing to "a material negative shock to the Canadian and global outlooks" from the coronavirus.
The real reason why markets tanked
Wall Street futures lit up when Joe Biden won a swathe of Democratic primaries, erasing the damage done by a trigger-happy Fed with a spectacular coronavirus-inspired own-goal that sent markets tumbling.
RBA slashes growth 0.5pc on coronavirus fears
Coronavirus is expected to have already taken off 0.5 of a percentage point off economic growth, according to the Reserve Bank.
- Opinion
- Monetary policy
The deflationary fear spooking markets
Investors are increasingly anxious about the deflationary forces unleashed by the coronavirus outbreak at a time when global debt levels are at a record high.
Opinion
Law firms must plan for profit hit from Fair Work ruling
The important lesson is to be prepared for different scenarios – and have contingency plans in place for some award mayhem.
Contributor
The gentle turning point is about to become an S-bend
The government, which just a week ago said it had "very limited'' capacity to respond to the economy, is now poised to spend several billion dollars as recession fears grow.
Political Editor
How to understand the risks of 100,000 viral deaths
That big number generated sensational headlines, but rigorous modelling of the best to worst scenarios for the spread of coronavirus will help policymakers prepare a global response to pandemics.
Contributor
Respond to this crisis with genuine incentives
The Rudd government's stimulus after the GFC is a reminder how not to handle fiscal policy in the wake of COVID-19.
Editorial
There's no call for pink batts version 2020
The virus will check the gentle turning point in today's national accounts. But this is not a reason for Rudd-style stimulus just so that politicians are seen to be doing something.
Contributor
The new fear index is in the toilet
Stop making bad jokes about the panic purchase of toilet paper. It's become the new index of community concern.
Columnist
Politics
'No one' monitoring financial advisers, Labor warns
“There will be 12 months when there will be no one overseeing whether or not individual financial advisers are compliant,” said Senator Jenny McAllister.
Government prepares to spend billions amid recession fears
The federal government harbours real fears of recession as it prepares a stimulus package that will run into the billions.
Virus will hit the June quarter too, Treasury warns
Treasury Secretary Steven Kennedy has warned the impact of coronavirus would be "at least" 0.5 percentage point in the March quarter and would also hit the June quarter.
Dastyari, Wooldridge dine at Melbourne Club
Such vulgar company is rarely kept at 36 Collins Street.
- Exclusive
- Federal budget
Ministers warned to curb spending after multi-billion dollar stimulus
Treasury has drawn up coronavirus stimulus options running into billions of dollars to cushion the economy through a weak patch that the Treasurer said would extend beyond the current March quarter.
SPONSORED
World
- Opinion
- World politics
Real political reform in south-east Asia is still a dream
Nobody expects countries like Malaysia or Thailand — let alone even more politically blighted neighbours — to emerge as textbook liberal democracies any time soon.
- Analysis
- Coronavirus outbreak
Italy’s elderly suffer heavy toll as virus spreads
Spikes in the numbers of deaths and cases have become the new normal in the country with Europe’s oldest population.
Bloomberg drops out, backs Biden
"A viable path to the nomination no longer exists," Michael Bloomberg said in a statement, despite lavish spending on campaign ads across the US.
Democrats decide Joe Biden is the safest bet
Lifted by a hasty unity among centre-left Democrats disinclined toward political revolution, Biden has propelled himself in the span of three days from electoral failure to would-be juggernaut.
- Opinion
- Syrian conflict
Erdogan's refugee ploy is morally reprehensible
The Turkish leader is trying to play the victim, but he is just as responsible as the Assad regime, together with its Russian and Iranian backers, for provoking yet another refugee crisis.
Property
Westfield owner dumps plans for big London mall
Facing a tough market, Unibail-Rodamco-Westfield is taking Croydon out of its development pipeline and going back to the drawing board.
JPMorgan to sell mall and office tower in Melbourne
The St Collins Lane mall and the Twenty8 Freshwater Place office tower will be put on the market.
Goldman Sachs downgrades Goodman Group on virus fears
Goodman Group joined Charter Hall as the second big ASX-listed fund manager to be downgraded due to the expected impact of the coronavirus.
Cromwell launches Blitz on Weiss push
Cromwell chairman Leon Blitz has taken up the long-running fight with the Singaporean investment house with gusto since succeeding Geoff Levy.
- Exclusive
- Development
Game on for Sydney's next major tower site
An unassuming cluster of buildings on a corner of Sydney's CBD have the potential for towers up to 330 metres high.
Wealth
Why you can't have your cake and eat it
When it comes to property held in an SMSF, things can get tricky, writes John Wasiliev, who answers your questions on superannuation.
- Opinion
- SMSFs 101
When you should close your SMSF
The five 'trigger' situations include insufficient funds, declining mental or physical capacity, death, lack of time to oversee a fund and moving overseas.
Why cyber criminals will increase ransoms and target the rich
Researchers have used game theory to predict cyber criminals will focus their energy on extorting the rich as well as businesses over the coming decade.
Technology
TPG lifts guidance as Vodafone merger beckons
TPG Telecom has upgraded its 2020 full year earnings guidance by $35 million, on the back of softer NBN headwinds.
ACCC will not appeal TPG-Vodafone ruling
The competition watchdog will not appeal the Federal Court's decision to allow the merger ofTPG Telecom and Vodafone Hutchison Australia to merge.
Huawei insists it hasn't given up on 5G
Besieged Chinese telecommunications giant Huawei will launch a last ditch charm offensive to persuade the federal government to let it build 5G networks in Australia.
Work & Careers
- Opinion
- Wage Slave
What I learnt sharing a drink with ASIO
Australia's spooks could teach our business leaders a thing or two about addressing controversial topics.
The executives solving customer trust issues
AGL's chief customer officer Christine Corbett says using customer data is a balancing act between convenience and privacy as businesses work to rebuild trust.
Life & Luxury
The Aussie brothers taking on Tesla with $294,000 supercar
The car, codenamed AP-0, is the brainchild of Jason and Gary Leung, who founded Apex Motors. Its forerunner, the AP-1, feels fast. Really fast.
How does it feel? The secret to wine tasting mastery
Turns out you can tell a lot about a wine from its structure on your tongue, reveals the author of an indispensable new blind-tasting guide.
Virus stops James Bond in his tracks
It's Daniel Craig's last outing as 007 and the Billie Eilish song is already out, but 'No Time To Die's release is pushed back seven months on virus fears.
Echo Show 8 review: Alexa, shut up already
If your main interest in a smart display is communicating with family and friends, Amazon's are a clear choice – irritations aside.
What to wear to the end of the world
Amid the despair, the surgical masks and empty streets, Paris Fashion Week offered up hope, harmony and big shoulders.
