What Rich Listers are doing amid market chaos
More than $5.3 billion has been wiped from the paper wealth of Financial Review Rich Listers since the market’s peak a fortnight ago.
ASX's shaky climb to best day in two months
Australian shares followed a strong overseas lead to end the day higher despite the continued spread of COVID-19.
Top tier firm Clayton Utz sends lawyers home due to coronavirus fears
Lawyers at Clayton Utz's Sydney office are being sent home because of an employee's indirect exposure to the coronavirus, Street Talk can reveal.
Sharemarket crash brings opportunity, say fundies
Despite the gloom, expert stock pickers think plenty of companies look interesting after recent price falls, just buy judiciously.
- Opinion
- Chanticleer
What big fundies fear most as virus spreads
Signs of tightening credit conditions overseas and higher gearing in Australia have institutional investors fearing coronavirus capital raisings, says a Goldman-Sachs strategist.
- Opinion
- Coronavirus outbreak
A dry run for the catastrophic pandemic to come
A 2 or even 3.4 per cent mortality rate is tolerable if not too many people are affected, but if the next one is even more infectious civilisation as we know it could collapse.
- Opinion
- Chanticleer
Inside Mike Baird's decision to quit NAB
He was once considered a shoo-in to be the CEO. All that changed when Andrew Thorburn became a high profile royal commission scalp. Now, Mike Baird is open to offers for executive - but definitely not political - roles.
Virus crisis
Coles, Costco and Aldi join Woolworths in rationing toilet paper
Australia's No.1 player ABC Tissue has lifted output by 10pc, while No.4 toilet paper maker Encore Tissue has stepped up production as hysteria continues.
'Outbreak of illness' at Sydney childcare centre
Authorities are investigating an "outbreak of illness" at a childcare centre in Sydney after confirming one fatality and three active cases at a nearby nursing home.
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.
- Analysis
- Coronavirus outbreak
Why COVID-19 is really SARS-2
What's in a name? Quite a lot when it comes to coronavirus. Why else would it have gone through various iterations to distance itself from SARS.
Virus slashes airline passenger growth to slowest since 2010
IATA says things could get worse – the toll for airlines from past epidemics reached a peak only in the second and third months of the outbreak.
Companies
- Opinion
- Class action
Class actions face political scrutiny
The Coalition government looks at the effect of class actions as Victoria's government hurries legislation to let lawyers charge US-style contingency fees.
Virus is the 'GFC for transport', truckies say
The Port of Brisbane has forecast a 30 to 40 per cent drop in imports over this month.
TPG, Vodafone sprint towards July merger
The telcos are confident their $15 billion union will be consummated after Rod Sims announced he would not stand in the way.
- Opinion
- Chanticleer
Why Myer can't afford a viral infection
The coronavirus has hit foot traffic, and while the supply chain problems look almost resolved, the last thing the chain needs is its recovery plan being derailed.
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
BritBox will be a 50-50 joint venture between BBC Studios, the commercial arm of the UK government-funded broadcaster, and ITV, one of Britain's largest television networks and producers.
Markets
- Analysis
- Monetary policy
How the RBA would do quantitative easing
If the RBA cuts the cash rate one last time to the 0.25 per cent "lower bound", the bank would then consider announcing an interest rate target for government bonds.
- Live
- Markets Live
ASX ends up 1.1pc; Remains in correction
Ray Dalio says coronavirus "once in a 100 year catastrophic event"; 'panic buying' could boost Coles; ACCC will not appeal Fed Court's TPG decision.
- Opinion
- Monetary policy
A supply shock for the ages makes policy tricky
Something that has escaped notice is that being a supply shock, the coronavirus outbreak has a potential inflationary dimension.
- Analysis
- Hedge funds
The calm beneath Wall Street's fear gauge
Why there's panic in some aisles of the market, but calm in others.
Ethical investor steers clear of 'risky' aged care
The boutique Ethical Partners Funds Management – which has approximately $1.5 billion of funds under management – says ESG is increasingly important to investors.
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
Coronavirus is what you get when you ignore science
What we've seen so far in the global response to the virus should frighten you.
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
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.
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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
The announcement came as the ACCC, which had opposed the $15 million merger, announced it would not appeal the Federal Court's decision to allow it.
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.
