- Live
- Markets Live
Trump adviser walks back trade comments
Markets seesaw on Peter Navarro's comments; US futures recover, AMP up on regulatory approvals; Canva valued at $8.7b, gold tops $US1767/oz.
- Opinion
- Chanticleer
Ghosts of the past haunt Woolies’ record year
The rising cost of Woolworths' underpayment scandal has taken the gloss of the retail giant's COVID-19 sales surge.
Post COVID reopening under way: Scott Morrison
Campaigning from the Eden-Monaro electorate Scott Morrison said Treasury is reviewing how the JobKeeper program will end. Victoria has recorded 17 new virus cases, Queensland has no new cases and NSW has one case from a returned traveller. Here's the latest.
APRA to decide on extending bank loan leniency next month
A speech by APRA chairman Wayne Byres on July 22 may reveal if the regulator will support banks' extending loan deferrals past September.
'Major catalyst' as AMP Life sale approved
AMP's high stakes corporate turnaround has been handed a lifeline, as the wealth giant finally obtains all of the regulatory clearances needed to sell its once-core life insurance division.
ACCC sues Vocus over NBN speed claims
The competition watchdog has begun Federal Court proceedings against telecoms company Vocus, alleging it misled customers over the speeds of its NBN products.
Why men are more keen to return to the office
Men and younger employees are keenest to get back into the office, while those with kids at home say they are more engaged, productive and successful working there.
Expert advice for getting ahead in the new world of work left by COVID-19
Get the Work & Careers newsletter every Thursday in your inbox.
Sign up now
Companies
'We don't want the wrong neighbours moving in': Woodside CEO
Peter Coleman has confirmed Woodside's appetite to pre-empt a new partner buying Chevron's stake in the North West Shelf venture if required.
Woolworths profits to fall despite record sales growth
Woolworths expects earnings to fall as much as 2.7 per cent and flagged one-off costs of $591m to restructure its supply chain and drinks group and repay staff.
ASIC pursues CBA for prohibited payments
ASIC has acted on a referral from the Hayne royal commission and filed a civil suit against the bank for making prohibited payments banned under the Future of Financial Advice reforms.
Canva almost doubles valuation to $8.7b
The graphic design startup is now the most valuable private technology business in Australia after a fresh round of $87.2 million in funding.
- Exclusive
- Cyber warfare
Turnbull joins Kasada board, touts Huawei foresight
The former prime minister has invested $1 million in Kasada and says its bot detection software could stop attacks like those recently deployed against Australia.
Virgin's bondholders revealed
The (virtual) attendance list at Virgin's last creditor meeting offers clues as to which institutions hold a portion of the airline's $2 billion in bond debt
- Opinion
- Chanticleer
Still time for twist in Virgin rescue
The bondholders' bid still hasn't materialised, but the group insists it's serious and has plenty of time to make its mark.
Markets
Business output rebounds, but jobs lag
Services sector activity is growing for the first time in five months, but international trade fell.
- Opinion
- Investing
Why to be wary of China's junk dollar bond market
Bondholders need to stop placing blind faith in companies issuing dollar bonds and check whether they can endure an unprecedented downturn.
- Opinion
- Regulation
'There was speculation about kidnap threats'
J Capital was raising serious concerns about embattled German tech darling Wirecard years ago. But the firm decided to step back after things "got really grubby", writes Karen Maley.
Travel stocks take a beating on second wave fears
Travel stocks have been hit hard by fears a second wave of COVID-19 could delay the resumption of domestic travel as Victoria struggles with a spike in cases.
What happened in markets overnight
Australian shares are looking up as Wall Street gained ground and Steve Schwarzman, chief executive officer of Blackstone Group, said the economy was likely to benefit from a V-shaped recovery.
Opinion
Second wave fear must not stop us living with virus
The priority now is to contain localised clusters to stop a second wave, and allow Australia to live with COVID-19, as Scott Morrrison says, without going backwards into a costly stop-start shutdown cycle.
Editorial
Why it's not the time for a pay rise
In this edited extract from the Fair Work Commission's minimum wage decision, panelist Professor Mark Wooden explains why he gave a rare dissenting opinion on the 1.75 percent rise.
Contributor
'There was speculation about kidnap threats': J Cap
J Capital was raising serious concerns about embattled German tech darling Wirecard years ago. But the firm decided to step back after things "got really grubby", writes Karen Maley.
Columnist
History may be kinder to Julia Gillard
The country's first female prime minister achieved more than her conservative critics will acknowledge.
Columnist
The rupture with China is permanent
Calls from Australian business leaders to mend the diplomatic relationship – or at least to not further widen the division - now seem from a distant political era.
Columnist
Why it's much better that board minutes are not Hansard
Detailed public accounts of what goes on in board meetings might not produce quite the result that was hoped for.
Politics
Push ahead with reopening despite outbreak: PM
Australia must learn to live with COVID-19 and not retreat every time there is an outbreak, Scott Morrison says, as some states delay reopening borders.
'Ashamed': High Court apologises over Heydon
In what Law Council president Pauline Wright called a '#metoo moment' for the legal profession, an independent inquiry found six women were sexually harassed while they worked for former justice Dyson Heydon as associates.
Call for joint US-Australian bulwark against China's cyber offensive
The United States Studies Centre argues research into a coronavirus vaccine, in particular, needs to be better protected.
Minimum rise mostly not for the low paid
Research provided to this year's minimum wage panel found 64 per cent of those on award rates were earning above the 'low paid' threshold, defined as two-thirds of the median hourly rate.
WA plays hardball with the AFL
WA has upped the ante on the Australian Football League, throwing out the tantalising option of hosting football matches in front of a 60,000 capacity crowd within three weeks.
SPONSORED
World
- Opinion
- Trade wars
India picks a side in the new cold war
There is near-consensus in Indian policymaking that China is a hostile power and the only feasible response is to move closer to the US and to Asian democracies, such as Japan and Australia.
Cracks appear in China's steel boom
Amid the recent sector-wide bustle has been a lopsided reliance on metal demand from construction sites that has partially masked weakness from manufacturers.
Abattoir outbreak drives up Germany's infection rate
Germany's coronavirus infection rate rose for a third day, lifted by local outbreaks including in the region of North Rhine-Westphalia, where more than 1300 people working at a slaughterhouse tested positive.
- Analysis
- Coronavirus pandemic
Hungry neighbours cook together as virus pummels Latin America
Economic shutdowns have forced poor Peruvians, Argentines and tens of millions of others to fall back on community-based efforts unseen in large numbers since the region's crises of decades past.
COVID-19 surge in US south, south-west raises alarm
Infectious disease experts in the US have expressed alarm over the pace of new coronavirus infections in several states, with one likening the spread in parts of the country to a 'forest fire'.
Property
Singapore's ARA launches part takeover bid for Cromwell
The Singaporean investment house, already Cromwell's largest shareholder, has long expressed dissatisfaction with Cromwell's strategy and has so far failed to gain board representation.
Stockland boss Mark Steinert to retire
The managing director of the country's largest listed developer will stay on in a transitional, flexible, capacity.
Maple plan ticked for Brisbane's Quay Street
The $200 million mixed-use project will include the restoration of the historic Davidson’s Residence, built in 1868.
Comcare leases top floor in the Top End
The national authority for work health and safety, and workers’ compensation, has leased a whole floor of Sentinel Property Group's Jacana House in Darwin.
Primewest takes charge of berries and citrus trust
Primewest has added $275m worth of berry and citrus farms to its $4.1 billion portfolio as it pushes deeper into agricultural real estate.
Wealth
- Opinion
- Flat Chat
How to outsmart the HomeBuilder grant
There are ways of turning your principal place of residence into an investment after a huge renovation.
ASIC's fact sheet on SMSFs 'sheer fantasy', MP says
Details issued by the regulator about the time and cost involved in running SMSFs are 'misleading and deceptive', Tim Wilson claims.
- Opinion
- Sharemarket
Four stocks set to ride the IT boom
Private enterprise has stepped up to fill the imminent void in new technology infrastructure.
Technology
NSW pushes for national cyber standards
The NSW government is pushing ahead with plans to create stronger cyber standards to apply to all businesses and government agencies.
- Opinion
- Gadgets
What the Intel breakup will mean for Apple users
How much app developers suffer from Apple's move to a new chip will have a knock-on effect that will determine how much the rest of us suffer.
- Exclusive
- Waste
Maggot waste management gets tick from Mike Cannon-Brookes, Tenacious
Goterra is revolutionising waste management, having created a transportable, automatic waste processing system using maggots.
Work & Careers
Zoom, Teams or Google Meet? The experts decide
What video conferencing veterans have to say about the apps they use may surprise you.
Minimum rise mostly not for the low paid
Research provided to this year's minimum wage panel found 64 per cent of those on award rates were earning above the 'low paid' threshold, defined as two-thirds of the median hourly rate.
Life & Luxury
How a city marketer reinvented a cattle farm
After marrying a farmer she met on a dating site, Lauren Newell started taking his beef direct to the people, making new friends and money along the way.
- Opinion
- Motoring
The best motoring podcasts to make your commute fun
A return to the office means more time sitting in traffic, but at least car enthusiasts are well catered for in the booming world of podcasts.
Apple reveals updates to iPhone, iPad, Mac, Watch software
This year, the tech titan's Worldwide Developers Conference went virtual, as CEO Tim Cook and other Apple executives streamed their announcements online.
‘Welcome back to restaurants’: Grand venue hails new era
Andrew McConnell's just-announced CBD bar and fine-diner, Gimlet, means there's even more to look forward to as pandemic restrictions ease.
This CEO's rear bike light doubles as a radar
Consultant Himanshu Dua feels scared every time he rides the Spit Bridge in Sydney – but it doesn't stop him doing it every Sunday.
