'First promising signs' of declining cases
Australia is starting to see the first promising sign of declining cases but it's too early to say if it will last. PM warns economy is unlikely to reopen before Christmas and Victoria has recorded its deadliest day. Follow updates here.
- Live
- Markets Live
ASX surges; Kogan, Adairs hit records
The ASX is surging on a bank-fueled rally. Adairs and Kogan.com are at record highs, while Bank of America takes a very bullish view of iron ore. Hans van Leeuwen on why so many ASX companies are also listed in Frankfurt.
Diggers' killer to be freed despite PM's plea to Trump
A rogue Afghan soldier who murdered three Australians in a patrol base is about to be released as part of a peace deal with the Taliban backed by the White House.
Stimulus more likely to be saved than spent
Of the 32 per cent of people who received a government stimulus payment, 29 per cent added it to their savings. But economists are not worried by what they say is a 'perfectly natural response'.
AMP, CBA, Westpac face fresh class action threat
Piper Alderman is planning to bring a "series of class actions against major financial institutions", including AMP, CBA and Westpac, for alleged breaches of FoFA laws.
Hong Kong media boss Jimmy Lai arrested under security laws
The founder of the Next Media group, which owns the Apple Daily newspaper, was arrested early on Monday for allegedly colluding with foreign forces.
- Investigation
- MeToo movement
Inside Alex Wade's final month at AMP
Allegations the executive sent women explicit pictures were the final straw among numerous other complaints from AMP's female employees, which have thrown the 170-year-old company into further turmoil.
CORONAVIRUS PANDEMIC
Car dealers blame Andrews for 'catastrophic' lack of clarity
Victorian car dealers say the state Premier should spend more time meeting with business, and less on TV.
- Opinion
- Chanticleer
GPT shows property pain has not hit bottom
Falling rent collections and retail and office valuations hurt GPT in the June half. But is this just the start of a bigger problem?
Pandemic rent relief swallows GPT earnings
Across its diversified portfolio, GPT's shopping malls have taken the biggest hit from the pandemic .
- Exclusive
- Coronavirus pandemic
States mull extending rent relief measures
Business groups urged the government to continue the code of conduct that protects commercial tenants from being squeezed by landlords.
ACCC says Inghams can work with chicken rivals
The ACCC has given an emergency order enabling big chicken processors to work together to try to prevent food shortages.
Companies
ASIC releases Catherine Brenner
Her timing is nothing less than exquisite, coming as two direct reports of AMP's CEO are embroiled in allegations of sexual harassment against female staff.
- Updated
- Aviation
Qantas share-purchase plan falls flat with investors
The airline only managed to convince existing shareholders to tip in $71.7 million, despite the cap sitting at $500 million.
- Exclusive
- Funding
Kogan turns mounting pile towards tech start-ups
Growth in online retailing during lockdown made Ruslan Kogan hundreds of millions of dollars richer, and he believes the time is right to back the next generation of entrepreneurs.
Narrabri gas opponents flood IPC process
The Independent Planning Commission is expected to pick through the thousands of submissions urging the vetoing of Santos' NSW gas project and focus on provable facts.
Sims: how tech giants could pay for journalism
Regulators across the world are battling to deal with Facebook and Google's monopolistic powers, and if Sims' model works, you can bet the house the platforms will face similar regimes in other countries.
AFR profit season calendar and results
Here is a list of the results of Australian companies reporting their full-year financial results in the August reporting season.
- Exclusive
- Payments
Global fintech enlists Bendigo Bank in fight against forex fees
Transferwise, a fast growing peer-to-peer money changer, has teamed up with the regional bank to undercut hefty forex fees at the major banks.
Markets
- Analysis
- Investing
Frankfurt calling: inside the German appetite for Aussie stocks
More than a third of ASX-listed stocks are 'dual-listed' on the Frankfurt Stock Exchange. Who is buying them, and why?
Activist investor Merchant Group targets Webcentral shake-up
Merchant Group hopes it can make Webcentral's latest identity a successful one by blocking a US company's takeover bid for the struggling IT company.
Aussie sports stars team up to invest in tech start-ups
A group of Australian athletes representing the NBA, Test cricket, NRL, netball and AFL are investing in the next generation of tech companies.
These six US stocks are set for a 'monstrous rally' this week
'What people probably perceive as high-quality companies that just got absolutely obliterated ... could make a big bounce,' Fundstrat's Tom Lee says.
Why Macquarie's quant guru says human traders are here to stay
The market panic of March confirmed that the future of investing involves both man and machine, says Macquarie's markets engineer Scot Thompson.
Opinion
Vaccine key to V-shaped recovery
A team of economists should be working on how to create the long-term support that the economy might need in case a preventive shot or cure for COVID-19 proves elusive.
Columnist
Beirut’s blast is a warning for America
The fragmenting of the common good is destroying Middle Eastern society. It looks too much like US politics for comfort.
Contributor
TikTok tit for tat has only just started
Most US apps have long been banned in China, though US tech companies have found ways to make sales in the country anyway. Now that retaliation has started, shareholders should brace for the worst.
Contributor
COVID-19 casts the shadow of 1930s over liberal democracy
Unless economies are reopened soon there is a danger that snake-oil political extremism will gain traction, as it did during the Great Depression.
Columnist
Will private equity put AMP out of its misery?
AMP's recovery plan has been thrown even further off track amid a fresh executive scandal, as the coronavirus pandemic has derailed its cost-cutting plans.
Columnist
Steer China inside the lanes of the global system
As trade with China booms, Australia's priority is not to contain China's growth, but to keep it from riding roughshod over the region and inside the lanes of the international system.
Editorial
Politics
War Memorial upgrade won't come at veterans' expense: PM
Scott Morrison says the $500 million redevelopment of the Australian War Memorial is a 'tremendous project' which will not steer funds away from supporting war veterans' mental health.
Roy Hill talks down need for Aboriginal heritage law reforms
There are growing concerns about established land use agreements between miners and traditional owners, with work either stalled or under a cloud following Rio Tinto's blasting of Juukan Gorge.
Medicines to be priority as Post curbs bite
The Morrison government has ordered Australia Post to prioritise the delivery of urgent goods after Christine Holgate said the impact of Victoria's restrictions on deliveries was like the 'Suez Canal coming down a drainpipe'.
- Exclusive
- Defence spending
First 90pc, then 60pc, French still won't commit to local sub parts
Negotiations over a commitment to spend at least 60 per cent of the submarine contract with Australian firms have bogged down six months after it was first made.
- Exclusive
- MeToo movement
Dyson Heydon police investigation stalls
The investigation into allegations against former justice Dyson Heydon has stalled, with no victims coming forward and police saying it was not their policy to contact them.
SPONSORED
World
Donors pledge €253m in emergency aid for Lebanon
There were also pledges made for longer-term support that would depend on changes brought in by the authorities, French President Emmanuel Macron's office said.
- Opinion
- Trade
The great trade unwinding
The tectonic plates of trade are shifting in ways that will reshape economics and politics. Perhaps the biggest shift of all is the way in which the two superpowers are trading places.
- Analysis
- World politics
Boycotted, criticised, but Fox News leads the prime time pack
Fox News' ratings demonstrate the size and resilience of the audience for pro-Donald Trump opinion and the loyalty of its viewers despite controversies that routinely swirl around the network.
Britain mulls 'Australian solution' to boat arrivals
A record influx of illegal boat arrivals from France has prompted talk of naval involvement in turnback operations.
- Opinion
- Coronavirus pandemic
Virus exposes holes in Duterte’s 'iron fist' approach
The Philippine President's record in fighting what he has declared to be a 'war on many fronts' has been spotty at best, but he has been victorious in his assault against human rights and media freedom.
Property
Lockdown kills buyers' enthusiasm for Melbourne unit
A Hawthorn property went on sale the week before stage three restrictions were announced. A sale that initially looked easy then became the exact opposite.
Star broker turns to NZ as New York luxury market wilts
Now there’s a new item to add to the endless list of amenities touted in top-end real estate listings: a coronavirus-free existence.
Where to find a Sydney waterfront home for under $2m
In Oatley, the starting price for tidal waterfronts hovers around $1.8 million, rising to $4.5 million for lavish deep-waterfront abodes.
Melbourne home buyers embrace virtual auctions as sellers get real
Clearance rates rose strongly in Melbourne at the weekend as fewer vendors pulled out and more buyers pushed ahead with their purchase.
Dexus fund to offload $450m office tower in Melbourne CBD
A wholesale fund managed by Dexus is set to offload an office tower at 452 Flinders Street owned by Dexus' unlisted wholesale fund, DWPF.
Wealth
- Opinion
- Investing
Vital for SMSF investors to pick between trading and investing
Unless you're confident you can get both the buy and sell calls right, you're better off with systematic rebalancing of your portfolio along the way.
- Opinion
- Inflation
Why inflation will stay lower as global economies recover
Although the coronavirus has weakened demand, ageing demographics and technological advances are likely to exert downward pressure over the longer term.
What 30 years in global markets teaches us about COVID-19 fears
Analysis of global bond and equity markets since 1990 reveals some of the secrets to successful investing during good times and bad.
Technology
- Analysis
- Streaming
Could Disney's wish upon a Star be coming to Australia?
Australia was one of the first countries the US entertainment giant launched Disney+ in November last year, so the local industry will be taking note of Star.
Twitter courts ByteDance for TikTok
The US social media giant has entered the fray to buy the wildly popular Chinese-owned video-sharing app after US President Donald Trump vowed to ban it within 45 days.
Atlassian lets its staff stay at home forever
The Australian tech giant says it will 'measure outcomes, not clock hours' and hire talent from anywhere in the world, as it commits to a permanently flexible workforce.
Work & Careers
South Australia uni merger back on the cards
The effects of COVID-19 have helped resurrect efforts that were abandoned in 2018. Now there is also a proposal for a single higher education institution for the state.
Ramsay Centre bucks the trend on spending on university study
The new post-graduate scholarships are being launched at a time when university budgets are shrinking, especially for studying humanities.
Life & Luxury
CEO beats injuries with yoga app
Richard Maloney has used technology to practise asanas in airport lounges, on a plane and around the world, from Bali to Bolivia.
The man who captured every day style in the Big Apple
New from a legendary New York photographer's archives: five decades of street style.
Why the Beach Boys are up there with Mozart
In 'Echoes from the Canyon', Bob Dylan's son Jakob explores the legacy of the thriving music scene in LA's Hollywood Hills during the mid '60s.
Why women are posting black-and-white selfies
Questions have been raised about the practicality of a new Instagram campaign that uses black-and-white images of women in an effort to promote female empowerment.
Bluesfest owner sees red on profiteering
The booking agents for some Australian acts are trying to capitalise on a lack of foreign competition, veteran promoter Peter Noble says.
