- Live
- Markets Live
ASX hits eight month high; REA, Domain at record highs
The Australian sharemarket has risen to its highest level since March 5; Joe Biden has been declared President-elect; Karoon Energy completes Bauna acquisition; Tabcorp restores services following Saturday outage; Crown Melbourne set to reopen.
- Opinion
- Tax avoidance
ATO loses landmark gold case, creating a budget hole
The Australian Taxation Office faces a budget black hole of more than $1.15 billion after it lost one of its most controversial tax cases on Friday.
- Opinion
- US election
The left can't ignore the help it gave Donald Trump
America's poor want jobs, not welfare or patronising socialism. Trump got this, but the progressives do not.
- Live
- US votes 2020
Trump a no-show; transition pressure grows
Donald Trump is yet to speak publicly about the election result, as pressure grows on him to accept defeat and begin the process of handing over to President-elect Joe Biden. Australian shares rose and so did COVID-19 cases in the United States. Follow updates here.
'Extreme and unrelenting' pressure on ABC over MPs sex investigation
ABC boss David Anderson will give evidence to a Senate committee on Monday, ahead of an investigation by Four Corners.
- Opinion
- Chanticleer
Fink sees ‘a seismic reallocation of capital’
BlackRock boss Larry Fink says the firm is already winning fund flows thanks to the push by clients to invest with a climate risk overlay.
Coronavirus cases total top 50 million globally
Coronavirus cases have topped 50 million, with the US representing a fifth of all cases. Both NSW and Victoria have recorded no new locally acquired COVID-19 cases. Follow the latest updates.
AMERICA VOTES
A 'terrifying’ COVID surge will land in Biden’s lap
The President-elect is in line to inherit one of the most serious and complicated national crises that any incoming president in more than a half-century has faced.
How Trump could unleash bedlam in his final days
US President Donald Trump may have lost his bid for re-election, but his presidency and capacity for disruption are far from over.
What happens now: from electoral college to inauguration
There are still many weeks to go in the formal process to install Joe Biden as the next US president, after his election victory. Here are the key dates and processes between now and inauguration day.
Lame-duck Congress, President face huge challenges in coming weeks
Congress faces a government shutdown deadline and crucial economic relief negotiations at a moment of extraordinary national uncertainty.
- Analysis
- US votes 2020
Reality TV presidency cancelled after four-year run
After Donald Trump's victory in 2016, Republicans said he would pivot to being presidential. But the naivety of that view was exposed on inauguration day. Things just got weirder after that.
Companies
Coca-Cola Amatil shares rise as investors anticipate higher bid
At $12.65, Amatil shares are trading just 10 cents short of Coke Europe's offer.
Alice McCall becomes yet another fashion victim of COVID-19
Citing COVID-19 and 'unsustainable' rental agreements, the 16-year-old label will shut stores and lay off employees.
Eyeing $US1b turnover, Sezzle turns to 'win-win' financing structure
The US-focused buy now, pay later player has said a structure that sees it borrow from its own merchant clients is part of its capital management plan.
Crown Melbourne cleared to open as regulators circle
The move will see every second electronic gaming machine or table game deactivated and patrons limited to 90 minutes per day in the casino.
Pet vitamins a new battleground in Blackmores and Swisse tussle
The owner of the Swisse brand has made a $224 million acquisition in pet nutrition in the US, while Blackmores is pushing hard in a growing sector in Australia.
Peabody's Australian coal mines key to refinancing
Australian governments have a tight grip on Peabody's mine rehabilitation bonds, as it seeks to use Australian subsidiaries to execute a refinancing.
CommBank's Aussie Home Loans shacks up for talks with Lendi
Commonwealth Bank of Australia is in talks to merge its old-fashioned mortgage broker Aussie Home Loans with sector newcomer Lendi.
Markets
- Analysis
- Fintech
PayPal's rise leaves buy now, pay later sector on knife edge
Whether investor enthusiasm for the buy now, pay later sector is out of control and fuelled by government stimulus, or justified, is yet to be determined.
Quest: the quiet achievers of the Australian equities market
For 15 years, Quest Asset Partners has gone about picking winners and avoiding losers in the Australian market.
- Exclusive
- IPO
TikTok generation to fuel Universal Store float
Universal Store chief executive Alice Barbery says her Gen Z customers haven't been hit by the pandemic in the same ways as other consumers.
Macquarie's MIRA bids for ASX-listed farm owner Vitalharvest
Macquarie Infrastructure and Real Assets had made a $1 a unit cash bid for ASX-listed agricultural land owner Vitalharvest Freehold Trust.
Transurban on road to recovery after tough year takes its toll
The company's outlook is improving in Australia as the number of COVID-19 cases drop but the US remains a difficult market.
Opinion
With Australia-China relationship at a critical point, can Biden help?
With Australia's relationship with China at a very dangerous stage, the timing of what is expected to be a 'more nuanced' approach from a Biden administration could not be more welcome.
Political editor
Shadow haunts Biden's promise of a brighter future
Joe Biden is appealing to America's 'better angels' over its 'darkest impulses', but is it even possible for the US to dream of ending the country's bitter polarisation?
Columnist
A stronger Australia is needed for post-Trump America
A Biden presidency will not resolve Australia’s strategic dilemma. The country needs to continue to protect its sovereignty and build a stronger economy.
Editorial
President Biden has no option but to govern from the centre
The tight election means Joe Biden will have to run a moderate administration. That's good for America after the hyper-partisanship of the Trump years.
Columnist
No return to the America of old
In a society rent by deep domestic cleavages, it is wishful thinking to expect a Biden presidency to restore America's historic leadership role in the Asia-Pacific region.
Columnist
Biden will have one hand tied behind his back from the start
Donald Trump is unlikely to be helpful during the 10-week transition between now and inauguration day. After that, Biden's known capacity for working with Republicans will really be tested.
Columnist
Politics
China adviser urges Morrison olive branch to halt trade war
An adviser to China's Commerce Ministry says there are things the Morrison government can do to salvage Australia's most important trade relationship.
Tribunal fast-tracks JobKeeper eligibility challenge
A tribunal is considering an appeal over the federal government's eligibility rules for JobKeeper, a challenge which could result is more small businesses receiving the payments.
PM to test China with veto powers
The foreign relations bill would give the Commonwealth wide powers to veto agreements between the states, local government and universities and foreign powers.
PM will work with Biden on climate but won't change policy
Scott Morrison says he will hold his ground on climate change policy in the wake of Joe Biden's victory. Views differ within Labor.
NSW unveils 'energy superpower' vision, backed by batteries
NSW's blueprint for its electricity sector envisages $32 billion of private investment in energy infrastructure by 2030.
SPONSORED
World
Myanmar's Suu Kyi favoured to win as election gets under way
The National League for Democracy is expected to win a second term in the second general election since the end of decades of military-backed rule.
Bollywood fights back against prime time slurs
Finding themselves at the centre of a media trial, Bollywood stars say the TV channels' coverage is defamatory and have asked the court to block such reporting.
'Welcome back America': World leaders greet Biden win
The relief at Joe Biden's victory is palpable in Europe as Donald Trump seemed to revel in goading the Continent over Brexit, trade and the future of the NATO alliance.
Operation Moonshot: How Europe hopes to break the lockdown cycle
As the number of COVID-19 cases mount in Britain and across Europe, governments are praying for a vaccine and trialling large-scale testing to get through the crisis.
Europe to pay painful price for second lockdowns
A $1.2tn EU recovery fund is yet to ride to the rescue, as European economies face at least a two-year journey back to pre-pandemic levels.
Property
Macquarie lobs $300m cash bid to buy Vitalharvest
Macquarie Infrastructure and Real Assets has lobbed its bid as either a scheme agreement to acquire all 185 million units in the trust at $1 each or failing sufficient support for that, a $300 million offer to buy the assets directly.
Pre-Christmas rush begins in Sydney property market
In Sydney 76 per cent of the 776 properties scheduled for auction sold on Saturday, while in Melbourne 68 per cent of 480 homes sold under the hammer.
- Exclusive
- Hotels
Mondrian hotel to open on the Gold Coast in 2023
Hotel operator Accor CEO Simon McGrath says domestic and international tourism will begin to normalise over the next few years.
- Exclusive
- Commercial real estate
Larry Kestelman shoots basketball and property goals in Glenorchy
The Rich List developer and National Basketball League owner has plans approved for a $200 million sports precinct on Hobart's northern edge.
COVID-19 is supersizing Australian homes
Australian homes are growing and now rival the US for size, according to a report from CommSec.
Wealth
Meet the Millennial smashing his dad at share trading
What started as a hobby for 31-year-old Tom Lowe, quickly became a friendly stockpicking competition with his dad.
- Opinion
- SMSFs
SMSF trustee guide to navigating way through pandemic
With COVID-19 having moved the goalposts even more dramatically than the GFC, failure to keep up with the changes will be costly.
- Opinion
- Superannuation
How in-house investments unravelled Dixon
John Wasiliev looks at what went wrong at Dixon Advisory and what happens next.
Technology
- Exclusive
- Venture capital
Remote worker management tech start-up raises funds
Australian venture capital fund Future Now Ventures has backed JESI, a start-up that has built technology to help organisations keep tabs on remote workers.
- Exclusive
- Cyber security
BCG's cyber boss says boards must spend less, take more responsibility
Global consulting giant BCG will run its cyber practice from Melbourne, and its new boss says companies must stop throwing money at the problem.
No social media is safe: how election misinformation spread
Pinterest, LinkedIn and other smaller social media sites have again been forced into the war against misinformation this US election cycle.
Work & Careers
'Brutal' year for Victorian students approaches end
For final-year students approaching the VCE, it's been hard – but there have been some good lessons.
Nursing report goes unanswered a year after it was handed down
The report made sweeping recommendations to reform nursing education, but there has been no official response.
Life & Luxury
The brand that spotted a gap in the sunscreen market
The founders of Australian suncare brand Ultra Violette are on a mission to make sun protection sexy.
Get ready for the summer of seltzers
Alcohol brands are going hard after Australia's summer daytime drinking crowd by marketing all new seltzers and ciders.
Wash or wipe? The odd lesson this MD learnt from a yoga guru in India
Since taking up yoga five years ago, Prime Build managing director Dean Willemsen has had his hamstrings stretched and his mind expanded.
Porsche and Embraer are selling a jet and car combo for $15m
The limited-edition pairing of the Phenom 300E private jet and 911 Turbo S supercar includes a custom Porsche Design 1919 Globetimer UTC watch and luggage set.
Donors race to back exhibition highlighting Australian women artists
The National Gallery of Australia's Know My Name initiative celebrates female artists from 1900 to the present day.
