Markets hit records as Pfizer says vaccine is more than 90pc effective
Experts stress the news is preliminary data and a vaccine is still some time away - but it did not stop sharemarkets from taking off in response.
- Exclusive
- Fixed income
ASIC keeps identity of cash fund marketers secret
Ten fund managers wrist-slapped for labelling their products in a misleading way told ASIC that disclosing their identity could harm the relationship.
Equities toast bullish end to US presidential race
The S&P/ASX 200 Index closed at an eight-month high as the end to the US presidential race paved the way for four more years of market-friendly conditions.
- Exclusive
- Business IT
Leaked documents expose Toll-Accenture IT car crash
A company-wide IT system at the logistics giant was meant to cover 300 financial functions. By the go-live date, it covered 17, confidential papers reveal.
Former staffer alleges affair with Population Minister Alan Tudge
The Population Minister and the Attorney-General Christian Porter are implicated in an investigation into inappropriate behaviour in Canberra.
Fear of lame-duck chaos as Trump stays silent on concession
Donald Trump’s refusal to concede defeat is stoking fears he will throw up roadblocks and booby traps for Joe Biden that could shut down government.
- Exclusive
- China
Morrison to join forces with Japan
Scott Morrison is set to sign a defence pact with Japan that is aimed at sending a strong message on the importance of alliances in the Indo-Pacific.
AMERICA VOTES
Early signs of Trump brake on quick Biden transition
Paperwork unlocking millions of dollars and giving taxpayer-funded transition teams access to government officials, office space and equipment look likely to be held up.
- Opinion
- US votes 2020
Obama's presidential style gets another term
Joe Biden is not so much an agent of change, as a reversion agent – he was elected to Make America Able to Sleep Again.
Biden and transition team ready to move on cabinet picks
The US President-elect and his transition team are expected to move quickly to fill positions in his cabinet, although he may be forced to make more moderate selections if Republicans retain control of the Senate.
A 'terrifying’ COVID-19 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.
- Analysis
- US votes 2020
Biden – and science – will change how the pandemic is managed
Public health officials hope there will be a definite shift towards the science of containing the pandemic once the President-elect takes office.
Companies
Ex-CIMIC chairman $35m better off than investors
Marcelino Fernandez Verdes made at least $35m out of the company but investors are no better off than when he arrived in 2014.
Coca-Cola Amatil shares rise as investors anticipate higher bid
At $12.69, Amatil shares are trading just 6 cents short of Coke Europe's offer.
ANZ exec bonuses cut, salaries hiked
ANZ's top brass will receive lower overall packages as bonuses were cut, but the pain was lessened by fixed salary increases.
Global Switch fire system incident triggered major Tabcorp outage
Tabcorp wagering services were forced offline over the weekend thanks to a smoke and "likely fire" incident at Global Switch's data centre in Sydney.
Banks bury AUSTRAC in junk reports
Banks on the back foot are contributing to a steep rise in suspicious matter reports to the financial intelligence regulator.
NSW energy plan raises worries on risks for consumers
The state's big plan to transform its energy market towards renewables is loved by clean energy investors but consumer groups and other energy suppliers are worried.
- Exclusive
- Broadcast rights
Stan, Nine set to snare French Open and Wimbledon
The media company and its streaming subsidiary hope to become the home of grand slam tennis, after securing Rugby Australia's rights for $100 million.
Markets
ASX roars to eight-month high, climbing 1.8pc
The Australian sharemarket charged higher on Monday with US President-elect Joe Biden's victory ending uncertainty that has weighed on the investment outlook for much of the year.
Why REA and Domain shares surged to records
Record low interest rates and a better than expected result from REA Group have boosted its shares and those of rival Domain
$A momentum lifts with US Senate outcome
The Federal Reserve could be forced to take action at its meeting in December if fiscal relief is caught in the US Senate, and see the Aussie dollar rise further.
ASX closes at eight month high; REA, Domain at record highs
The Australian sharemarket has closed at 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.
Ant faces tortuous path back to market as Beijing tightens rules
China’s agile fintechs expected to be treated more like closely controlled banks
Opinion
ASIC in limbo as it stares at an uncertain future
There's a sense of despondency at Australia's corporate watchdog as the Morrison government awaits the Thom review before making some big decisions.
Columnist
Australia needs a total strategy to manage Beijing
Protecting the prosperity created by the rise of China means Australia must also have the national maturity to get serious about dealing with the security challenges posed by China.
Editorial
Australian exporters' China problem will only get worse
Australia is hoping a Biden presidency will manage some of the tensions between China and the US. But none of this will fix the tensions between Beijing and Canberra.
Columnist
How Australia can reboot its ties with the US and China
Reviving the Trans-Pacific Partnership is the kind of project that Canberra, Washington, and even Beijing could embrace together.
Columnist
Morrison left exposed to climate damage by Biden win
By refusing to budge on setting a net zero date, Canberra risks being forced to act anyway.
Columnist
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
Politics
Net zero emissions desirable by 2050: PM
Scott Morrison says Australia could achieve net zero emissions by 2050. But he won't mandate it.
Queensland now has more active COVID-19 cases than Victoria
Queensland Premier Annastacia Palaszczuk says she has no plans to bring forward her monthly border decision meeting, despite pleas from the tourism industry.
Executives look forward to NSW reopening to Victoria
For one boss, it's been tough being locked down in Melbourne as his company opens new shops, while another executive has yet to meet her new boss and staff.
Trump backers live on in Canberra
Coalition MPs don't want to count the US President out just yet, with George Christensen and Craig Kelly publicly casting doubt that the US election has fallen in Joe Biden's favour.
Battle looms over JobMaker wage subsidy scheme
Labor and crossbench senators want changes to JobMaker, arguing too many workers will be excluded from the hiring credit scheme.
SPONSORED
World
- Exclusive
- Commercial real estate
Rich Lister Andrew Forrest's big push into property
Billionaire mining magnate Andrew Forrest has made a strategic push into real estate through his private investment company Tattarang, as the group ramps up its portfolio beyond resources.
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.
Perth's global link spurs Equinix data centre
Sub-sea cables connecting Singapore to Perth make it Australia's second digital gateway to the world, and cut the time taken by traffic into and out of data centres there.
- Exclusive
- Property development
Build-to-rent boost would stimulate recovery: Allens, Urbis report
The build-to-rent sector has the ability to keep cranes in the sky and people on the tools, a new report says.
Domacom punts fractional investment in affordable housing
The ASX-listed investment platform is teaming up with affordable housing provider BlueCHP to boost private capital in key worker housing.
Property
New metro to spur Flinders Street development
The historical Flinders Street building stands just near what will become the entrance to a new metro tunnel and a steady stream of daily commuters.
Domacom punts fractional investment in affordable housing
The ASX-listed investment platform is teaming up with affordable housing provider BlueCHP to boost private capital in key worker housing.
Singaporean developer Wee Hur buys $46m site for student accommodation
Listed Singaporean developer Wee Hur is looking past COVID-19 and a current slump in overseas students in Australia with plans to build more student accommodation.
It’s tea time at the historical mansion built for a bookie
An elaborate Melbourne mansion with a former life as a wedding reception centre will soon become an afternoon tea destination.
Two 'completely different' buyers fight for commuter-belt acreage
As metropolitan Melbourne emerges from the pandemic, many have made resolutions about where and how they want to live - and will fight for it.
Wealth
- Opinion
- Aged care
Why it's a mistake to pay aged care deposit for mum or dad
Helping out with lump sums often means increased costs elsewhere for your parents, so run through the numbers to decide on the best way you can help out.
- Opinion
- Investing
Compelling case for alternative assets
'Dark kitchens' and better healthcare are just a few examples of how fund managers are profiting from meeting changing needs.
- Opinion
- Sharemarket
China dynamics offer rare earth opportunities
Australian producers could benefit as the US looks to diversify where it sources rare earths, used in anything from technology to healthcare.
Technology
Aussies fear tech regulatory crackdown will stall in new US Senate
Australian tech leaders say big tech is set for a reprieve from any major regulatory changes for at least two years, after the result of the US election.
Federal facial recognition identity technology to check 'liveness'
An Australia-wide identity system using advanced facial recognition testing to ensure security, is being prepared to go live mid next year.
- Opinion
- Tech crackdown
Fake news is just the tip of the (melting) iceberg
The US election might go down in history as the beginning of an era when Big Tech finally acknowledged the devastating effect it has been having on public discourse.
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.
- Opinion
- Diet
The A to Z list of foods that are good for you
As a nutritionist, I've compiled an alphabet of healthy consumables. Yours might differ according to your own health needs, of course, but this is mine.
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.
