- Exclusive
- Executive pay
Pandemic forces CEO pay cuts as annual bonuses drop 24pc
Paul Perreault toppled Macquarie's Shemara Wikramanayake as Australia's highest-paid CEO after a stellar year for CSL.
ASX to rise, techs bounce in New York
Australian shares are poised to open higher, as Wall Street regained its tech footing. $A slips. US bond market closed for Veterans' Day.
Britain mobilises medical profession for vaccination blitz
'All of us are going to die one day': Bolsonaro. Stockholm rushes to stem nursing home surge. Early harsh lockdowns have proved their economic worth. Follow live updates here.
Economy bounces out of recession
Further stimulus and a plunge in bank loan deferrals have underpinned the sharpest recovery in consumer confidence and property buying intentions on record.
- Live
- US votes 2020
Republicans move closer to Senate majority
Trump threatens more damage on his way out. Republican wins race for Senate seat in Alaska. Mexico's president in no rush to recognise Biden's victory. Follow live updates here.
ASX shakes off correction as bond yield rebounds
A COVID-19 vaccine within reach, plus the promise of stability in the White House, fuelled a sell-off in bonds and carried on the rotation within stocks reflecting unexpected optimism over economic growth.
- Exclusive
- Gas
China fallout hits Woodside Scarborough gas sale
Chinese parties had to drop out of the running to buy a stake in the $16b Scarborough project in Western Australia, Woodside chief executive Peter Coleman has revealed.
US ELECTION AFTERMATH
'Stop the Steal' supporters, restrained by Facebook, turn to Parler
The app, which has a free-speech doctrine, became the top new download over the weekend on Apple's App Store.
- Opinion
- US votes 2020
Getting Trump to concede is just the start of Biden's challenges
Joe Biden is determined to "keep calm and carry on" as President-elect. But it's not just Donald Trump making the usual transition to a new Administration as hard and as ugly as possible, writes Jennifer Hewett.
TikTok files petition to stop forced sale deadline
The prospects of the sale in the US are murkier since Joe Biden was elected president.
Biden says nothing will stop transition as Trump vows new legal action
Legal experts say litigation has little chance of changing the outcome, and state officials say there are no significant irregularities in the election.
- Opinion
- US votes 2020
Centrist Joe is precisely the president America needs
The economic security that Americans want to regain was built by postwar centrists, not radicals of left or right.
Companies
- Opinion
- Chanticleer
Why the big banks are back in favour
The pandemic gave momentum to a downward cycle in bank share prices that began in 2017. Now, with COVID-19 under control, the top-rated analyst says banks are a 'buy'.
Australian bet pays off for British gaming giant Flutter
The company fused its Sportsbet and BetEasy brands just ahead of the Spring Racing Carnival, and says the Aussie market is its 'standout performer'.
- Updated
- Casinos
Packer's lawyers seek to distance him from Crown failures
Their arguments appeared to run into an early obstacle when the commissioner pointed out the billionaire had accepted some responsibility during his evidence.
Forrest unveils staggering vision for Fortescue in renewables
The group is committed to becoming one of the world's biggest energy providers as it enters new era focused on decarbonisation and renewables.
- Opinion
- Chanticleer
Casino inquiry meets James Packer 2.0
With some impressive interpretive gymnastics, James Packer's legal team attempted to present him as a benign figure in Crown Resorts' orbit.
What the inquiry into audit quality recommended
A jargon-free guide to the 10 recommendations in the final parliamentary report into audit quality.
- Exclusive
- Tax disputes
Lendlease faces $300m tax fight
Lendlease faces a $300 million fight against the Australian Taxation Office, after its former tax adviser accused the company of double counting tax deductions.
Markets
Why US tech stocks are still a buy
Big tech names have faltered this week but a fundie who has good form in picking trends says we are only at the start of a multi-decade digital transformation.
Macquarie says vaccine changes everything, and nothing
Macquarie suggests unless the vaccine's side effects include structural inflation, then the rotation into value stocks may prove short term.
ASX finally exits months-long COVID-19 correction
Wednesday's move means the index closed 9.95 per cent below its February record high, taking it out of correction territory.
Oil market rally threatens OPEC+ cuts
The sharp rally in the oil market could prove self defeating, with OPEC and its allies less likely to roll over their production cuts into next year while the price of crude is elevated.
ASX closes at highest level since February
ASX momentum seen the ASX record its fifth consecutive gain, leaving the benchmark under 10pc from its all time high; InvoCare unveils $50m pet crematorium play.
Opinion
Getting Trump to concede is just the start of Biden's challenges
Joe Biden is determined to "keep calm and carry on" as President-elect. But it's not just Donald Trump making the usual transition to a new administration as hard and as ugly as possible.
Columnist
Centrist Joe is precisely the president America needs
The economic security that Americans want to regain was built by postwar centrists, not radicals of left or right.
Contributor
Biden offers just a glimmer of hope for liberal democracy
The right response to Biden’s election is hope without naivety. Trump has tested to destruction the idea that a solipsistic superpower determined to disrupt the global order will do much more than destroy its reputation.
Columnist
Labor's civil war hides Coalition's power failures
The climate wars are now pulling Labor apart. Yet the price of the Coalition’s new political edge on climate change is an incoherent energy policy that undermines investment in cheaper, cleaner and more reliable power supplies.
Editorial
How Australia and China can begin the great defrost
Multilateral work together on virus relief, trade and regional debt could be a circuit-breaker for a diplomatic chill.
Why an AMP board role is one of the trickiest jobs right now
The AMP board is under enormous pressure to wrap up the sale of the embattled group before it haemorrhages too many more staff or clients and the country heads off on summer holiday.
Columnist
Politics
Labor's unrest: There's no clear alternative to Albanese
While there is broad agreement that Anthony Albanese needs to lift, there is no consensus as to who would replace him
- Exclusive
- Workplace culture
Anthony Albanese imposes Labor 'bonk ban'
Labor has moved to adopt tough new rules after revelations of poor behaviour by MPs and staff at Parliament House.
Axing of responsible lending laws in doubt
The government's plan to scrap the responsible lending law for banks faces an uphill battle in the Senate.
Cosy audit relationships challenged under 10-year rule
Recommendations from a parliamentary inquiry are designed to limit long-term relationships between firms and auditors.
What the inquiry into audit quality recommended
A jargon-free guide to the 10 recommendations in the final parliamentary report into audit quality.
SPONSORED
World
Global uncertainty fails to curb China's online shopping spree
Two of China's biggest e-commerce giants reported a combined $119 billion in online sales during the early phase of the world's biggest shopping festival.
Remembrance Day bomb attack in Saudi Arabia wounds several
France has condemned the cowardly attack in the city of Jeddah, in which four people were reportedly slightly injured.
- Analysis
- World elections
NLD's Myanmar election win good for business
Voters have given Aung San Suu Kyi's National League for Democracy another five years to transform the crony economy left behind by decades of military rule.
US virus surge shows no sign of easing
Nearly 62,000 infected Americans lie in hospital beds - the highest number since April. More than a dozen states have hit new highs for hospitalisations this month.
The couple behind Pfizer's vaccine
For the husband-and-wife duo behind BioNTech, the COVID-19 vaccine is also a validation of the new type of drug that they've spent their careers chasing.
Property
- Exclusive
- Retail
Collins Street's home of Louis Vuitton in new hands
The four-storey building is thought to have sold about the $65 million mark, well in excess of initial expectations of about $50 million.
Shareholders thwart Unibail equity raising
Activist investors get seats on the board as Europe's debt-stricken mall giant grapples with the legacy of buying Westfield.
Housing sentiment bounces back to pre-COVID-19 levels
Homeowners are now less worried about the state of the property market, says the ME Quarterly Property Sentiment Report.
'Hold on to investment property', the students will come back
An analysis predicts student numbers will exceed their 2019 peak once international borders reopen.
Opal Tower builder Icon claims victory in $42m stoush over costs
Federal Court judge sides with builder in finding insurers also shared liability for costs relating to the residents.
Wealth
Inheritance capital gains tax quirks
There can be CGT payable by beneficiaries even if assets were bought pre-1985, writes John Wasiliev who answers your questions.
Sharemarket poised to rally into year end
Positive news of a vaccine on top of the US presidential election result has analysts hopeful of a much firmer outlook.
- Opinion
- Property investment
Property lessons from 1990s recession
While history offers hope for a strong market recovery, several concerning issues could stymie a rebound.
Technology
Electric vehicle taxes expected across Australia
South Australia's move to tax electric vehicle users for each kilometre they drive has caught many in the industry off-guard.
Half steps better than no steps for soon-to-be listed Plexure
New Zealand-based mobile engagement tech company Plexure is raising almost $35 million, as it prepares for a secondary listing on the Australian exchange.
Brussels adds Amazon to its list of Big Tech targets
The EU says Amazon is leveraging its marketplace for its own advantage, as Brussels picks yet another trans-Atlantic fight.
Work & Careers
Aged care workers want 25 per cent pay rise
More than 200,000 personal carers, catering, cleaning and admin workers in aged care centres would see their wages rise by at least $5 an hour if the union wins its new pay claim.
- Opinion
- Wage Slave
Fake vegans and the Trump split of 2020
As a recent tofu burger battle attests, business and those tasked with managing should tread carefully through the wreckage of post-Trump society.
Life & Luxury
Sidney Nolan's Ned-head template among affordable lots on sale
Among the 124 items are works with surprisingly low estimates for an artist of this calibre, as well as several that are particularly notable.
Battered hotels pitch themselves as remote workspaces
Eager to get guests back in their empty rooms, hotels and resorts are pitching themselves as remote workspaces.
Pop star lists Toorak home for $7m
Singer-songwriter Tina Arena bought the grand residence in the exclusive Melbourne suburb for $5,733,000 in 2017, records show.
McDonald's to launch crispy chicken sandwich in war with rivals
The highly anticipated item to take on Popeye's and Chick-fil-A was announced during an investor presentation on its 'Accelerating the Arches' growth strategy.
'Lockdown' named word of the year
Collins Dictionary says it has tracked a surge in use of the word in 2020 as nations closed businesses and imposed stay at home orders to try to contain the coronavirus pandemic.
