Frydenberg to accuse regulators of hurting recovery
The federal Treasurer will provide a fiery start to The Australian Financial Review Banking & Wealth Summit, saying overzealous regulators have made lenders more risk-averse.
Australia-Japan defence pact a 'pivotal moment': PM
Scott Morrison and his Japanese counterpart Yoshihide Suga reached in-principle agreement on a two-way defence treaty in Tokyo on Tuesday night.
ASIC raises hell after another ASX component fails
The ASX's comeback from the longest outage in four years did not go as smoothly as hoped on Tuesday and was impeded by delays, eventually resolved, with the ageing CHESS system late in the session.
NSW takes the lead on ending stamp duty
Businesses and economists have praised the state budget, which has proposed an optional move away from stamp duty to an annual property tax based on land value.
SA orders 4000 into quarantine as cluster grows
Premier Steven Marshall says the state is ''not out of the woods yet'' as five new COVID-19 cases were reported on Tuesday.
- Exclusive
- Superannuation
Questions over super fund switches during pandemic turmoil
Liberal MP Tim Wilson says super trustees and executives may have benefited by moving money out of virus-exposed funds.
Unibail CEO teeters on exit after activists seize board control
Rebel ringleader Leon Bressler became chairman after torpedoing Chris Cuvillier's $5.7 billion equity raising, prompting media speculation the CEO will quit.
Companies
- Opinion
- Chanticleer
Tectonic shift in mobile market happening under ACCC's nose
The biggest shake-up in the mobile virtual network operator market in 20 years is putting the spotlight on the competition regulator's telco industry policymaking.
Nine board pushed on CEO succession, clarity on Marks exit
While shareholders have credited the company for having internal candidates ready following Hugh Marks' surprise resignation on Saturday, they said the situation puts pressure on the board to retain executives.
- Exclusive
- Regulation
ASIC launches credit card, travel expenses review
The Australian Securities and Investments Commission earlier this month appointed Melbourne-based Pitt Group to provide assurance advice over its corporate expenses.
Can a new mine save BHP's loss-making Olympic Dam?
It has considered bulldozers and brownfield expansions, but now BHP's hopes of fixing its Olympic Dam mine rest on a copper discovery at nearby Oak Dam.
- Exclusive
- Retail
Why Decathlon is deviating from its past strategy
The company has signed partnerships with brands and businesses such as Speedo, eBay and DHL.
New vaccine doubles optimism, but no dancing in the streets yet
Moderna widens the window on how a COVID-19 vaccine can work and shows extra benefits, but its results are all unpublished and preliminary.
AGL hits pause on NSW gas power after energy road map
Plans to install a big battery at the Liddell site in the Hunter Valley are also in doubt because of the government's energy strategy plan.
Markets
- Analysis
- World markets
Vaccine is kryptonite for US dollar
Some of the world's biggest banks are calling for further US dollar weakness should a vaccine spark a global recovery. That's a headache the RBA doesn't need.
Vaccine breakthrough 'very exciting' for markets
A second major vaccine breakthrough in as many weeks has driven another rally in risk assets across the globe, with value stocks the big winner on the local market.
Vaccine breakthrough pushes ASX to nine-month high
The Australian sharemarket rose to a nine-month high on Tuesday as news of a second vaccine buoyed hopes for a faster than expected economic recovery.
ASX edges higher on bank gains; CHESS issues persist
The ASX 200 has claimed a fresh nine-month high as the major banks offset broader market weakness; restrictions-exposed companies outperform after promising vaccine trial results; the ASX is investigating a problem impacting CHESS. Follow updates here.
$A back above US73¢ as economy looks better
Growing optimism for a vaccine-led global growth recovery once again lit up markets.
Opinion
How a resilient financial system supports the recovery
The federal government is pursuing structural financial reforms that will boost the post-virus economy and bring better consumer outcomes.
Treasurer
NSW budget leads the way on tax reform
While the Morrison government shies away from federation tax and financial reform, the NSW government deserves credit for its bold budget measures.
Editorial
The ASX must get its technology right
Sharemarket operations must be about security, stability and transparency. That has not been happening.
Editorial
RBA's intentions misunderstood, says McKibbin
Former Reserve Bank board member Warwrick McKibbin does not expect $100 billion of bond purchases by the Reserve Bank to have any meaningful effect on the economy.
Senior reporter
What can the new vaccines deliver?
The world is relieved at new inoculations against COVID-19. They will fix the symptoms – but can they stop its spread?
Contributor
Biden’s flawed plan for global leadership
The President-elect will find it hard to persuade Americans the US can benefit from international engagement, without automatically taking the leadership role.
Columnist
Politics
NSW takes the lead on ending stamp duty
Businesses and economists have praised the state budget, which has proposed an optional move away from stamp duty to an annual property tax based on land value.
'No evidence' to support border closures to SA
Greg Hunt says South Australia is less likely to have a widespread coronavirus outbreak compared with Victoria because of its robust testing and tracing regime.
SA orders 4000 into quarantine as cluster grows
Premier Steven Marshall says the state is ''not out of the woods yet'' as five new COVID-19 cases were reported on Tuesday.
'It's fake': Albanese rebuffs bullying allegations
Labor leader Anthony Albanese has been put on the defensive following publication of an anonymous letter alleging bullying by his office.
The winners and losers of the NSW 2020 budget
NSW diners are some of the big winners in the state budget, with the government handing out $100 worth of vouchers to spend on hospitality and entertainment.
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World
American 'dark winter' looms as states brace for surge
As new cases surge by the most since the pandemic began, President-elect Joe Biden says "more people may die" if departing President Donald Trump keeps blocking a transition of power.
How Trump was talked down from a hit on Iran
The President might still be looking at ways to hit Iranian assets and allies, including militias in Iraq, officials said.
US could have two vaccines good to go next month
The United States could have as many as 60 million doses of vaccine available before the end of the year.
The secret club for billionaires who care about climate change
A select group of super-wealthy families have decided they want to take climate change more seriously – or, rather, their investment portfolio should.
Europe must break 'Chinese-American duopoly', Macron says
The French President imagines an assertively independent European Union espousing a new 'Paris Consensus' on the economy.
Property
Unibail CEO teeters on exit after activists seize board control
Rebel ringleader Leon Bressler became chairman after torpedoing Chris Cuvillier's $5.7 billion equity raising, prompting media speculation the CEO will quit.
Stamp duty fix may cause short-term hit to property demand
The pandemic is forcing policymakers to grapple with reforms they have not been able to tackle so far, says economist Shane Oliver.
Push needed for workplace return, UBS conference told
UBS ran a straw poll among its conference attendees: 70 per cent were working from home as they listened in, while 28 per cent were in their offices. Two per cent listed their location as 'other'.
Charter Hall acquires $353m Bunnings portfolio
The six properties that formed CBRE Global Investors' Asia Pacific Bunnings Trust are mainly located in Sydney, Melbourne and Brisbane.
Lendlease exits US solar farms business
The energy business divestment follows Lendlease's sale last month of its US telecommunications platform to Apollo Global Management.
Wealth
Musk's eventful week continues as fortune jumps $US15b
Musk is poised to become the world's third-richest person after his net worth swelled by more than $US15 billion in extended trading.
- Opinion
- Portfolio management
Alternative thinking can supercharge your portfolio
Investors need more than just traditional bonds and equities as rates hover around zero. They should focus on dynamics, innovation and returns.
- Opinion
- Investing
Why it's better to stay invested
A panic move to cash after the start of the pandemic would have left you out on the sidelines, while a diversified portfolio smoothed the highs and lows and outperformed equities.
Technology
SpaceX closes in on space station
SpaceX’s newly launched capsule with four astronauts docked on the International Space Station on Tuesday, their new home until next year.
- Opinion
- Review
I hate how much I love the iPhone mini
Darn it! Apple's new, diminutive phone is surprisingly usable, and almost as addictive as any other iPhone.
- Exclusive
- Leadership lessons
Former AMP Bank boss bolsters Culture Amp's executive team
Sally Bruce realised her three loves – building a culture that encourages diversity, 'positive disruption' and change – could be unified in a different setting.
Work & Careers
Leading law firm slugged $160k for deception
The Federal Court found the local arm of Norton Rose Fulbright had deceived a former partner into dropping a Fair Work claim over his dismissal.
Why this executive still dreams of the one that got away
Warren Zietsman got hooked on fishing as a toddler and always takes a rod with him, whether he's heading inland or to the beach.
Life & Luxury
The 'Airbnb of textiles' has arrived in Australia
New Yorker Stephanie Benedetto is helping the fashion industry solve its sustainability crisis by finding new purpose for dead stock. Now she's bringing her business Down Under.
Instagram launches its first online-only shopping night
David Jones is on board as the social media network leans into its identity as a virtual Christmas shopping mall with "InstaNight Shopping" on December 3.
How's the serenity? Wilderness cabins and a stylish city retreat
Unyoked's founders are set to debut eight new remote-stay cabins, while Victoria continues to reopen, with a new hotel and two enticing NGV exhibitions.
We are here: new gallery opens in Sydney's west
The Granville Centre Art Gallery near Parramatta is making its debut with exhibition of works by Dharug artists.
How to stop witnesses from being treated like criminals in court
ABC journalist Louise Milligan is lobbying for change after experiencing the trauma of being a witness first-hand.
