- Live
- Banking Summit
NAB CEO McEwan warns on apartment prices
NAB CEO Ross McEwan says CBD apartment prices will fall; ASIC is chasing two dozen for criminal charges; CBA CEO Matt Comyn says Afterpay and its peers will be reined in by regulators; APRA's Wayne Byres says capital rules will change; Follow updates live.
AFP raid CFMEU's Sydney headquarters
South Australia ramps up testing as outbreak grows. ACT records one new case. Federal police raid CFMEU's Sydney headquarters. Victoria's contact tracing system was 'overwhelmed'. Berejiklian tests negative for virus. Follow live updates here.
- Live
- US votes 2020
Trump sacks official who called election 'most secure in history'
The US plans to withdraw 2200 troops from the Middle East; Facebook, Twitter were grilled anew over their alleged political bias; Biden has named his top White House staff. Follow live updates here.
- Live
- Markets Live
ASX rises; wage growth slumps to record low
The Australian sharemarket is trading higher; the ASX will suspend use of Centre Point until further notice; wage growth has slumped to its lowest level on record.
- Exclusive
- Office
More men want to return to the office than women
The pandemic is forcing employers to confront diversity more than ever before - now they will have to if they want to make the most of their workforce.
- Opinion
- Chanticleer
CBA sees 'quite buoyant' property market
CBA boss Matt Comyn said the housing market is no longer a risk to the post-COVID economy and expects property prices will rise 5 per cent next year.
Virgin business class under review as Hrdlicka starts
New chief executive Jayne Hrdlicka has given the first indication of what customers can expect when they fly with Virgin 2.0.
Companies
CBA CEO Comyn says property investors will return
The boss of Australia's biggest bank is optimistic about the recovery with property investors set to return where they can find value.
Kogan.com board faces backlash over 'egregious' options
Proxy advisers have threatened retaliation if Kogan.com issues options to co-founders Ruslan Kogan and David Shafer against shareholders' wishes.
BHP says Asian giants deserve bigger say on trade
BHP boss Mike Henry says the spirit of Bretton Woods must be revived, but in a way that embraces Asian superpowers
United Malt fears for beer if lockdowns return
The global malt supplier is worried about a second and third wave of COVID-19 after beer sales take a hit.
A2 Milk wary about meeting reduced sales target
The baby formula and milk supplier needs an improvement in daigou channel sales even to meet its reduced sales guidance for 2021.
- 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.
Ransomware becomes a million-dollar menace for Aussie firms
A global survey has found two-thirds of Australian companies are being targeted by ransomware attacks.
Markets
Tesla value jumps $US40b as it prepares for S&P listing
Shares of Tesla Inc rose as much as 12 per cent after S&P Dow Jones Indices confirmed the company would be added to Wall Street's main index from December 21.
- Exclusive
- Superannuation
Super execs questioned over 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.
What happened in markets overnight
Australian shares are set to open modestly higher as the Moderna vaccine euphoria tempered. Gold, oil eased. $A slips.
- 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.
Opinion
Why inflation could be on the way back
The global economy may be shifting as it did four decades ago.
Columnist
NSW's brave stamp duty switch should be even bolder
Instead of a slow opt-in transition, moving all property owners onto a land tax system in one fell blow would be a fairer and simpler reform.
Contributor
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
Politics
'Getting on with it': ASIC's policy days are over
ASIC's acting chairman Karen Chester says the "recent past of an ASIC imploring the government for new regulatory powers and better field coverage is just that. The past".
Ditch the psychologists, focus on the law: Frydenberg
Treasurer Josh Frydenberg has told The Australian Financial Review Banking & Wealth Summit that the just because he is pushing back on regulators it doesn't mean that he is favouring the banks.
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.
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.
- Analysis
- Japan
New dawn for Australia, Japan defence ties
A defence pact to be agreed to in Tokyo will make it easier for Australian and Japanese soldiers, sailors and pilots to work together and conduct exercises.
SPONSORED
World
Biden names top White House aides
President-elect Joe Biden named several senior staffers for his White House, while advisers warned that Donald Trump's stalling of the official transition could compromise America's COVID-19 response.
Amazon expands push into healthcare with online pharmacy
The expansion puts Amazon into more direct competition with pharmacy giants CVS Health and Walgreens Boots Alliance, the two largest chains in the US.
Europe struggles to light fuse on fiscal cannon
Veto-wielding Polish and Hungarian populists threaten to derail a $2.9 trillion COVID-19 recovery package, adding to Europe's economic woes.
US announces Gulf troop draw down just days from Biden's inauguration
The controversial move was announced by the acting Pentagon chief Donald Trump appointed only last week and creates fresh doubts about Australia's involvement.
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.
Property
Macquarie gets green light for Vitalharvest takeover
Primewest, the fund's manager and biggest shareholder has backed the takeover of the trust by Macquarie's real estate arm.
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.
Wealth
Something ventured, something gained for high-flying VC investors
Australia's venture capital scene is growing fast but still has a long way to go to compete with trailblazers in other parts of the world such as Silicon Valley.
- Explainer
- Wealth Generation
Why tech stocks are tanking on vaccine news
The markets are undergoing a major rotation from pandemic winners to lockdown losers. Should you jump on the "recovery bandwagon"?
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.
Technology
Facebook, Twitter CEOs confronted over speech rules
US senators renewed accusations that the companies are failing to moderate online speech and showed bipartisan support for changing a law that protects them from lawsuits.
- 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.
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.
Work & Careers
Lessons in losing from Cleopatra to Love Island
As the world waits for Donald Trump to concede, here is a short history of defeat that shows however we respond, it reveals us.
- Boss
- Governance
'Before you go to bed, tell the right person': advice to CEOs
Diane Smith-Gander says a relationship between a CEO and an employee is never possible, but not all her director peers support a 'bonk ban' for companies.
Life & Luxury
Living artists set records at $13m D&H sale
While Russell Drysdale's Going to the Pictures didn't hit the hoped for heights, buyers spent up big on Ben Quilty, Michael Cook and 90-year-old Yvonne Audette.
Why this New York potter spurns the wheel
Ceramicist Simone Bodmer-Turner channels influences from across time and place to create vessels that are dynamic sculptures radiating energy.
Orchestras' 2021 seasons for computers and concert halls
The Australian Chamber and Australian Brandenburg orchestras are emphasising their online programs as much as their live ones.
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.
