- Opinion
- Chanticleer
It’s time to end the bank cartel case
With the prosecution in the bank cartel case now on its ninth indictment since 2018 and a six-month jury trial likely to be pushed out to 2021, it is surely time to bury this smouldering mess, writes Tony Boyd.
Business urged to ‘get on board’ new climate disclosure
Top listed companies will face new pressure on climate disclosure after the launch of a new global standard setter for sustainability reporting announced at COP26 in Glasgow overnight.
Pandemic fuels rise of the $4 million suburbs
Ten per cent of housing markets have a median price of more than $3 million, and 5 per cent have a $4 million median price, according to agents.
France demands ‘proof of love’ from Australia before repairing ties
France’s top diplomat in Australia has attacked the ‘weaponisation’ of a private text exchange between Scott Morrison and Emmanuel Macron.
ANZ executives enjoy rebound in cash bonuses
Fixed pay was flat for most of the bank’s executives, but the increase to cash bonuses should offset any lingering concerns about inflation.
More rate rises in prospect as NZ unemployment falls to 14-year low
The jobless rate dropped to 3.4 per cent from 4 per cent in the second quarter, the lowest rate since the fourth quarter of 2007.
Alan Dixon, E&P Financial cop class action
Former Evans Dixon chief executive Alan Dixon is being sued in a class action brought by clients of Dixon Advisory.
News and views to help aspirational investors grow their wealth. In your inbox every Wednesday.
Glasgow Summit
Global methane deal to shape Australia despite PM: experts
Joe Biden’s methane reduction pledge will affect Australian industry despite Morrison refusing to sign on to the pledge, investor groups and analysts say.
Big emitters should pay carbon dividend: Richard Branson
Australia could become a clean energy superpower, but big polluters should set aside funds to help invest in clean energy.
Carney-led finance coalition has up to $US130trn committed to net zero
The Glasgow Financial Alliance for Net Zero (GFANZ) said it could deliver as much as $US100 trillion of financing to help economies transition to net zero over the next three decades.
- Analysis
- Glasgow summit
Boris Johnson leaves COP26 fighting to defuse the doomsday machine
The host of the make-or-break climate summit has made more progress in some areas than others.
- Opinion
- Glasgow summit
Reducing global emissions can be simple and self-financing
Emission rights are a form of property rights held against the planet. We need to distribute emission rights fairly, while improving incentives to do more.
smart investor
- Analysis
- Cryptocurrencies
Lack of crypto advice a hurdle for would-be buyers
Financial advisers cannot legally recommend cryptocurrencies to clients, creating an opportunity for fund managers but a problem for some prudent investors.
- Opinion
- Sharemarket
Healthcare cloud solutions to watch
How to invest in technology companies that help manage patient and healthcare outcomes.
- Opinion
- Energy
What to consider before investing in hydrogen
Pricing estimates, its place in the global energy mix and where to find opportunities should be on the checklist.
- Opinion
- Bonds
Why your investment decisions are going to become harder
How to read signals from the bond market, what they mean for your share decisions and how to think about scenarios for your portfolio.
- Opinion
- Property investment
Where the winners are in commercial property
Looking for key investment opportunities? We outline what lies ahead for real estate in the industrial, office, retail and hospitality sectors.
Podcast | How Australia’s top entrepreneurs built their fortunes and what they learnt along the way.
Companies
Meet NSW’s $110b money man
The state’s fund manager has been at the centre of a political storm but the boss says it’s saving money and growing the state’s prosperity.
- Opinion
- Chanticleer
The deal set to get BHP and Forrest on same team
BHP and Andrew Forrest are in talks to join forces on a Canadian nickel play. It’s a smart, rational response that could work for both parties.
Bank cartel case a ‘complete shemozzle’: judge
The high-profile criminal cartel case against three leading banks and five bankers has “material defects”, a Federal Court judge ruled on Wednesday.
Alan Dixon, E&P Financial cop class action
Former Evans Dixon chief executive Alan Dixon is being sued in a class action brought by clients of Dixon Advisory.
FedEx worst hit by parcel strikes
FedEx is facing a third round of industrial action in as many months next week as a pay dispute continues to drag out and disrupt deliveries.
Retail, office rents to fall for two more years: NAB survey
Sentiment among commercial property industry professionals is at a 12-month low, with rents in retail and office property expected to fall for two years.
CBA drives stake in crypto ground for banks
CBA boss Matt Comyn urged financial regulators to step up and accept digital currencies, while crypto players responded cautiously to the bank’s moves.
Companies in the News
Search companies
View stories and data from an ASX listed company
Markets
Investors shrug off RBA rebuke on rate-rise bets
The market is continuing to price in four hikes over the next year and many traders are convinced the central bank will be forced to act sooner than it expects.
Carbon efforts get real for property stocks
The welter of sustainability efforts by the listed property players has created a quandary for the market.
More rate rises in prospect as NZ unemployment falls to 14-year low
The jobless rate dropped to 3.4 per cent from 4 per cent in the second quarter, the lowest rate since the fourth quarter of 2007.
NZ employment growth vindicates RBA rate hawks
A day after the RBA upgraded its inflation outlook and signalled earlier rate increases are possible, bond markets seized on new data arguing the bank is being too conservative.
ASX rallies 0.9pc; AMP, lithium stocks surge
Australian shares rose 0.9pc; Bell Potter upgrades Altium; AMP soars after selling remaining stake in Resolution Life Australasia; court approves JBS buyout of Huon Aquaculture. Follow the latest here.
Opinion
The world according to Philip Lowe
A cautious Philip Lowe is not giving in to pressure to react to temporary inflationary pressures, but he’s still leaving his options open should circumstances change.
Columnist
What Malcolm Turnbull needs to do to be a gold standard former PM
Just as Hawke dropped the booze, Turnbull as PM parked his inability to suffer the many fools in politics. He needs to rediscover the charm if he wants to make contributions.
Contributor
A choice over Afterpay will put the Treasurer among frenemies
A heavyweight fight is under way over buy now, pay later rules. It is drawing in an awkward combination of Afterpay, the RBA, the Commonwealth Bank, senators and lobbyists.
Economics editor
Voters, not ICAC, should judge the business of politics
For all the lurid inquisition before ICAC, it is hard to conclude that Ms Berejiklian is guilty of criminal “corruption” for personal gain as ordinary people define it.
Editorial
The energy shock for COP hopefuls
Unless energy security can be married to climate literacy, then the politics of a cleaner planet will continue to be very difficult.
Columnist
Morrison leaves Macron looking like a sore loser
The French have seen only their interests, not their customer’s, right to the bitter end.
Editorial
Politics
France demands ‘proof of love’ from Australia before repairing ties
France’s top diplomat in Australia has attacked the ‘weaponisation’ of a private text exchange between Scott Morrison and Emmanuel Macron.
‘I know what side I’m on’: PM defends Macron text leak
Scott Morrison says it is time to move on from controversy over the dumping of the $90 billion French submarine project.
Women earn 15pc less in retirement than men, study finds
Women earn 15 per cent less in retirement than men, which is below the OECD average of 26 per cent, but higher than other rich countries such as Denmark and Iceland.
‘I’m an idiot [but] I’m not resigning’: Tim Smith MP
Victorian Liberal MP Tim Smith will not resign from parliament but is still considering his future.
British waitress wins High Court challenge to backpacker tax
High Court ruled that the tax cannot be applied to citizens of certain countries under double taxation rules.
SPONSORED
World
- Analysis
- US election
Republican win in Virginia bad news for Biden
Culture war issues such as gender identity politics and critical race theory look to have swung voters against the Democrats in leafy Washington-area state Virginia.
China warning to stockpile food triggers panic
A Chinese government notice urging families to stockpile food has triggered panic as the country faces volatile food prices, energy shortages and another COVID-19 outbreak.
Former FIFA president Sepp Blatter charged with fraud
Former FIFA president Sepp Blatter and ex-UEFA president Michel Platini have been charged with fraud over unlawfully arranging a payment of $2.94 million.
US business chiefs warn of expat exodus from China
With no exit strategy articulated, and just as the rest of the world reopens, US business leaders have warned Beijing that it risks accelerating the outflow of foreigners from China.
Jes Staley exits abruptly as Barclays CEO amid Epstein probe
Staley’s surprise departure caps a tumultuous six years as boss of the British lender amid the shadow of the investigation into sex offender and socialite Jeffrey Epstein.
Property
Tasman Holiday Parks raises $300m to ignite growth through acquisition
Tasman Holiday Parks has come from nowhere, buying 21 properties in less than two years, and plans to buy many more as it rides the domestic tourism wave.
Housing approvals drop at their fastest pace in 21 years
While the end of HomeBuilder stimulus means fewer homes down the track, it does little to ease inflation in a sector going gangbusters.
Sydney’s Lord Nelson tipped to sell for more than $35m
The city’s oldest licensed venue last sold for just $750,500 in 1986, when it was bought by a trio of businessmen.
Offices and malls to bounce back, more M&A on the cards: Jarden
Analysts Lou Pirenc and Andy MacFarlane say they don’t believe online shopping will kill the mall.
- Exclusive
- IPO
NZ’s Winton eyes dual listing as $1b developer
One of New Zealand’s biggest residential developers is pursuing capital raising plans that could lead to a dual-listing on the Australian stock exchange.
Wealth
- Opinion
- SMSFs
SMSF scam alert: how I was offered returns of 18-24pc
An approach to SMSF Association chief John Maroney serves as a warning not only to DIY fund trustees but to all investors.
- Exclusive
- Wealth Generation
Magellan, Zip CEO back Millennial podcasters
The four-year-old financial media start-up has closed a seed funding round and will use the fresh capital to hire three full-time employees and launch new podcasts.
- Opinion
- Energy
What to consider before investing in hydrogen
Pricing estimates, its place in the global energy mix and where to find opportunities should be on the checklist.
Technology
- Explainer
- Cryptocurrencies
What’s that crypto on your phone? No memes, stablecoins
Crypto assets are making the leap from the Wild West of unregulated markets to the safety of the Commonwealth Bank app.
- Opinion
- AI
In the age of AI, the world needs a kill switch
Artificial intelligence will be everywhere but it’s still not clear if Siri and Alexa are safe to be around.
From Queensland to the metaverse: Roblox game creator raises $27m
The Brisbane-based creators of music-making game Splash have 3 million active monthly users and are chasing more as the boundaries between gaming and social media break down.
Work & Careers
The 37-year-olds fear the 23-year-olds who work for them
Twenty-somethings rolling their eyes at their elders is a longstanding trend, but many employers say there’s a new boldness in the way Gen Z dictates taste.
What this fund manager learnt from an Olympian
Andrew Clifford, co-founder, co-chief investment officer and CEO of Platinum Asset Management, reveals his morning routine, inspired in part by Lisa Forrest.
Life & Luxury
NY auctions mark a return to billionaire-level art prices
After 18 months of behind-closed-doors art deals, billionaire owners are confident enough to take their collections back into the saleroom, starting next week.
Micro-entrepreneurs are building brands in their bedrooms
Powered by their social reach, Gen Z-ers are launching micro-businesses as their side hustles. But what does it mean for the environment?
The Melbourne building that made it to COP26
One of just 17 projects to make the cut in the Build Better Now pavilion at the Glasgow summit, the Monash hub is a hermetically sealed haven of sustainability.
Steve Wozniak ‘can’t tell the difference’ between the iPhone 12 and 13
The Apple co-founder says he also fails to see how the technology giant’s new watch differs from its previous iteration.
Fashions fizzle but frills abound at Melbourne Cup
The throng of celebrities was missing and high fashion was a low-key affair this year, but the celebratory mood was unmistakable.
