PM wraps up summit sweep, says global standing restored
Like the G20, there was no leaders’ family photo at APEC, as global tensions overshadowed each summit and no China visit by the Australian government any time soon.
The last days of Sam Bankman-Fried mania
Silicon Valley investors and the media watch as their boy king of crypto melts down.
The dealmakers behind BHP’s $9.6b bid for OZ Minerals
It’s not every day that you spot local investment banking bigwigs Matthew Grounds and Alex Cartel staffed on a deal together.
Musk summons staff as millions await Twitter’s collapse
Elon Musk sent a message to Twitter’s software writers asking for help amid the chaotic exodus of hundreds of employees.
Why Sohn’s top stock pickers want investors to play it safe
AMP, Transurban and Champion Iron unseated Coinbase, Delivery Hero and Megaport as the Sohn Hearts & Minds stock pickers kept it deliberately simple.
Competition risk for ASX, as politicians sharpen their focus
A parliamentary committee will grill the ASIC chair and ASX CEO next week as analysts point to competition in clearing and settlement as a growing risk for ASX.
Anwar’s last roll of the dice in Malaysia’s tight election
The veteran politician’s coalition is favourite to win the national election, but post-vote horse-trading could still rob him of the top job.
Australia’s two most influential corporate columnists, Tony Boyd and James Thomson, unpack the most important stories in business, markets and politics.
WEEKEND READS
Inside Anthony’s Albanese’s successful week abroad
Prime seating arrangements at summits and significant guest speaker spots are all signals that Australia is back punching above its weight on the diplomatic stage.
Why FTX is adding up to a crypto crunch point
Already suffering from a “tech bro” image problem, FTX has shown the industry in a worse light than even the sceptics imagined.
The week China came back in from the cold
Is China’s leader releasing his ideological grip over economic and foreign policy or is the rest of the world grasping at straws?
Cash in vast amounts: How the unlikeliest World Cup ever came to be
Was realising the dream of the Middle East’s first global soccer tournament worth it? Qatar is about to find out.
How a chemist became one of the World Cup’s first female refs
American Kathryn Nesbitt knew that if she wanted to reach the pinnacle of her profession, she’d need to throw everything she had at it. So she did.
smart investor
The fund manager threat to mum and dad property investors
The Labor government policy designed to tackle the housing supply shortage is already causing anxiety among small-scale investors.
The super tax breaks in the firing line
With tax concessions totalling more than $40 billion last year, which areas are likely to be targeted?
Why this inheritance trick is not just for the rich
Want to provide income to your grandkids or worried your child’s partner will walk off with part of your estate? This is what to do.
Why a bank ETF may be better than holding shares in the big four
As they’re more vulnerable in a downturn, diversification is important to ensure you’re not over-exposed to particular sectors.
- Opinion
- Cryptocurrencies
Crypto crash has further to go
Bitcoin may not be the seizure-resistant store of wealth many assume.
Companies
Phil King breaks silence on Perpetual
Regal Partners’ Philip King says key documents in the merger deal between funds management house Perpetual and Pendal are “a little contradictory”.
- Opinion
- Chanticleer
How MONA’s David Walsh shocked our top stock pickers
Professional gambler and arts impresario David Walsh had a brutal message for successful top money managers – you may just be lucky.
The dealmakers behind BHP’s $9.6b bid for OZ Minerals
It’s not every day that you spot local investment banking bigwigs Matthew Grounds and Alex Cartel staffed on a deal together.
Home loan payments to jump to record high
Home loan payments will surge to the highest on record, as rising interest rates and high debt put pressure on household budgets.
Why FTX is adding up to a crypto crunch point
Already suffering from a “tech bro” image problem, FTX has shown the industry in a worse light than even the sceptics imagined.
NSW plans to cut carbon emissions from major projects
Cranes on the new Sydney Fish Market and Powerhouse Parramatta projects are switching to biodiesel as NSW encourages contractors to be more sustainable.
The last days of Sam Bankman-Fried mania
Silicon Valley investors and the media watch as their boy king of crypto melts down.
Companies in the News
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Markets
- Analysis
- Investment banking
Juniors feel the pinch as investment banks cull ranks
From Credit Suisse to Goldman Sachs, global banks’ capital markets divisions are the hardest hit by a slump in deals and tough market conditions.
US stocks edge higher, oil extends retreat
Shares drifted into positive territory New York ahead of the weekend. Utilities paced nine of the S&P 500’s 11 industry groups higher. $A steady.
Sohn conference: All the day’s top picks
Fundies reveal their top stock picks at Sohn: Firetrail’s James Miller picks Darling Ingredients; Earlier: Nike, Carsales, Keywords Studios, ASML, China Tourism Group Duty Free, New Relic, Eurofins Scientific. OZ Minerals accepts new BHP bid. Here’s how it unfolded.
Why Sohn’s top stock pickers want investors to play it safe
AMP, Transurban and Champion Iron unseated Coinbase, Delivery Hero and Megaport as the Sohn Hearts & Minds stock pickers kept it deliberately simple.
ASX edges up 0.2pc but ends the week slightly lower
Mining companies and banks pushed the sharemarket 0.2 per cent higher on Friday, but the benchmark ended the week slightly lower.
Opinion
US Republicans need an antidote to all populists
Donald Trump is now the biggest elephant in the Republican room. Only a coherent policy alternative can make him go away.
Editorial
Australia deals itself back into the diplomacy game
Penny Wong and Anthony Albanese have quickly moved Australia from outlier to foreign policy activist.
Columnist
What my COP27 from hell says about climate change
An AFR correspondent’s encounters with the Egyptian proclivity to prevarication and procrastination casts light on the scramble of the COP27 finale.
Europe correspondent
Crypto crash has further to go
Bitcoin may not be the seizure-resistant store of wealth many assume.
Columnist
Albanese brings China ties full circle – nearly
Labor’s new doctrine is almost a return to days of things that unite us, rather than divide us. Except Australia has clearly taken sides.
Political editor
Why the data doesn’t back Tony Burke’s wages claims
Employment Minister Tony Burke claims wage rises are at a 10-year high because of his government. The data suggests otherwise.
Economics correspondent
Politics
Australia reassures Taiwan over trade pact entry
Anthony Albanese has had to clarify comments about Taiwan’s eligibility to join the trans-Pacific trading pact following reports Australia may reject its application.
Why the Victorian election will be a referendum on Daniel Andrews
Those who have not been paying close attention believe the premier will easily sweep back into power next weekend. Others say the race has tightened significantly.
Liberals accuse electoral commission of interfering in Vic poll
The VEC has been accused of being a “player” in the state election after Opposition Leader Matthew Guy was referred to the anti-corruption commission.
- Opinion
- Foreign relations
Australia deals itself back into the diplomacy game
Penny Wong and Anthony Albanese have quickly moved Australia from outlier to foreign policy activist.
Lobster will be cheap this Christmas, but maybe not for much longer
The industry remains hopeful of a resumption of trade with China after the meeting between Anthony Albanese and Xi Jinping.
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World
Elizabeth Holmes sentenced to 11 years for Theranos fraud
Ahead of the sentencing decision, Elizabeth Holmes addressed the courtroom in tears, apologising to victims and investors.
The week China came back in from the cold
Is China’s leader releasing his ideological grip over economic and foreign policy or is the rest of the world grasping at straws?
High-roller fans will still get alcohol at stadiums
For a price, there will be plenty of Champagne, whiskey, vodka and even sommelier-selected wines available for fans at World Cup stadiums in Qatar.
Qatar bans beer from World Cup stadiums in last-minute decision
With just two days to go before kick-off, beer with alcohol has been suddenly banned from the eight stadiums hosting matches in Qatar - the latest move in a controversial World Cup.
Pacific leaders in crisis talks after N Korea fires ballistic missile
Leaders of Australia, the US, Japan, South Korea, Canada and New Zealand, called for a meeting of the United Nations Security Council.
Property
Lindeman Island sells to Queensland property developer Shaun Juniper
The new owner plans to transform the dilapidated Great Barrier Reef island into a six-star health retreat, part of a trend to revive resorts in the cyclone-prone region.
Sydney’s ultimate $50m beach house goes on sale
Avalon Beach’s estate Celeste has hit the luxury market with a $50 million price guide – almost double the northern beaches record price – but some doubt the trophy home will fetch that much.
The fundie threat to property investors
The Labor government policy designed to tackle the housing supply shortage is already causing anxiety among small-scale investors.
Housing prices to bottom out with 15pc decline: Deutsche
Australian housing is unaffordable, but as wage rises kick in across the economy, the effect of higher interest rates will soften, a new report shows.
Goodman execs whacked on pay after second strike
The board will change the way it assesses the hurdles used to award incentives to its top executives, including founder Greg Goodman, after two strikes against its remuneration report.
Wealth
The super tax breaks in the firing line
With tax concessions totalling more than $40 billion last year, which areas are likely to be targeted?
Self-funded retirees paying $1000 a month ‘just in case’
Those who signed up to the government’s home care packages before they needed high levels of care are paying more in fees than the cost of the services they use.
Why a bank ETF may be better than holding shares in the big four
As they’re more vulnerable in a downturn, diversification is important to ensure you’re not over-exposed to particular sectors.
Technology
Four ways to protect your Twitter account
While there’s not much you can do about Musk’s on-the-fly teardown of one of the world’s key online information ecosystems, there are steps to protect your account if you.
Lack of controls worse than Enron: FTX’s new chief
FTX suffered a “complete failure of corporate controls”, according to a damning bankruptcy report by new chief executive John J Ray III.
Twitter workers flee after Musk’s ‘hardcore’ deadline
The hundreds of new departures raise questions about the stability of the social media platform.
Work & Careers
Umpire suspends lockout, rejects arbitration in ports war
The Fair Work Commission has suspended all industrial action in the dispute between unions and tug boat giant Svitzer. But the peace might be temporary.
This CEO was in NT with a billionaire’s son. It didn’t go well
Estia chief Sean Bilton has gone through the worst of times in the aged-care sector, but is as committed as ever to a business that makes a difference.
Life & Luxury
‘I’ll be apologising forever’: Bosnich on redemption and Australia’s chances in Qatar
The legendary Australian goalkeeper has endured his share of controversy in the public spotlight, and hopes the contest will shine a light on inequality.
As Icebergs readies to reopen, a memorable oysters recipe is revealed
In a nod to classic Italian dining, the iconic Bondi Beach venue’s head chef, Alex Prichard, fills a trough with the best of Australian seafood.
Italian jewellery brand celebs love takes on Australia and the world
The word is finally out about the gems made by family business Pasquale Bruni.
Will TikTok eat the Michelin Guide’s lunch?
As the social media platform’s short-form videos continue to grow in popularity, could the gold standard of food reviews go the way of the Oscars – irrelevant?
How high-tech saved a legendary ‘lost’ album
Muffled nightclub recordings could have been left to history, but new technology has brought them to life once more.
