How to get in early on the next growth story
Former Macquarie CEO Nicholas Moore proposes an atypical use of large-scale government financing facilities and political risk insurance to encourage corporate investment in SE Asia.
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- Need to Know
Hamas put injured fighters on departure lists
Negotiations with Hamas revealed; Israeli strike on an ambulance killed at least 15; Netanyahu rejected calls for a pause. Follow updates live.
Macquarie takes advantage of mortgage war ceasefire
A fall in intense mortgage competition has boosted Macquarie’s lending growth – one of few bright spots in the financial giant’s otherwise disappointing result.
Weak Hezbollah speech shows who is really in charge
In the end, as one social media user noted, Hassan Nasrallah’s highly anticipated speech was a “nothing burger”.
- Opinion
- Political leadership
Beware the blob. These are dangerous times for the PM
Punch drunk and adrift after the Voice calamity, Anthony Albanese is struggling to regain his grasp of the national narrative, writes Jacob Greber.
Sampson survives Qantas investor anger, but for how long?
The former advertising executive said his experience would help repair the airline’s damaged brand and reputation.
- Opinion
- Interest rates
How the states are pushing up mortgage rates
Big infrastructure builds and the migration surge are adding to inflation pressure on the Reserve Bank.
Breaking news on companies, politics and economics, in your inbox as it happens.
smart investor
- Opinion
- SMSFs
How you can have $20m in super and dodge the new $3m tax
Clawing back concessions for high-wealth individuals may fail. A deeming rate applying to everyone could be simpler and fairer.
The five property fights ripping families apart
Verbal agreements around the kitchen table – such as those cited in the case of pop star Vanessa Amorosi – are just some of the triggers. This is how to avoid them.
How to make sure your kids don’t ruin the family business
Alessandro and Soibhone Nascimento bought their first franchise five years ago. Now their daughters are gearing up for the next phase.
Can I make downsizer contribution if I’ve got almost $1.6m in super?
A reader wants to top up his fund with $300,000 from the sale of his home plus other after-tax money, but probably won’t be able to take all of it into a pension phase.
- Opinion
- Flat Chat
Hell on wheels as e-bikes face bans from apartments
Charging lithium-ion batteries inside unit blocks is rapidly becoming a burning issue for strata committees – and firefighters.
weekend reads
- Analysis
- Israeli-Palestinian conflict
Israel is winning the war but losing public opinion
Public opinion has turned against Israel amid Palestine’s increasing number of civilian casualties from the retaliatory airstrikes.
- Analysis
- Inside China
Albanese finds his ‘way through’ with China
Tensions with China are nothing new. In 1989, 1996 and 2009, Australian governments had to find ways of dealing with varying crises in the relationship.
‘No one thought I’d be good’: How Gai Waterhouse proved the doubters wrong
Gai Waterhouse had to defy the weight of her famous father to become a female trailblazer and legend of the track.
When David Paradice paid Solomon Lew $100,000 (to cross the road)
The billionaire and fund manager have been friends for years. They talk about why Paradice is like Columbo; what Lew does with director’s fee; and who paid the other $100,000 to cross the road.
- Analysis
- Investing
Sam Bankman-Fried: the villain in a cinema near you
His defence lawyer said the government tried to show the jury ‘the movie of Sam the villain’. He might have been ahead of his time.
Carbon Challenge | Essential news and analysis for business and investors about Australia’s critical economic transition.
Companies
Treasury’s Tim Ford strikes the $1.6b deal of his life
It took six months to buy Daou Vineyards. Shareholders will judge the wine CEO’s tenure by how well he can turn the business into a brand like Penfolds.
Jack Dorsey’s Block soars 25pc as it lifts guidance, cuts jobs
Block announced a $1b share buyback, said it would cut 1500 jobs, and lifted FY24 profit guidance. The market approved.
Macquarie profits hit by green investments as cost pressures mount
Chief executive Shemara Wikramanayake said the group had renewable energy assets ready for sale, but dealmaking conditions remain tough.
Rio, Rinehart discussed risk of third-party claim to mine venture
Senior Rio Tinto executives and Gina Rinehart discussed in 2005 the risk that their iron ore joint venture may attract a claim from another Perth dynasty.
‘Voting miracle’ needed at Origin after AusSuper snubs bid
Securing Origin Energy shareholder approval of 75 per cent for the sweetened takeover bid is a “big ask”, a Morningstar analyst says.
Gupta’s InfraBuild seeks $544m in fresh debt to stave off lenders
There remains uncertainty around the consolidated group’s ability to complete the planned capital markets transaction, the Australian steel business warned.
MinRes wades into heavyweight battle over lithium target Azure
Chris Ellison’s Mineral Resources has built a big stake in lithium play Azure Minerals in the wake of SQM lobbing a $1.6 billion takeover offer.
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Markets
Wall St rallies as Treasury yields fall after weak jobs data
All three major Wall Street indexes were on course for their biggest weekly percentage gain in about a year.
Investors gear up for RBA rate move on Cup Day
Simon Doyle, head of Schroders Australia, says the central bank will have to keep lifting rates to get inflation under control.
US employers scale back hiring in October
US futures turned positive as the report underscored investor expectations that the Federal Reserve was done with its tightening campaign.
Why interest rates could stay high for a decade or more
If markets are right, a new era is beginning and the consequences will be far-reaching for households, companies and governments around the world.
$A bounce on diverging Fed and RBA rate outlook
The Aussie jumped above US64¢ on speculation US rates have peaked and that the RBA will lift borrowing costs as early as next week.
Opinion
Finding a way through the Qantas annus horribilis
Board and management refresh is underway and the government also has to address policy shortcomings.
Editorial
How the states are pushing up mortgage rates
Big infrastructure builds and the migration surge are adding to inflation pressure on the Reserve Bank.
Economics editor
Beware the blob. These are dangerous times for the prime minister
Punch drunk and adrift after the Voice calamity, Anthony Albanese is struggling to regain his grasp of the national narrative, writes Jacob Greber.
Senior correspondent
The new era with China rests on an old order
The PM wants no surprises in stable relations with China. There should also be no surprises about what the Australian side stands for in this relationship.
Editorial
‘Airbus Albo’ risks leaving the home front aflame
Tricky international diplomacy is nothing compared with feral talkback radio at home.
Political editor
RBA confronts credibility crisis
Martin Place faces an uphill battle to convince markets it is committed to combating inflation under new governor Michele Bullock.
Columnist
Reports
The circular economy
This special report on sustainability looks at the repair and recycling movement to cut waste, changes in farming techniques and hybrid timber skyscrapers.
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- Opinion
- Interest rates
How the states are pushing up mortgage rates
Big infrastructure builds and the migration surge are adding to inflation pressure on the Reserve Bank.
Plibersek hits out at Dutton and Greens obstruction
The environment minister says the opposition leader risks clogging the arteries of government and making the lives of ordinary Australians harder.
Business urges PM to relax China investment rules
Will Zhou, who sells Australian beer and other premium products to China, wants Anthony Albanese to revive deal making between the two nations.
Nicholas Moore on how to get in early on the next big growth story
Former Macquarie CEO Nicholas Moore proposes an atypical use of large-scale government financing facilities and political risk insurance to encourage corporate investment in SE Asia.
‘This is a key moment’: PM to confront new reality in China
Australia is out of the deep freeze but, despite the hopes of business, a return to a time when trade came free from political strings is unlikely.
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World
Netanyahu rejects Blinken’s calls for a pause
Antony Blinken faced pushback from Benjamin Netanyahu who rejected a temporary pause unless hostages held by Hamas militants are freed.
Sam Bankman-Fried found guilty of fraud
A US jury has convicted the FTX co-founder of all seven charges of stealing $12.5 billion of customers’ money. He could spend decades in prison.
Giant Maersk to cut 10,000 jobs
The shipping company says it will cut thousands of jobs to save $US600 million as container and logistics firms face an abrupt drop in earnings.
US House passes $22b Israel aid, sparking Biden backlash
The funding package faces an uphill battle in the Senate because it offers no fresh support for Ukraine and is linked to spending cuts.
New Zealand’s PM needs maverick Peters to govern
Winston Peters has emerged kingmaker in the NZ election, after final results show the National Party failed to win enough seats to form government without support.
Property
Lendlease, Google part ways on $23b Silicon Valley plan
The break-up is one of the biggest concessions to the post-pandemic environment for planned office developments. It also reflects changing capital demands.
Ingham heiress’ $15m flat comes with celebrity neighbours
Jessica Ingham, granddaughter of chicken billionaire Jack Ingham, on why she’s selling her $15m apartment in Sydney’s Woolloomooloo wharf.
What’s ahead for the housing market, in eight charts
Can house prices keep on rising or will higher mortgage costs finally kill off the recovery?
Office tower values could tumble 20pc further: survey
Higher interest rates and bond yields – a key determinant of value for commercial property – as well as weak demand will weigh the heaviest on lower grade office space.
Why people want to kill this town planner
The man behind the idea of 15-minute cities has fallen foul of the conspiracy theorists.
Wealth
The five property fights ripping families apart
Verbal agreements around the kitchen table – such as those cited in the case of pop star Vanessa Amorosi – are just some of the triggers. This is how to avoid them.
Tick these four boxes to get ‘secret’ mortgage discounts
Despite a potential Reserve Bank of Australia rate rise onTuesday, lenders are ready to do lucrative deals with borrowers who meet these conditions.
Can I make downsizer contribution if I’ve got almost $1.6m in super?
A reader wants to top up his fund with $300,000 from the sale of his home plus other after-tax money, but probably won’t be able to take all of it into a pension phase.
Technology
- Analysis
- The Breakdown
As Albanese travels to China, Apple’s results offer a warning
The company has navigated China better than any other Western big tech firm, but its sales there still fell short of expectations last quarter.
Elon Musk warns AI bots will swamp social media
At a summit in London, the X owner’s dystopian warnings on AI came leavened with a vision of a future where nobody has to work.
Australia and UK sign quantum computing accord
While in the UK for a global AI summit, science minister Ed Husic has signed a new agreement to co-operate with the UK on quantum computing technology.
Work & Careers
Bill Hayden remembered as ‘fulcrum of Labor Party’
Former governor-general and Labor leader Bill Hayden prepared the ALP for office and the reformist era of the Hawke-Keating government of the 1980s and 1990s.
Wary employers ignore bank of international talent
Overseas students are attracted to Australia thanks to generous visas that allow them to stay and work after graduation. The problem is, employers won’t give them a go.
Life & Luxury
How to wear a luxury handbag for free
In a crowded fashion market, the luxury brand is using augmented reality screens to allow customers to try on bags without setting foot in its stores.
Waterhouse and Waller vie for Victoria Derby, Golden Eagle victory
The meet at Flemington in Melbourne marks the beginning of a spring racing carnival that continues into next week with the Melbourne Cup on Tuesday.
Welcome to funflation: a good time has never been more expensive
The cost of travel, movies, dining out and alcohol have soared, and it’s making people rethink how they have fun. For every splurge on Taylor Swift tickets, they’re cutting back elsewhere.
Why suing Qantas is just the start for ACCC’s Cass-Gottlieb
The corporate world thought the head of the competition regulator would be on its side but that’s not how it’s turning out.
The lawyer who quit and become a famous artist
The under-fire AGNSW’s exhibition of Vasily Kandinsky’s abstracts should put art back into conversations about the gallery.
