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Banks want to take more risk; Exciting stocks to watch; Do execs deserve mega pay?
This week, James and Anthony reveal why our big bank CEOs want to take more risks, ask whether big executive salaries really incentivise business leaders, and take the pulse of the market with a special guest fund manager.
Rebuilding wine sales in China to take time: minister
Assistant Trade Minister Tim Ayres welcomed China’s removal of tariffs on Australian wine but said rebuilding the $1.1 billion trade will take time.
- Tess Ikonomou
US regulator fines PwC Australia for late disclosure of leaks scandal
PwC Australia was sanctioned for failing to disclose that it was being investigated for more than a year, in the latest fallout over its tax leaks scandal.
- Timothy Moore and Edmund Tadros
China removes punishing tariffs on Australian wine trade
Beijing says the restrictions, which had devastated local winemakers, will be removed on Friday, and big producers have applauded the change.
- Simon Evans and Michael Smith
Jan Cameron fined $8000 for misleading market over Bellamy’s stake
Once one of the wealthiest women in the country, the Kathmandu founder had been found guilty of hiding her big stake in the baby formula group.
- Max Mason
Aussie Broadband expected to sell Superloop stock after court setback
The two rival broadband providers are in the midst of a messy legal dispute after Aussie Broadband attempted to acquire its competitor.
- Jenny Wiggins
Opinion & Analysis
Bankers cheer as the frozen IPO market shows signs of heating up
Local bankers are celebrating as the US public listing market heats up, but is this simply another sign of a US sharemarket bubble?
Columnist
Westpac’s $3.5b tech catch-up is a warning to ANZ
Fifteen years after buying St George, Westpac is finally unifying its banking systems. ANZ investors will hope they’re not hearing about the Suncorp integration in 2039.
Columnist
Trump’s new media company catches the ‘everything rally’ wave
The former US president’s paper wealth has surged with his social media platform listing at an opportune time, with investor risk appetite rising.
Columnist
We have to get the balance right in banking
Over-prescriptive and risk-averse rules on lending are not just a problem for bankers. They hobble the whole economy.
Editorial
Companies in the News
Commonwealth Bank
National Australia Bank
Westpac Banking Corporation
Macquarie Group
Updated: Mar 28, 2024 – 4.43pm. Data is 20 mins delayed.
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Featured
Defining legacy: Brisbane’s messy path to the Olympics
It will be a long haul to transform the QEII stadium to Olympic standard. That’s just one of the hurdles for Queensland.
- Updated
- Zoe Samios, Michael Bleby and Tess Bennett
- Investigation
- Gaming & wagering
Laurence Escalante is living large off controversial gambling billions
At 42, he is one of the country’s youngest billionaires. But Virtual Gaming Worlds investors hoping for a big payday are increasingly concerned it may not come.
- Updated
- Primrose Riordan and Zoe Samios
$50,000 to join a golf club? Members are coming in droves
Not only are the top clubs extremely expensive, they’re also extremely secretive. And in high demand.
- Zoe Samios
This Month
- Updated
- Renewables
AGL, Cannon-Brookes vying for $1b in solar manufacturing grants
SunDrive, backed by the Atlassian billionaire, is among groups including 5B and Tindo who want to use the taxpayer funds to expand local panel production.
- Updated
- Angela Macdonald-Smith and Ben Potter
- Opinion
- Investing
Bankers cheer as the frozen IPO market shows signs of heating up
Local bankers are celebrating as the US public listing market heats up, but is this simply another sign of a US sharemarket bubble?
- Karen Maley
Viva fires up convenience roll-out after locking away OTR
The completion of the $1.2 billion takeover kicks off the nationwide expansion of the On the Run brand, which will replace Coles Express at Viva’s fuel stations.
- Angela Macdonald-Smith
Cargill enters biofuel fray in fresh blow to GrainCorp growth plans
The global grains giant is working with a co-operative controlled by thousands of WA farmers on plans to tap into the booming market for biofuels.
- Brad Thompson
Sayers evidence on PwC tax leaks ‘implausible’, Senate finds
A Senate committee has called testimony by former PwC Australia chief executive Luke Sayers “implausible” and questioned the “truthfulness” of aspects of his evidence.
- Edmund Tadros
Vanguard guilty of greenwashing in ASIC’s first major court win
The funds management giant could be on the hook for millions of dollars in damages, though the court rejected aspects of ASIC’s case.
- Hannah Wootton
REA ditches deal ACCC warned could ‘significantly harm’ competition
The real estate industry and smaller rivals had raised concerns that the acquisition of Dynamic Methods, a provider of transaction forms, would hurt the sector.
- Sam Buckingham-Jones
Armaguard rescue deal collapses as Lindsay Fox opts to go alone
The monopoly cash-in-transit business had previously warned it was losing too much money to operate. Now it has assured the RBA it will continue its services.
- James Eyers and Patrick Durkin
- Opinion
- Chanticleer
Can a vaccine slow down the Cochlear train?
Cochlear is firing for investors, but you have to wonder whether everyone’s getting a bit carried away.
- Anthony Macdonald
Healius in management shake-up after CEO exit
Australia’s No.2 pathology group is cutting costs in a restructure to try to turn around a profit slump, as UBS pushes on with a strategic review.
- Simon Evans
Here’s what you get in a $1700 butler-serviced hotel room
At Singapore’s legendary Raffles Hotel, butlers are expected to anticipate your needs.
- Brandon Presser
The mystery of the mansion and the $2.7b bitcoin haul
What were two Chinese women doing in a rented mansion in London with an astronomical amount of cryptocurrency?
- Kadhim Shubber and Eri Sugiura
Qantas’ Frequent Flyer program is getting a run for its money
The airline is on the verge of unveiling the biggest change to the popular loyalty scheme in years, but savvy customers are increasingly shopping around.
- Ayesha de Kretser
IFM Investors steers clear of nuclear projects
The $217 billion group believes energy security is important, but its investments don’t extend to nuclear projects.
- Jenny Wiggins
Why investors either love or hate online luxury retailer Cettire
This week on The Fin podcast, Jonathan Shapiro and Carrie LaFrenz take us inside their shopping experiment and talk about why Cettire is so polarising.
Resources exports to slump $117b by decade’s end
Profits and federal treasury’s coffers will suffer after record high prices for iron ore, coal and gas cool off, official forecasts indicate.
- Elouise Fowler
MinRes to auction lithium in quest for ‘real price transparency’
Chris Ellison’s Mineral Resources and New York-listed Albemarle sell lithium above spot price amid renewed efforts to make China-dominated market transparent
- Brad Thompson
Savvy energy traders are betting the house on Australian power
European trading houses and utilities are pairing traders and meteorologists to predict weather patterns and make millions from moving Australian energy.
- Aaron Weinman
PwC cover-up of tax leaks scandal ‘worsens the crime’: report
A Senate committee said PwC Australia had yet to demonstrate that it has reformed its operations “beyond superficial commitments to change”.
- Updated
- Edmund Tadros
- Opinion
- Chanticleer
Soul Patts’ Millner rails against secretive new laws
Two words are frightening senior Australian executives; few are willing to say them publicly. The words are “nature positive”.
- Anthony Macdonald