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- Opinion
- Chanticleer
How 138-year-old Perpetual came unstuck
It is a sad day for Australian funds management. The Perpetual equities team, which stood up to Woolworths, Crown, Brambles, Ramsay and IAG will have to find a new name.
- Opinion
- Chanticleer
Blackstone’s Jon Gray reveals ‘defining theme for the next decade’
The Wall Street titan says three megatrends that have driven Blackstone to $1.9 trillion in assets under management are now combining in a unique way.
Some fundies unconvinced the RBA’s done with rate increases
Fortlake Asset Management’s Christian Baylis has joined a small number of economists who expect rates to rise, not fall. He says inflation isn’t under control.
- Opinion
- Federal budget
Australia’s ‘dumb’ luck budget in one extraordinary chart
Treasurers have been extremely lucky to receive big tax revenue windfalls from the China-driven mining boom, but none have been as lucky as Jim Chalmers, writes John Kehoe.
Westpac says it was stung by decade-long ‘Ponzi scheme’
The major lender is suing a fruit stall at Sydney’s Flemington Markets, alleging it conspired to falsify revenues and invoices to defraud it of $15 million.
Goodman warns on China as data centre push gathers speed
Occupancy across Goodman’s China portfolio was 93 per cent over the March quarter, compared with 98 per cent across its overall portfolio.
The instigator of WA’s GST deal says it is failing
Colin Barnett says there was no need for the prime minister to lift WA’s minimum GST “floor” from 70¢ to 75¢ in the dollar, as is set to occur from July.
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Companies
- Exclusive
- Executive shake-up
New Uber bosses to see through gig economy transition
There will be new heads of both Uber and Uber Eats in Australia, ahead of gig economy rules that threaten to significantly raise its cost of doing business.
Citi’s Bonza links emerge in emails showing overdue invoices
The Wall Street investment banking giant is a lender to AIP Capital, the aircraft lessor tied to the budget airline and its ailing private equity owner.
Atlas Arteria’s ‘back-up plan’ to fight French taxes
The tollroad group is cutting costs and jobs as it tries to keep dividends at current levels, chief executive Graeme Bevans says.
Westpac CEO wants super on a level playing field
The bank boss said comments by Apollo Capital Management should force an urgent rethink on regulatory rules for super funds.
Origin reaps $420m Octopus gain as Aware Super climbs on board
The UK energy disruptor has upped its valuation by 15pc, in a transaction that brought in Aware and raised the value of Origin’s stake beyond $2 billion.
- Exclusive
- Super yachts
Star’s luxury yacht fire sale finds way to Federal Court
The family office of a wealthy Cypriot businessman has accused the gaming group of reneging on a sales agreement, and wants millions of dollars in compensation.
Cettire founder makes rare appearance to talk up retailer’s growth
The luxury goods marketplace has been under considerable investor pressure with questions over some of the company’s duty and tax payment practices.
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Markets
Companies tap offshore money as IPO drought deepens
A dire environment for capital raising is seeing a rise in dual listing activity between Canada and Australia as companies look to raise more money overseas.
Traders trim rate rise bets on patient RBA
The markets are now pricing in just a 15 chance the cash rate will rise again this year after the Reserve Bank stood pat on Tuesday.
Investors pull money from Wall Street in favour of Asia, Europe
Fund managers are reallocating money away from Wall Street betting that ‘US exceptionalism’ has run its course.
ATO targets crypto traders’ tax affairs, bank details
The Tax Office is ramping up its surveillance of crypto traders, demanding that exchanges hand over details around clients’ ID, wallet addresses and bank accounts.
RBA’s radio silence fuels extreme rate rise bets
Traders’ bet that the RBA will lift the cash rate is fuelled by the central bank’s lack of communications since March as it undergoes sweeping reporting changes.
Opinion
Albanese’s troubled critical minerals dream
The Albanese government has high hopes for much more downstream processing of critical minerals. But the numbers aren’t adding up. What can change that?
Columnist
An RBA tightening bias is called for
It’s hard not to interpret the governor’s press conference and the board’s statement as at least a mild tightening bias that will keep the cash rate where it is at least until near the end of 2024.
Editorial
A rate rise was closer than you think
RBA insiders may be making the case for higher rates, as Michele Bullock walks the line between public opinion and the bank’s credibility.
Economist
Australia’s ‘dumb’ luck budget in one extraordinary chart
Treasurers have been extremely lucky to receive big tax revenue windfalls from the China-driven mining boom, but none have been as lucky as Jim Chalmers.
Economics editor
Reforms rather than rate rises
Supply side deregulation to drive productivity is the other half of the policy armoury that should be deployed to help curb inflation and keep employment full.
Columnist
The government goes bold to poke the inflation bear
The Albanese government, after being cautious with its spending in 2022 and 2023, has decided to take risks this year. The greatest is that it brings the RBA off the bench.
Economist
Reports
BOSS Best Places to Work
The awards celebrate the achievements of the best small, medium and large organisations and nine sector winners.
Politics
Outer Perth ‘pain seats’ at risk as Albanese cocks ear to west
Federal Labor is bleeding votes in Western Australia that could cost it several key seats, pollsters warn.
Chalmers locks in business tax breaks to help Made in Australia
The budget will contain tax breaks for investors to turbocharge the government’s Future Made in Australia Act, Jim Chalmers has confirmed.
High Court rejects Crown immunity for sacred sites damage
The custodians of Kakadu National Park have won a test case in the High Court over a walking track at picturesque Gunlom Falls.
Coalition to oppose ‘sophisticated investor’ test overhaul
Labor is grappling with backlash from the start-up sector over calls to limit access to venture capital to investors worth more than $4.5 million.
China admits to firing flares near Australian chopper: PM
China admits helicopter was not in Chinese territory says Albanese; slow housing pipeline worries Chalmers; Stormy Daniels testifies. Here’s how the day unfolded.
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World
US reveals weapons shipment to Israel halted
The United States withheld 3500 bombs last week out of concern that they might be used in a major assault against the southern Gaza city, officials said.
White House piles ceasefire pressure on Netanyahu as tanks roll into Rafah
White House national security spokesman John Kirby urged negotiators to come to an agreement after Israel launched a “limited” assault on Rafah, in the south of Gaza.
TikTok sues over US ban in battle for survival
The lawsuit from the social media platform and its parent company, ByteDance, claims US legislation banning the app would breach free speech rights.
Stormy Daniels’ graphic testimony of alleged Trump sexual encounter
The remarkable testimony is the latest example of how Donald’s Trump’s dealings with women are coming back to haunt him in court.
- Analysis
- Israeli-Palestinian conflict
Benjamin Netanyahu’s dilemma: save the hostages or his government
In one of the biggest gambles of his career, Israel’s premier sent troops into Rafah to raise pressure on Hamas – and buy time.
Property
Goodman’s data centre push gathers speed
Occupancy across Goodman’s China portfolio was 93 per cent over the March quarter, compared with 98 per cent across its overall portfolio.
- Exclusive
- Luxury property
Investors Mutual CEO sells designer Sydney mansion for $23m
Damon Hambly and designer Philippa Haydon bought the Bellevue Hill property for just $3.7 million in 2010 and turned it into a trophy home.
Canberra’s return to office stalls due to public service culture
The capital city has the second-lowest office attendance rates as public service workers do not face the same scrutiny as Sydney’s private sector.
- Opinion
- Victorian budget
Victoria cannot tax its way to prosperity
Victoria arguably has some of the most complex rules and highest property tax imposts in the country. Will it work?
Pace of house price growth to cool as risks emerge
House prices have recouped the interest rate-induced losses in the past two years and are poised to hit record highs this year, but downside risks are gathering pace, according to experts.
Wealth
The overlooked asset class that could set you up for retirement
Residential property investment is good for accumulating wealth, but commercial property will provide retirees with a better income stream.
Stressed by rates and thinking about fixing? Try the sleep test first
Lenders outside the big four are offering some of their best fixed mortgage rates in more than a year, but practice extreme caution, experts say.
- Opinion
- Investing
The investment shift that could undermine your wealth plan
Whether to invest for income or growth is not the right question to ask for those in or moving to retirement.
Technology
- Opinion
- Digital Life
Will Apple’s new iPad Pro finally replace your laptop?
Apple says its new M4 iPad Pros will have better AI, better performance and better battery life than laptops. But don’t throw away your laptop just yet.
How Kim Jong-un’s propaganda song conquered TikTok
“Friendly Father” is the first North Korean composition about the leader to go viral for its musicality.
Apple plays up AI potential in new iPads
The tech company unveiled a bevy of new iPads including two versions of the iPad Pro sporting its M4 chipset and a redesigned iPad Air model in two sizes.
Work & Careers
- Exclusive
- Workplace culture
Just one gesture stopped Anthony worrying about his disability at work
Employers often assume that employing people with a disability is costly. New research suggests that’s not true.
Watchdog investigates CFMEU conduct at major Brisbane project sites
The Fair Work Ombudsman is making “active inquiries” into claims the CFMEU jumped fences and allegedly intimidated workers at major Queensland infrastructure sites.
Life & Luxury
Brack bolts, Whiteley sinks on a tough night for art sales
A John Brack with a fabulous backstory was a rare highlight at Bonhams, as Leonard Joel wheels out the big contemporary names for its Centum sale.
Doctors say this popular hangover cure is bunkum
Some people swear that vigorous exercise is the best way to beat a hangover, but is there any science to prove it?
Adelaide’s best restaurants for a business lunch
Where to go when you’ve got a deal to discuss, when you want to impress your top client or thank the team – as tested by our reviewers.
Perth’s best restaurants for a business lunch
Where to go when you’ve got a deal to discuss, when you want to impress your top client or thank the team – as tested by our reviewers.
Are ultraprocessed foods unfairly vilified?
Many scientists suspect manufactured foods are causing a range of health issues, but there is a lack of rigorous research to prove it.
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BOSS Financial Review
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Whole-of-portfolio approach to investing brings collaboration to the fore
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