- Opinion
- US election
Trump, Biden to seize on verdict in bitter poll campaigns
The verdict not only stands as a bellwether for how powerful such legal actions against Donald Trump are, but will also define strategies for both sides of politics, writes Matthew Cranston.
‘Disgraceful’: Trump hits out after being convicted in hush money trial
Donald Trump was found guilty of falsifying records to cover up a sex scandal, capping a trial that transformed the former commander in chief into a felon.
Vamos! Guzman y Gomez flags $2.2b IPO
After nearly 20 years in business, the Mexican food chain will make its ASX debut in June.
- Live
- Need to Know
Trump’s fundraising platform crashes after guilty verdict
President Joe Biden warned supporters Trump was likely “setting fundraising records” after historic conviction. Follow updates here.
- Live
- Markets Live
Shares rise; Telix soars, Citi says buy BHP
Shares add 0.7pc after three-day sell-off. Guzman y Gomez targets June IPO. Telix leaps on trial results. Pro Medicus, Lovisa hit record highs. Australian bond yields push higher. Follow here.
At Star, one man held all the cards
Chief executive Robbie Cooke was determined to lead every important project at the troubled casino group, former executives say.
Anglo boss doesn’t want talks with BHP, or anyone else
Duncan Wanblad hopes for space to “crack on” with his radical simplification strategy, and says more bidders for Anglo’s Queensland coal assets are coming forward.
Trump found guilty | Australia’s wealthiest 200 | Verdict’s election implications
Edition
Financial Review Rich List 2024
Tracking the fortunes of Australia’s richest people since 1983 | Australia’s 200 most wealthy and how they are handing over the keys to the kingdom
review
The man who would help Trump upend the global economy
As a potential US Treasury secretary, Robert Lighthizer has more than trade policy to revolutionise.
- Opinion
- Foreign relations
How higher US tariffs are helping China’s competitors
American tariffs on imports from China will redirect economic activity toward third-country suppliers considered allies.
Baby Boomers are loaded. Why are they so stingy?
Recent evidence has cast doubt on the notion that a spending splurge by those born between 1946 and 1964 is on the way.
The woman who could be Mexico’s next president
If Claudia Sheinbaum wins the presidential election on Sunday, she will be the country’s first female, and first Jewish, president.
The disease detectives trying to keep the world safe from bird flu
Frontline work in low-income countries is increasingly vital to a global system to detect viruses that jump between animals and humans, the way COVID-19 did.
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Companies
Businesses pull $4.2b in deposits from NAB
It is the largest month-to-month fall in deposits at NAB in at least five years, according to new Australian Prudential Regulation Authority data.
- Exclusive
- Courts
Westpac sues insurers over $1.3b AUSTRAC penalty
AFR Weekend understands that the bank believes it is eligible to claim $400 million from its insurers over the AUSTRAC fine.
‘Bait and switch’: Neoen’s Aussie bidders fuming at $10b Brookfield deal
Bank of America was advising the parent company on the Brookfield talks, while telling bidders in Australia they were prohibited from talking to anyone at the French mothership.
Brookfield lands Origin Plan B with $10b Neoen bid
The French utility’s pipeline makes it the largest owner of renewable energy in Australia, six months after Origin dismissed the Canadian investment group.
Magistrate to decide if alleged Kidman insider trader faces trial
A magistrate will decide next week if Duncan Stewart will face a criminal trial for allegedly buying shares in lithium miner Kidman Resources with inside information.
BHP turns inward after $75b Anglo rebuff
BHP will take investors to see growth projects in Chile to assure them it does not need a big copper acquisition like its failed $75b bid for Anglo American.
- Exclusive
- Food & drink
Jon Adgemis strikes $400m refinancing deal to save pub empire
The former KPMG dealmaker will likely stay on as executive chairman of his Public Hospitality Group after reaching a deal with Deutsche Bank to avert collapse.
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Markets
Commodities to set records after ‘violent price swings’
Strategists have warned that traders should expect heightened volatility on commodity markets as the powerful rally in metals divides investors.
Nuclear, data centres are in a sweet spot for investors
Analysts are scouring sharemarkets for ways to profit from the rush of money into the data centres that will support the rise of AI.
Cettire founder Dean Mintz backs his ‘best in class’ returns process
The luxury marketplace’s chief executive told a stockbrokers’ conference the company, which has divided investors, was spending more on customer service.
Markets increasingly expect next interest rate move will be up
Traders are increasingly confident the Reserve Bank will be forced to raise interest rates, particularly if a decision to lift minimum wages next week is above expectations.
The stocks fuelling Victor Smorgon’s 40pc returns
The Melbourne firm’s global fund has shot out of the blocks again this year thanks to record gold and copper prices. It’s also very bullish on one newly listed mining stock.
Opinion
Trump’s conviction compounds investor uncertainty
It remains to be seen whether the market’s bullishness can continue now that Donald Trump’s conviction looks set to usher in a period of divisiveness in US politics.
Columnist
Opportunities aplenty for yield buyers
There is a rich array of opportunities available for investors searching for relatively safe and liquid yields.
Columnist
On the front line of Australia’s foreign student surge
International students are in the sights of both a government and opposition looking to win votes. Who are these political pawns, and what is it like to teach them?
World editor
There won’t be a reshuffle until there is one
To move Immigration Minister Andrew Giles, a close factional ally of the Prime Minister and member of his praetorian guard, could cause more problems than it would solve.
Political editor
Why BHP’s pursuit of hot copper went cold
The red metal is the new black. A rebuffed BHP has gone back to the drawing board to plot its next move after Anglo American rejected its request for more time.
Columnist
Ageing Rich Listers approach wealth dispersal watershed
Forty-five of the 200 Rich List entries, holding about $140 billion in wealth, are aged over 80.
Editorial
Reports
The future of financial advice
This special report looks at options to make financial advice more accessible and affordable, including robo-advice, as well as tips for the new financial year.
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- Exclusive
- Investing
Labor shelves overhaul of ‘sophisticated investor’ test
The changes are said to have been put on ice until at least after the next election, amid fierce backlash from tech start-ups and some funds managers.
Trump verdict reveals deep US divisions: Dutton
Political leaders emphasised the strength of ties between Australia and the United States in the wake of the guilty verdict in Donald Trump’s election interference case.
They battled blokey workplaces. Now these 33 women enforce the rules
Energy regulator Clare Savage and competition chief Gina Cass-Gottlieb are among 33 women leading Australia’s regulatory bodies, once the domain of male enforcers.
- Exclusive
- Education
Migration cuts scaring off investors in student digs: industry
A shortfall will exist even if international student numbers drop to as low as 25 per cent of 2019 levels, according to Savills.
Treasury boss warns PM: ‘Enormous benefits’ from Chinese solar panels
Commenting on the government’s Future Made in Australia green industrial subsidies, Steven Kennedy says Australia ‘must not be distracted by ideas, frankly, over many decades, have been shown won’t work’.
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World
Hopeful yet cautious, Biden’s team hopes to exploit Trump’s conviction
Trump’s conviction could well shake up US politics, even if it does not change voter pessimism about inflation and the cost of living.
Donald Trump becomes America’s first felon president
The conviction – a humiliating defeat for a man who has dwelled in legal grey zones for decades – brings America’s highest office to a new low.
Even as the judicial system finds Trump guilty, his attacks take a toll
The foundational democratic principle that no one is above the law withstood the first criminal trial of a former American president.
Ukraine gets go ahead to strike inside Russia with US missiles
The move marks a shift by Washington after weeks of pressure from Kyiv and its allies and could mark a new chapter in the Ukraine war.
Turmoil erupts inside OpenAI over safety fears
Arguments over safety and Sam Altman’s leadership are spilling back into the public domain as the AI start-up is hit by resignations.
Property
- Exclusive
- Luxury property
Live where the Kardashians stay in Bellevue Hill for $15k a night
AFR Weekend takes a look inside Sydney’s secret world of prestige rentals, where A-listers and business heavyweights dig deep for temporary accommodation.
Perth’s house prices to jump 21pc by 2025: NAB
The bank upgraded its house price expectations for Perth, Brisbane and Adelaide as values there accelerate.
Sluggish rate of new home approvals is bad news for renters, buyers
The dwindling pipeline of new builds revealed by the drop in permits is another blow to efforts by governments across the country to improve housing supply.
Baby Boomers are loving the ‘freedom’ of renter life
Typically, those who don’t own a home worry it might be detrimental to their financial future. However, more Baby Boomers are in favour of renting.
- Analysis
- Luxury property
What went wrong at Britain’s poshest retirement village?
High-end retirement homes aimed at wealthy Baby Boomers are popping up all over the UK. Investors now consider the senior living sector to be a profitable asset.
Wealth
How the rich use this tax strategy to get richer
For many people, debt is a scary word. But debt can help build wealth so long as you’re careful about it.
Decades after tycoon’s death, his family is suing each other over a mansion
Tech tycoon’s widow says she felt ‘used and abused’ in a dispute that pitted her three children against her – and each other.
Nuclear, data centres are in a sweet spot for investors
Analysts are scouring sharemarkets for ways to profit from the rush of money into the data centres that will support the rise of AI.
Technology
ChatPwC v KPMG KymChat: Consultants race is on after ‘world’s biggest’ AI deal
The US and UK arms of consulting giant PwC have become the biggest direct corporate client of OpenAI, announcing a deal to use and resell the AI firm’s tools.
Tesla slams Glass Lewis after report on Musk mega pay deal
The electric vehicle maker has hit back at the proxy adviser and is urging investors to back Musk’s mega pay deal.
Companies ‘must take responsibility for not breaking laws with AI’
The competition and corporate regulators say businesses have all the information they need to experiment with AI, after being accused of providing a lack of guidance.
Work & Careers
- Exclusive
- Philanthropy
How Geoff Wilson assembled his investment dream team
Philip Lowe, Jennifer Westacott, Mike Baird, David Paradice, Andrew Forrest and Solomon Lew are among the heavy-hitters who have joined Geoff Wilson’s charitable mission to raise money for kids.
Olympian Grant Hackett’s rise from rock bottom to top 500 CEO
The three-time Olympic gold medallist has always been a long-term planner, and had his career mapped out well before his illustrious swimming career ended.
Life & Luxury
How this comedian built a career while working for PwC
His bosses thought he’d just popped out for a moment, but he was actually working at the ABC.
‘Every country is worried about what’s happening in the US’
ESG champion David Atkin runs a global organisation with 5300 signatories that manage a total of $US121 trillion – about half of global funds under management.
400 new recipes for one small ship? This is cruising for true foodies
New executive culinary director Alexis Quaretti is serving classical French cuisine, of course, but expect additional inventive menus from Oceania Cruises.
TikTok video about finance bros is a viral hit
A 19-second song poking fun at old stereotypes has become a viral hit.
This week’s edit of lovely little luxuries: cute hats to rare whisky
Add gorgeous designer lighting, glittering jewellery and sublime clothing to the mix, and we have inspired suggestions for everyone.
