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ANZ suspends traders for alleged misconduct amid markets probe
The bank’s executives are battling to contain a growing scandal about its trading team, with the regulator investigating whether bond trades were manipulated.
- 1 hr ago
- Jonathan Shapiro
Genex to depart ASX after investors back J-Power takeover
Shareholder approval of the deal, worth more than $1 billion including debt, was in little doubt after 19.9 per cent investor Skip Capital revealed it would back it.
- Angela Macdonald-Smith
Barrenjoey’s burrito bank is more like a trough
The investment bank’s research analysts are bullish on Guzman y Gomez. They also have an interest in its success.
- Mark Di Stefano
- Updated
- Roads
Review finds Transurban should be forced to renegotiate Sydney tolls
The recommendations put the NSW government on a collision course with the ASX-listed motorway giant, which controls 11 of the city’s 13 toll roads.
- Updated
- Jenny Wiggins
AGL, Squadron CEOs warn of pitfalls in flagship clean energy policy
The Capacity Investment Scheme could end up supporting poor projects that only won contracts because they bid at a cheap price and which will never be built, a clean energy summit heard.
- Angela Macdonald-Smith
Labyrinth Resources buys Vivien mine, launches equity raising
Vivien was one of the most profitable mines when it was in Ramelius Resources’ stable.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Opinion & Analysis
Australia’s blue blood miner, management moderniser and business nationalist
During his heyday in the 1970s and ’80s, Sir Roderick Carnegie was a believer in the power of big corporations competing in open markets to drive human progress.
Editorial
Resources sector’s No.1 health indicator flashes red
It’s good that Rio Tinto shipped 80 million tonnes of iron ore from the Pilbara in June, but think about what’s happening below the surface in Australian resources.
Columnist
Beware the triple threat to Australia’s China riches
Approvals for Rio Tinto’s new $34 billion Simandou mine are a reminder that the next 30 years for the iron ore sector will look much different to the last.
Columnist
Transurban hijacks NSW toll review, raises social licence stakes
Transurban changed its tune in June, promising to be part of the solution. It has six months to come up with something better for Sydney’s drivers.
Columnist
Companies in the News
Commonwealth Bank
ASX Limited
Liontown Resources
Updated: Jul 16, 2024 – 4.10pm. Data is 20 mins delayed.
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Featured
Liontown lithium supply test of faith for Tesla after BHP nickel halt
Nickel and lithium have had a rocky ride over the past 18 months. But the outlook cannot be wider for the biggest local players in each commodity.
- Brad Thompson
- Investigation
- Building Bad
Caught on film: How Setka and the CFMEU wield their power
Videos show John Setka delivering a suitcase message to a rival’s home, and other officials issuing threats and boasting of the union’s total control.
- David Marin-Guzman
- Investigation
- Building Bad
Bikies, underworld figures and the CFMEU takeover of construction
‘It’s a cancer that spreads ... we’ll all pay for it’: This is the investigation into CFMEU power that prompted union boss John Setka to quit.
- Nick McKenzie, David Marin-Guzman and Ben Schneiders
More From Today
- Opinion
- The AFR View
Australia’s blue blood miner, management moderniser and business nationalist
During his heyday in the 1970s and ’80s, Sir Roderick Carnegie was a believer in the power of big corporations competing in open markets to drive human progress.
- The AFR View
- Opinion
- Chanticleer
Resources sector’s No.1 health indicator flashes red
It’s good that Rio Tinto shipped 80 million tonnes of iron ore from the Pilbara in June, but think about what’s happening below the surface in Australian resources.
- Anthony Macdonald
Rinehart boosts stake in $5b WA magnetite project linked to India
Australian richest person, Gina Rinehart, is set to strengthen ties with India as the case for a new magnetite mine starts to stack up.
- Brad Thompson
- Opinion
- Chanticleer
Beware the triple threat to Australia’s China riches
Approvals for Rio Tinto’s new $34 billion Simandou mine are a reminder that the next 30 years for the iron ore sector will look much different to the last.
- James Thomson
The only analyst still backing CBA says the huge price is worth it
Shares in the country’s largest bank have rallied 30 per cent in 12 months, with fund managers and every broker – except CLSA – saying it is too expensive.
- Lucas Baird
- Opinion
- Chanticleer
Transurban hijacks NSW toll review, raises social licence stakes
Transurban changed its tune in June, promising to be part of the solution. It has six months to come up with something better for Sydney’s drivers.
- Anthony Macdonald
AI ‘final nail in coffin’ of Australia’s creative sector
The group representing the nation’s creative workers says the technology could utterly devastate their already diminished earning power.
- Sam Buckingham-Jones
Boutique firms prove attractive in big four exodus
Management consultant Sin Yin Long has joined Rennie Advisory, as boutique firms capitalise on instability at the large operators.
- Maxim Shanahan
KPMG pay growth slows in tough market
Pay rises for this financial year were minimal, with graduate salaries increasing by an average of just 1.5 per cent.
- Maxim Shanahan
AEMO chief warns no chance of nuclear replacing ageing coal plants
Daniel Westerman, who runs the energy market operator, said gas generation would remain the “ultimate backstop” as fossil fuels exit the electricity grid.
- Angela Macdonald-Smith
IGO flags impairment in second wave of nickel pain sweeping WA
There is no end in sight to the company’s nickel nightmare as it warns of a $275 million writedown on exploration assets.
- Brad Thompson
General Pants Co’s dispute with creditor ‘resolved’
A winding-up application against the youth fashion retailer, owned by Richard Facioni’s Alquemie Group, is expected to be dismissed on Wednesday.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Argonaut Securities targets ECM growth with new hire
Street Talk understands the boutique stockbroker has tapped Foster Stockbroking head of corporate finance Rob Telford to grow its Perth presence.
- Sarah Thompson, Kanika Sood and Emma Rapaport
KPMG axes legal division, dozens of jobs to go
KPMG will undertake its second major restructure in a month, bringing a decisive end to its ill-fated legal experiment.
- Maxim Shanahan
Rio Tinto’s $34.3b African iron ore project gets green light
Soft iron ore exports from Western Australia were overshadowed by final approvals for the Simandou iron ore project in Africa.
- Peter Ker
- Opinion
- The AFR View
Surely everyone knew the CFMEU’s dirty secrets?
Given the money flows between the union, criminals, building companies and the Labor Party, cleaning out this poison must surely require action by federal or state corruption bodies.
- The AFR View
This Olympian started her business seven months before Paris
Being a professional athlete is hard enough. Somehow, beach volleyball star Mariafe Artacho del Solar has found time to start a small business.
- Zoe Samios
Elon Musk wants to colonise Mars, seriously
The billionaire has directed SpaceX employees to design a Martian city, which he expects could have a million residents in 20 years.
- Kirsten Grind
ICA Partners shops stake in EnergyAustralia’s Wooreen battery project
EnergyAustralia has put a 50 per cent equity stake in its “shovel-ready” Wooreen battery energy storage system project on the table and tapped ICA Partners to drum up interest.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Westpac wins $15m fruit stand fraud case
Fresh Xpress created “entirely fictitious” accounts, which included fake invoices and overstated profits, a court has found.
- Lucas Baird
