- Exclusive
- Casinos
Star asks lenders for relief and money to secure financial future
The struggling casino giant has also asked for temporary tax relief from the NSW and Queensland governments as it prepares to resume trading on Monday.
The ultrarich are buying up big, and using shell companies to hide it
Across the country, the wealthy are increasingly creating schemes to shield real estate transactions from view. And with it, creating a whole new industry.
Farquhar’s Atlassian era passes without a grand farewell
Co-founders Scott Farquhar and Mike Cannon-Brookes spent their final day of as co-CEOs working from home. Venture capitalists say Farquhar’s influence goes beyond Atlassian.
ASX could test record after Wall Street pushes higher
Hopes for a US interest rate cut continue to buoy risk sentiment globally, with the Australian market focusing this week on the RBA governor’s speech.
Brokers unload on CBA’s Comyn over pay
Industry group boss Anja Pannek said comments critical of broker pay controls from CBA boss Matt Comyn were a “deflection” after he lifted bonus caps for his bankers.
- Opinion
- Big four
What scandal? Elliott doubles down on minimising bond trading fallout
Shayne Elliott is steadfast in his position that ANZ hasn’t done all that much wrong. It’s a familiar stance, but this time he better be right, writes Jonathan Shapiro.
- Exclusive
- Online gambling
Gambling advertising ban on jerseys and stadium signs back in play
The government had planned a separate process, but discussions have restarted after bookies supported the idea.
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The best of travel, fashion, cars and more, straight to your inbox every Saturday.
Companies
ESG fights for its place in mining sector’s sacred tome
For decades, the JORC code has been the little-known foundation upon which $544 billion in market value has been built. Now it’s getting a big shake-up.
MinRes Air propelled by Multiplex heir Tim Roberts
Mineral Resources’ former director Tim Roberts is half owner of a new airline that Chris Ellison reckons will boost retention at the debt-laden miner.
- Analysis
- Land banking
Endeavour’s property gambit needs capital and patience
Endeavour Group needs time to deliver its plans to redevelop excess land in its pubs and retail freeholdings. But how much longer will it get?
Activists seek to stir investor revolt at Woodside
Market Forces is urging shareholders to demand a board revamp at the oil and gas producer, citing a huge increase in emissions from its US LNG export plans.
Bank boss outraged by 10pc transaction fee for coffee
The Reserve Bank is already scrutinising the growing practice of adding a fee to the cost of a purchase to cover the cost of processing the transaction.
- Updated
- Casinos
Regulator has Star chair in its sights despite licence reprieve
A report authored for the NSW regulator was scathing in its assessment of the company’s former chief executive and its board, led by chairwoman Anne Ward.
We have suffered reputational damage from bond scandal: ANZ boss
Shayne Elliott says he’s prepared to face the consequences of the fallout of the bond trading and culture scandal as he defended the bank’s actions.
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Markets
Growth tipped to slump to 0.9pc, but don’t expect a rate cut
Outside the pandemic, it would be the slowest rate of annual growth since the 1990s recession, and the sixth consecutive quarter in which GDP per person declined.
Chinese steel exports to reach eight-year high
Imports into Europe are expected to spike later this year, raising the prospect of more trade tensions.
- Opinion
- Earnings season
Here’s what is really going on in Australia’s sharemarket
After an intense month of profit results, when fund managers met with the majority of ASX-listed companies, the key takeaways were illuminating.
- Opinion
- Chanticleer
Back to basics works for bombed out blue chips
Here’s a lesson for all the new CEOs; investors prefer it when you fix what you’ve got, rather than chase what you think you need.
ASX investors flood back as earnings season soothes market panic
Strong dividends and signs that consumers were still spending fuelled a recovery from a shock sell-off this month, with the ASX 200 back near record highs.
Opinion
Class action skewers Rio Tinto’s Bougainville redemption
A secretive company is disrupting efforts to finally make amends for the environmental devastation caused by its copper mine in Bougainville some 30 years ago.
Contributor
What scandal? Elliott doubles down on minimising bond trading fallout
Shayne Elliott is steadfast in his position that ANZ hasn’t done all that much wrong. It’s a familiar stance, but this time he better be right.
Senior reporter
Five questions to ask for Australia to reach its destiny in Asia
After years of spruiking ‘engagement’ with the region, we need to start asking ourselves some deep questions about how we advance our prosperity in the region.
Foreign policy expert
Aged care deal a small step to fairer system for young workers
Expecting taxpayers to foot the bill for spiralling aged care costs, just to avoid politically difficult conversations about independent retirement, only exacerbates generational inequality.
Think tank researcher
At CFMEU protests, the most important group didn’t turn up
The average trade union member these days is not a big beefy bloke in a hard hat and black T-shirt, but a 46-year-old female nurse.
Political editor
Business must speak up and push back on populism
Matt Comyn was right to challenge the fact-free rhetoric that is debasing Australia’s politics.
Editorial
Reports
Higher Education Awards
The Higher Education Awards highlight the tremendous contribution that the Higher Education sector makes to Australian capability, prosperity and society.
Politics
Greens’ housing solution: hire 1000 public servants and slug landlords
The minor party wants a new national authority to crack down on dodgy real estate agents and landlords, promising to hire 1000 federal public servants to enforce renters rights.
- Exclusive
- Russia-Ukraine war
Why ‘paranoid’ Russia’s ties with China should worry Australia
Democracies including Australia need to band together against the ‘community of autocracies’ of Russia, China, Iran and North Korea, one of NATO’s top officials says.
‘More for a second-hand toothbrush’: Why EVs are on the nose
The most commonly held concerns about buying an electric vehicle related to upfront cost, charging facilities, and deterioration.
- Opinion
- Aged care
Aged care deal a small step to fairer system for young workers
Expecting taxpayers to foot the bill for spiralling aged care costs, just to avoid politically difficult conversations about independent retirement, only exacerbates generational inequality.
- Exclusive
- CFMEU
Setka’s wild rant at unions, the ACTU, Albanese and more
Former CFMEU boss John Setka has hit out at Prime Minister Anthony Albanese, Labor ministers, the ACTU and others in an expletive-laden rant.
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World
Israel finds bodies of six more ‘brutally murdered’ hostages
Israel’s military says the hostages were executed just before soldiers arrived in a tunnel under Rafah. President Joe Biden said Hamas will “pay for these crimes”.
Why Pratt’s Ohio workers are swinging behind Donald Trump
The state is a test of support for Trump and J.D. Vance, who grew up there. In the town that’s home to Anthony Pratt’s paper mill, voters are already decided.
US-made F-16 crash still a mystery, as Ukraine mourns pilot’s death
After Ukraine sacked its air force chief, two senior US military officials said the cause of the F-16’s crash last week was probably not friendly fire.
- Analysis
- US Votes 2024
Trump is a ‘deer in the headlights’ on one key issue
Heading into the campaign’s final stretch, Republicans careen between their base and swing voters on the powerful issue of reproductive rights.
Australia, US condemn China over ‘dangerous’ new South Sea collision
The collision of the Chinese and Philippine coast guard vessels was the fifth in a month, as tensions escalate between the two nations in the vital waterway.
Property
One-bathroom house beats reserve by $1m
Analysts say mortgage stress is one of the likely reasons more houses are being offered for auction, and warn it could lead to prices stalling or even falling in some places.
- Exclusive
- Construction
Pay deals keep tradies in line with Big Mac index, but teachers lag
Annual wage growth close to 5 per cent for the past two decades has put CFMEU construction workers ahead of other employees, new earnings analysis shows.
Mormons join $1.1b American push into ‘undervalued’ Aussie farmland
The Mormon Church has purchased a Queensland cropping aggregation for over $300 million, while a NASDAQ-listed company has acquired the Bell family’s NSW farming empire.
- Exclusive
- Industrial
Rich Listers double down on industrial with $800m logistics plans
Brothers Andrew and Michael Buxton have spent almost $150m buying adjoining sites in south-east Melbourne where they are planning an $800m logistics estate.
Bleak outlook for commercial property: NAB
Sentiment and confidence waned in all states bar Western Australia with Victoria the clear under-performer in all sectors, according to an industry survey.
Wealth
The super funds failing to perform
For the first time, all default MySuper options passed the APRA performance test, but big retail funds continue to underperform.
Yachts, fine art and investment properties targeted by ATO
The ATO will use data from insurance and property management companies to cross-check taxpayer claims.
- Opinion
- SMSFs
Beware – DIY repairs and renovations are a minefield for SMSFs
Doing work on a property owned by your SMSF is fraught with danger because of strict tax and superannuation laws. Here’s what you need to know.
Technology
- Analysis
- The Breakdown
Why Nvidia, Apple and OpenAI need to strike a big deal
Microsoft has long been a major investor in the ChatGPT maker, now the two biggest companies in the world look like jumping on board, and OpenAI needs them.
Apple, Nvidia in talks to invest in OpenAI valuing it at $147b
The technology giants would join a multibillion-dollar funding round alongside Microsoft and Thrive Capital that would value the start-up at $147 billion.
- Analysis
- Earnings season
Nvidia’s fall shows ‘just great’ isn’t good enough any more
On the surface everything was rosy in Nvidia’s market-shifting earnings call, so why have investors headed for the door?
Work & Careers
The directors under 50 making their mark on top ASX boards
BOSS talks to five directors under the age of 50 about their careers and the experience they bring to the boards on which they serve.
Millions of workers could soon get more WFH rights
Millions of clerical workers could soon have the right to request working-from-home arrangements under changes being considered by the Fair Work Commission.
Life & Luxury
This summer’s most stylish status symbols come from luxury hotels
Forget Dior and Chanel. Wearing swag from beloved holiday properties has suddenly become the latest and hottest fashion trend.
This is where you will be treated like racing royalty
Few hotels can claim an equine concierge, but book a stay at Ireland’s Cashel Palace and you will mingle with the best in the business.
The Australian brands cashing in on Gen Alpha’s skincare obsession
They can’t drive yet, but the spending power of people born after 2010 is predicted to outstrip that of their parents and Gen Z combined.
Petricola stars as Aussie clinch velodrome medals
Emily Petricola has overcome a flare-up of multiple sclerosis to smash her own world record and retain her Paralympic gold medal.
Opera Australia artistic director gone amid rift with boss
Australia’s largest performing arts company is in turmoil, with Jo Davies resigning after just nine months in the role amid a split with CEO Fiona Allan.
