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- Need to Know
Vance vows to accept defeat if Trump loses
Tim Walz and J.D. Vance went after each other’s running mates in a vice presidential debate that began with a discussion about growing fears of a regional Middle East war. Follow updates here.
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Candidates push positivity in closing statements
Vance vows to accept defeat if Trump loses
Walz, Vance ‘miles apart’ on censorship
Vance dodges childcare subsidy promise
Last updated 9 mins ago
- Opinion
- Chanticleer
Investors shouldn’t worry about Iran’s attack on Israel – yet
The “risk off” reaction of global markets to the missile barrage is predictable. But there are good reasons to look past the escalating conflict.
- Live
- Markets Live
ASX flat; energy, gold in demand; BHP rallies
Shares subdued; MFF eyes Montaka; HPI rejects Charter Hall-Hostplus bid; Viva Leisure in record members visits; Santos inks LNG contract with TotalEnergies. Follow updates here.
Double dissolution election threat ‘serious’: Labor
Labor is preparing to reintroduce its stalled shared equity housing bill into parliament next week, in an attempt to increase pressure on the Greens.
PM condemns Iran for Israel missile strike
Anthony Albanese called for a Middle East ceasefire, as he warned that planned pro-Palestinian protests for October 7 would stoke disharmony.
- Opinion
- Interest rates
RBA should spell out rules on private meetings with market movers
The holding of confidential meetings can backfire when some people think that others are getting advantaged access to the central bank’s thinking, writes John Kehoe.
- Breaking
- Courts
ANZ fails to overturn finding that it breached rules in $2.5b raise
The bank was attempting to have a finding that it kept the market in the dark when there was a big institutional shortfall almost a decade ago thrown out.
Get our expert take on the race to the White House plus receive our weekly World View newsletter to make sense of the global impact. Exclusive to subscribers.
The hotly anticipated lists of who wields the most overt, covert and cultural clout in Australia.
Companies
CBA shuffles exec ranks, appoints new institutional bank boss
Andrew Hinchliff will become chief risk officer and Sinead Taylor will run the CBA institutional bank, amid other leadership changes unveiled on Wednesday.
Big-box chains not like Coles and Woolies, business warns MPs
Furniture giant IKEA says its business model did not allow deceptive price setting and it treats suppliers of live plants and food market items co-operatively.
- Updated
- Aviation
Qatar Airways to buy 25pc of Virgin Australia, funding big expansion
The deal with Bain Capital will allow the Gulf carrier to effectively bypass government approvals for more flights, creating a formidable rival for Qantas.
Samsung begins job cuts in Australia
The South Korean company has begun to pare staff, following similar moves in India and Latin America.
- Updated
- Healthcare
Sigma shares surge as it offers concessions for Chemist Warehouse deal
The pharmacy retailer and wholesaler says its franchisees will be allowed to leave without being penalised if it secures the $8.8 billion merger.
- Analysis
- Home loans
Buffer or blocker? Why APRA’s serviceability rule is so controversial
CBA boss Matt Comyn has defended APRA’s prudential settings from political attacks, saying housing policy must focus on supply.
News Corp chief says higher Rightmove bid would have been ‘foolhardy’
The Murdoch family-controlled giant owns 61 per cent of REA, which had lobbed a $12 billion takeover bid for its British rival. But the offer was rebuffed.
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Markets
Middle East escalation rocks bullish markets
Investors have been dealt a swift reality check as tensions between Iran and Israel threaten to bubble over after missile attacks.
US job openings climb to three-month high, exceeding forecast
Job openings rose beyond expectations, but other economic indicators showed a mixed picture of the labour market.
What happened overnight? Apple and Nvidia dropped as a new quarter began
Australian shares were set to open higher, US stocks closed lower, paced by the megacap leaders. Oil briefly spiked as Iran attacked Israel.
ASX caught in China-fuelled short squeeze
Avoiding China and owning banks was an easy route to beating the market. Now those winning bets are crumbling.
Rio Tinto, REA, JB Hi-Fi sitting on franking credit war chest
Morgan Stanley has identified the companies with the highest level of franking credits on their balance sheets. Releasing them is not so easy.
Opinion
Iran is playing its last few cards as its missiles strike Israel
Iran has little chance of defeating Israel in an all-out war. Tehran is in no position to dictate terms, and it knows it.
Corporate advisor
RBA should spell out rules on private meetings with market movers
The holding of confidential meetings can backfire when some people think that others are getting advantaged access to the central bank’s thinking.
Economics editor
Trump could be the biggest winner from Middle East escalation
The former president claims the world was at peace during his rule and that the “weakness” of the Biden administration has led to wars in Europe and the Levant.
Columnist
Where middle Australia meets the Middle East
Israel’s push into Lebanon ensures a greater fraying of any complacency about this country’s claims to enjoy enduring social cohesion over generations of immigrants.
Columnist
RBA must make rules of engagement explicit
The central bank should keep on talking to bankers, market economists, and politicians. But it needs transparent rules to guide it when it does.
Editorial
Rate cuts likely to save Albanese in 2025
The budget is back in the black and prices are easing. Interest rate relief in the lead-up to the election will complete the prime minister’s winning hand just as it hurt Scott Morrison in 2022.
Former Labor adviser
Politics
- Exclusive
- RBA
RBA barred Westpac in third case of briefing leak
A suspected leak of an off-record briefing from Michele Bullock led to the bank being black-listed for 12 months.
- Updated
- Home loans
CBA’s Comyn backs APRA’s mortgage buffer rules amid intense criticism
The chief executive of the country’s biggest lender said critics – who say the regulations make loans unattainable – were looking for an easy but ineffective fix.
Debt hits seven-year low before decade of deficits
Federal government net debt has fallen to its lowest level since 2017, but economists say the coming decade of deficits will send borrowing levels higher.
Sex work, yoga and cuddle therapy banned from NDIS spending
The list of approved and banned services for participants in the scheme comes into effect on Thursday, with a one-year transition period.
Australians urged to take commercial flights out of Lebanon
Foreign Minister Penny Wong says an immediate ceasefire is required after Israel invaded southern Lebanon.
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World
No one should mourn slain Hezbollah chief: PM
A political row over Australian support for terror group Hezbollah is deepening.
Iran launches salvo of ballistic missiles at Israel
Israel said more than 180 had been launched against it and vowed a “painful response”. No casualties were initially reported.
Vance’s mother deals with her past and his future
Trump’s running mate hid nothing in his warts-and-all memoir Hillbilly Elegy – including his mother’s addictions.
US dockworkers strike, halting half the nation’s ocean shipping
The strike blocks everything from food to automobile shipments across dozens of ports from Maine to Texas, in a disruption likely to cost the economy billions a day.
How ‘sinister’ Fayed lied his way into the heart of British society
The businessman’s already controversial reputation has been forever sullied by the shocking claims of at least 150 more victims.
Property
Pub landlord HPI rejects consortium’s $710m bid
The ASX-listed owner of 58 pubs told investors the bid undervalued its portfolio, which would only grow more in value as rates fell.
The suburbs where house prices slumped by up to $288k in three months
The pressures of high interest rates and poor affordability triggered a decline in median house values in some of the country’s most expensive markets.
High rates, low confidence - and tax cloud - hit housing pipeline
Australia’s need for new housing is intense, but in a market where feasibilities are “challenging”, that’s not translating into new homes.
- Exclusive
- Pubs
Paradise lost: Virtical pub empire’s problems have roots in Eden
Neil Rankin thought he would fund his retirement after selling a small-town pub to a company involving John Palasty. Instead, it turned into a lengthy legal battle.
Data centre market doubling in four years is conservative: CBRE
The latest CBRE research indicates the upward trajectory of data centre growth would be even faster if not for energy shortfalls.
Wealth
How to know if it’s time to sell shares
Sometimes it’s best to sell slowly; at other times quicker is better. Experts weigh in on how to know when it’s time to sell.
My son is off to uni. Should I give him a credit card for emergencies?
Set clear guidelines around what constitutes an emergency. Does a late-night taxi ride home from the pub qualify?
- Opinion
- ETFs
Why thematic ETFs are usually duds
Thematic exchange-traded funds – think electric vehicles, renewable energy or AI – promise to cash in on exciting trends, but are often disappointing.
Technology
WiseTech billionaire pushes to suppress stoush with Sydney beautician
Richard White is pursuing wellness entrepreneur and Real Housewives of Sydney contender Linda Rogan for bankruptcy. She says there is more to it.
- Opinion
- Digital Life
Why the Series 10 is now Apple’s best watch
The Watch Ultra 2 is still Apple’s most expensive watch, but the new Series 10 betters it in some (but not all) ways that matter.
- Gadgets With John Davidson
- Digital Life
Ocean cruising too slow for you? Speed things up with this action cam
DJI’s Osmo Action 5 Pro has features that will turn even the most sedate sojourn into a white-knuckle adventure.
Work & Careers
Explore how your boss measures up on the gender pay gap
Company-specific gender pay gaps were revealed for the first time earlier this year. Enter your industry and company in our interactive chart below to see how they measure up.
Manager to pay $500k for stealing clients and mowing his phone
Craig Martin faces the rare damages order over his move to a rival firm after his phones were immersed in water or “met with the unhappy fate of being run over by a lawn mower”.
Life & Luxury
Travel insider: five great deals from the Kimberley to Scandinavia
Plus there’s luxury lodging in the Sri Lankan highlands and a Roman hotel with a rich past.
Monet, Van Gogh star as international auctions heat up
The 20th/21st Century Evening Sale in Hong Kong set an Asian auction record for two of the world’s most cherished artists, Vincent van Gogh and Claude Monet.
- Driving With Tony Davis
- Motoring
Our hot lap in the new and even more powerful Taycan Turbo
Former F3 champion Karl Reindler reckons the all-electric Porsche would get within a couple of seconds of a petrol-powered 911 Turbo.
What’s new in cruising: From a $2.5m suite to the rise of hotel yachts
Cruising is livelier, more varied and more interesting than ever before. We delve into the best trends and latest happenings.
How Zimmermann brought surf and sun to Paris Fashion Week
Now a permanent fixture on the Paris calendar, the Australian brand has found its feet, and is giving them brand new shoes.
