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ASX to rise though China stimulus disappointment lingers
Shares are set to open higher as techs rallied strongly in New York; Oil falls sharply; RBNZ poised to slash its key rate. Follow updates here.
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Short Treasury bets emerge as big rate cut expectations vanish
ASX to rise, Nvidia powers Wall Street higher
New Zealand poised to cut rate
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- Live
- Need to Know
Israeli strike hits Syria residential building
The strike killed seven after it obliterated three floors of the building; Benjamin Netanyahu says Israel has killed successor to head of Hezbollah. Follow live updates.
- Updated
- Courts
Richard White’s alleged lover claims he expected sex for investment
In documents filed with the Federal Court, the wellness entrepreneur said a business trip to New York changed when the billionaire booked only one hotel room.
Israeli PM warns Lebanon to step back from ‘abyss’
Benjamin Netanyahu’s words came as he sent a fourth army division in and airstrikes killed another Hezbollah leader.
‘No excuse’: ASIC seeks $27m fine against super giant for customer care fail
The corporate watchdog asked the Federal Court for a penalty with “real sting and burden” against AustralianSuper as a warning to the wider sector.
- Opinion
- Chanticleer
Bain seeks to quaff up Australia’s Accolade Wines
The local winemaking giant’s first private equity owner made a motza, the second lost it. The new brigade promises its reign will be very different.
- Exclusive
- International students
Labor education heavyweight says student cap plan is ‘bad policy’
The comments from former higher education minister Kim Carr came as the central bank warned a limit on enrolments would hit exports but may not lower inflation.
- Driving With Tony Davis
- Motoring
Wellness on wheels: the cars that read your mood
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.
MIDDLE EAST CONFLICT
Rancour over Israel reaches new low
Amid angry scenes, the Coalition and Labor have failed to agree on a resolution to mark the first anniversary of the October 7 terrorist attacks against Israel.
Israeli ground invasion reopens old wounds in battered south Lebanon
Escalation in Israel’s campaign against Hezbollah revives memories of the displacement and occupation of the past.
- Opinion
- Middle East conflict
This is the only way Iran’s regime can topple
Military intervention from Israel or the United States is unlikely to bring about the fall of the Islamic republic.
Hamas to rise ‘like a phoenix’ to battle Israel: leader
Hamas leader-in-exile Khaled Meshal said the group had suffered heavy casualties in its year-long war with Israel, but would rise from the ashes.
Israel takes fire on three fronts on anniversary of Hamas massacre
As the world commemorated the terrorist attack that triggered the conflict, rockets rained down on Israel from Gaza, Lebanon and Yemen.
BOSS - most innovative companies
Emissions tracking tool a winner for super funds and Pathzero
Aware Super and Hesta use Pathzero software. So do 600 fund managers. It’s already the world’s largest data sharing network for private market carbon emissions.
How this Aussie mining tech company is doing its bit for the planet
ElectraLith is named the 2024 AFR BOSS Most Innovative Company in the Agriculture, Mining, Engineering and Utilities sector.
The start-up revolutionising male fertility tests
A home testing kit for men helps avoid the inconvenience and embarrassment of trips to IVF clinics.
You’ll thank this bank for making you wait hours for your savings
This neo-bank wants to do money differently, and teach its customers how to take control of their budgets.
How one agency found a way to juice its clients’ Google search results
Impressive Digital has spent the past two years building Skailed, a platform that can generate thousands of e-com landing pages to improve Google rankings.
Companies
VC deep freeze still manages to outrun IPO market
The IPO drought has forced venture capital investors to search for different ways to realise profits from long-held investments.
- Exclusive
- Iron ore
Rinehart slashes plans for next big mine as ESG factors hit
The billionaire businesswoman has dramatically scaled back the proposed Mulga Downs iron ore project by 40 per cent to overcome environmental concerns.
Cashed-up NSW coal power owner jilted by banks
Sev.en Global’s Delta has requested an urgent change to the rules for the electricity market after being unable to extend a bank guarantee because of its coal links.
Negative gearing changes would be a drag on bank stocks: analysts
Citi examined restrictions on housing investor tax settings in New Zealand, and Australia in the 1980s, and found they helped rents go up.
Super Retail asks for Harmers to be ousted from termination suit
Harmers Workplace Lawyers is estimated to be charging $1 million for advice to its two female clients suing the retailer over unfair dismissal.
Investors back Arcadium to unlock Rio Tinto’s Argentina dream
Australian investors say Argentina’s pro-business government and links to North American markets outweigh the nation’s reputation for sovereign risk.
Air travellers should reap rewards from Sydney Airport revamp
The Labor government will finally introduce changes to how Sydney Airport operates on Wednesday.
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Markets
China disappoints with latest stimulus plan
The government had raised hopes of more fiscal pump-priming of the economy after the central bank’s earlier interest-rate relief and liquidity measures.
What happened overnight? Nvidia powers Wall Street higher as megacap techs rally
The Nasdaq paced gains in New York as the magnificent seven caught a fresh wave of AI enthusiasm. All three US benchmarks closed higher on the day.
Iron ore, stocks suffer brutal reversal as China hopes dashed
Chinese officials fell well short of the multitrillion-yuan stimulus package predicted by some analysts, wrong-footing bullish commodity and equity markets.
Iron ore to hit $US120 if China ramps up stimulus
Citi believes iron ore and base metals are set to rally if China delivers a whopping 10 trillion yuan ($2.1 trillion) stimulus package that the market had been pricing in.
RBA concedes $188b in cheap loans may have gone too far
The losses on the loans forced the RBA to suspend paying multibillion-dollar annual dividends to the government and plunged its balance sheet into negative equity.
Opinion
The government has little to show on economic reform
The Albanese government has added to public spending and put in place no productivity enhancing policies to help.
Editorial
Why Australian miners are feeling anxious
The market and the miners were primed for good news from Beijing but they didn’t get it. Now it’s back to basics – or bids like Rio Tinto’s for Arcadium.
Columnist
The unresolved tension at the core of Australia’s strategic policy
Australia wants to constrain China, but without tying itself to America’s own ambitions and all that might mean.
Contributor
Chris Bowen has his own great gas gap to fill
The government has called out the Dutton nuclear plan’s interim reliance on gas. The trouble is that Labor has its own vulnerabilities.
Oil and gas industry representative
This book changed the world. The West needs to read it again
More than three-quarters of a century after Friedrich Hayek faced trenchant opposition, the ideals he championed must be fought for once more.
Contributor
The government’s misinformation bill is a betrayal of democracy
This bill incentivises censorship. It makes the government the ultimate arbiter of truth. It has no place in our nation.
Shadow minister
Politics
We can win majority, Albanese assures Labor MPs
The prime minister used a closed-door meeting of Labor’s caucus to promise a major second-term agenda, including action on childcare.
- Analysis
- Middle East conflict
Government caught in a conflict over which it has no control
Attacked by the Greens, Arabs and Iranians on one side, and the Coalition and the Jews on the other, Labor MPs feel they can’t win.
What Tony Abbott taught Liz Truss about handling illegal immigrants
Attempts by the previous British government to thwart people smuggling by deporting illegal immigrants to Rwanda was based on advice by Tony Abbott
Albanese to press China on trade
The Association of South-East Asian Nations leaders’ summit will take place in Vientiane, Laos this week, the latest international push by Prime Minister Anthony Albanese.
Small business hammered by rising costs
Higher costs for energy, rent, insurance and interest rates are putting small businesses under the most financial pressure in decades, a new report concludes.
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World
Jamie Dimon refuses to endorse a presidential candidate
The J.P. Morgan boss, however, said he wants half of the next White House cabinet to come from the private sector and include opposition party members.
Trump secretly spoke with Putin after leaving office, book says
The book also reports that Trump, while still in office, secretly sent Putin what were then rare tests for the COVID-19 virus for the Russian’s personal use.
Insurers’ Helene loss estimates leap to more than $20b
Private market insured loss estimates from Hurricane Helene climbed higher and insurers are preparing for more devastation from Hurricane Milton.
- Analysis
- Global economy
Is China simply juicing stocks to make consumers feel better?
Economic growth is sluggish and youth unemployment is at socially precarious levels. But is recent stimulus designed to simply pump up sharemarket sentiment?
Israeli ground invasion reopens old wounds in battered south Lebanon
Escalation in Israel’s campaign against Hezbollah revives memories of the displacement and occupation of the past.
Property
- Exclusive
- Hotels
Fund manager buys coastal hotels with Rick Stein eateries
Salter Brothers has purchased three Bannisters hotels in Mollymook and Port Stephens that are home to the celebrity UK chef’s famous seafood restaurants.
Singapore ends 181 years of horse racing to make way for homes
Horse racing on the island has always had to contend with the need for land.
Plan to save Frank Lloyd Wright’s only skyscraper isn’t going well
Once a buzzy hub of business life, and briefly occupied by Phillips Petroleum, the 19-storey tower has struggled for many years to find an anchor tenant.
Japan’s window to buy Australian home builders closing
There’s a transformation taking place in Australia’s home-building sector as Japan’s largest property companies expand. But there’s a time limit on it.
Newer apartment prices to climb by 23 per cent by 2026
Lower interest rates, strong demand and supply shortage will fuel a rebound in apartment values, according to CBRE.
Wealth
- Opinion
- Passive investing
Is passive investing a safe bet or a double-edged sword?
While typically considered benign, passive index investing can come with unintended consequences.
- Opinion
- Investing
Don’t let politics get in the way of a good return
With the US presidential election less than a month away should investors be concerned about the impact on sharemarkets?
Earning good money but saving nothing? Here’s what to do
No matter how much you earn, good budgeting is the foundation of financial success.
Technology
US judge orders sweeping changes to Google’s Android app store
As punishment, Epic had asked the court to mandate changes that would let businesses largely bypass Google’s app store to distribute their Android apps.
- Gadgets With John Davidson
- Digital Life
The Vitruvian Trainer+ is a lot like the Peloton – but for weights
You connect handles to ropes and pull on them, in a sort of human-versus-machine tug of war.
Once the future of the internet, the metaverse is largely empty
Two years ago, the world’s biggest brands couldn’t get enough of virtual worlds. Now, only the most hardcore users are left.
Work & Careers
‘No excuse’: Drunk worker fired for Qantas Lounge sex harassment
The fly-in fly-out worker had her unfair dismissal claim rejected, including that placing her head in a co-worker’s lap was “the usual inconvenience of public travel”.
Deloitte partner moves to boutique workplace consulting firm
Tax advisory partner Steve Batrouney is the latest to join the wave of big four leaders moving to smaller firms amid growing client demand for specialist advisers.
Life & Luxury
At these ultra-luxe Maldives resorts, you could be in for a surprise
Take up the alternative medical therapies or snorkel in transparent water with boundless reef fish. Each has its own wow factor.
This sleekly designed Swiss Alps hotel is guaranteed to refresh you
At 7132 Hotel in Vals, Switzerland, healing thermal waters bubble below while star architecture rises above.
Weight loss wars: a century on, the battle heats up
America’s Eli Lilly is locked in a fight with Denmark’s Novo Nordisk to control the weight loss market. One product could hold the key.
Don’t expect human life expectancy to grow much more
Some billionaires think they can extend their lives to 200 years at least, but researchers say we’ve probably already maxed out the human lifespan.
On cloud nine for a sky-high price: the $1m mattress
“Sleep instruments” have become a status symbol. What would you be willing to fork out for a good night’s sleep?
