How are Australia’s cities transforming? Join us as top decision makers explore investments and development plans.
Trump slump: Chalmers warns of lower growth, price pressures
Australia won’t be immune from escalating trade tensions triggered by Donald Trump’s proposed policies, a Treasury analysis has revealed.
- Live
- Markets Live
ASX to fall, Incitec cuts dividend; Stockland ups guidance
Shares to slip; S&P 500, Dow reset highs; Bitcoin hits record high; Incitec swings to loss; Resolute’s boss detained in Mali; $A under US66¢; Fonterra upgrades milk price forecast. Follow updates here.
- Live
- Need to Know
Conroy ‘very confident’ AUKUS safe under Trump presidency
Acting Defence Minister Pat Conroy says AUKUS is of strategic interest of all three countries; Donald Trump tells Vladimir Putin not to escalate in Ukraine. Follow live updates.
- Exclusive
- Casinos
Blackstone builds Crown Resorts debt bomb as casino profits slide
The private equity giant says it’s comfortable with the big loan it took to buy the casino operator, despite the interest bill and an earnings crunch.
UniSuper, Cbus win right to buy $830m Macquarie Centre stake off Dexus
The superannuation giants had taken Dexus, one of the country’s largest real estate landlords, to court claiming it breached contractual rules and had to sell.
- Opinion
- Big four
Why can’t Macquarie make up its mind on what CBA is worth?
When CBA reports strong quarterly profits this week, leading banking analysts will say sell. But their colleagues in wealth management will tell clients to buy, writes Tony Boyd.
Trump tells Putin not to escalate in Ukraine
The phone call, which has not been previously reported, comes amid general uncertainty about how the new administration will reset the diplomatic chessboard.
Companies
- Exclusive
- Supermarkets
Red flag over Choice’s taxpayer-funded grocery price watch
The consumer advocacy group has overstated the difference in prices between the big supermarkets and discount store Aldi, a Wall Street investment bank says.
- Exclusive
- Infrastructure Summit
One business is paying $7.4m in Sydney road tolls
Data compiled by the NSW government shows the high cost of tolls for companies as the state pushes ahead with new laws to monitor the prices motorists are being charged.
Forrest debt feud threatens future of rare earths hopeful Hastings
The West Australian developer took a loan from its chairman, angering its biggest financier, the billionaire businessman’s private mining vehicle.
Tesla sales disappoint despite Elon Musk’s carmaker slashing prices
The company makes the dominant electric vehicle model in the country. But it faces intense competition from luxury European rivals and cheaper Chinese brands.
New York’s Evercore sells out of local advisory firm Luminis Partners
The investment bank dubbed Goldman North for its success and uptown headquarters has been a partner of Simon Mordant’s Australian firm since it was founded in 2015.
Port of Newcastle’s container terminal pitch tempts foreign investors
The world’s biggest coal export hub has been approached by big investors who want to help fund an expansion that is expected to cost well above $2.5 billion.
BoQ plays hardball with staff bonuses to limit redundancy costs
The regional lending major is encouraging so-called natural attrition as it attempts to cut around 400 staff and restructure the business.
Companies in the News
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Markets
UK pension fund crisis shows super risk to markets in Australia: RBA
It is the third time in as many months that Australia’s mammoth superannuation sector has been labelled a risk to the financial system.
What happened in markets overnight
Optimism that China’s economic package would bolster demand for Australia’s commodities had boosted shares of mining giants BHP and Rio Tinto last week.
- Opinion
- US Votes 2024
So, what does a Trump presidency mean for markets?
Despite the landslide victory of the Republicans, the policy outlook under Donald Trump’s second term remains uncertain. Many questions remain which the market will need answered.
- Opinion
- World markets
Global fundies gather in Sydney as world order reshapes in real time
Sydney is crawling with fundies and traders who are trying to work out how to position their books and build their portfolios in the age of Donald Trump.
- Updates
- Inside China
China pledges $2.1trn package to shore up economy
China announced trillions of yuan to support its heavily indebted local governments, as the world’s second-largest economy faces new risks from Donald Trump.
Opinion
Social media age ban is good for kids and parents
Labor’s move to now run hard on the issue of young peoples’ safety online will resonate with millions of average mums and dads.
Editorial
Global fundies gather in Sydney as world order reshapes in real time
Sydney is crawling with fundies and traders who are trying to work out how to position their books and build their portfolios in the age of Donald Trump.
Senior reporter
Big tech should stay in the sin bin until children are safe online
New laws could be less about booting kids off platforms and more about denying companies the ability to host young users unless they prove their products are safe.
Tech expert
Why women didn’t win the election for Kamala Harris
To win the presidency, the first successful female candidate will need to convince all Americans and the media of her authenticity, not just the young and college educated.
On Remembrance Day: new ways to understand an old war
Scholarship on the Great War extends far beyond the traditional focus on heroic but doomed Anzacs.
Historian
Democrats learnt the hard way that woke is broke
Democrats don’t understand why they turned off so many working-class voters over the decades, and why they developed such disdain toward their once loyal base.
Contributor
Reports
Customer Champions
The Customer Champions awards celebrate organisations that generate value for both customers and shareholders
Politics
Airlines bristle at $20k fines for cancelling flights
A Senate inquiry is considering an overhaul of how landing slots are managed at Australia’s busiest airport.
Rebound in wind, solar projects revives slim hope for 2030 targets
More commitments were made to new wind and solar farms in the September quarter than in the whole of 2023, according to Clean Energy Council data.
Unions ramp up attacks on mining sector amid calls to re-unionise Pilbara
One of Australia’s biggest unions has launched a broadside on mining giant Rio Tinto, accusing the company of “cowardice” and called on Pilbara workers to re-unionise the resources sector.
- Exclusive
- Scams
Verifiable credentials: Shorten’s ID push to stop scams
One of the nation’s biggest banks will help test the roll-out of trusted digital identities to stop scams and prevent data breaches of personal information.
Greens plan to cancel student debt unfair to poor, says HECS architect
In what looks like an act of one-upmanship, the Greens will promise to cancel all student debt, not just 20 per cent like Labor. Experts say the idea stinks.
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World
- Analysis
- US Votes 2024
What Trump has in store for six global hotspots
Capitals around the world are dusting off the old briefing books from Donald Trump’s first term, but this time could be a mix of the old and the totally unexpected.
TSMC stops advanced chip shipments to Chinese customers
The Taiwanese maker of most of the world’s cutting-edge computer chips discovered that one of its products ended up in a processor made by Chinese telco Huawei.
China, Indonesia strengthen ties as they brace for Trump
President Prabowo Subianto strikes deals with China before heading off to the US, as he tries to play a neutral role between the superpowers.
- Opinion
- US Votes 2024
Democrats learnt the hard way that woke is broke
Democrats don’t understand why they turned off so many working-class voters over the decades, and why they developed such disdain towards their once loyal base.
Trump win unlikely to spur US oil, gas production
Despite the president-elect’s promises, production is unlikely to surge as Wall Street demands returns over growth.
Property
Housing market braces for Trump’s interest rate gyrations
Less than two thirds of homes listed for auction sold in the past week as an already weakening market absorbed the prospects of Donald Trump’s re-election.
- Exclusive
- Courts
ATO cut a deal with developer accused of fraud. But the money vanished
The uncle of Real Housewives of Sydney star Nicole O’Neil struck a deal with the Tax Office to pay millions in bills and penalties. When the ATO went to get the money, it was gone.
Snowy Mountains lodge developed by ex-Citibank exec hits the market
The luxury Nimbo Fork Lodge near Tumut, developed by fishing enthusiast and former banker Chris Fehon, is for sale. Meanwhile, the historic Waverley Estate in South Australia has sold.
- Exclusive
- Luxury property
Brisbane’s Graya Group brothers expand with $24m Byron oceanfront
The duo behind cult Brisbane design and construction outfit Graya Group have emerged as the buyers of a large block in the exclusive Belongil Beach enclave.
- Exclusive
- Luxury property
Grand 1880s terraces in famous Sydney nightspot hit market asking $36m
One of the city’s most well-known clubs, in Potts Point, has been listed with a luxury DA encompassing high-end restaurants and luxury residences.
Wealth
Tapping super to help your kids buy a home? Read this first
While accessing your super to help the kids buy property may seem like a good idea, there are a few things to understand first.
- Opinion
- AI
AI science won the Nobel Prize, but can it fix your finances?
Artificial intelligence could help younger people grow their wealth, but there’s a risk it could also result in “quirky” – if not risky – portfolios.
- Opinion
- Investing
Why Australian investors of all ages are switching to offshore shares
Those aged 25 to 49 have a roughly half-half split between domestic and international markets, but the change has been most marked among over-50s.
Technology
Canberra takes on big tech – and Gen Alpha – with social media bans
All Australians could be forced to register official identity documents with social media giants to prove they are over the age of 16.
Metigy founder charged after using company money to buy luxury homes
The boss of now collapsed AI start-up Metigy has been charged with misleading conduct after allegedly using company money to buy the properties for $18 million.
Australian AI start-up founder accused of faking financials in US
Baba Nadimpalli has been accused of providing fake bank statements and falsifying revenue numbers to investors by the US corporate regulator.
Work & Careers
Capping big four partnerships would ’cause great disruption’
Two conservative members of an inquiry committee that recommended capping accounting partnerships at 400 said the move would be an “extraordinary intervention” by the government.
Why the Swisse CEO fasts for 19 hours a day
Nick Mann, regional CEO of the parent company that owns Swisse, has stepped up into the role of global group CEO just as the wellness industry is booming.
Life & Luxury
- Gadgets With John Davidson
- Digital Life
Magnificent mini: Apple launches our favourite gadget of 2024
The new Mac mini is tiny, fast, cheap and brilliant. What more could you ask for, after a year of underwhelming AI?
- Top 50 Hotlist
- Luxury travel
10 country and coastal retreats to book in 2025
Get away from it all at these luxury lodgings primed for relaxation, solitude and wellbeing.
Why late March is the best time of year to visit Hong Kong
The Hong Kong Sevens rugby tournament is a bucket-list event for sport enthusiasts. But there’s plenty of sightseeing to be had too.
Singapore layover? Check out New Bahru
This well-designed collection of creative businesses – from food to wellness and retail – will easily account for a day.
Wallabies’ last-gasp heroics stun England at Twickenham
Max Jorgensen scored a try after the siren to ensure Australia’s first win at the famous English ground in almost a decade.
