Stealth tax rises are hurting the economy

"Every year personal income tax makes up a bigger and bigger proportion of the total tax take ... notwithstanding the personal income tax cuts the government is legislating. "And of course there is relatively more…

Analysts at loggerheads over earnings season

Despite the strong showing by some mid-caps, Macquarie has lowered its average EPS growth estimate to 0.6 per cent in the 2020 financial year, with growth of 2.6 per cent pencilled in for the 2021…

Microsofts mega-rich Steve Ballmer jets into Sydney

Former Microsoft chief executive Steve Ballmer walks among us! His Gulfstream 650, resplendent in its unmistakable livery, touched down at Sydney’s Kingsford Smith Airport on Thursday. America’s ninth richest person, currently worth $US65 billion ($97…

ASX struggles as banks retreat

Despite the losses, the heavyweight financial sector is up 3.6 per cent over the past five sessions following better-than-expected results from NAB and CBA last week. Atlas Funds Management chief investment officer Hugh Dive said…

A lot of buyers have swung back to a…

Was it overpriced? [David] No. Not in my opinion, as there’s still upside to improve the home. What did you think it would go for? The agents' estimate was $690,000-$740,000. Slanted: The apartment was in…

End of the line for Holden as GM…

The Holden brand will disappear from Australia after a decision by General Motors in the USA.  SuppliedHolden sales have been in serious decline in Australia, in part because car buyers have shifted towards Sports Utility…

A lot buyers have swung back to a fear…

Was it overpriced? [David] No. Not in my opinion, as there’s still upside to improve the home. What did you think it would go for? The agents' estimate was $690,000-$740,000. Slanted: The apartment was in…

Prison contractor claims CIMIC forced finance deal

"It was take it or leave it," the sub-contractor said. The small business ombudsman said supply chain finance schemes are acceptable if they are voluntarily taken up by suppliers to get paid earlier than standard…

How Brussels is writing the worlds rulebook

The next frontiers are environmental protection and climate change, and the regulation of artificial intelligence, as the EU flexes muscles it has only slowly come to appreciate that it possesses. In the book, Bradford narrates…

ASX to fall; QBE cuts dividend

QBE Insurance has cut its final dividend after the insurer was hit with an increased number of claims due to adverse weather conditions in North America and the ongoing bushfires in Australia. The company's adjusted…

Rain in the forecast for parts of the…

The Mississippi Governor declared a state of emergency due to river flooding. February 16, 2020, 11:58 AM 5 min read Much of the nation is seeing a rather quiet Sunday, however, a new storm is…

Who is running the show in Boris Britain?

The British press has long enjoyed elevating a love-to-hate Rasputin figure in Downing Street: Alastair Campbell, the ruthless spinmeister to Tony Blair; Damian McBride, the hatchet man for Gordon Brown; Steve Hilton, the flaky, barefoot…

The drought was a false farming crisis

If the state's farming industry was on the brink of failure, you might have expected widespread withdrawals by men and women struggling to feed themselves and any livestock they had left. Instead, the average withdrawal…

Lift China tourism ban within weeks to save…

But with the tourism industry losing an estimated $1 billion a month from the Chinese tourist ban, there are growing calls for it to be lifted sooner rather than later as some businesses struggle to…

Net zero 2050 carbon target fantastical: Canavan

"What I don't want to see happen is our industries and our farmers being forced offshore, having to import food like there was no tomorrow." Adding to an already heated debate between rural Nationals MPs…

BHP investors count on iron ore windfall

"They've got the potential to grow the dividend," said MST Marquee senior analyst Hasan Tevfik. "But the impact on the Chinese economy will be bigger than we originally thought. It could be an issue for…

New migraine medication given the green light

Migraines are the second leading cause of disability worldwide, with more than 30 million adults affected. They can be painful, incapacitating and can last up to 72 hours without medication and often require some trial…

This airport is the first to have coat…

It's pure genius. via February 14, 2020, 3:28 PM 3 min read The question here is not whether the new coat check at Milwaukee Mitchell International Airport is a good idea. The question is, How…

Why imposter syndrome has become epidemic

They suggested that both early family dynamics and “societal sex-role stereotyping” meant that many highly successful women they interviewed attributed their achievements to luck, mistaken identity or faulty judgment on the part of their superiors.…

High Court harmony goes missing in aliens case

She reckoned the argument of plaintiffs Brendan Thoms and Daniel Love amounted to saying "the common law trumps or controls the constitution" and that it involved an appeal to the personal philosophy or preferences of…

The inside story of a gas deal gone…

Point of no return Horizon has also stood aside its chief executive Michael Sheridan, a 17-year veteran of the company, as it conducts an independent investigation. It has all the makings of a grubby little…

Hitting the target: business tries to break the…

Westacott strongly denies the BCA was facing a revolt over climate after IAG, QBE and Medibank resigned their membership and Telstra, Rio Tinto, BHP and Westpac announced reviews. Lead the charge The business group has…

Nest-egg nerves: the challenge facing super funds

Mohankumar reckons the answer is "yes". "Super fund members should take comfort that their superannuation is invested in well-diversified portfolios with investments spread across a wide range of growth-oriented and defensive asset sectors, with many…

Brutal blast of girl power

At no stage does the story even pretend to take itself seriously. The entire film is punctuated with freeze frames, flashbacks, commentary and self-reflexive nods to every cliché that is invoked. Montoya, for instance, is…

Start Here: Barr says Trumps tweets make it…

It's Friday, Feb. 14, 2020. Let's start here. 1. Exclusive: Barr speaks out Responding to criticism over the Department of Justice's decision to overrule the Roger Stone sentencing recommendation made by its own prosecutors, Attorney…

Pompeo makes 1st trip to Africa in bid…

After nearly 22 months in office, Secretary of State Mike Pompeo will make his first trip to sub-Saharan Africa on Saturday, in a bid to reassert the U.S. as the leading partner to the world's…

Coalition driven to distraction after a series of…

“The only breakaway I'm aware of is the Otis breakaway,” the Prime Minister observed on Thursday morning, apparently enjoying the fact that politicians grumbling about how they aren’t being listened to, and about the direction…

ASX 2 points off a fresh record as…

Financials were the strongest performers by sector, with Commonwealth Bank, up 7.3 per cent over the week to 90.99 during the week, and National Australia Bank, up 5.5 per cent to $27.35 after both banking…

We got a little bank: Baillieu brokers Danish…

The would-be investor was a participant an international sting apparently designed to embarrass Macaw's older brother, Stephen, the outgoing head of corporate finance at Melbourne stockbroker EL&C Baillieu. Noma restaurant The actor, who calls himself…

The (not so) secret to JB Hi-Fis success

It is now the seventh-largest consumer electronics and appliance retailer in the world. The retailer is on track to deliver its eighth consecutive year of growth this year. However, growth has slowed considerably since the…

No connections no bar to success for this…

"Some students had access to resources, advantages and connections. But I didn't come from that background. "But being first in family makes you different, there's no real bar to meet, the world is your oyster.…

Former White House chief of staff John Kelly…

Former White House Chief of Staff John Kelly has leveled some of his harshest criticism yet at President Donald Trump, taking issue with his actions on Ukraine, U.S. Army Lt. Colonel Alexander Vindman, immigration and…

House prices to rise at 20pc this cycle

We have had 68 of the 75 basis points of cuts passed through to borrowers thus far, which implies home values need to jump by 20 per cent if these changes are perceived to be…

When sharing your data is a good idea

What is the DATA Act? The bill to be introduced shortly into federal Parliament overrides the mountain of specific laws and regulations that ban or constrain federal agencies sharing their data. Data is often referred…

Hope for the two thirds of Alzheimers patients…

So does the menopause increase your risk of dementia? "To answer that you need to think about what happens after the menopause," says GP and menopause expert Dr Louise Newson. "Your body stops producing hormones,…

Why Buffetts moats still matter

Consider some of the week’s better results in terms of the moat theory. JB Hi-Fi was the first real standout of earnings season; its shares soared 11.5 per cent on Monday after it beat profit…

ASX to edge up as WHO qualifies virus…

Baby Bunting has reported first half pro-forma sales of $186.4 million, with comparable sales up 1 per cent and total sales 8.1 per cent higher on the previous first half. Shares in the company have climbed…

US accuses Huawei of doing business with North…

The allegations include stealing intellectual property and bypassing sanctions. February 13, 2020, 8:13 PM 4 min read Federal authorities hit Huawei with racketeering, conspiracy to steal trade secrets and a litany of other charges Thursday…

Deloitte a favourite for students looking for top…

Banks performed strongly despite the bad reputational damage done to them by the banking royal commission, with Westpac, National Australia bank and Commonwealth all in the top 10 companies of interest to students. Spokeswoman for…

Teacher in Australia was tied to a chair…

“Piecing together his movements in the 24 hours prior to his death is crucial." February 13, 2020, 3:52 PM 4 min read LONDON -- Authorities in Australia are asking for the public's help in investigating…

PNG department silenced over Horizon licence

The documents show Horizon repeatedly ignored corruption warnings in buying out a politically connected shell company, Elevala Energy, for $US10.3 million in May 2011. On Wednesday, Horizon suspended its chief executive Michael Sheridan, who was company…

Lamborghini returns to its hell-raising roots

The V10 may use extensive electronics, exotic materials and advance fluid dynamics, but it is one of the last of the old school. That’s to say there is no turbo and no hybridisation. Just lots…

Why the CEO and chairman must be in…

More than ever, it is the relationship between the chairman and CEO that is critical. A sound working relationship between the top two will improve the prospect that company boards are kept fully informed on…

Lawyers revel in court rebuke for Sims

Herbert Smith Freehills partner Liza Carver, who represented Mr Teoh, said there was a clear message for the ACCC. Allens chairman Fiona Crosbie: questions ACCC's 'arithmetic approach to market concentration' Ryan Stuart"Merger regulators sometimes question the…

Start Here: Trump blasts prosecutors in Roger Stone…

It's Thursday, Feb. 13, 2020. Let's start here. 1. Barr 'taking charge' As Democratic lawmakers demand investigations into the Department of Justice's decision to reverse its sentencing recommendation for Roger Stone, President Donald Trump doubled…

ASX edges up with mixed news

Markets reacted swiftly, reversing earlier trades made when the outbreak was said to be easing. Gold stocks rose on the later news as oil and gas companies retraced earlier gains. Said Janus Henderson China portfolio…

What the David Jones building will become

Cbus Property will also deliver six levels of serviced office space, around 11,500 square metres in all. That office space will maintain a strong connection to the retail space below, which is controlled by Scentre…

TPG surges as court overrules ACCC

"That moment has passed. To now leave TPG and Vodafone in their current state will not promote competition in the retail mobile market. A merger would not now, and would not likely in the relevant…

TPGs Teoh silent on his day of triumph

"Whilst he may do whatever it takes to progress his business, he is obviously not foolhardy." Teoh marked Thursday with an ASX statement but no interviews, leaving it to Vodafone chief executive Inaki Berroeta –…

The reason brokers are not pumped about CSL

This serendipitous outcome helped CSL's combined IG business segment grow half-year sales 26 per cent to $US1,926 million. This is faster than unit volume sales growth around 18 per cent, as average pricing jumped on…

How Teoh turned the TPG-Vodafone case

A public gallery filled with lawyers, PR types and journalists knew within minutes the ACCC had lost. But as the court sat transfixed, the only sounds coming from Middleton’s voice and the soft tapping of…

The firm steering corporates on climate

Wilder says that across the world, climate change is taken as a given –  particularly in politics. "Every Australian state government is committed to net zero [emissions] by 2050. Many sovereign governments have committed. “The…

Think bankers are smart? Credit Suisse may prove…

This year, the outlook is grimmer. The departure of the firm's head of corporate finance, Stephen Macaw, who was entrapped by recordings in an embarrassing international sting, leaves the broker without its rainmaker, and potentially…