Latest
MA Moelis tapped for $500m Contract Resources sale
The Australian energy and gas services play is controlled by Perth-based Viburnum Funds and global private equity firm SCF Partners.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Treasury Wine US exec in restraining order row with Napa official
A restraining order has been filed against Debra Dommen by a Napa Valley politician, Belia Ramos, who says the Treasury exec opposed her re-election.
- Staff
Bendigo’s David Foster resides on terra firma
The man will plot with his CEO to have casino regulators sued. But hold out on putting Aboriginal ownership front and centre? Rubbish.
- Myriam Robin
Judge backs CITIC claim that 3000 jobs at risk in Clive Palmer dispute
A WA Supreme Court judge says the mine that represents China’s biggest investment on Australian soil could have to shut down within a few years.
- Brad Thompson
Fintechs accuse banks of sabotage on ‘open banking’
The start-ups attacked the banks for trying to sabotage the consumer data right, arguing figures on low usage misrepresent growing interest in account switching.
- James Eyers
Conversations with Luke Sayers conjure a FIRB crackdown
PwC continues to answer the bare minimum, opening doors to meaning and revelation.
- Myriam Robin and Mark Di Stefano
Opinion & Analysis
New Hope makes it two convertibles in two days
It’s good to see the miners creative with their funding structures.
Columnist
Dutton’s populist break up big stick betrays Liberal principles
Cheap anti-business sentiment is fuel for the left and right-wing populists causing havoc in Europe and the US. No one should be rushing to bring it here.
Editorial
‘If it was normal, I wouldn’t be in a job’: inside AustralianSuper’s year
CIO Mark Delaney realised he was too bearish and had to make an important call over Christmas. By April, it was reversed. Nvidia was at the heart of it.
Columnist
Passive funds changed markets, but Grantham’s GMO says golden rule hasn’t
Active funds managers are worried about the weight of money heading into passive funds. And they should be.
Columnist
Companies in the News
Liontown Resources
Bendigo and Adelaide Bank
Commonwealth Bank
Updated: Jul 3, 2024 – 4.40pm. Data is 20 mins delayed.
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Featured
Solomon Lew’s surprise role model? Vegas mogul Sheldon Adelson
Like the colourful businessman, the billionaire rag trader won’t stop building his empire. And Myer, with a new chief, is finally playing ball.
- Updated
- Jemima Whyte
- Investigation
- Investment banking
‘Marking their own homework’: Inside Australia’s $200b unregulated private credit boom
Credit products are being launched a mile-a-minute, promising plenty of returns buoyed by high rates. But behind the euphoria, there’s plenty of disquiet.
- Aaron Weinman and Jonathan Shapiro
- Analysis
- Due diligence
Deterra’s big-ticket bet on lithium royalties faces tough reception
After years of being criticised for high costs and inaction, Iluka-backed Deterra Royalties has bid for Trident Royalties and is facing a backlash, again.
- Jemima Whyte
Yesterday
- Opinion
- Chanticleer
New Hope makes it two convertibles in two days
It’s good to see the miners creative with their funding structures.
- Anthony Macdonald
- Opinion
- The AFR View
Dutton’s populist break up big stick betrays Liberal principles
Cheap anti-business sentiment is fuel for the left and right-wing populists causing havoc in Europe and the US. No one should be rushing to bring it here.
- The AFR View
Citi’s services arm gets time in the sun amid a global restructure
The Wall Street bank’s most misunderstood business has morphed into its most critical chess piece as CEO Jane Fraser executes a turnaround plan.
- Aaron Weinman
Los Angeles turnaround expert to rival Allegro at Fletcher’s Tradelink
Street Talk understands Los Angeles-based private equity firm Pacific Avenue Capital Partners has thrown its hat in the ring.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Credit Suisse COO set to pop up at Westpac
Street Talk understands chief operating officer Katrina Glover has left the Swiss investment bank after 19 years.
- Opinion
- Chanticleer
‘If it was normal, I wouldn’t be in a job’: inside AustralianSuper’s year
CIO Mark Delaney realised he was too bearish and had to make an important call over Christmas. By April, it was reversed. Nvidia was at the heart of it.
- Updated
- Anthony Macdonald
- Opinion
- Chanticleer
Passive funds changed markets, but Grantham’s GMO says golden rule hasn’t
Active funds managers are worried about the weight of money heading into passive funds. And they should be.
- Anthony Macdonald
Chalice cops a beating on back of weak link to Mitsubishi
The miner’s share price plunged almost 20 per cent after the market was underwhelmed by the potential tie-up with the Japanese giant.
- Brad Thompson
Guzman y Gomez worth $62 if US dream succeeds: Morgans
The broker initiated coverage with a $30.80 price target, but says the Mexican fast-food chain could be valued at $62 with a successful push into the United States.
- Carrie LaFrenz
Senate to vote next month on extending data right for bank switching
Treasurer Jim Chalmers is working through banks’ concerns about the consumer data right, as the Senate forced a vote on a bill to extend it by mid-August.
- James Eyers and John Kehoe
EY’s new boss leaves split questions up in the air
Janet Truncale’s alternative to a failed spin-off of the firm’s consulting arm is criticised for lacking detail.
- Stephen Foley and Simon Foy
- Exclusive
- Open banking
Banks spent $1.5b on account switching. No one is using it
The consumer data right, which has already cost banks $1.5 billion, is too complicated and doesn’t have a clear use four years after launch, major lenders say.
- James Eyers
Why overseas money is pouring into Australian green energy
The country’s electricity generation sector is being radically reshaped, and there is hardly a household name among the big participants in solar, wind and batteries.
- Angela Macdonald-Smith
Network Ten wavers on turning off broadcast across swathe of WA
The regional signal – a joint venture between Seven West Media and WIN Corporation – will remain on air only after more funding from the federal government.
- Sam Buckingham-Jones
- Analysis
- Open banking
They built it – but nobody came. Consumer data right needs help
Privately, bank bosses remain highly agitated about being more open about the valuable data they hold, the sharing of which could make competition more intense.
- James Eyers
Federation Asset Management gains Japanese foothold
The investment in Astris Advisory comes directly from Federation’s coffers and represents a big bet on the $US4.2 trillion economy and its asset management sector.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Defending Wimbledon champ crashes out in first round
Marketa Vondrousova was the first unseeded women’s champion at Wimbledon last year. Now she’s suffered a historic defeat, going out in straight sets at the first hurdle.
- Ossian Shine
Consultants face decade-low growth slump
Annual growth in the sector is forecast to fall to its lowest level – apart from the short-lived pandemic slump – since 2015.
- Edmund Tadros
This Month
Transurban beds down new executive team after restructure
An operations manager has left Transurban’s Brisbane office as the toll road group’s new executive management team tries to shake off claims it breached the Fair Work Act.
- Jenny Wiggins
Deutsche Bank backs $210m Bendigo Hospital public-private refinance
Street Talk understands the German bank has come in as the project’s long-term lender, refinancing an existing bank syndicate.
- Sarah Thompson, Kanika Sood and Emma Rapaport
