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News
One Nation stands firm as critics pan migration cuts
4+ hour, 34+ min ago (97+ words) AFR The government, the opposition and business have rushed to condemn One Nation’s immigration policy as economically reckless but Pauline Hanson said such reactions from “vested interests and elite economists” were to be expected. As the major parties scramble to…...
Mark Cutifani quits Woodside board and joins Northern Star
5+ hour, 54+ min ago (81+ words) AFR Mark Cutifani, a one-time lead candidate to replace Richard Goyder as chairman of Woodside, has quit the board of the country’s largest oil and gas producer. The sudden departure comes just six months after the former Anglo American chief…...
Calvary Health Care consortium wins the battle for Healthscope
6+ hour, 18+ min ago (73+ words) afr.com The lenders to Healthscope, Australia’s second-largest private hospital operator, have backed a revised offer for the group from a consortium led by Calvary Health Care, ending 16 months of uncertainty about its future. The consortium, which also includes private…...
One Nation migration plan to cut 750,000 over three years
10+ hour, 36+ min ago (99+ words) afr.com Pauline Hanson’s One Nation will slash foreign temporary visa holders by more than 750,000 over three years by targeting international students and families of skilled migrants, tapping into growing voter dissent over housing shortages and stretched public services. The…...
Border wars: Hanson on the front foot again as major parties dither
10+ hour, 37+ min ago (74+ words) afr.com One Nation will again aim to set the agenda, this time with an immigration policy which, while hard line, is not unsophisticated. Another week looks set to be dominated by One Nation’s policy agenda. Last week began with…...
RBA board ‘split’ on rate decisions at one in three meetings
11+ hour, 42+ min ago (85+ words) AFR Recently departed Reserve Bank board member Ian Harper has revealed that nearly one-third of monetary policy decisions over the past decade were split votes, challenging long-held assumptions of central bank unanimity. Harper said there was “very vigorous” debate among…...
Super mega-funds tell rock-star stock pickers to lift their game
1+ day, 6+ min ago (97+ words) afr.com Australia’s stock pickers have been told they must adapt or die as superannuation funds allocate more money to cheaper index-tracking quantitative and passive funds, and threaten their rock-star standing in Australia’s $3.3 trillion public equity market. After a shocking…...
Ashurst Perkins Coie swoops on Freehills M&A star
1+ day, 1+ hour ago (110+ words) AFR Ashurst Perkins Coie has plucked seasoned corporate lawyer Ben Plotnik from rival Herbert Smith Freehills Kramer as the former seeks to expand its global private capital team following a high-profile transatlantic merger. Freehills’ special counsel Ben Plotnik is heading…...
Canada’s Element cuts a U-turn at $860m auction for FleetPartners
21+ hour, 43+ min ago (115+ words) AFR Toronto-listed Element Fleet Management Corporation has pulled out of the auction for FleetPartners, one of Australia’s largest providers of leased cars which was put into play in July. Element, advised by JPMorgan, is the only FleetPartners’ suitor to not…...
Customers are hitting back as banks recalibrate card reward programs
21+ hour, 51+ min ago (105+ words) AFR It’s the biggest shake-up in the market for more than 20 years, and if current trends persist, big banks are facing hefty declines in credit card balances. The big four banks are already feeling the squeeze from the upending of…...