Banking royal commission tests the Commbot with knife-in-the-napkin moments

Banking royal commission tests the Commbot with knife-in-the-napkin moments

Matt Comyn came well prepared; so well prepared that he could well have been a robot programmed to deliver the right response. In fact, if anyone is looking for an alternative for Siri, then Comyn – with his monotone delivery and pauses between words – is your man. But that doesn't mean he didn't have…
Scott Morrison rallies peace warriors against China-US Cold War

Scott Morrison rallies peace warriors against China-US Cold War

Port Moresby |It was a long day after a long week away from home for Scott Morrison. Morrison had been forced to cool his heels for two hours earlier in a side room at APEC Haus, the eye-catching, purpose-built centre along the Port Moresby beachfront as a planned joint announcement with the US, Japan and…
Financial stocks weigh ASX as royal commission continues

Financial stocks weigh ASX as royal commission continues

Australian shares opened the week lower on Monday as the latest round of the banking royal commission weighed the finance sector. The S&P/ASX 200 Index fell 36.9 points, or 0.6 per cent, to 5693.7 while the broader All Ordinaries Index closed 36.4 points, or 0.6 per cent, lower at 5786.4. "The banks are obviously a big drag and…
China launches anti-dumping probe into Australian barley imports

China launches anti-dumping probe into Australian barley imports

Shanghai/Canberra | China has launched an anti-dumping investigation into Australian barley imports in what analysts say is a warning from Beijing that Canberra should not side with the United States over trade or regional security. China's Commerce Ministry said on Monday it had launched an anti-dumping investigation into imports of barley originating from Australia. The…
Medibank Private loses Australian Defence Force contact, shares halted

Medibank Private loses Australian Defence Force contact, shares halted

by Greta Stonehouse Medibank has failed to win a new contract to provide healthcare services to the Australian Defence Force - and is now waiting to find out why. Shares in Medibank, which was government-owned until its 2014 privatisation, were halted on Monday after the ADF told the insurer it would not extend its current…
Bill Shorten dismisses negative gearing critics as ‘multi-millionaire brigade’

Bill Shorten dismisses negative gearing critics as ‘multi-millionaire brigade’

Bill Shorten has taken a crack at property investors and lenders criticising his proposals to curb negative gearing, labelling them the "the multi-millionaire brigade". Mr Shorten weighed in after after Aussie Home Loans founder John Symond claimed Labor's policy would be a "nuclear bomb" that could tip the economy into recession. Treasurer Josh Frydenberg, who is campaigning…
Banking royal commission: Why didn’t CBA listen to its inner voices

Banking royal commission: Why didn’t CBA listen to its inner voices

Rowena Orr QC would have raised the hopes of the bankers waiting nervously to face this week's royal commission hearings when she declared that the purpose of these hearings is "not to go over old ground, or to seek more apologies, or expressions of regret". Rather, she said, "the purpose is to explore the causes…
Fairfax-Ipsos poll: Voters want cuts to power prices and carbon emissions

Fairfax-Ipsos poll: Voters want cuts to power prices and carbon emissions

Household power bills are the most significant concern for voters when it comes to energy policy but reducing carbon emissions comes a close second, indicating it should not be ignored, the latest Fairfax/Ipsos poll reveals. With Labor to release an energy policy this week that will include an emissions reduction component, the poll shows almost half…
Antony Catalano tries to stop Fairfax Media merger with Nine

Antony Catalano tries to stop Fairfax Media merger with Nine

Former Domain chief executive Antony Catalano has thrown in an eleventh hour attempt to stop the merger of Nine Entertainment and Fairfax Media, but is not interested in making a full takeover bid for the publisher. Mr Catalano wrote to Fairfax chairman Nick Falloon on Sunday night with a proposal to buy 19.9 per cent of…
Myer’s forced disclosure confirms profit disaster

Myer’s forced disclosure confirms profit disaster

Anyone who doesn't sell their shares in Myer today must be a living brain donor. Late on Friday, the retailer all but confirmed it is now mere metres from the iceberg. But only after it was forced to do so by the Australian Securities Exchange, which was so aghast at Your Store's "nothing to see…

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