Rex brass promised profit before plunging to $35m loss
Four former Rex directors told investors they were optimistic about turning a profit, despite being months from handing down a $35 million loss, a court has heard. The Australian Securities…
Aussie shares tumble as bonds sell-off and oil soars
Australian shares have started the week sharply lower, as oil prices surged on the ongoing Iran conflict and as inflation spurred fears global central banks will be forced to ratchet-up…
Police called over crowd frenzy at UK Swatch stores
Watch retailer Swatch has been forced to close stores across the United Kingdom amid safety concerns after huge crowds descended on shopping centres. Swatch announced it was closing a store…
Distortions. Negative gearing changes a gift for investors
Jim Chalmers’ budget has done the economy a favour by wiping out the policy distortions of negative gearing and CGT discounts, writes Michael Pascoe. You’d never guess it from the…
Newspoll dumps on Labor’s budget – worst in decades
A new poll has ranked Labor’s budget the worst since 1993 with a majority of voters declaring the federal government’s latest financial blueprint will leave them worse off. At the…
Land levy planned despite anti-‘forever tax’ pledge
Property owners in Australia’s most populous state could pay an annual levy of up to $600 under a proposal to change the way emergency services are funded. NSW is the…
Budget boon for tobacco pirates as police lose battle against cartels
The Government’s 68% excise rip on a packet of cigarettes has cruelled revenue and showered millions on tobacco pirates. Adam Shand reports on the Budget and thriving illicit trade. A…
Labor plays down chances of post-budget poll boost
Treasurer Jim Chalmers is playing down the government’s chances of a post-budget popularity boost as he defends controversial changes to tax on investments. After a week dominated by competing economic…
If this was Guardiola’s last big Wembley moment, Semenyo was a fitting match-winner | Barney Ronay
Forward doesn’t fit the mould of a classic Pep signing, but we have all come a long way in the past decade of Manchester City success One way or another,…
Smalley takes two-shot lead into final round of US PGA Championship but big names lurk
Home hope surges to six under thanks to round of 68 Rahm among five on four under; McIlroy is three under The leaderboard was spinning like a tombola at Aronimink…