Today
Bezos, Zuckerberg lead magnificent seven insider stock sales
Almost a dozen executives and directors at the firms recently boosted their share sales, earning more than $242 million since late 2023.
- 21 mins ago
- Ben Stupples
David Rowe cartoons for May 2024
David Rowe is a multiple Walkley award-winning cartoonist. He draws a daily political cartoon and one for the Chanticleer column.
- 1 hr ago
- David Rowe
Mining titan Evy Hambro says it’s time to buy, rather than build
One of the world’s most influential mining investors, BlackRock’s Evy Hambro, has signalled he is open to M&A as BHP hunts Anglo American.
- 1 hr ago
- Peter Ker
New gas projects receive support amid Labor unease
Resources Minister Madeleine King has backed the development of the Narrabri gas field in NSW, and the Queensland Labor government has given the green light to four new projects in the Bowen Basin.
- Phillip Coorey
NSW, developers at loggerheads over infrastructure contributions
Scrapping a proposal to introduce two new developer levies in NSW would clear the way for an extra 190,000 new homes, according to the property industry.
- Campbell Kwan
Yesterday
Trump asked oil CEOs for $1.5b donations in exchange for favours
The former president demanded $US1 billion in donations to get re-elected and offered to overturn environmental rules and policies to help the oil industry.
- Josh Dawsey and Maxine Joselow
Budget tips business investment to slow
The recovery in business investment is tipped to slow markedly in federal budget forecasts, as a cooling economy forces firms to reassess capital expenditure plans.
- John Kehoe and Michael Read
Bank of England boss ‘optimistic’ that interest rate cuts are coming
The BoE left its benchmark unchanged at 5.25 per cent but the UK economy is looking ripe for a rate cut.
- Hans van Leeuwen
Cabal of industry super funds, led by investors, weighed ASX takeover
The ASX is an essential piece of infrastructure, and has a quasi-monopoly position, a description that would fit Sydney Airport, for instance, which went private in a $23.6 billion takeover.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Canberra Observed
Budget week is time for Dutton to roll a few Jaffas down the aisle
In the same week Peter Dutton went in to bat for the koalas, Labor flew the flag for gas.
- Phillip Coorey
- Opinion
- The AFR View
Sad halting of the press in WA
The Australian Financial Review has built a publishing model based on premium digital subscriptions. But it is still sad that from May 22, no one in Western Australia will be able to read a hard copy version.
- The AFR View
- Opinion
- The AFR View
Labor locks gas firmly into energy transition
The Future Gas Strategy reaffirms a strong role for gas, but despite the title it is light on ideas to get there.
- The AFR View
Gas policy betrays Labor voters
Readers’ letters on the government’s plan to back gas until 2050; a call to arms from Perth; why it’s time to leave the low-tax silo; and why King Charles should phone Xi Jinping.
After losing a deal, Stokes’ newspaper pursued Forrest
The West Australian published dozens of critical articles about Fortescue’s founder after he refused to buy trucks from a related company.
- Updated
- Aaron Patrick
Macquarie readies sale of $450m-a-year Kinetic; seeks 10x multiple
Kinetic recently ruled off a $1.6 billion refinancing which Macquarie reckons puts it in a position to accelerate the decarbonisation of its fleet.
- Sarah Thompson, Kanika Sood and Emma Rapaport
KPMG opens tender process for its Future Group-run super fund
The reasons behind the tender process are unknown, but it’s reasonable to assume KMPG isn’t over the moon with its current provider.
- Sarah Thompson, Kanika Sood and Emma Rapaport
‘Show leadership’: Palestinian plea ahead of key UN vote
The Albanese government is being lobbied heavily over whether to support a symbolic vote upgrading Palestine to full membership of the UN.
- Andrew Tillett
Time’s not on Perpetual’s side with KKR deal, FIRB questions abound
KKR is a US entity and the investors in its funds are from all around the world, meaning FIRB will look at the upstream investors.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Russia not looking for global power clash: Putin
Vladimir Putin now casts the war as part of a holy struggle with the West, which he says has forgotten the role played by the Soviet Union in defeating Nazi Germany.
- Updated
- Guy Faulconbridge
Why everyone’s mad at Apple’s new iPad ad
Apple’s crushing of human creativity has sparked backlash, but its new iPad Pro ad has also inspired some surprising video responses.
- Will Oremus
