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Corrections

Yesterday

Prime Minister Anthony Albanese during the final parliamentary sitting week of the year.

‘Albo knows best’: Inside Labor’s discontent with PM

A series of missteps has raised questions about Anthony Albanese’s judgment. Is he too confident in his own instincts?

  • Ronald Mizen

This Month

Amazon has a number of large distribution centres and hopes to be able to do same-day delivery in every major city by 2026.

Amazon is quietly turning into a major rival for Coles and Woolworths

Goldman Sachs estimates it is now the second-largest online retailer in Australia, but sales are still a fraction of the big supermarkets. Will that change?

  • Updated
  • Carrie LaFrenz
BBrian Benari is the chief executive of Barrenjoey. The firm told staff it expects revenue will grow by 13 per cent in the coming year.

Barrenjoey tells staff to expect revenue bump as rivals circle

At least two rival investment banks said that they had recently held discussions with some of the local investment advisory and markets firm’s employees.

  • Updated
  • Jemima Whyte
Wilkatana Station has been bought by renewable energy boss Andrew Doman and his family.

Trophy farms worth $120m change hands in year-end deals bonanza

Among the five properties sold was the 1900-hectare wool aggregation Avington – and its 16,000 Merino sheep – in Victoria’s Macedon Ranges.

  • Updated
  • Larry Schlesinger

November

David Li with wife (and occasional MSO guest artist) Angela Li; former MSO chief executive Sophie Galaise

Board purge at MSO, chairman and three directors to go

Four directors of the troubled orchestra will retire, and delays caused by legal action mean Peter Garrett will no longer review its governance.

  • Updated
  • Michael Bailey
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 Chief executive Craig Kennedy and chairwoman Elizabeth Proust inadvertently pulled the clapper off the bell during the listing ceremony.

Investors strip $36.4m from Cuscal on ASX debut

The cool reception for the company comes after regulators instructed the company to improve its risk controls and scepticism towards payments businesses.

  • Updated
  • Lucas Baird
Crown Melbourne has been affected by new restrictions that have driven away some of the company’s high-rolling gamblers.

Blackstone builds Crown Resorts debt bomb as casino profits slide

The private equity giant says it’s comfortable with the big loan it took to buy the casino operator, despite the interest bill and an earnings crunch.

  • Updated
  • Zoe Samios and Amelia McGuire
Sanjeev Gupta.

Gupta ‘has reached the end of the road’ on $300m debt, court told

San Francisco investment giant White Oak Global Advisors has given the Whyalla steelworks owner 10 weeks to reach a settlement. He says he’s confident he can.

  • Updated
  • Hans van Leeuwen
Costs of transmission projects could rise further, advisers warn.

Energy bill fears grow as transmission costs blow out

Billions of dollars of cost blowouts in transmission announced so far this year have fuelled worries about rising electricity bills for households and business.

  • Updated
  • Angela Macdonald-Smith
The Shibuya district in Tokyo. Rising interest rates are pushing companies to look at new sources of capital.

Macquarie, Wylie lead charge into Japan as deal activity surges

In a country once closed to foreign investors, companies are looking for new sources of capital and selling assets. But it isn’t easy getting through the door.

  • Updated
  • Jessica Sier

October

Deepan Pavendranathan.

Inside the trade that put Regal in South Korea’s crosshairs

New details surrounding a block trade in semiconductor giant SK Hynix allow a glimpse into the high-risk, high-reward tactics beneath a mysterious strategy.

  • Updated
  • Joshua Peach
ACSI CEO Louise Davidson, Aware Super CEO Deanne Stewart and HESTA CEO Debby Blakey are demanding more answers from companies around cultural issues.

Big super pushes boards on culture after WiseTech, MinRes dramas

Industry superannuation funds are ramping up their focus on the culture of the companies they invest in as scandals wipe billions off corporate valuations.

  • Updated
  • Fiona Buffini and Hannah Wootton
Telix co-founder and CEO Christian Behrenbruch says Australia lags the world in getting drugs to patients.

Telix boss says Australia ‘horrible’ at getting drugs to patients

Christian Behrenbruch, the founder of ASX biotech giant Telix, says Australia has a “horrible” track record getting drugs to patients and lags rest of the world.

  • Michael Smith
Privacy Commissioner Carly Kind says giving ChatGPT personal information to generate tailored marketing or financial recommendations may be a breach of privacy laws.

Why you could be fined for using ChatGPT at work

Giving ChatGPT personal information to generate tailored marketing or financial recommendations may be a breach of privacy laws, the Privacy Commissioner says.

  • Tess Bennett
EnergyAustralia’s Yallourn Power Station in the Latrobe Valley is at the centre of a secret deal with the Victorian government.

AGL, EnergyAustralia coal power deals with Victoria kept secret

The Victorian Labor government has been slammed for keeping secret the cost of deals to underwrite the state’s two coal-fired power plants.

  • Patrick Durkin
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RBA governor Michele Bullock.

Hopes for a soft landing remain heroic

Government spending crowding out private sector activity means that inflation and interest rates are likely to remain high.

  • Christopher Joye
The 50 most valuable pubs in Australia.

Revealed: Australia’s 50 most valuable pubs

They’re etched into the national psyche – a place for a pint, a pie and a punt. But hotels are also serious business and increasingly expensive trophy assets.

  • Larry Schlesinger
A train loaded with iron ore heads toward the port in Western Australia.

Rio Tinto considers iron ore strategy shift

Rio Tinto is reviewing its iron ore product strategy after low-grade volumes accounted for 19 per cent of sales. Analysts say investors should be concerned.

  • Updated
  • Peter Ker
GFG Alliance executive chairman Sanjeev Gupta

British courts pile more pressure onto Sanjeev Gupta

The Whyalla steelworks owner faces court action for not filing accounts, and a fresh legal battle to keep his European operations out of administration.

  • Updated
  • Hans van Leeuwen
The Cremorne Hotel is one of the pubs in the Duxton portfolio.

Ed Peter’s Duxton Pubs appointed wife, sons to roles in business

The decision has inflamed tensions with big investors at the same time as the asset manager contends with broader financial pressures and sells properties.

  • Updated
  • Primrose Riordan and Simon Evans