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The contested office fund holds stakes in landmark properties such as the new Quay Quarter tower in Sydney.

Mirvac wins control of $7.7b AMP office fund

The vote ends more than six months of uncertainty over the future of the fund, after Mirvac revived its bid this year, backed by disgruntled investors.

  • 13 mins ago
  • Nick Lenaghan
Clean Energy Council chief executive Kane Thornton said Australia had to end its over-reliance on coal and gas.

End of climate wars will fast-track wind, solar: Clean Energy chief

Clean Energy Council chief executive Kane Thornton says Australia needs to accelerate its investment in wind, solar and storage to end the over-reliance on coal and gas.

  • 16 mins ago
  • Mark Ludlow
Shayne Elliott says ANZ has spent seven years shaping up for a deal like this.

ANZ’s ‘once-in-a-lifetime’ deal comes with complexity

Shayne Elliott says seven years of simplification has set ANZ up for the $4.9 billion acquisition of Suncorp’s bank. But with growth comes complexity.

  • 21 mins ago
  • James Thomson
Atlassian co-founder Mike Cannon-Brookes and his wife Annie bought Dunk Island recently, pledging to preserve its natural environment.

Private conservation investment ‘critical’ to saving Australia’s environment

But more action from governments is needed to enable such investment, which already accounts for 6 per cent of all protected land in Australia.

  • 27 mins ago
  • Hannah Wootton
July 19, 2022

Cartoons for July 2022

See all of the AFR’s cartoons for July 2022.

  • 36 mins ago
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Whitehaven urges NSW to keep hands off coal cash cow

Whitehaven will report a 15-fold increase in earnings but warned NSW politicians they could kill future investment if they match Queensland’s coal royalty raise.

  • 42 mins ago
  • Peter Ker

Do you actually need $1m to retire?

The round figure of $1 million is often thrown around as the sum needed to retire, but it depends more on your spending plans, according to a new analysis.

  • 43 mins ago
  • Lucy Dean
Suncorp CEO Steve Johnston and ANZ CEO Shayne Elliott.

‘We feel dwarfed by CBA’: ANZ’s $25b bet on Queensland

Shayne Elliott said the Suncorp acquisition would help it compete with Australia’s biggest bank, as he pledged to fund the state’s energy transition.

  • 47 mins ago
  • James Eyers, Ayesha de Kretser and Liam Walsh
NSW Premier Dominic Perrottet and state president Phillip Ruddock.

NSW Liberals asked to consider end to new native title claims

A year after the High Court ruled anyone with Indigenous heritage could not be deported some NSW Liberals are calling for a referendum to change the constitution.

  • 50 mins ago
  • Samantha Hutchinson
ANZ chief executive Shayne Elliott announcing his takeover bid for Suncorp Bank.

ANZ is paying for Shayne Elliott’s failure

The playbook at ANZ Banking Group only gets more surreal.

  • 52 mins ago
  • Joe Aston
After losing so much market share in the critically important mortgage market, ANZ was under pressure to do something big.

Why rivals are cheering Shayne Elliott’s Suncorp tilt

ANZ boss Shayne Elliott says he’s ‘not going to be distracted’ by the Suncorp acquisition at a time when rival bankers are gearing up for the refinancing wars.

  • 55 mins ago
  • Karen Maley
AMWU national secretary Steve Murphy says the union is “mindful” of the industry’s wage growth when determining internal pay rises.

AMWU gives its own employees below inflation pay rise of 3pc

The manufacturing workers’ union will pay its own officials wage increases of less than 3 per cent despite a push for claims against employers as high as 8 per cent to match the surging cost of living.

  • 55 mins ago
  • David Marin-Guzman
Fintechs have been enablers in asset management for individuals and organisations alike.

Half a trillion dollars wiped from once high-flying fintechs

Digital companies that boomed during lockdowns have been hit by fears they cannot withstand a US recession.

  • 57 mins ago
  • Nicholas Megaw and Imani Moise
Electro Optic Systems needs about $300 million to make the SpaceLink medium earth satellite technology commercially viable.

Ministerial gravy train withers for EOS

The former ASX 300 darling Electro Optic Systems is searching for cash.

  • 1 hr ago
  • Michael Roddan
Treasurer Jim Chalmers says he will take advice on the proposed ANZ takeover of Suncorp’s bank.

Chalmers faces home test on ANZ-Suncorp

Treasurer Jim Chalmers loves watching his beloved Brisbane Broncos at Suncorp Stadium, so approving an ANZ takeover of the Queensland bank won’t come naturally.

  • 1 hr ago
  • John Kehoe
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Chris Bowen at last week’s Sydney Energy Forum

Bowen open to ratchet mechanism to win Greens over on climate

Climate Minister Chris Bowen is open to a change that would allow future governments to increase Labor’s 2030 emissions reduction target, if that is what it takes to win support from the Greens.

  • 1 hr ago
  • Phillip Coorey
ANZ chief executive Shayne Elliott expresses relief as ANZ finds an option for growth.

ANZ to decide on ‘painting Queensland blue’

ANZ is ready to paint the town blue, but investors are conscious of the timing and cost.

  • 1 hr ago
  • Ayesha de Kretser and James Eyers
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Now’s not the time to reduce COVID-19 isolation period: PM

Rebuffing a push to cut isolation periods from seven to five days, the Prime Minister instead said reducing the prevalence of insecure jobs would be on the jobs summit agenda.

  • 1 hr ago
  • Michael Read and Phillip Coorey
OPEC and its allies including Russia next meet on August 3.

Oil advances as traders weigh Mideast supply after Biden’s trip

West Texas Intermediate neared $US99 a barrel after dropping almost 7 per cent last week as investors fretted that a global slowdown may hurt demand.

  • 1 hr ago
  • Bloomberg News
Victoria’s Code Red warning will be dropped in new national signage, after research showed it was considered “Americanised” and “fear-mongering.”

National fire warning overhaul highlights dangers

New national simplified fire warning signs will be rolled out ahead of summer, powered by new more accurate fire behaviour modelling developed by the Bureau of Meteorology.

  • 1 hr ago
  • Tom Burton