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The Australian - The Australian Business Review AM
| | | | | | DJIA | 25016.66 | -0.35% | | S&P 500 | 2704.93 | -0.11% | | Nasdaq | 7293.34 | -0.06% | | Brent Crude | $61.48 | -1.00% | | Iron Ore | NA | NA | | AUD | US70.64c | -0.32% | | ASX Futures | 6933 | +14 points | | | |
| Good morning, readers. Here’s what is shaping the business landscape: AustralianSuper, which once warned against changing dividend imputation tax, now backs Labor’s franking credits policy. An over-generous tax-free threshold for over-65s has heralded generational unfairness, writes Adam Creighton. It looks like another difficult assignment for NAB’s board: convincing Henry to limit his role in the CEO replacement, writes Margin Call. What to watch for: Lending finance data is due out with NAB’s business survey, credit and debit card figures and weekly consumer sentiment. In the US, Jerome Powell, the Federal Reserve Chair, is to deliver a speech. Keep up with all the latest business news as it happens in our live blog, Trading Day. | | | Future Fund defies market rout | | ANDREW WHITE, MICHAEL RODDAN | | Peter Costello has called for a new government-backed superannuation body to handle ‘default’ savings from members. |
| | | Costello calls for NAB chair to go | | ANDREW WHITE, MICHAEL RODDAN | | Future Fund chairman Peter Costello has piled pressure on Ken Henry to vacate the NAB chair earlier than planned. |
| | | Will Glasgow, Christine Lacy | | It looks like another difficult assignment for NAB’s board: convincing Henry to limit his role in the CEO replacement. | | | | APRA coy on Hayne rebuild | | Ben Butler, Joyce Moullakis | | APRA has refused to say when it will implement a Hayne recommendation that it overhaul its supervision of banks. |
| | | No news good news for JB Hi-Fi | | John Durie | | JB Hi-Fi continues to ride above the retail gloom, but chief Richard Murray is pointing to consumer caution. |
| | | Tech reigns as JB Hi-Fi surges | | ELI GREENBLAT | | JB Hi-Fi chief executive Richard Murray believes shoppers rank smartphones and internet-connected fridges highly. |
| | | TICKY FULLERTON | | You can hear the shock in Hugh Killen’s voice as he describes the ‘inland tsunami’ up north this week. | | | | Bendigo dives on profit hit | | Joyce Moullakis | | Bendigo Bank shares have sunk on a weak interim result as its CEO vents on Hayne’s response to competition issues. |
| | | Google chief to defend search | | LILLY VITOROVICH | | Google vice-president of search Pandu Nayak will meet Australian regulators this week to discuss the US tech giant’s search business. |
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| The program is set for the 2019 Global Food Forum Hear from Patrick Noone, Managing Director, Costco when he talks to The Australian’s John Durie about the company’s rapid growth plans for Australia and Asia and how Costco can provide a stepping stone for local agribusinesses to grow and export. Date: March 20, 2019 | 9am to 5.30pm Venue:Sheraton Grand Sydney Hyde Park | Book now |
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