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The Australian - The Australian Business Review AM
| | | | | | Dow Jones | 26062.12 | -0.35% | | S&P 500 | 2888.8 | -0.56% | | Nasdaq | 7895.79 | -1.43% | | Brent Crude | 77.93 | -0.20% | | AUD/USD | 71.78c | -0.01% | | Iron Ore | $69.50 | -0.1% | | SPI Futures Index | 38436 | -5 | | | |
| Good morning, readers. Here’s what is shaping the business landscape: Wages have far outstripped increased living costs over the past decade, delivering real gains in living standards. Liberal heavyweight Scott Briggs is driving a bid to win a visa-processing contract understood to be valued at up to $1bn. Sydney City Councillor Kerryn Phelps isn’t quite off a standing start in her run as an independent in the seat of Wentworth, writes Margin Call. What to watch for: Reserve Bank board minutes along with quarterly residential price indexes and weekly consumer confidence data are due out today, while in the US, look for housing market sentiment data and chain store sales figures. Keep up with the latest business developments in our live blog, Trading Day. | | | Profits ahead of truth at Allianz | | Michael Roddan, Ben Butler | | Allianz has misled consumers, ASIC and possibly even the financial services royal commission over travel insurance. |
| | | Exit not so horrible for $20m man | | Michael Roddan, Ben Butler | | NAB’s head of wealth Andrew Hagger has trousered more than $20 million over the course of his decade at the bank. |
| | | Will Glasgow, Christine Lacy | | Sydney City Councillor Kerryn Phelps isn’t quite off a standing start in her run as an independent in the seat of Wentworth. | | | | Aged-care operators to feel sting | | TURI CONDON | | Investors slashed nearly $500 million from the market value of the four major listed aged-care and retirement living companies. |
| | | Venice puts its foot on the gas | | Perry Williams | | Mitsubishi-backed Venice Energy may start importing LNG into Australia’s eastern states at the same time as two rivals. |
| | | Damon Kitney | | Star American philanthropist Michael Milken has urged Australians not to fear the rise of Amazon. | | | | ‘Be realistic on non-execs’ | | Sarah-Jane Tasker | | Experienced company chairman Paul McClintock says debate about non-executive directors needs to be ‘realistic’. |
| | | | James Kirby | | Nearly half a billion dollars has been wiped from aged-care stocks after a royal commission into the sector was announced. |
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