www.afr.com
Open in
urlscan Pro
2a04:4e42:200::645
Public Scan
Submitted URL: http://www.afr.com/
Effective URL: https://www.afr.com/
Submission: On March 02 via manual from SG — Scanned from DE
Effective URL: https://www.afr.com/
Submission: On March 02 via manual from SG — Scanned from DE
Form analysis
2 forms found in the DOMGET /search
<form action="/search" autocomplete="on" class="_20yS0" data-testid="SearchInput" method="get" role="search"><label class="t_1Ac" for="sideNav">Search</label><input type="text" class="_1dbZo _2EynA" data-testid="SearchInput-input" id="sideNav"
maxlength="100" minlength="2" name="text" placeholder="Search The Australian Financial Review" required="" value="">
<div class="_197OG"><button class="qehui" data-testid="SearchInput-submit-button" type="submit"><svg class="_1SIxy _3uGhX" aria-labelledby="search-title" focusable="false" height="1em" aria-label="Search" role="img" width="1em">
<title id="search-title">Search</title>
<use xlink:href="#icon-search"></use>
</svg></button></div>
</form>
GET /search
<form action="/search" autocomplete="off" class="_20yS0 _2i3t5" data-testid="SearchInput" method="get" role="search"><label class="t_1Ac" for="companySearch">Search company by ASX code or name</label><input type="text" class="_1dbZo _2Xl61"
data-testid="SearchInput-input" id="companySearch" maxlength="100" minlength="0" name="text" placeholder="Search ASX code or company name" required="" value="">
<div class="_197OG"><button class="qehui" data-testid="SearchInput-submit-button" type="submit"><svg class="_1SIxy _3uGhX" aria-labelledby="search-title" focusable="false" height="1em" aria-label="Search" role="img" width="1em">
<title id="search-title">Search</title>
<use xlink:href="#icon-search"></use>
</svg></button></div>
</form>
Text Content
Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statementExperience the AFR for half the priceSave 50% Now * Today's Paper * Markets Data * Events * Lists * Subscribe * Log in MenuSearch Newsfeed Newsfeed * Log in * Home * Companies * Financial Services * Mining * Professional Services * Retail * Telecommunications * Energy * Healthcare & Fitness * Infrastructure * Transport * Media & Marketing * Gaming & Wagering * Manufacturing * Agriculture * Sport * Tourism * Markets * Equity markets * Commodities * Currencies * Debt markets * Markets Live * Markets Data * Street Talk * Politics * Federal * Canberra Observed * Federal Election * Policy * Economy * Energy & Climate * Foreign Affairs & Security * Tax & Super * Health & Education * Public Service * World * North America * Asia * Europe * Middle East * Pacific * South America * Central America * Africa * Property * Residential * Commercial * Technology * Fintech * Start-ups * Social Media * Enterprise IT * Technology Reviews * Opinion * The AFR View * Chanticleer * Rear Window * Letters to the Editor * Wealth * Investing * Personal Finance * Superannuation & SMSFs * Tax * People * Rich List * Young Rich * Wealth Generation * Work & Careers * Careers * Workplace * Management * Education * Executive Education * Leaders * BOSS * Women of Influence * Power List * Life & Luxury * Travel * Cars, Bikes & Boats * Health & Fitness * Food & Wine * Fashion & Style * Arts & Culture * Design * LUXURY * AFR Magazine * Sophisticated Traveller * Life & Leisure Close menu Search Search * Home * CompaniesExpand * MarketsExpand * Street Talk * PoliticsExpand * PolicyExpand * WorldExpand * PropertyExpand * TechnologyExpand * OpinionExpand * WealthExpand * Work & CareersExpand * Life & LuxuryExpand MORE * Today's Paper * Markets Data * Events * Lists Advertisement AUDUSD0.7263 0.0003 (0.04%)0.04%Toggle market snapshot SPI 2007089.00 -4.00 (-0.06%)-0.06% S&P/ASX 2007116.70 20.20 (0.28%)0.28% All Ords7406.30 21.00 (0.28%)0.28% NZX 504938.48 -45.18 (-0.91%)-0.91% Hang Seng22469.27 -292.44 (-1.28%)-1.28% Nikkei26393.03 -451.69 (-1.68%)-1.68% View all The search is on for the best young leaders in the country. Enter now * Live * Russia-Ukraine war RUSSIAN ECONOMY ‘REELING’ FROM SANCTIONS: BIDEN US President Joe Biden says Vladimir Putin will pay a ‘high price’ for the invasion of Ukraine and has ‘badly miscalculated’; Russia has signalled a furious assault may be about to start in major cities in Ukraine. Follow updates here. Latest Posts * 4 mins ago — 5.42PM CASUALTIES MOUNT IN KHARKIV * 1 hr ago — 4.41PM RUSSIAN AIRBORNE TROOPS LAND IN KHARKIV: REPORT * 1 hr ago — 4.17PM TWITTER TO COMPLY WITH EU SANCTIONS ON RUSSIAN STATE MEDIA * 1 hr ago — 4.12PM WHAT HAPPENED TO RUSSIA’S AIR FORCE? US OFFICIALS, EXPERTS STUMPED Last updated 4 mins ago * Russia-Ukraine war AUSTRALIA ROLLS OUT THE BARRELS AS DUTTON AMPS UP CHINA CRITICISM Australia will make a modest contribution to the release of 60 million barrels of oil from global reserves to try and keep a lid on petrol prices. * Opinion * Russia-Ukraine war RUSSIA IS A POTEMKIN SUPERPOWER I wouldn’t be surprised if postmortems on the Ukraine war eventually show that there was a lot more rot at the heart of Putin’s military than anyone realised, writes Paul Krugman. * Courts IAG HIT WITH $300M OF CLAIMS LINKED TO GREENSILL CAPITAL COLLAPSE The insurer says it was in the dark about policies a half-owned insurance agency was signing. * Sharemarket ASX CLOSES 0.3PC HIGHER AS COMMODITY PRICES SOAR Rising prices for oil and iron ore helped power the energy and materials sectors higher despite uncertainty stemming from Russia’s war in Ukraine. * Managed funds MAGELLAN’S STAFF RETENTION MOVES KEEP ZENITH ON SIDE The head of influential ratings house Zenith says he’s changed his mind on the issue of key man risk. * Live * Need to Know WA RECORDS 1766 CASES ON EVE OF REOPENING; BOM ISSUES RAIN WARNING WA posts case record; NSW authorities warn of dangerous and life-threatening flash flooding; heavy falls, possibly exceeding 200mm, forecast from the Hunter to South Coast. Follow updates here. * Opinion * Russia-Ukraine war THREE SCENARIOS FOR HOW THIS WAR ENDS * Russia-Ukraine war ABRAMOVICH IS SELLING HIS $275M LONDON MANSION, BRITISH MP CLAIMS * Opinion * Chanticleer WHEN THE BOARDROOM BECOMES THE WAR ROOM * Coronavirus pandemic LIKE TO TRAVEL? YOU’LL HATE THIS PROFESSOR’S BIGGEST LESSON FROM THE PANDEMIC Essential news and analysis for business and investors about Australia’s critical economic transition. Sign up for the newsletter STREET TALK * LISTED EXPLORER CELSIUS IN SHARE PLACEMENT * 1.18pm * BLOOD TESTING BIZ HAEMOKINESIS IN $17M IPO * 12.27pm * PEXA FRONT AND CENTRE AS ACCC REVIEWS LINK TAKEOVER * 10.45am CHANTICLEER * WHEN THE BOARDROOM BECOMES THE WAR ROOM * MATHS SAYS THE HIT TO MARKETS FROM UKRAINE HAS A WAY TO GO * ANZ MOVES THE CEO SUCCESSION PIECES REAR WINDOW * LEGAL SECTOR $80M RICHER FROM BANK CARTEL CASE * BEFOREPAY’S BROKER SLASHES ITS PRICE TARGET * FALINSKI CHANNELS HIS INNER NIMBY Advertisement RUSSIA-UKRAINE WAR * Russia-Ukraine war AS THE TANKS ROLLED INTO UKRAINE, SO DID MALWARE. THEN MICROSOFT ENTERED THE WAR A few hours before Russian tanks began rolling into Ukraine, alarms went off inside Microsoft, warning of a never-before-seen piece of “wiper” malware. * Opinion * Russia-Ukraine war HOW THE WEST’S FINANCIAL STRAITJACKET COULD DEFEAT PUTIN’S MILITARY MIGHT Internal panic and a run on Russian banks to dump the crashing rouble means we may be witnessing the first use of overwhelming economic force to help resolve a modern armed conflict, writes Richard Holden. * Russia-Ukraine war IMF, WORLD BANK TO APPROVE BILLIONS IN UKRAINE SUPPORT The International Monetary Fund and World Bank are working on a multi-billion dollar support package for Ukraine, with the first instalment set to be approved within days. * Analysis * Russia-Ukraine war STALLED OUTSIDE TWO BIG UKRAINIAN CITIES, RUSSIA ADJUSTS TACTICS By attacking Kharkiv’s Freedom Square and blowing up a Kyiv TV tower, Russian forces demonstrated they can strike across the country at will. * Analysis * Russia-Ukraine war HOW RUSSIA IS LOSING THE INFORMATION WAR Russia’s famous disinformation factory, like its military, is struggling to find its feet. And Ukraine has stepped into the social media vacuum with aplomb. COMPANIES * Mergers & acquisitions API INVESTOR SEEKS LAST-MINUTE BOOST FROM WESFARMERS Investors Mutual says Wesfarmers $1.55 bid should include the fully franked special dividend. * Energy SANJEEV GUPTA MAY GET A $593M HYDROGEN PLANT NEXT TO HIS STEELWORKS The billionaire’s group says it makes sense to have a taxpayer-funded $593 million hydrogen plant on his doorstep where it can be integrated. * Earnings season DAVID JONES SALES, PROFITS TUMBLE IN FIRST HALF The department stores sales fell 9.2 per cent while profits slide nearly 45 per cent, painting an ominous picture for rival Myer. * Insolvency PROBUILD’S CREDITOR LIST TOO LONG FOR SNAIL MAIL Practical measures about notification of creditors – and the unearthing of a further 300 creditors in just one day – show how big the implications of Probuild’s collapse are. * Governance BHP, ANZ BOARDS PLAN FOR THE ‘UNTHINKABLE’ ARISING FROM WAR Chairmen Ken MacKenzie and Paul O’Sullivan say boards and management need to hope for the best and plan for the worst. * Fintech NON-BANK LENDER BANJO SCORES $100M DEBT FACILITY Online SME lender Banjo Loans has secured a $100 million debt funding facility, to support a new wave of growth for the fintech. * Lithium CORE LITHIUM JUMPS ON TESLA’S LATEST AUSSIE DEAL Core Lithium shares spiked after locking a supply deal with Tesla, continuing the US giant’s frenzied few months of deal making with Australian miners. COMPANIES IN THE NEWS All Companies SEARCH COMPANIES View stories and data from an ASX listed company Search company by ASX code or name Search MARKETS * Bonds RATE EXPECTATIONS SCALED BACK ON GLOBAL GROWTH WORRIES The intensifying war in Ukraine has investors paring back expectations of monetary tightening by central banks. * GDP HOW YOU ARE SPENDING YOUR MONEY (IN 10 CHARTS) Here are 10 charts putting the latest national accounts data in perspective. * Markets Live ASX ADDS 0.3PC; MINERS, ENERGY STOCKS RALLY Australian shares close 0.3pc higher; Euro hits one-year lows against $A; Brent climbs above $US110 ahead of OPEC+ meeting; GDP grew 3.4pc in Q4, on par with expectations. Follow the latest here. * Energy BLACKROCK: SOARING ENERGY PRICES UNDERLINE NEED FOR TRANSITION A rally in coal, gas and oil prices simply points to the need for countries to accelerate the transition towards greener forms of energy, BlackRock says. * GDP ECONOMY REBOUNDS 3.4PC IN DECEMBER QUARTER The economy rebounded strongly in the December quarter after lockdowns in NSW, Victoria and the ACT eased and households spent more of their take home pay. OPINION * Australian economy ECONOMY ROARS, BUT THERE ARE CHALLENGES AHEAD The stimulus-fuelled economy is running hot after lockdowns, but the Coalition and Labor must face up to risks on the horizon. John Kehoe Economics editor * Russia-Ukraine war ORDINARY RUSSIANS MULL THEIR FUTURE AS SANCTIONS BITE Price hikes, runs on banks, cancelled foreign travel and even their damaged reputation around the world are just some of the problems facing Putin’s people. Misha Zelinsky Special correspondent * Russia-Ukraine war RUSSIA’S WAR IN UKRAINE IS A WAKE-UP CALL ON AUSTRALIA’S CHINA RISK Would Australia be willing to suffer massive economic pain to push back if Beijing moves to take over Taiwan? John Kehoe Economics editor * Russia-Ukraine war WE ARE IN A NEW IDEOLOGICAL CONFLICT MORE DANGEROUS THAN THE COLD WAR The new conflict is not one between communists and capitalists, but one between irredentist tyranny and liberal democracy. Martin Wolf Columnist * Rich farmers FARMS HAVE NEVER BEEN SO LUCRATIVE – AND LOBBYISTS WANT MORE SUBSIDIES A compliant rural media helps the National Farners’ Federation, which this week sought funding for a bureaucracy to lobby for itself. Aaron Patrick Senior correspondent * Russia-Ukraine war RUSSIA IS A POTEMKIN SUPERPOWER Vladimir Putin may well take Kyiv. But even if he does, he will have made himself weaker, not stronger. Paul Krugman Contributor Advertisement POLITICS * Analysis * Federal election PM FORCED TO SHELVE PERTH TRIP IN COVID-19 BLOW It’s better to be benched now than during the campaign proper. Not that catching it once doesn’t stop you catching it again. * Russia-Ukraine war MORE MONEY FOR DEFENCE, NATIONAL SECURITY SLATED FOR BUDGET New defence, national security and humanitarian spending is on the cards for the federal budget amid worries about Russia’s intentions in eastern Europe. * Coronavirus pandemic RAPID HIV TESTS PITCHED TO ADDRESS PANDEMIC DECLINE Greater use of rapid, at-home kits comes after a significant decline in pathology tests during COVID-19 lockdowns * Federal election FACTION-RIVEN NSW LIBERALS CAN’T AGREE ON ELECTION CANDIDATES Party president Philip Ruddock may seek federal intervention after his state executive refused to approve a factional deal to preselect candidates. * Critical minerals COBALT MINE EXPEDITED TO CATCH UP WITH CHINA, RUSSIA, CONGO Cobalt Blue has been granted ‘major project status’ for a $560 million plant that proponents say will boost Australia’s role in lithium battery supply chains. SPONSORED WORLD * Biden's White House BIDEN VOWS TO FIGHT FOR DEMOCRACY, HIT INFLATION Mr Biden said current tensions over Russia were a “battle between democracy and autocracy”. * Coronavirus pandemic NEW ZEALAND ANTI-VACCINE PROTESTERS SET FIRES AS POLICE BREAK UP CAMP New Zealand Prime Minister Jacinda Ardern said she was angry and saddened at the fires and damage. * Shipping BURNT-OUT SHIP CARRYING PORSCHES, BENTLEYS AND LAMBORGHINIS SINKS Volkswagen had VW, Porsche, Audi, Bentley and Lamborghini-branded models on the vessel. * Courts GOLDMAN BANKER’S MESSY LOVE LIFE SCRUTINISED IN 1MDB TRIAL A defence lawyer has attacked the integrity of the government’s star witness, focusing on lies about his marital status and being married to two women at once. * Russia-Ukraine war AS THE TANKS ROLLED INTO UKRAINE, SO DID MALWARE. THEN MICROSOFT ENTERED THE WAR A few hours before Russian tanks began rolling into Ukraine, alarms went off inside Microsoft, warning of a never-before-seen piece of “wiper” malware. PROPERTY * Office COVID-19, FRESH SUPPLY ADD TO VACANT OFFICE SPACE Given the broader choices involved in coming to a physical office now, CBDs and their office towers need to give office workers reason to be there. * Property market HEFTY DISCOUNTING AND SLOWER RECOVERY FOR FLOODED PROPERTIES House prices in Brisbane’s flooded areas could take longer than four years to bounce back as the market heads to a broader slowdown, according to CoreLogic. * Exclusive * Commercial real estate BUXTONS PARTNER WITH TIME & PLACE ON $500M BUILD-TO-RENT PROJECT Developer Time & Place, backed by the Buxton family’s Corsair Investment Management, plan to develop 600 rental apartments on the 2.1ha site within the Alphington Mill precinct. * Commercial real estate WORK FROM HOME NOT THE END BUT START OF SOMETHING NEW AT THE OFFICE It will take a few years, but business growth, increased staffing and more collaborative space will overcome the impact of work from home on office occupancies. * Property market SYDNEY PRICES DIP IN SIGNAL ‘BOOM MAY BE OVER’ Sydney’s house price fall is a stark reminder that the boom is over and the market is now moving into its downward phase earlier than expected. Advertisement WEALTH * Wealth Generation MILLENNIAL INVESTORS PROTEST UKRAINE WAR WITH THEIR PORTFOLIOS Ethical-minded young consumers are shocked to find they are invested in Russia’s economy, but geographic divestment isn’t simple. * Wealth Generation YOUNG INVESTORS SHARE THEIR SECRETS TO WEALTH Start soon, be patient and let compounding do its magic, say young investors who are seriously focused on acquiring wealth. * Property investment LANDLORDS SET TO BENEFIT AS RENTS BOUNCE BACK FROM COVID-19 SLUMP Return to the office and easing of border restrictions are increasing demand for rental properties. TECHNOLOGY * Analysis * Russia-Ukraine war HOW RUSSIA IS LOSING THE INFORMATION WAR Russia’s famous disinformation factory, like its military, is struggling to find its feet. And Ukraine has stepped into the social media vacuum with aplomb. * Vale MICROSOFT SAYS THE SON OF CEO SATYA NADELLA HAS DIED Zain Nadella passed away on Monday morning, staff were told in an email. He was 26 years old and had been born with cerebral palsy. * Social media WHY FACEBOOK’S SURVIVAL DEPENDS ON A LOSING POLITICIAN Nick Clegg’s promotion at Meta signals that the tech giant now depends on astute political engagement for its future. WORK & CAREERS * Executive education SUPPLY CHAIN CRISIS OPENS UP CAREER OPPORTUNITIES Postgraduate education can help professionals better manage processes, solve problems more effectively and fast track career progression. * Professional moves GRADS MAKE THEIR START AT BOSTON CONSULTING GROUP Strategy consulting firm Boston Consulting Group has hired 16 graduates as associates and three data scientists. Advertisement LIFE & LUXURY * Motoring THE BMW IX3 IS WHISPER QUIET (BUT OH, WHAT A PRICE TAG) You’ll have to pay $114,900 for the electric newcomer, versus $73,900 for the two-litre petrol X3 hatch. There’s good news too, though. * Saleroom TAPESTRIES WEAVE MAGIC AT NAB ART SALE Twenty-nine new artist records were set at part two of the bank’s art clearance sale, with particular love for in vogue tapestries. MELBOURNE LOOKS FORWARD TO THE BEAUTY OF ALL THINGS ITALIAN From the streets of Rome to Milan and cities and towns the length of Italy, ‘belleza’ is not just a concept – it’s a fact of life. * Review OSBORN HOUSE HAS BEEN REIMAGINED AS A SOUTHERN HIGHLANDS HAVEN Choose from beautiful suites or cosy garden cabins and revel in sensational, fire-cooked food at this luxury country estate. * Opinion * Health ‘POSTBIOTICS’ ARE ALL THE RAGE, BUT DO THEY MAKE YOU LOSE WEIGHT? Scientists are still studying the new supplements and they are mostly unproven. But businesses are promoting them anyway. MOST VIEWED 1. * Live RUSSIAN ECONOMY ‘REELING’ FROM SANCTIONS: BIDEN 2. ASX ADDS 0.3PC; MINERS, ENERGY STOCKS RALLY 3. MICROSOFT SAYS THE SON OF CEO SATYA NADELLA HAS DIED 4. BILLIONS IN FUNDS FROZEN AS RUSSIAN ASSETS PLUMMET 5. FOR XI, PUTIN’S INVASION IS A TEST RUN FOR TAIWAN 6. VLADIMIR PUTIN’S GRAND PLAN IS UNRAVELLING FROM THE GALLERY DAVID ROWE CARTOONS FOR MARCH 2022 Mar 2, 2022View more editorial cartoons THE AUSTRALIAN FINANCIAL REVIEW MAGAZINE AUSSIE COUPLE IN BORDEAUX IGNORE THE RULES WITH UNCONVENTIONAL WINES * Max Allen * THIS FORMER ROCK STAR NOW HAS HITS WITH ‘INCREDIBLY EXPENSIVE’ CARS * NEW-LOOK ALBO: ‘I’M COMFORTABLE IN THE BOARDROOMS AS WELL AS THE PUB’ BOSS FINANCIAL REVIEW WHY THIS RECYCLING BOSS WOULD LOVE A NEW TAX * Patrick Durkin * NINE’S SNEESBY SETTLES STAN LEADERSHIP AHEAD OF RESULTS * HOW COMPANY DIRECTORS CAN SNIFF OUT A FAILING WORK CULTURE LIFE & LEISURE MELBOURNE LOOKS FORWARD TO THE BEAUTY OF ALL THINGS ITALIAN * Luke Slattery * THE BMW IX3 IS WHISPER QUIET (BUT OH, WHAT A PRICE TAG) * OSBORN HOUSE HAS BEEN REIMAGINED AS A SOUTHERN HIGHLANDS HAVEN RICH LIST KOGAN.COM SHARES TUMBLE 8.9PC ON EARNINGS MISS * Jenny Wiggins and Carrie LaFrenz * THE YIN AND YANG THAT MADE CANVA A $55B BEHEMOTH * WHY CANVA BELIEVES MOST VENTURE-CAPITAL INVESTORS NEED COURAGE The Australian Financial Review The Daily Habit of Successful People * Twitter * Instagram * LinkedIn * Facebook MY ACCOUNT MY ACCOUNT * Login SUBSCRIBE SUBSCRIBE * Subscribe * Corporate subscriptions * Student subscriptions ABOUT US ABOUT US * Products & services * Editorial team * History * Careers * Announcements * Platinum Year CONTACT CONTACT * Support * Letters to the editor * Submit a story * Advertise * FAQs MAGAZINES MAGAZINES * AFR Magazine * BOSS * LUXURY * Life & Leisure * Sophisticated Traveller COLUMNS COLUMNS * Chanticleer * Street Talk * Rear Window * The AFR View MARKETS DATA MARKETS DATA * Australian Indices * World Indices * Commodities * Bonds & Currencies * Companies index * Markets Data FAQs LISTS LISTS * Rich List * Power List * Young Rich * Women of Influence EVENTS EVENTS * Business Summit * Property Summit * Retail Summit * CFO Live * AFR Inside Markets * Banking Summit * National Infrastructure Summit * Super & Wealth Summit * Energy and Climate Summit * Higher Education Summit OUR NETWORK OUR NETWORK * The Sydney Morning Herald * The Age * Brisbane Times * WAtoday * Domain * Drive TERMS AND CONDITIONS TERMS AND CONDITIONS * Accessibility * Subscription Terms * Privacy Policy * Terms of Use * Reprints & Permissions * © Copyright 2022 The Australian Financial Review * Site Map