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Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statementNew Year Sale. Last chance to save over 50%.Get offer * 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 AUDUSD0.7136 0.0037 (0.52%)0.52%Toggle market snapshot SPI 2007221.00 29.00 (0.40%)0.40% S&P/ASX 2007217.30 -71.20 (-0.98%)-0.98% All Ords7515.80 -79.70 (-1.05%)-1.05% NZX 504976.07 -97.80 (-1.93%)-1.93% Hang Seng24906.66 -17.69 (-0.07%)-0.07% Nikkei27696.08 116.21 (0.42%)0.42% View all * NSW byelection BYELECTION BLOW FOR PERROTTET AS NSW LIBERALS LOSE SEAT The NSW government has suffered significant early swings against it on a “Super Saturday” of four byelections and was poised to lose a seat, plunging it further into minority government. * SUPER SATURDAY MAKES PERROTTET THE CANARY IN THE COAL MINE * Ukraine crisis ‘TIME TO LEAVE THE UKRAINE’: US LIFTS CONCERNS OF RUSSIAN INVASION US President Joe Biden has spoken with European leaders as fears of an imminent Russian invasion of Ukraine rise and US citizens are told to leave the country. * Skills shortage WHY YOU’LL BE REWARDED IF YOU WANT A JOB NOW Aussies are quitting in droves and using the hot job market to negotiate for better pay and conditions. * Analysis * Federal election SUPER SATURDAY MAKES PERROTTET THE CANARY IN THE COAL MINE Similarities in style between Premier Dominic Perrottet and Scott Morrison in handling the pandemic make super-Saturday more than about NSW, writes Phillip Coorey. * Consulting KEEN PROFESSIONALS WAIT AT THE BORDER AS SKILLED ROLES LIE VACANT The hope that relaxed skilled-visa restrictions would alleviate staff shortages has proved to be premature. * Opinion * Inflation THE FEDERAL RESERVE SHOULD PICK ‘BOOMFLATION’ OVER A RECESSION Letting inflation run hotter than planned is a better outcome than crushing economic growth with overly severe interest rate increases, writes Conor Sen. * Need to Know THOUSANDS GATHER IN CANBERRA TO PROTEST VACCINE MANDATES Prime Minister Scott Morrison says the situation in Ukraine is ‘very serious’; NSW records 32 COVID-19 deaths, Vic 19 deaths and Qld 13; NSW Premier Dominic Perrottet faces four byelections today. Follow updates here. * Motoring THIS VOLVO MIGHT BE THE ELECTRIC SUV YOU’VE BEEN WAITING FOR * Lunch with the AFR DAISY TURNBULL ON WHY SHE WAS WRONG ABOUT GRACE TAME * Luxury fashion VIRGIL ABLOH COUTURE SNEAKERS SELL FOR $35 MILLION AT AUCTION * Opinion * Review NEED A LIE-DOWN? THIS PROJECTOR SITS UP SO YOU DON’T HAVE TO The latest in food, wine and where to travel. In your inbox every Saturday. Sign up for the newsletter STREET TALK * FIRST SENTIER TESTS INTEREST IN GAS NETWORK FIRST GAS, BANKERS UP * BHP GROUP AND THE $24B SHORT * EQT’S ICON SMASHES $1B BARRIER FOR AUSSIE TERM LOAN B MARKET CHANTICLEER * INSURERS CAN’T OUTRUN NATURAL PERILS * CHRIS MACKAY’S DEFIANT RALLYING CRY LEAVES KEY QUESTIONS * ACCC BANK CARTEL CASE COLLAPSES REAR WINDOW * JOSH FRYDENBERG SUSTAINS FULL-BODY GRAVEL RASH * ADRIAN DI MARCO MADE THE MOST OF PROXY REFORMS * MAGELLAN NEVER STOPPED LOVING CHRIS MACKAY Advertisement SMART INVESTOR * Superannuation HOW TO SURVIVE A MARKET CRASH Think you can time getting in and out of equities to stay ahead? Here’s why the experts say you’re wrong. * Opinion * Property market THE WIDE-RANGING EFFECTS OF US INFLATION Markets are still pricing in interest rate increases that are way below where the US Fed thinks it is going in the next couple of years. * Opinion * Flat Chat WHEN OLDER UNIT BLOCKS DON’T MEASURE UP TO MODERN LIFE Golden oldie apartments may have a certain charm but modern facilities that come with new units may be a better fit for your lifestyle. * Super Q&A SHOULD I BE REINVESTING DIVIDENDS IN MAGELLAN GLOBAL? Magellan is still returning more than 10 per cent a year, but perhaps the more important question is: are you comfortable being an investor in the embattled fund? * Family finance JOINT ACCOUNTS THAT MAKE COUPLES MORE MONEY Tempted to tie the financial knot on Valentine’s Day? While accountability and an investment plan can boost savings and security, read these tips first. WEEKEND READS * Gaming & wagering HOW AI IS TEACHING CARD SHARKS NEW TRICKS A handful of artificial intelligence-based tools has radically remade the way poker is played, especially at the highest levels of the game. * Lunch with the AFR DAISY TURNBULL EXPLAINS WHY SHE WAS WRONG ABOUT GRACE TAME The daughter of a former prime minister and former lord mayor is on a mission: to change the way you talk to teenagers. * China relations XI AND PUTIN’S PLAN FOR A NEW WORLD ORDER Does an alliance between the world’s two most powerful autocracies signal the start of a second cold war, or were Xi Jinping and Vladimir Putin just posturing on the sidelines of the Olympics? * Skills shortage WANT A JOB NOW? IT’S A GOOD TIME TO BE REWARDED Aussies are quitting in droves and using the hot job market to negotiate for better pay and conditions. * Dictators WHY HARDLINERS LOVE A ‘POWER TABLE’ What does a world leader’s fondness for vastly oversized furniture says about them? COMPANIES * Courts BRUISED SIMS VOWS: I WON’T EASE UP ON BANKS The head of the competition watchdog has put the banks on notice they face further scrutiny on rasing capital, despite his landmark cartel case collapsing. * Financial planners MAGELLAN WANTS A FRESH START. IT WON’T BE EASY Analysts and investors alike are aware that any turnaround of Magellan’s fortunes hinges on improving performance. * Consulting KEEN PROFESSIONALS WAIT AT THE BORDER AS SKILLED ROLES LIE VACANT The hope that relaxed skilled-visa restrictions would alleviate staff shortages has proved to be premature. * Sharemarket MAGELLAN WILL BOUNCE BACK, MACKAY TELLS INVESTORS’ WEBINAR Magellan’s new equities bosses offered their views on holdings in Meta and Netflix, and even whether Tesla could be owned in the funds one day. * Opinion * Chanticleer INSURERS CAN’T OUTRUN NATURAL PERILS Natural perils continue to dog Australia’s two largest general insurers who consistently underestimate the impact of climate change. * Earnings season TECH INVESTMENT PUSHING TWO BANKS FURTHER AHEAD Amid intense mortgage market competition, every moment counts in the speed of approvals. Two of the big four banks have pulled right ahead of the pack. * Updated * Earnings season IAG LIFTS PREMIUM GUIDANCE, TRIMS DIVIDEND IAG has lifted the amount of premiums it expects to reap this year, but questions surround whether it will be enough to cover costs. 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 * World markets WALL STREET ENDS DOWN SHARPLY ON FEARS OF UKRAINE CONFLICT US stocks fall as Ukraine conflict deepens, dragged lower by tech shares and inflation concerns. Oil prices hit seven-year highs. * Oil OIL COSTS SOAR AS RUSSIA-UKRAINE TENSION RISES Oil options costs skyrocketed along with futures prices as tensions between Russia and Ukraine ratcheted up. * Monetary policy FED ‘SHOCK THERAPY’ NOT NEEDED, KRUGMAN SAYS Nobel laureate economist Paul Krugman said while it’s time for the Federal Reserve to start raising interest rates, there’s no crisis with regard to inflation. * Shares BANK RESULTS MASK A CHALLENGING START TO EARNINGS SEASON Strong results by NAB and CBA buoyed markets this week, but on average, companies are posting fewer upside surprises than usual and are being punished for it. * Shares ASX RISES FOR SECOND STRAIGHT WEEK DESPITE FRIDAY’S STUMBLE The local tech sector dropped 3.8 per cent on Friday as markets priced in a more aggressive tightening cycle by the US Federal Reserve. OPINION * Federal election SUPER SATURDAY MAKES PERROTTET THE CANARY IN THE COAL MINE Similarities in style between Premier Dominic Perrottet and Scott Morrison in handling the pandemic make super-Saturday more than about NSW. Phillip Coorey Political editor * Federal election THESE ARE THE LUDICROUS DYING DAYS OF THE 46TH PARLIAMENT In a frantic week, it was hard to see how the scares can escalate - except we know that they will. Laura Tingle Columnist * ACCC VALUABLE LESSONS FROM THE ACCC’S CARTEL CASE ERROR There are cheaper and quicker ways of changing debateable industry practices than the sledgehammer of criminal law. The AFR View Editorial * China relations THIS IS A TURNING POINT IN COLD WAR 2.0 In 1972, Henry Kissinger triangulated Beijing against Moscow. Now Vladimir Putin and Xi Jinping are playing the same manoeuvre against the US. Stephen Roach Contributor * Property market THE WIDE-RANGING EFFECTS OF US INFLATION Markets are still pricing in interest rate increases that are way below where the US Fed thinks it is going in the next couple of years. Christopher Joye Columnist * Canberra Observed RELIGIOUS FREEDOM WEDGE BECAME THE PM’S EXPLODING CIGAR The government certainly did not intend to wedge itself but that’s what happened. And Percy Punter has no idea what’s going on other than there was more chaos and ill-discipline inside the government. Phillip Coorey Political editor Advertisement POLITICS * NSW byelection PERROTTET FACES SUPER SATURDAY BYELECTION TEST Premier Dominic Perrottet distanced himself from Prime Minister Scott Morrison on the last day of campaigning ahead of the super Saturday of four byelections in NSW. * Federal election RATTLED MINISTERS RALLY AROUND SCOTT MORRISON Attorney-General Michaelia Cash has left open the possibility of religious freedom legislation being passed before the federal election * Exclusive * Legal industry BRITTANY HIGGINS’ ACCUSED TO SEEK TRIAL DELAY AFTER PM APOLOGY Lawyers for the man accused of raping Brittany Higgins in Parliament House in 2019 say they will seek a stay on the criminal proceedings. * Opinion * Monetary policy TIME TO RETHINK THE LOWE DOLLAR The Reserve Bank’s ‘weak currency’ policy bears hidden costs that hit poorer Australians the most, write Jacob Greber. * Tourism FINALLY, HOPE RETURNS FOR NORTH QUEENSLAND TOURISM OPERATORS The industry has been decimated since the international border closed in March 2020, but there is cause for optimism with the return of overseas tourists this month. SPONSORED WORLD * Ukraine crisis US SAYS RUSSIA COULD INVADE UKRAINE WITHIN THE WEEK A Russian invasion of Ukraine could come within the week, possibly within the next two days, says the White House. * Coronavirus pandemic CANADIAN JUDGE ORDERS AN END TO BLOCKADE AT BORDER BRIDGE A judge has ordered protesters at the Ambassador Bridge over the US-Canadian border to end the five-day-old blockade that has caused supply chain disruptions. * Coronavirus pandemic FDA PUTS BRAKES ON COVID-19 SHOTS FOR US KIDS COVID-19 vaccinations for US children under five-years-old have hit another delay as regulators put the brakes on efforts to speed review the shots that Pfizer is testing for youngsters. * China relations XI AND PUTIN’S PLAN FOR A NEW WORLD ORDER Does an alliance between the world’s two most powerful autocracies signal the start of a second cold war, or were Xi Jinping and Vladimir Putin just posturing on the sidelines of the Olympics? * International affairs WOMEN FACE GREAT BARRIERS AFTER COVID-19: THERESA MAY The former British Prime Minister warns that women risk dropping out of the workforce as employees return to the office and face less flexibility after the pandemic. PROPERTY * Sydney house prices HOUSE PRICES TO FALL 14 PER CENT: WESTPAC Westpac’s Bill Evans says housing will be “collateral” damage as the RBA raises interest rates in an effort to keep inflation on target over the medium term. * Inflation RISING RENTS COULD BE THE SLEEPER FACTOR FOR INFLATION Advertised rents are rising more sharply than they are measured in official cost of living figures. As borders open and people return, rising rents could push inflation higher. * Shopping centres UNIBAIL-RODAMCO-WESTFIELD PREPARES TO DISMANTLE FRANK LOWY’S US EMPIRE Leases, rents and sales are all on the way up, URW says, as it sees the light at the end of the COVID-19 tunnel. * Home loans ‘IRRATIONAL’ BORROWERS SWITCHING TO MORE EXPENSIVE PROPERTY LOANS Fears about rising rates are causing many to rush into new fixed mortgages without considering the best loan for their finances. * Earnings season MIRVAC SAYS HOUSING PRICES RISING FASTER THAN COSTS Even as retail takes longer than expected to recover, the country’s biggest diversified developer says residential and commercial projects will hold up earnings. Advertisement WEALTH * Superannuation HOW TO SURVIVE A MARKET CRASH Think you can time getting in and out of equities to stay ahead? Here’s why the experts say you’re wrong. * Opinion * Energy transition HOW AUSTRALIANS CAN CUT EMISSIONS – AND SAVE $5000 A YEAR The electrification of households, powered by renewables, can halve energy use, fire up the economy and cut our living costs. * Family finance JOINT ACCOUNTS THAT MAKE COUPLES MORE MONEY Tempted to tie the financial knot on Valentine’s Day? While accountability and an investment plan can boost savings and security, read these tips first. TECHNOLOGY * Social media WHY BUDGETING TIPS ARE BOOMING ON TIKTOK Budgeting had a big week on TikTok as posts on the short-video platform with the hashtag budgeting surged as market volatility and the threat of inflation continued. * Gaming & wagering HOW AI IS TEACHING CARD SHARKS NEW TRICKS A handful of artificial intelligence-based tools has radically remade the way poker is played, especially at the highest levels of the game. * Cryptocurrencies HOW WASH TRADING IS DISTORTING THE PRICE OF NFTS Many sellers ‘wash trading’ their assets are learning that gaming the market is ‘seriously unprofitable’. WORK & CAREERS * Skills shortage WHY YOU’LL BE REWARDED IF YOU WANT A JOB NOW Aussies are quitting in droves and using the hot job market to negotiate for better pay and conditions. * Jobs THE ONE THING YOU HAVE TO KNOW BEFORE YOU CHANGE JOBS The strength of the current jobs market means it is an ideal time to try something new and aim for a role for which you might not be an exact fit. Advertisement LIFE & LUXURY * The Buzz ‘YELLOWSTONE’ CREATOR TAYLOR SHERIDAN IS BUILDING A TV UNIVERSE A $US175m deal with Paramount is marshalling a slew of genre series from the Texan screenwriter that will shape the next few years of television, from romantic westerns to gritty crime dramas. * Review ‘DRIVE MY CAR’ IS A HIGHLIGHT OF THE YEAR This Oscar-nominated Japanese film is a slow voyage of self-discovery. * Boats DEMAND FOR $5M+ LUXURY YACHTS SURGES It looks like smooth sailing ahead for the boating sector, an industry that has enjoyed record demand and participation levels over the past two years. * Lunch with the AFR DAISY TURNBULL ON WHY SHE WAS WRONG ABOUT GRACE TAME The daughter of a former prime minister and former lord mayor is on a mission: to change the way you talk to teenagers. * Winter Olympics SCOTTY JAMES TAKES SILVER IN MEN’S OLYMPIC SNOWBOARD HALFPIPE FINAL Snowboarder Scotty James won Australia’s first silver medal of the Beijing Games in a hard-fought battle for first place with Japan’s Ayumu Hirano. MOST VIEWED 1. HOUSE PRICES TO FALL 14 PER CENT: WESTPAC 2. BRITTANY HIGGINS’ ACCUSED TO SEEK TRIAL DELAY AFTER PM APOLOGY 3. JOSH FRYDENBERG SUSTAINS FULL-BODY GRAVEL RASH 4. PARLIAMENT SEALS SUPER BOOST FOR 300,000 AUSTRALIANS 5. THOUSANDS GATHER IN CANBERRA TO PROTEST VACCINE MANDATES 6. LOWE WARNS OF ‘ABRUPT’ EFFECT FROM US RATE RISES FROM THE GALLERY DAVID ROWE CARTOONS FOR FEBRUARY 2022 Feb 11, 2022View more editorial cartoons THE AUSTRALIAN FINANCIAL REVIEW MAGAZINE NOW YOU CAN COOK NOMAD SYDNEY’S MOST POPULAR DISH * Jill Dupleix * INSIDE THE NEW HOME OF THE AUSTRALIAN CHAMBER ORCHESTRA * NEW TO NET-A-PORTER: LIMITED-EDITION ART DELIVERED TO YOUR DOOR BOSS FINANCIAL REVIEW THE ONE THING YOU HAVE TO KNOW BEFORE YOU CHANGE JOBS * Sally Patten * MAGELLAN SHOWS THE DANGERS OF KEY-PERSON RISK * HOW THIS LITHIUM MINER CEO JUGGLES A BIG FAMILY WITH A BIG JOB LIFE & LEISURE IF IT’S RIGHT, YOU KNOW IT IN YOUR BONES, SAYS FETED JEWELLER * Lauren Sams * NEED A LIE-DOWN? THIS PROJECTOR SITS UP SO YOU DON’T HAVE TO * THIS VOLVO MIGHT BE THE ELECTRIC SUV YOU’VE BEEN WAITING FOR RICH LIST YOUNG RICH LISTERS WATCH WEALTH PLUMMET AFTER HACK, CRYPTO SELL-OFF * Jessica Sier * INVESTORS WAIT FOR MINTZ’S NEXT MOVE AS CETTIRE SHARES SLIDE AGAIN * CETTIRE SHARES DIVE AS LUXURY ONLINE RETAILER SWINGS TO A LOSS 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