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  • Coalition remains 'rock-solid': Chester

    27 October 2017 5:44 AM 71

    The Liberal-National coalition is "rock-solid" despite the High Court citizenship ruling upsetting the balance within government, senior frontbencher Darren Chester. The Nationals MP accepted that Barnaby Joyce and Fiona Nash were responsible for breaching the constitution, but was confident the loss of the National Party leaders would not upset dynamics

  • Australian dual citizenship ruling might trigger coalition government’s collapse

    27 October 2017 5:44 AM 8

    Australia’s High Court on Friday disqualified the deputy prime minister and four senators for holding dual citizenship at the time of their election, violating a 116-year-old constitutional ban. The government holds a single-seat majority. CANBERRA—Australia’s High Court on Friday disqualified the deputy prime minister and four senators from sitting

  • Profit-takers move in after Joyce pushed out

    27 October 2017 5:38 AM 6

    Early gains were erased and the Australian sharemarket fell into the red as the High Court ruling on seven politicians’ citizenship status left the coalition government’s majority on a knife-edge. The S&P-ASX 200 index jumped 0.3 per cent at the open after the steady lead from Wall Street, but profit-taking knocked it back to break-even. It tumbled to a 0.8 per cent loss after

  • ASX falls as Joyce exit adds uncertainty

    27 October 2017 5:37 AM 19

    The local share market ended the session lower as uncertainty weighed on the market after the High Court ruled five MPs ineligible to sit in federal parliament over breaches to parliamentary citizenship rules. The benchmark S&P/ASX200 closed down 13.98 points, or 0.22 per cent, at 5903.199 points. The broader All Ordinaries index was down 13.244 points

  • Barnaby Joyce won't 'second-guess High Court', decision to disqualify him from Parliament 'not total surprise'

    27 October 2017 3:45 AM 15

    A somewhat shell-shocked Barnaby Joyce has faced the press after learning the High Court has disqualified him from Parliament for being a dual citizen. The former deputy prime minister now must fight a by-election for his seat of New England on December 2. Here's what he said to the media in his home town of Tamworth, directly after the High Court decision

  • Glenn Stevens, former RBA governor, joins Macquarie board as investment bank hits record high

    26 October 2017 11:28 PM 16

    Former Reserve Bank governor Glenn Stevens has jumped from being the nation's chief financial regulator to a seat on Australia's biggest investment bank Macquarie Group. Mr Stevens' appointment was announced as Macquarie released a record first-half profit of $1.2 billion and shares surged to a new high. Mr Stevens will join both the Macquarie Group

  • APA reaffirms full-year earnings guidance

    26 October 2017 11:17 PM 17

    Gas pipeline major APA Group has reaffirmed its full-year guidance for earnings to be between $1.475 billion to $1.510 billion, based on current market conditions. Outgoing chairman Leonard Bleasel also told shareholders at the company's annual general meeting that APA had opened a small office in Houston, Texas, in the past couple of months as it considers

  • Sydney woman shocked $24 million discovery after NAB mistake

    26 October 2017 12:29 PM 31

    A Sydney woman has found herself $24.5 million richer after her bank accidentally transferred her an unexpected windfall. Clare Wainwright made the shocking discovery on Thursday morning when she logged into her bank account and found the National Australia Bank (NAB) had paid out her mortgage and given her $24,544,780.16 to redraw. Clare Waintright

  • Clare Wainwright ended up with $25 million in her NAB account after St George approved the funds

    26 October 2017 12:29 PM 50

    IMAGINE discovering an extra $25 million in your bank account. For Clare Wainwright, it has proved to be something of a headache. The lawyer first discovered the millions in her account on October 25. In September, NAB sent a letter confirming a direct debit for loan repayments had been set up. The letter said Ms Wainwright’s monthly repayments would

  • NBN accused of using financial arguments to obscure inferior performance

    24 October 2017 12:00 PM 20

    The government and NBN have been accused of downplaying problems with Australia's broadband quality after insisting that no changes need to be made to the funding of its struggling $49 billion initiative. The issue of the how the NBN is being paid for has come to a head after chief executive officer Bill Morrow suggested it could need regulatory or financial