The Economy

 

Malcolm Turnbull's former employer Goldman Sachs tips early election

Vanessa Desloires 3:40 PM   The investment bank says it is likely the government will go to the polls in the next six months to take advantage of its high approval ratings.

Michael Pascoe

Jobs boom is a Sydney story

Michael Pascoe

Michael Pascoe 1:41 PM   There is an extraordinary wall of negativity in the economic commentariat about the much-better-than-expected employment statistics.

Opinion

Australia can be a force in technology

Mike Cannon-Brookes and Scott Farquhar represent a different approach for an Australian tech company; they're holding on to the company and taking it overseas, rather than letting themselves be bought out.

John McDuling 11:08 AM   It's safe to say technology has crashed through into the economic consciousness of the nation.

Reform brawling should force states' land tax hand

Michael Pascoe

Michael Pascoe 8:07 PM   How brawling, blaming and buck passing might end up driving decent tax reform.

Jobs growth is nothing like the 71,375 Michaelia Cash trumpets

Michaelia Cash

Peter Martin 5:59 PM   No one can accuse the Employment Minister of failing to take advantage of an opportunity.

Unemployment drops to 5.8 per cent

Jobs growth sped up further in November after an unusual surge in October.

Mark Mulligan   The jobs market in November added another 71,400 positions to October's extraordinary gain of almost 60,000, beating expectations.

Comments 8

The RBA may consider lifting rates by end 2016, BAML says

Fading shocks of the US dollar's strength and the commodity price crash will boost global GDP in 2016, Bank of America Merrill Lynch says

Vanessa Desloires    Bank of America Merrill Lynch says a gradual recovery may lead the RBA to look at lifting rates by the end of next year.

Companies can't cut out the clever

Innovation Minister Christopher Pyne and Prime Minister Malcolm Turnbull release the government's National Innovation and Science Agenda at the CSIRO Discovery Centre in Canberra.

John Pollaers   Boards must follow Malcolm Turnbull's lead and not rein back spending on innovation.

Property investors backing out fast

Property investors are taking out fewer loans.

The steam is clearly coming out of the housing market, thanks to a sharp decline in the level of investor lending.

Comments 60

Consumer confidence cools amid GST talk

Concerns about possible changes to the GST may be stoking pessimism.

Mark Mulligan   Consumer sentiment sags, as the cooling housing market, talk of a GST increase and worries about family finances began to weigh on the mood.

Comments 1

Consumption to flag as housing market cools

Jeremy Lawson: residential investment contributed about 20 per cent of growth in 2015.

Mark Mulligan   The economy will struggle to maintain already lacklustre growth rates next year as the main drivers of expansion in 2015 start to flag, a former senior economist with the Reserve Bank of Australia has warned.

Orica loses battle with tax office

Orica's profit will be hit by write-downs and a market glut.

Sarah Danckert   Orica reveals court judgment over its tax affairs will put a $36 million dent in next year's profits.

'Delusions' setting Australia up for a big budget shock

We need to come clean on the true state of the budget economist Ross Garnaut told the The Australian Financial Review Workforce and Productivity Summit in Melbourne on Tuesday.

Nassim Khadem   The case for company tax cuts for large business has not been subject to "rigorous analysis" according to leading economist Ross Garnaut.

Economy's transition 'on track', says NAB

Conditions are right for Australia's rebalancing away from resource-related investment.

Mark Mulligan   Business confidence rebounded in November and conditions remain above average, suggesting Australia's economic transition is on track, according to National Australia Bank.

Allan Moss appointed to RBA board

Allan Moss will replace Roger Corbett on the RBA board.

Edward Johnson   Allan Moss, a former chief executive officer of Macquarie Group, has been appointed to the Reserve Bank of Australia's board, the government said Tuesday.

Petrol prices drop, but expected to increase before Christmas: NRMA

Gas prices are low because of a worldwide glut in oil.

Julie Power   Petrol prices is urging motorists to fill up while cheap petrol prices last, says NRMA's 

Comments 10

Chinese demand for Aussie homes down 15% - McGrath

Chinese buyers have been less interested in Australian property.

Narayanan Somasundaram   Chinese demand for Australian homes has dropped as much as 15 per cent from a year earlier as China's stocks tumbled and the economy slowed, according to real estate agent McGrath.

Comments 35

ATO targets private school parents

The Australian Taxation Office has contacted 60 private schools and identified 100 parents who may be stashing secret money offshore.

Nassim Khadem   Parents who had private school fees paid from overseas accounts will be contacted by the ATO this week.

Innovate or be damned

Adele Ferguson - dinkus - thumbnail - dink

Adele Ferguson   For years Australia has carried the stigma of failing to commercialise inventions. The so-called smart country has looked increasingly deficient.

Comments 17

Consumer sentiment still weighed down by wages, markets

Retail sales are steady, but not spectacular, as shoppers launch into Christmas.

Mark Mulligan   Retailers banking on a busy Christmas might be a little underwhelmed by consumers' Scrooge-like behaviour at times, says Barclays, but the purse-strings are loosening.

Lethargy has struck services exports

Michael Pascoe

Michael Pascoe   After two years of high achievement against the odds, something strange has happened with our services exports.

Comments 3

Government to save startups from 'Valley of Death'

The change is aimed at encouraging entrepreneurship.

Nassim Khadem   A suite of new tax incentives by the Turbull government aim to increase investments in startups.

Comments 3

These 20 Americans own more wealth than half the US population combined

Bill Gates, philanthropist and co-founder of Microsoft.

Inga Ting   America's wealthiest 20 people own more wealth than the bottom half of the country's population - about 152 million people - combined, according to new research.

'Positive signals': fourth month of job ad growth

ANZ's job advertisement series gave another positive sign for employment during November.

Job ads another encouraging sign that the demand for labour is improving.

Comments 3

ECB head defends stimulus package after market backlash

The stars of the European Union (EU) sit on banners flying outside the European Central Bank (ECB) headquarters in Frankfurt, Germany.

President Mario Draghi is confident the measures unveiled will help bring inflation back to the ECB's target.

Broken public service leads to broken governance

Ross Gittins

Ross Gittins   There's no bigger question in politics today than why our governance has become so bad.

What GE thinks our miners can learn from Silicon Valley

GE Australia chief executive Geoff Culbert believes there are huge opportunities in Australia.

John McDuling   US industrial giant GE could expand its software presence in Australia

A page from Mao's little red book

Co Founder Su Di at You+ in Beijing China on Monday 30 Oct. 2015. Photo: Qilai Shen/Bloomberg News

Bloomberg News   Millions of Chinese people find themselves priced out of the big cities and are rejecting the consumer trappings of a modern lifestyle.

How big stocks dragged us down

Malcolm Maiden.

Malcolm Maiden   Forget Dick Smith and Slater & Gordon. Big companies were the big disappointment for most share market investors this year.

Ross Gittins

Miraculous escape or just maths?

Ross Gittins

Ross Gittins   There was a risk of recession, and then there wasn't. What an exciting week it's been for lovers of thrills and spills in the economy.

Comments 14