Capex numbers show RBA rate cutting may be paying off
The great thing about the Australian Bureau of Statistics' private fixed capital survey is that it records more than the past.
Michael Pascoe is a BusinessDay contributing editor. He comments on companies, markets and the economy.
The great thing about the Australian Bureau of Statistics' private fixed capital survey is that it records more than the past.
The fancy new $5 note – yes, still with the purple Queen – isn't the only Reserve Bank event today.
How cruel is farming. Survive weather's vagaries to plant what promises to be a bumper winter wheat crop just in time to see prices crash.
The apparent dividend contradiction is a reflection of the main themes of this reporting season: overall averages were skewed by a few spectacular dives.
How long before the shrinking retailer Woolies walks away from Big W as well?
The casual observer of our reporting season at the half-way mark might think Australian business is very patchy indeed, if not seriously weak.
OK, it's not entirely free, but it's a greatly reduced sentence for your deficit blowout, with the chance of a genuinely helpful parole system.
Two companies that have already invested many billions of dollars in Australia's future have been told they can't be trusted.
Scott Morrison may have dodged the award for the government's dodgiest performance this week.
Remember the one about cutting interest rates to lower the dollar? Tell that to the Aussie when it was trading above 77 US cents this morning.
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