McCrann’s week The RBA’s great dilemma

The RBA’s great dilemma

FOR 50 years, the Reserve Bank had a clear choice — fight recession or fight inflation. Now it is far more complicated, says Terry McCrann.

Business special Will the real Oz step forward?

Will the real Oz step forward?

FROM a nation that capably overhauls its workforce to an economy grappling with stubbornly low inflation, today’s Australia has many faces, writes Paul Gilder.

Share market Stocks surge on Deutsche Bank deal talk

Stocks surge on Deutsche Bank deal talk

US stocks have risen strongly as financial shares surged on news that Deutsche Bank was near a settlement with US regulators over its sale of toxic mortgage bonds before the financial crisis

Sea of red Aussie stocks cop $30bn hit

Aussie stocks cop $30bn hit

THIRTY billion dollars has been wiped from the value of Australian companies today as a sea of red engulfed the stockmarket.

The economy Nation faces slow growth limbo — BIS

Nation faces slow growth limbo — BIS

THE Australian economy will be locked in “slow growth limbo” for another three years, a report has found.

Aussie banks in Moody’s gun

Aussie banks in Moody’s gun
RATINGS agency Moody’s has put a negative outlook on Australian banks — a potential precursor to a ratings downgrade.

Negative rates rise ire of S&P

Negative rates rise ire of S&P
ONCE considered by economists a desperate, last-gasp measure to revive stalling growth, negative interest rates are now a way of life for nearly half a billion people.

Unemployment rate falls but part-time jobs on the rise

Unemployment rate falls but part-time jobs on the rise
ANOTHER healthy injection of jobs across Australia could be enough to satisfy the Reserve Bank but won’t mask a worrying slowdown in fulltime hiring, economists say.

10,000 people applied for this job

10,000 people applied for this job
IT doesn’t have the most glamorous duties in the world, but nearly 10,000 people are vying for this receptionist job. Here’s why.

Finance news you need to know today

Finance news you need to know today
TWITTER says it will slash nine per cent of its global workforce as it embarks on a restructure of the business.

Australian market set to open higher

Australian market set to open higher
THE Australian market looks set to open around half a per cent higher after a more than one per cent slide in Thursday’s session.

Finance news you need to know today

Finance news you need to know today
BOEING has reported third-quarter earnings of $2.97 billion, a 33.7 per cent rise, while Coca-Cola has reported third-quarter profit of $1.37 billion.

Dollar slips as short-sellers cash in

Dollar slips as short-sellers cash in
THE Australian dollar is lower after short-sellers took profits as the currency neared 77 US cents.

Australian market set to open higher

Australian market set to open higher
THE Australian market looks set to open higher after losing 1.5 per cent in the previous session and a mixed performance on Wall Street.

Aussie up ahead of inflation data

Aussie up ahead of inflation data
THE Australian dollar has risen against its US counterpart ahead of the release of local inflation data.

Australian market set to open lower

Australian market set to open lower
THE Australian market looks set to open lower after falls on Wall Street following disappointing corporate results from several heavyweights.

Finance news you need to know today

Finance news you need to know today
NEW Zealand has edged out Singapore as the easiest country for doing business in the World Bank’s latest rankings.

Dollar slips on US rate rise hopes

Dollar slips on US rate rise hopes
THE Australian dollar has slipped amid renewed hopes of a US rate rise before Christmas.

Finance news you need to know today

Finance news you need to know today
SYRIAN refugee children have been working in factories in Turkey making clothes for ASOS, an investigation has found.

Australian market set to open flat

Australian market set to open flat
THE Australian market looks set to open flat, despite the S&P 500 hitting a two- week high on the back of strong earnings.