News Wire

All Sections

Fairfax confirms Domain spin-off as profits rise

Where's all the informative news gone?

The results come as Fairfax prepares to separate its real estate classified site Domain and list it separately on the stock exchange. Fairfax is expected to keep a controlling stake - up to 70 per cent - which would ensure it captures the profits if earnings continue to increase at the same pace.

Pot stocks rocket higher

Boris Trajkov has been charged with cultivating a commercial quantity of cannabis.

Medicinal marijuana stocks soared after the Federal Government pledged to loosen importation laws in a bid to boost supply for patients.

It's what they wanted, but it hurts

RBA governor Phil Lowe is unhappy with the prospect of continued low wages growth.

Low wage growth is what the Coalition wanted. Within weeks of being sworn in as employment minister in 2013 Eric Abetz warned "weak-kneed employers" not to cave in to unreasonable demands.

RBA's hands tied as wage growth hits new record low

The number of jobs rose by 13,500 in the month, but that was entirely due to growth in part time work, with full-time ...

Private-sector wage growth has slid to record low of just 1.8 per cent, throwing into doubt budget projections and confounding the Reserve Bank, which would prefer not to have to cut interest rates again and run the risk of reigniting house prices.