Business

The Economy

Treasurer Scott Morrison is still talking a big game.

Scott Morrison's Monty Python moment

It's a dangerous thing to talk a big game before taking the field. Treasurer Scott Morrison did that pre-departure for the weekend G20 finance ministers meeting in Germany. He's been left trying to claim a big loss was actually a win. Monty Python's dismembered Black Knight comes to mind.

Treasurer Scott Morrison will be presented with the damning report in Baden Baden.

Lift GST, says OECD in dismal report card

The Organisation for Economic Co-operation and Development has castigated Australia for inadequate progress on tax, Indigenous affairs and support for business in a report card to be presented to finance ministers from the group of 20 leading industrial nations in Germany on Saturday.

Janet Yellen and the Federal Open Market Committee have been careful to take the global pulse before acting.

US Fed playing with fire by lifting rates

One almost wonders whether the Fed is really raising rates to puncture the asset bubble out of moralistic urges, just as it did from 1928 to 1929.

Full-time employment rose by 27,100 jobs, while the number of part-time jobs was down by 33,500.

Unemployment rate jumps to 5.9%

The jobless rate has unexpectedly jumped to 5.9 per cent, its highest level in just over a year, as the economy shed 6400 jobs in February.

The US dollar is looking for fresh direction following recent gains

Dollar's rally hinges on US rate clues

Traders betting on further gains in the US dollar aren't being dissuaded by its slump late last week after the February employment report showed robust jobs growth

Small Business

How Australia bought the 'Oscars of Food'

Chefs Ben Shewry and Dan Hunter at the Royal Exhibition Building in Melbourne where the World's 50 Best Restaurants ...

Big money is being spent in the hope the benefit of hosting The World's 50 Best restaurants will trickle down to Australia's restaurants, producers and tourism operators.