Business

Latest Business News

The ASX will have its bad years. For all we know, 2018 will be one of those periods. Or not.

Forget all predictions: History rhymes on the ASX

"They said you'd never make it," went the 80s beer ad, "but you finally came through". Which, while relevant almost every year, can certainly be said of the financial year which came to a close on Friday.

US President Donald Trump.

Money for power: Banker earns little to work under Trump

Money for power: Some of the business and finance executives who left multimillion-dollar jobs to work for President Donald Trump now earn less than the average school teacher, according to White House salary data released on Friday.

Illustration: Simon Bosch

Rate cut just as likely as a rate rise, economists predict

Australia is more likely to face an interest rate cut than an increase in the year ahead, a survey of 25 economists by Fairfax Media has revealed, as low wage growth, a high Australian dollar and a cooling housing market push the Reserve Bank towards a new record low cash rate.

Investors raised their euro zone equity holdings to 19.3 per cent, a near two-year high, in June. They also showed a ...

Global funds cut US stocks

Cautious global investors cut exposure to US stocks in June, and raised their euro zone equity holdings near a two-year high.

</p>

Bidder just meets Fairfax Media deadline

There was a flurry of corporate activity in the media sector on Friday afternoon with Hellman & Friedman submitting a letter to Fairfax Media's board just before deadline regarding its $2.8 billion bid for the company.