Economics
Xi sets China’s economic course
3:56PMLiyan QiXi Jinping has urged China’s government to play a greater role in the economy, while reiterating the market’s role.
Home affordability worsens
12:47PMMichael RoddanAs housing affordability declines, record-high debt is exposing borrowers to greater risk of default, warns Moody’s.
Reserve in no hurry to lift rates
12:00AMDAVID URENThe RBA says it is under no pressure to follow the lead of the United States and Canada and lift rates.
Reserve Bank, BCA clash on tax
12:00AMGlenda KorporaalThe RBA has challenged the Business Council about the importance of cutting corporate tax rates to attract investment.
RBA concern over household debt
12:36PMRobb M StewartThe RBA has expressed increasing confidence in the economy, but remains watchful of risks due to high household debt.
Yellen flags gradual rate hikes
Harriet TorryFed chair Janet Yellen has kept the door open to another rate rise this year, but sounded a note of caution on inflation.
IMF jitters over our ‘high’ debt
DAVID URENAustralia’s mounting household debt, driven by high property prices, is of growing concern to the IMF.
China must reform to tackle debt
Rowan CallickS&P has told China that only decisive reform efforts will rescue the nation from its grave debt challenge.
Chinese hungry for property
Rowan CallickThe property industry is confident Beijing’s efforts to rein in capital outflow won’t stop Chinese investment here.
RBA to stress-test banks
Michael RoddanThe RBA says interest-only borrowers are vulnerable to ‘payment shock’, and will stress-test the banking system.
Home investors shrug off curbs
TURI CONDONThe number of investors who own multiple properties has been outpacing more modest property investment, the RBA says.
Lured into potential disaster
DAVID URENBanks are being stress-tested for a 40 per cent property price plunge as tax records reveal frightening investor exposure.
Chinese iron ore imports soar
China’s iron ore imports leapt 16pc in September, breaching the 100m tonne mark for the first time in a single month.
RBA warns of mortgage shock
Michael RoddanThe RBA has deep concerns about the property market, warning that many people could be forced to dump their homes.
Rules helping home prices: RBA
Prashant MehraA crackdown on housing loan standards is working and has helped ease the overheated property market, the RBA says.
Morrison’s message to Wall St
Scott Morrison takes his better-days-ahead message to New York, telling business figures he is unashamedly prioritising growth strategies.
Why wage growth has stalled
Robert GottliebsenBehind the failure of US inflation to rise is the fact that wages have stagnated. Many of the reasons also apply to Australia.
Investor lending bounces back
Stuart CondieInvestor mortgage lending staged a surprise recovery in August but APRA’s intervention is still being felt.
Fed on track for Dec rate rise
David HarrisonFed officials are divided over whether to lift rates again this year amid weak inflation, but many still favour a hike.
Westpac digs in on interest-only
Michael RoddanWestpac has defended its exposure to interest-only home loans, with CEO Brian Hartzer comfortable with the risks.
Tax creep hits middle Aussies
Adam CreightonMiddle-income earners will bear the brunt of bracket creep over the next four years.
Consumer mood lifts: Westpac
James GlynnShoppers had a spring in their step in October with optimists outnumbering pessimists, according to a Westpac survey.
Seize the day, says IMF
Adam CreightonThe IMF has urged governments to “seize the moment” as the decade-long economic hangover from the GFC starts to ease.
ATO chases $2.5bn tax shortfall
Ben ButlerThe tax office is confident it can collect a shortfall of $2.5 billion from corporate Australia.
Incitec jobs hinge on gas deal
Matt ChambersThe clock is ticking on Incitec Pivot’s ‘mission to save Gibson Island’ and up to 1500 Queensland jobs.
Chinese tourist numbers to soar
Glenda KorporaalThe number of Chinese tourists coming to Australia is expected to triple by 2026.
Local business ‘rock solid’
SAMANTHA WOODHILL, David RogersLocal business conditions hugged close to a nine-and-a-half-year high in September amid ongoing retail lag, says NAB.
Nobel winner’s irrational plan
US economist Richard Thaler’s Nobel prize is for work showing economic and financial decisions are not always rational.
Marxism and central banking
Alan KohlerKarl Marx pursued economic perfection. So are central banks. But it doesn’t work.
Growing demand for mine workers
RACHEL BAXENDALEWorkers are in demand with increasing job vacancies in the mining, tourism and healthcare sectors.
