Goldman: Oz pay push 'canary in coal mine'
"It's entirely feasible you're seeing a positive inflection point in wages," says the chief economist for Australia at Goldman Sachs Group.
"It's entirely feasible you're seeing a positive inflection point in wages," says the chief economist for Australia at Goldman Sachs Group.
Parents and family are emerging as one of the nation's biggest lenders behind the resurgence of first-time home buyers in the nation's most expensive housing markets, analysis reveals.
Donald Trump's Republican Party is on the brink of rupturing after two Senators launched scathing attacks on the President's character.
Shares are gaining, with banks and miners driving the advance, while Wesfarmers is lower after revealing slower sales growth at Coles.
Some days the grind of eking out growth in the grocery business must feel like a battle to Coles boss John Durkan.
The property industry says stamp duty is a "monster" tax that traps people in homes and backs a recommendation to shift to a land tax.
While China's debt is believed to be $US400 billion, if you add on Hong Kong's external, that's $US1.9 trillion, mostly in short-term, interbank borrowing.
Coles' same-store food and liquor sales growth slows to lowest pace since 2008 as the retailer cuts prices to catch up with Woolworths and Aldi.
ASIC and the banks it has taken to court over interest rate rigging may ask for more time to finalise multi-million dollar settlements.
"It's entirely feasible you're seeing a positive inflection point in wages," says Andrew Boak, chief economist for Australia at Goldman Sachs Group.
The next wave of sharemarket contenders is rolling in thick and fast.
Outgoing Myer chairman Paul McClintock has accused Solomon Lew of trying to get control of Australia's largest department store on the cheap.
Criticising the success of central banks in reflating our crisis-hit economies, because this created today's financial risks, is not a valid reaction to their actions.
The Dow Jones Industrial Average surged to a fresh record, the US dollar hit the highest in three months and Treasuries tumbled.
Shares are poised to open higher, paced by records on Wall St on solid results from Caterpillar and 3M. $NZ drops.
The New Zealand dollar fell sharply after the nation's PM-elect signalled the central bank may soon have an expanded mandate.
Bitcoin is booming and the value of cryptocurrencies has surged tenfold this year, so why are institutional investors steering clear?
It would be a grievous mistake to listen to this week's litany of complaints about the NBN and conclude the entire project is a disaster.
For all the Turnbull government's attacks on the Rudd government over the NBN, a lot of customers will hold this government responsible.
The Productivity Commission has shifted the debate to how core government services are delivered, and urges everyone to play nice.
Solomon Lew's extraordinary attack on Myer and its chairman show he wants change, and quickly. But his endgame remains a mystery.
Bill Shorten has accused the "grubby" government of abusing power and wasting money and police time after what the Opposition Leader said was the latest attempt to smear him.
Treasury secretary John Fraser has left open the door to further regulatory efforts to curb risky property lending.
Liberal MPs opposed to increased intervention into the affairs of big business believe they will be consulted before the government attempts another move.
Police have launched an extraordinary raid on AWU offices as part of an investigation into allegedly unauthorised donations by Bill Shorten.
Health, education and planning – not industrial relations and tax – is where the political and economic bang-for-buck is strongest.
Spain's plan to crush Catalonia's separatists is raising alarm bells among some of Mariano Rajoy's allies before what's set to be a decisive few days in the conflict with the insurgent region.
Saudi Crown Prince Mohammed bin Salman has announced plans to build a huge Red Sea coast city powered by clean energy with no room "for anything traditional".
Senator Bob Corker, a Republican from Tennessee, is a man unburdened.
Xi Jinping has amassed power far more quickly and surely than previous Chinese leaders.
The US President's constant interventions are making it hard to achieve the tax reform he wants.
It's no longer easy and definite that when you die, you can leave your Transition to Retirement Pension to a younger partner.
Old-school media companies are priced for continuing failure, so any small revenue bump is likely to flow on to the share price.
A new study has found the gender pay gap, even for highly paid women, results in then earning 38 per cent less over the course of their working life.
The 2016 Census reveals managers, especially dads, are no longer willing to work more than 49 hours a week.
The leadership of BDO has been quietly conducting a broad-ranging internal security investigation focused on plugging information leaks.
Specialist teachers should be paid more and vocational education is a "mess", says the Productivity Commission.
GetSwift shares have surged since listing on the ASX last December, putting Joel Macdonald on the Young Rich List.
Mike Baird says the major banks need to make a broader contribution to society if they want to win back the public's trust.
A silent star's book helped shape the autobiographies of Australia's famous screamer.
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