'Inverted' rates: assets may head offshore
![US rates are set to go above Aussie rates for the first time in over 15 years.](http://web.archive.org./web/20180116074158im_/http://www.afr.com/content/dam/images/g/j/r/g/7/0/image.related.afrIndexLeadWide.460x260.h0j5yw.gshfrb.png/1516087240271.jpg)
Australia's official cash rate is set to drop below its US equivalent for the first time in over 15 years, a move that could flip foreign investors' view on assets and spark a retreat in the local currency.
Australia's official cash rate is set to drop below its US equivalent for the first time in over 15 years, a move that could flip foreign investors' view on assets and spark a retreat in the local currency.
There is an increasingly dominant global actor looming large against the backdrop of Canberra political theatre - and we're not talking Donald Trump.
Here we go again. Early days, I know, but already in 2018 we are witnessing an extension of a last year's clear trend: the relatively poor performance of Aussie equities against their overseas counterparts.
William Hill's Australian bookmaking business could be sold by February, which could bring an end to high-profile bookmaker Tom Waterhouse's three-and-a-half year stint as chief executive.
The ASX ended lower as banks and miners weighed, although Bellamy's bucked the trend with a 24 per cent surge.
Stricken outsourcing company Carillion owes up to 30,000 businesses around $1.26b, with many expected to go under themselves as a result.
Commissioner Kenneth Hayne has named silks Rowena Orr and Michael Borsky, along with Mark Costello and Eloise Dias as counsel assisting.
Telstra is investing heavily in its fault resolution services, as telcos continue to battle increasing complaints about NBN services
Fast food retailers need to embrace disruptors like MenuLog and Uber Eats.
Infant formula maker Bellamy's Australia has lifted its full year profit guidance after better than expected sales in China during the first half.
Orocobre will more than double production capacity through a $US361 million capital raising as producers rush to supply the battery boom.
A wave of lithium supply from Australia will ensure 2018 marks the peak in lithium prices, experts say.
Shares remained mired in the red at lunchtime, with banks and miners the worst performers, although Bellamy's shares shot higher as investors warmed to its upgraded guidance.
State Street Global's Susan Darroch talks about investing in China, why ETFs won't topple the market and how a water view is her best investment.
Shares in Afterpay Touch have hit a record high after the buy now-pay later service revealed its sales reached more than $900 million in the first half.
China is escalating its clampdown on cryptocurrency trading, targeting online platforms and mobile apps that offer exchange-like services.
JB Hi-Fi is at the centre of a classic confrontation between powerful short sellers targeting overpriced stocks and a value investor convinced the electronics retailer is fundamentally mispriced.
With the oil price hitting fresh three-year highs, it's scarcely surprising that investors have rediscovered a taste for black gold.
Even a looming trade war does not change the economic fundamentals that keep the US and China in co-dependency.
Today happens to be my first day back at work. It's also the first day of my diet and the inevitable New Year's resolution to lose weight. Really this time.
NSW commuters can expect even more train chaos as the state's rail workers prepare to strike for 24 hours.
Agriculture Minister David Littleproud has rejected the notion China is "buying the farm", ruled out foreign investment restrictions and urged a more "scientific" approach.
Malcolm Turnbull has given a much-needed boost to Premier Will Hodgman ahead Tasmania's state election, inking a deal to fund a science and technology centre deal in Hobart.
Sydney nightspots and restaurants with links to Kings Cross identity John Ibrahim have been caught up in the Plutus Payroll tax fraud.
New motor vehicle sales have risen, with sales in December up 4.5 per cent on the previous month and far higher than November's mere 0.1 per cent lift, official data show.
Republican leaders are now turning to a short-term funding measure in hopes of keeping government agencies open.
Taiwan has hit back at companies bowing to pressure from China to stop referring to the self-ruling island state as a country and says political measures should not be used to influence business operations.
Regulator says website violated rules on foreign ownership.
Hawaiian agency unlikely to identify the employee, who "feels terrible, as you can imagine."
Global automakers urge the Trump administration not to terminate the North American Free Trade Agreement.
Consumer confidence has risen to a more-than-four-year high thanks to surprisingly strong building approvals and retail spending figures.
Carillion's collapse with more than half a billion pounds of unfunded pension commitments may increase pressure on some of the nation's biggest companies to plug their own funding gaps.
A cashless society sounds cool. But notes in the pocket impose discipline on opaquely regulated and dominating service providers.
Finance once was the most popular career choice for MBA graduates but it has been replaced by consulting and marketing roles while Big Tech vacuums up the talent.
Boards should tweak long-term incentives for companies with big US operations.
Citigroup said it would measure, publish and take steps to close the gaps between what it pays men and women in three countries and for US minorities.
Four executives at Australia's largest superannuation fund have seen their pay packets jump nearly three-fold over the past five years, while total staff costs have also surged.
The 910-carat stone found by Gem Diamonds high in the mountains of Lesotho in southern Africa is the fifth-largest in history.
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