Little sign of end to global turmoil

Global markets have been hammered over the past seven days.

Investors went into the weekend with few signs of an end to the volatility which has convulsed global markets in recent days as Australian shares suffered their worst weekly fall in two years.

Jan Hatzius, global chief economist with Goldman Sachs, says the market correction is a repricing of equities after a ...

Jan Hatzius tips four Fed rate hikes this year

One of Wall street's leading economists says the US equity market would have to fall by around 20 per cent from its peak before the Federal Reserve's planned interest rate hikes are thrown into doubt.

Recession fears over property slump

Falling property prices in Sydney and Melbourne could cause the nation's wealthiest to cut back sharply on consumer spending and drive the economy into recession, according to leading economists.

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Solly Lew says Myer in 'peril'

Myer says it still has the support of its banks after warning profits will fall as much as 41 per cent, but Solomon Lew says the retailer is in 'peril.'

The global market rout returned on Thursday night, spilling into Asia on Friday.

Markets: ASX sharply lower 

The Australian sharemarket is lower after the Dow Jones Industrial Average fell more than 1,032 points overnight to complete a full correction.

RBA trims jobless forecast, rates on hold

The Reserve Bank of Australia says unemployment will fall faster than it forecast three months ago but doesn't expect core inflation will climb into its 2-3 per cent target range before the middle of next year.

ASX sees red after Wall St nightmare

The Australian sharemarket is down 1.5 per cent and Asian equity markets have fallen even further after a fresh bout of heavy selling on Wall Street sealed a correction for the Dow Jones and S&P; 500.

Opinion

Andrew Clark

In the name of democracy

Expect some fireworks on Saturday when the NSW Liberal Party debates planned changes to preselection processes that crystallise factional differences.

US government shuts down

The US federal government has shut down after a quarrelling Senate blew a midnight deadline to pass a temporary funding bill.

Duterte to be investigated over drugs war deaths

International Criminal Court (ICC) prosecutors have opened a preliminary examination into Philippines president Rodrigo Duterte's "war on drugs", which has led to the death of thousands since it began in July 2016.

Former President George W Bush has been critical of Russia for exploiting US divisions.

George Bush says 'clear evidence' of Russian meddling

Former President George W. Bush said he believes Russia meddled in the 2016 US presidential election, departing from President Donald Trump who has been skeptical of intelligence agencies' findings that the Kremlin had interfered to help him win.

Personal Finance

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The most tipped big cap stocks

Centennial Funds' Matthew Kidman talks with Wilson Asset's John Ayoub and Morphic's Chad Slater about the most tipped big caps.

Alexander Peponis thinks it was the analytical component of his psychology degree which drew KPMG's attention to him in ...

STEM turns into STEAM

Arts is being added to the core science, technology, engineering and mathematics units.

Can Rob Scott find another Bunnings?

Wesfarmers' CEO Rob Scott is an Olympic rower who says leaders don't need to be charismatic or have all the answers. As his ex-boss Michael Chaney says, huge egos just get in the way of good judgment.

Lifestyle

 In the state of Michoacán, which produces 92 per cent of Mexico's avocados, brutal cartels have inflicted torture, ...

The not-so-tasty side of smashed avo

Soaring demand and prices have spurned a darker side of the avocado trade, as cartels have ditched trafficking heroin and cocaine to cash in on the green fruit's riches.