Inflation shock could come from anywhere
![Dr Scholes received the Nobel Prize for economic science in 1997.](http://web.archive.org./web/20180517050222im_/http://www.afr.com/content/dam/images/h/1/0/3/c/1/image.related.afrIndexLeadWide.460x260.h10380.gshfrb.png/1526530466629.jpg)
An inflationary shock would force the US Federal Reserve to raise interest rates faster than anticipated, warns Nobel Laureate Myron Scholes.
An inflationary shock would force the US Federal Reserve to raise interest rates faster than anticipated, warns Nobel Laureate Myron Scholes.
AMP's chief risk officer for its under fire financial advice division has resigned, publicly announcing his impending departure via an emotive LinkedIn post.
Macquarie Group has confirmed redundancies will result from a merger of its private wealth division and private bank, as it moves to focus on high net worth customers.
The corporate regulator has laid out plans to speed up its investigations into wealth management firms, warning of a new era of more "intensive, dedicated" oversight.
CFMEU leader John Setka has argued his union's success is a result of breaking industrial laws in an interview released a day after his blackmail case was dropped.
The next round of royal commission hearings may not provide a banking and finance bloodbath because lending to SMEs is not so black and white.
The Australian market is lower this afternoon as Westpac trades ex-dividend, dragging the index.
Santos suitor Harbour Energy has submitted a binding but conditional proposal for the takeover of the oil and gas producer, with revised terms but without sweetening its offer price.
Shares in Treasury Wine Estates fell 10 per cent on Thursday morning, on news that the company was facing a supply glut in China.
Kidman Resources has struck a three-year deal to supply electric car maker Tesla with lithium hydroxide from a refinery south of Perth.
Raymond Barro says a merger of the Barro family's Pronto concrete business with Adelaide Brighton would be a ''good fit''.
The Australian Competition and Consumer Commission has raised preliminary competition concerns about Transurban bid for a majority stake in the WestConnex road project in Sydney, saying it could result in a worse deal for motorists.
Citi has downgraded its recommendation on a2 Milk and slashed his target price after the company disappointed investors with its revenue outlook.
Macquarie analysts declared that a generation of investors will experience for the first time the "end of the great bond bull market", after the US 10-year government bond yield cemented itself above 3 per cent.
The sudden drop in the price of the VIX occurred simultaneously with a jump in S&P; 500 futures - the normal state of affairs between the two markets.
The co-founders of Glaucus have split after a successful campaign against Blue Sky Alternative Investments.
David Wills, the former investment banker in charge of business development at Rich Lister Christian Beck's InfoTrack, is set to disrupt the $1b sales process for PEXA.
The decision by the Victorian DPP to drop blackmail charges against two senior construction union officials is a complete humiliation for the Turnbull government.
Trade talks with China give Donald Trump the choice between a cheap, symbolic win and a protracted, painful trade war.
And this is the mob that Bill Shorten relies on for his support as leader of the Australian Labor Party
Australia's jobless rate rose in April to the highest in nine months, even after employment growth rebounded
The federal government has ruled out a referendum to change section 44 of the Constitution but will introduce a new citizenship test for all candidates.
Companies and directors will face boosted fines and prison sentences for breaching live animal export rules.
The collapse of an unprecedented court action to criminalise unlawful industrial behaviour has emboldened the militant CFMEU to pursue legal action.
An underbidder for the disastrous Sydney light rail project says it was obvious that the biggest risk to the project was moving utilities.
The FBI dispatched a pair of agents to London on a mission so secretive that all but a handful of officials were kept in the dark.
President Donald Trump lashed out at unauthorised immigrants during a White House meeting, warning in front of news cameras that dangerous people were clamouring to breach the country's borders and branding such people "animals".
Total joined other European companies in signalling it could exit Iran unless it receives a sanctions waiver from the US.
Newly appointed Chinese vice-premier Wang Qishan is nicknamed the "firefighter" - feared and respected, and now the man to know.
President Donald Trump acknowledges he paid $US100,000 for a third party to his lawyer, who earlier had said he'd paid off a porn actress.
Kevin Seymour has had a long career in property, yet such is his enthusiasm for the sharemarket that he once even formed his own funds management company.
The Australian Tax Office has strengthened the rules governing how findings of fraud or evasion can be made against taxpayers.
A reader's query on borrowing money to finance repairs raises quite a few questions, says John Wasiliev who seeks answers for your questions on super.
The AMP ruckus will ultimately be a turning point for better boardrooms in corporate Australia says Diane Smith-Gander, who says there are "too many part-time directors".
Female board appointments are hitting the right pace -- but it is stretching the supply of women with the right hands-on management experience, writes former ASX CEO Elmer Funke Kuper.
Scentre has shown the door to can-shakers and chuggers as it looks to transform its Westfield malls in lifestyle destinations.
British MPs have demanded the UK's big four accountants be referred to for potential break-up following the collapse of government contractor Carillion.
Wolfe was often described as a master of verbal pyrotechnics, and so he was.
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