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Latest News
Technology
It’s not your car they’re replacing
An offshoot of Google parent Alphabet, Waymo says it’s building a driver, not a car.
Economics
Key sectors shredding jobs
“Bellwether” sectors of the economy have been haemorrhaging jobs in 2019, warns JPMorgan.
The Wall Street Journal
China plays hardball on trade
Trade talks risk failure after Beijing took a hard line because it felt Donald Trump was ready to make concessions.
Politics
States attack Labor’s tax, property plan
Three state treasurers warn Bill Shorten’s negative gearing and tax changes will cost up to $1.4bn a year, and put a dent in GST revenues.
Mining & Energy
Caltex margins grind lower
Caltex’s first-quarter earnings dived as its fuel margins took a hit and earnings at its Lytton refinery plunged.
Companies
GrainCorp loss kills payout
GrainCorp won’t pay an interim dividend after swinging to a $59m loss, and tough times look set to continue.
Property
Worst over for housing: ANZ
Housing prices are set to stabilise in 2019 as the market enters recovery mode, says ANZ.
Financial Services
Macquarie downsizes in Gulf
Macquarie Capital is scaling down operations in the UAE and giving up an operating licence in Saudi Arabia.
Financial Services
QBE dodges second strike
QBE has avoided a second strike at today’s AGM in Sydney, with almost 90pc of investors backing its pay report.
Business
CFMEU faces huge fines
ABCC seeks hundreds of thousands of dollars in fines against the CFMEU, four senior NSW officials.
Mining & Energy
Santos signs new gas deals
Santos pushes ahead on NSW coal-seam gas project, even as it awaits approval.
Companies
Qantas eyes record revenue
Qantas says it’s on course for a record revenue despite a late Easter trimming first-quarter passenger numbers.
Companies
Homes slump hits cement maker
Adelaide Brighton says annual profit will fall by up to 15pc amid softening demand for building materials.
Companies
FIRB hurdle puts onus on TPG
The fact that the proposed TPG-Vodafone tie up needs FIRB approval makes its ACCC battle harder.
Media
Cost cutting looms for HT&E
Media company HT&E’s revenue fell five per cent in the first quarter and it now plans cost savings.
Mining & Energy
Pulling wood over our eyes
Australia is ripe to be taken in by Europe and America’s wood-fired carbon fakery.
News
Rideshares ‘clog traffic’
Hopes that services like Uber could help ease road congestion are undermined by a US study.
Trading Day
Telstra leads ASX bounce
Stocks have recovered from an early blip, edging higher with Telstra in the lead.
DataRoom
Far, Cairn push for oilfield sale
Global advisory firm Jefferies has been hired by Far and Cairn Energy to sell a stake in the $4.27bn SNE development in Senegal.
Property
Grocon, Lendlease tower battle
The contest to develop two major towers above the planned Pitt Street metro station is coming to a head.
Property
How jobs have changed
The Australian workforce has shifted away from middle skill jobs to highly skilled jobs.
Property
Libs win by preferences
In every state except Tasmania, the places where people want to buy are Liberal-held seats.
Property
Off the plan buyers caught short
Buying an apartment ‘off the plan’ while the housing market was racing along probably sounded like a good idea at the time.
Property
Centennial pays $35m for site
Funds manager Centennial Industrial & Logistics has snapped up an industrial park in Melbourne’s west
Property
Arrow targets Zenith building
Investment manager Arrow Capital Partners is circling The Zenith building on Sydney’s north shore.
Business
China play a risky business
Voters tend to presume that Australia’s 27 years of uninterrupted economic growth will continue almost independent of government policy
Property
15,000 agency jobs lost
More than 15,000 real estate agents have left the industry since the market peaked in 2017.
Property
Star’s wow-factor foyer
The Star Sydney has spent $65 million to redesign its Pyrmont entrance.
Property
GPT eyes $225m worth of assets
GPT has stepped up its hunt for logistics assets, with more than $225m worth of deals in Sydney in the works.
Property
Brookfield seeks tower partner
Brookfield has stepped up its search for an investment partner to back its $800m development of a new Chevron headquarters.
Business Review Editor
Eric Johnston joined The Australian in July 2014. Previously he was the business editor of The Sydney Morning Herald and The Age, overseeing award-winning business coverage and driving investigative reporting. He also has worked at The AFR and as a correspondent with Dow Jones, where his stories appeared in The Wall Street Journal.
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