Yesterday
Defence and social spending to blow out budget: Deloitte
Long-term spending on defence and social services means the deficit will settle at $60 billion a year, says Deloitte Access Economics.
- 1 hr ago
- Ronald Mizen
Mr Yum nears close on mega Series A raise led by Tiger Global
Fresh off achieving one of the largest local pre-Series A funding rounds of 2021, Mr Yum is now targeting $US60 million for its Series A raise.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
MacCap makes seven point pitch for MIRA’s Axicom
There’s plenty of love flowing between Macquarie Capital and its sister Macquarie Infrastructure and Real Assets.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
Goldman Sachs, QIC home in on Icon Group buyer
It’s down to the short strokes in the auction for cancer care business Icon Group.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
IPD Group eyes $40m raise for IPO, $101m enterprise value
Electrical products distributor IPD Group is ready to officially hit the IPO circuit.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
Rampersand taps investors for fresh $40 million fund
Early stage VC fund Rampersand is raising a new fund, but it has no interest in taking on hundreds of millions of dollars like its well-known peers.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
After mocking electric cars, PM now embraces them
Scott Morrison once famously claimed electric cars would be the death of the weekend. Now he wants to build more electric charging infrastructure.
- Jacob Greber
- Opinion
- Chanticleer
RBA signals end of easy money
Interest rates will rise sooner than expected, but that isn’t reflected in equity markets that are yet to include the less bullish scenarios in the bond market.
- Tony Boyd
PM puts carbon capture on menu in Glasgow
Scott Morrison met a dozen of Australia’s mining and clean energy executives on the sidelines of the COP26 summit to discuss emissions technologies.
- Phillip Coorey
- Breaking
- Monetary policy
RBA edges closer to rate hike
Governor Philip Lowe has acknowledged underlying inflation had picked up quicker than expected and signalled rate rises could begin earlier than forecast.
- Updated
- Ronald Mizen
Australian dollar eases after RBA fights back hawks
The Australian dollar fell back after the Reserve Bank warned hawkish markets that a cash rate increase in 2022 was unlikely.
- Cecile Lefort
Thailand tempts tourists back with quarantine-free holidays
Tens of thousands of international tourists are expected to land in Thailand after restrictions were lifted for travel from 63 countries, including Australia.
- Emma Connors
- Opinion
- Interest rates
Lowe says ‘Australia is different’ on interest rates
Reserve Bank governor Philip Lowe thinks Australia can resist the global inflation forces caused by supply chain disruptions and labour shortages.
- John Kehoe
- Analysis
- Big four
Market bets Westpac will miss cost target
One bad slide in Westpac’s 131-page results presentation triggered a chain reaction, as leading analysts question the bank’s recent pledge to slash costs.
- Updated
- James Eyers
- Opinion
- The AFR View
The sooner interest rates rise, the better
The RBA has conceded that the cash rate could rise in 2023. That’s good: dirt cheap money increases risk while doing little for growth.
- The AFR View
- Analysis
- RBA
Why does the RBA even bother forecasting interest rates?
While Tuesday’s RBA move looks messy, forward guidance is one of the central bank’s most powerful tools in a world where interest rates are already at zero.
- Michael Read
Investment means city-country divide on climate action is ‘over’
Business was leaving the Morrison government behind on climate change action but couldn’t drive down all the costs by itself, a summit has heard.
- Mark Ludlow
Top silks say ICAC produced strong evidence on Berejiklian
With concerns in Canberra about the NSW corruption watchdog, top lawyers say the Berejiklian inquiry strengthens the case for a federal model.
- Finbar O'Mallon
Barclays CEO steps down as Epstein fallout spreads
Jes Staley’s departure came after UK regulators shared with Barclays the preliminary findings of their multi-year probe into what he told the bank’s board about his relationship with Epstein.
- Stefania Spezzati and Bloomberg News
All eyes on Hub24 as Praemium in play
Now that wealth platform Praemium is officially in play, watchers are turning their minds to who could follow Netwealth and come calling.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
