Australia’s stock market could post its best year in over a decade as a commodities boom and a rapid rebound in the domestic economy push shares higher.
Australians still overwhelmingly support investment and tourism from China despite increasingly frosty relations between the two countries.
China, inflation and wage growth all loom as potential treats in the long-term despite Australia’s short-term successes, warns former RBA board member and economist Bob Gregory.
Hedge funds are bullish on the Australian dollar, and two key events this week may vindicate their convictions.
But a group powerful enough to challenge the supremacy of the tech titans is on the verge of taking action.
Ben Steverman, Laura Davison and William Horobin
Wine, coal, barley, beef – there’s a growing laundry list of exports hit by the trade war with China, but years of inaction have made a bad situation worse, businesses say.
BlackRock chief executive Larry Fink says investors may be underestimating the potential for a spike in inflation.
Covid-19 has made mental health an immediate concern for business owners, including one fed up Melbourne restaurateur with six venues going through a fourth lockdown.
ASX rising, US markets mainly up. Bid lobbed for Tabcorp.
David Rogers,Elise Shaw
ASX 200 set for flat start as US markets hold steady. Retail stocks, Energy higher.
South Australian exporters are off to a flyer, with the best start to the year on record.
There’s more jobs than before the pandemic, but payrolled employee number is down.
ASX fades, Bitcoin drops, China, iron ore slide put miners under pressure
Australia desperately needs a co-ordinated, federal plan for the transition to electric vehicles, or we risk a regulatory nightmare and a massive infrastructure backlog.
Financial institution Beyond Bank says its ongoing struggle to fill up to 70 roles, offering salaries from $60,000-$130,000, is an indication of Australia’s ‘war for talent’.
Virtually every business in the nation will benefit from a huge tax break package, while a new umpire will mediate debt disputes between the ATO and some companies.
The federal government’s has resisted the temptation to bring forward its third stage of tax cuts, but some workers will benefit from a $1080 boost.
Australia’s post-COVID economic recovery has exceeded the Reserve Bank’s most optimistic expectations, according to RBA deputy governor Guy Debelle.
Australia could be $210 billion better off over the next 20 years if the country speeds up the shift to a digital economy, the Business Council of Australia says.
The feared destruction of the Chinese wine export market has come to pass, with the first full quarter of wine export figures showing crushing tariffs have done their job.
The Australian Bureau of Statistics said the consumer price index rose 0.6 per cent in the March quarter for an annual rate of 1.1 per cent.
Iron ore exports are predicted to bring in $2.3 billion to WA over the next four years, however Perth MP Patrick Gorman says the pandemic had revealed a clear need for economic diversification.
The HomeBuilder construction boom has created a “ticking time bomb” as surging costs of material and labour cuts profit margins in the building sector to the bone.
CITY BEAT Glen Norris
© West Australian Newspapers Limited 2020