‘I really don’t like recessions’: NAB’s Alan Oster draws the line
The big four bank chief economist has analysed and probed every data point over nearly four decades. This is what he has discovered.
Companies
Star Entertainment receives $53m lifeline
Star Entertainment has announced it has been able to secure a much needed lifeline, as the business faced insolvency.
ASX extends falls; Polynovo plummets on boardroom drama
Troubled Star finally strikes Queen’s Wharf deal, saves 2700 jobs. Insignia soars as Bain, CC Capital lift offers. PolyNovo’s internal turmoil trims under-scrutiny chair’s fortunes as shared sink 13pc.
Three key things to do for Alfred compo
Insurance companies say there are three key things Aussies in the firing line of Tropical Cyclone Alfred need to do.
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250 jobs lost, 51 stores shut as brand folds
The retail chain suddenly collapsed and now liquidators have revealed what’s next for the embattled chain.
Why this CEO is bracing for Alfred’s aftermath
Cleanaway will have its work cut out in coming days and after being caught out in the last floods, this boss is not taking any chances.
Huge holes in tech anti-terrorism checks
Radical and abhorrent content on the all-powerful social media platforms is slipping through a series of gaps, a new Australian report finds.
ASX 200 slumps; Star close to Queen’s Wharf deal
Casino operator’s deal with Hong Kong partners to help avoid administration. Ex-dividend trading, oil price slide weigh on bourse. Insurers face $2bn-plus hit from Cyclone Alfred. APRA moves to tighten financial board rules.
New apartments up but housing target lags
Housing approvals rose to a new record high in January largely off the back of new apartments being built across NSW, official figures show.
Job cuts hit major Aussie bank
Australia’s biggest bank is expected to cut more than 100 jobs from its technology division.
Why Cyclone Alfred is a meteorological mongrel
Cyclones are not all made equal and the 300km system off the Queensland coast is shaping up to be a monster.
Airlines clear out of Brisbane Airport ahead of cyclone crossing
Airlines are deserting Brisbane Airport as Cyclone Alfred approaches, with flight cancellations soaring into the hundreds.
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