Time to stop passing the buck
Treasurer Jim Chalmers needs to take a close look in the mirror to see the real reason Aussies are doing it tough.
Victoria Business
The evil of inflation deepens
A nasty new edge to the pain of inflation has emerged in recent years, widening the gap between the haves and the have nots.
Probe into SkyCity’s Adelaide casino licence back on
The independent investigation had been put on hold while the casino operator finalised its money laundering penalty with regulator Austrac.
Time for investors to use their (real) brains
The rise of AI and swollen valuations of the Nasdaq ‘Magnificent Seven’ mean it’s more important than ever for investors to think carefully, says Tim Boreham.
Indian tech giant’s Australian push
It’s the software giant that you’ve probably never heard of, but Zoho has ambitious plans to take on its tech rivals, with Australia emerging as a key market.
Costello’s exit exposes deeper crisis at Nine
Nine is now moving toward full-blown crisis mode as the media company lacks the authority to deal with its deep-seated cultural issues.
Austal tells Hanwha to put up or shut up
If Korea’s Hanwha is so confident of getting its bid over the line it shouldn’t be concerned about stumping up a break fee, Austal is understood to believe.
$45 Virgin flights: How Aussie families can score a cheap holiday
Australian families can save hundreds of dollars on their mid-year school holidays, with the prices of 300,000 Virgin flights slashed. See the full list.
Economy sick, Labor at fault
The GDP numbers were about as good as a truly awful lot of numbers about a dreadful state of play can be.
Bank merger eyed to combine $17bn in assets
Beyond Bank Australia, P&N Bank and BCU Bank are set to be combined under a plan unveiled as “a merger of equals”.
GDP pain: why we’re already in a two-year recession
By one key measure, Australia is battling through a long-running recession, and new economic numbers suggest it’s getting worse.
Hacked e-script provider MediSecure in administration
The e-script provider, which last month revealed it was the victim of a large-scale data breach, has collapsed into administration.
Why the big four banks’ bullish run is looking wobbly
They’ve starred on the share market in 2023-34, but shares in CBA, ANZ, NAB and Westpac look set for tougher times. Here’s why.
Med tech millions tied up in red tape
The Therapeutic Goods Administration is not ushering home grown technology to the front of the regulatory queue, Additive Surgical says, putting millions in revenue on hold.
Immutep to raise $100m amid Merck collaboration
The biotechnology company will team up with Merck on a lung cancer trial after announcing it would also raise $100m in new capital.
How can companies live beyond 100 years?
Longevity in organisations is rarer than you think. Here are some of the habits of healthy old companies.
Packer’s verdict on Nine crisis: Costello is a dud
Following a torrid fortnight at Nine, James Packer – whose family history will forever be linked to the media giant – has taken a swipe at chairman Peter Costello.
Holy guacamole: Can Guzman hold its spicy IPO price?
The Tex Mex upstart says it has cracked the secret sauce for success but with shares set to be more expensive than Domino’s, will investors get bang for their big bucks?
Beston loses two directors
The struggling Beston Global Food Company’s board has been whittled down to just three directors after two board members resigned.
CEO ‘not aware of culture issues’, Nine staff told
During a ‘solemn event’, Mike Sneesby addressed some of the network’s biggest stars as Karl Stefanovic said ‘men need to do better’ at Nine.
How to make everyone’s pain your gain
These lucky 13 ASX giants are making big profits, if not friends, so maybe it’s a case of ‘if you can’t beat ‘em, join ‘em’, says Tim Boreham.
Fate of more than 20 Miniso stores hangs in the balance
More than 20 Miniso stores across the nation are in administration, with insolvency experts looking for a rescue plan.
Shell chasing Woodside for millions in clean-up costs
Shell is chasing Woodside and British firm Paladin Resources for more than $80m in clean-up costs for the abandoned Northern Endeavour platform on the North West Shelf.
Copper prize awaits for BHP
Anglo’s rejection of BHP was quite simply moronic, and now the ‘Big Australian’ can simply step back and watch as its smaller rival implodes.
‘Small bump’ might have pushed BHP bid over the line
BHP’s bid strategy for Anglo American has been called into question, with one shareholder saying a modest increase in the offer might have tipped the scales in mining giant’s favour.
McCrann: Kiss rate cut goodbye
Australians doing it tough can kiss goodbye any chance of an imminent interest rate cut after Wednesday’s higher than expected inflation figure.
Top 10 for mortgage arrears: is your area among worst?
Sydney dominates the top 10 list of areas where investors are struggling, while parts of Melbourne also have their problems, S&P Global says.
Why rates limbo might soon end
Dismal retail sales data would usually lead to widespread speculation of an interest rate cut at the mid-June meeting. But not this time. Here’s why.
War gaming US election is now a market obsession
Whether it’s Joe Biden or Donald Trump who wins the US presidential election this year, the world is about to change dramatically for investors.
Telehealth company snags $20m investment
Bailador Technology Investments has made a significant bet on a digital healthcare platform which provides telehealth services.
Sexual assault scandal rocks Country Road
A senior executive at the company has been forced to resign after allegations of repeated harassment of staff members while the chief executive has been accused of protecting his friend.
Whyalla blast furnace restarts after weeks out of action
The blast furnace at the Whyalla steelworks has restarted after several weeks out of action, while steelmaking should begin again next month, GFG Alliance boss Sanjeev Gupta says.
Neuren shares rocket on trial results
Neuren Pharmaceuticals’ trial of a treatment for the rare Pitt Hopkins syndrome has delivered encouraging results, sending its shares sharply higher.
Healius to sell imaging division
Healius has put its Lumus Imaging division on the market with bids ranging up to $800m tipped.
Best offer bungle costs power retailer ReAmped $370k in fines
Energy retailer ReAmped Energy has been hit with $370,000 in fines for failing to tell customers they could save money by switching to a better deal.
Caravan maker Highline collapsed with no cash in bank, $1.1m debt
Melbourne caravan maker Highline Caravans went bust owing more than $1.1m but its liquidator has found no cash in the bank and just $10,000 in other assets in a major blow for creditors.
Overseas shares shine: the top markets for your money this year
Investors are flocking to international shares as global stocks leave Aussie companies in their dust. See where we rank in 2023-24.
Lendlease’s grand plan to bring $4bn back home
The Lendlease boss Tony Lombardo is expected to take a significant step towards reshaping his pressured property play.
BHP’s CEO needs to avoid facing his own ‘Origin’ moment
There’s a number of Anglo investors who believe the land grab for ‘red gold’ gives the miner a powerful bargaining chip.
‘Pulp Fiction’: Playboy gold dealer’s theft and scam empire
Jetsetting jewellery dealer Alex Mendieta-Blanco was famous for having Delta Goodrem at his party. But he was also convicted of a scam worth up to $1bn. This is how his empire worked.
Bank branch closures: tougher new plans to stop the pain
Regional Australians worried about banks deserting their towns may get a lifeline from a new government report.
AI now putting medical trials … on trial
Medical trials are as expensive and time consuming as they are vital. But AI has emerged that might well be able to predict results, says Tim Boreham.
How Bendigo is finding its inner challenger to the big banks
Marnie Baker has a plan that will give the regional bank a chance to be all things to customers – and shareholders.
How the mines BHP rejected forged their own path
Nearly a decade on from the messy divorce from BHP, South32 has rebuilt itself. What are the lessons for Anglo American?
Key causes of money fights, and how to stop them
Money conflicts aren’t always the root cause of relationship breakdowns but they flare when tensions are high, and experts say there are ways to navigate around this hazard.
A painful warning for economy in Telstra’s job cuts
The telco’s move signals the era of ‘jobs hoarding’ across corporate Australia is finally reaching its end.
Telstra job cuts AI’s first wave
Telstra’s job cuts are brutal, but it’s a sign of things to come for the wider workforce as the AI tsunami looms.
Sonic Healthcare hits profit headwinds
The pathology and radiology provider has cut its annual profit forecast by more than $100m, with inflation and currency headwinds taking their toll.
Meet Victoria’s most successful Macca’s franchisees
Australia-wide, 85 per cent of McDonald’s Australia’s restaurants are owned and operated by local businessmen and women. Here, we chat to four of Victoria’s most successful.
Blackout risk rises for Victoria
Victoria faces a heightened risk of electricity blackouts this summer amid major delays in rolling out new transmission lines and renewable projects, the nation’s energy market operator has warned.
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