There’s a lot to be optimistic about in 2025: Citi Australia
Mark Woodruff, the local boss of US banking giant Citi, says market conditions are turning positive for the coming year.
Victoria Business
Struggling glove maker lays out path to resurrection
The board of pandemic market darling VIP Gloves has laid out a plan to resurrect the company, which crashed from huge profits to huge losses in a short period.
Melbourne local Business Gala Awards celebrated at The Langham
Guests have flocked to the inaugural 2024 Melbourne Local Business Gala Awards, held by Precedent Productions, at The Langham this week. See the winners of each category.
NextDC-backed cloud provider turns takeover target
An underperforming cloud services provider one third-owned by NextDC has found itself the target of competing takeover bids.
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WiseTech’s board confronts tough choices with White
The billionaire founder of WiseTech Global, Richard White, has the backing of his board but there are active discussions about the chief executive taking leave from the tech major.
WiseTech chair to hold ‘meeting blitz’ over White saga
Richard Dammery will talk to large investors and proxy advisers next week, following recent revelations about the private life of WiseTech founder Richard White.
SkyCity to cop big hit after losing SA tax fight
SkyCity will be on the hook for as much as $38.4m after losing a dispute with the South Australian government over the taxation of loyalty points.
How Blackstone became an ‘AirTrunk believer’
The New York giant was dabbling with some sheds with ‘some power on the side’ but two lessons paved the way for its bumper acquisition.
Oil, debt and China: A trifecta of threats to global recovery
For Citi’s New York-based global economist, Nathan Sheets, the difference between a recovery and global recession are finely balanced.
Inflation outlook ‘well anchored’: RBA
A top Reserve Bank official gives a strong indication the central bank could be preparing the way for an interest rate cut.
Businesses’ late bill payments at their worst since Covid
Late payments by businesses are at their highest level since the depths of Covid-19, and it’s the hospitality and construction sectors faring worst.
Gupta looks to offshore hundreds of millions to save his empire
Hundreds of millions of dollars on the books of one of GFG Alliance’s Australian subsidiaries could be sheeted home to prop up the ailing parent company, which owes $950m to creditors.
Macquarie’s new lighthouse is all about the AI boom
Investment bank Macquarie wants to build another AirTrunk, and the infrastructure supporting the tech revolution sits at the heart of its plans.
Inside John Gillam’s renovation rescue at Lendlease
The former hardware boss believes Lendlease can get its glory back. This involves ‘the right kind’ of risk.
Original URL: https://www.dailytelegraph.com.au/business/victoria-business/page/24