What REA learned from BHP’s London stalemate
Investors are now putting pressure on Rightmove’s London board to take a seat at the negotiating table for the $11bn offer.
Economics
$44bn debt bill equals cost of NDIS
State governments are expected to borrow more than $100bn this financial year to cover the surge in public spending, with just under 60 per cent of new state and territory debt to be issued by Queensland and Victoria.
RBA to again deny rate cuts to borrowers
Despite the world’s most powerful central bank delivering a super-sized cut and the likelihood of local inflation falling to a three-year low, economists expect no change to the cash rate.
Care economy jobs surge, construction static
Builders warn they are falling drastically short of workers as growth in care economy jobs has been 70 times faster than the rise in construction sector roles in the past two years.
Office orders spark new war in the workplace
While Amazon and Tabcorp’s work from home era is drawing to a close, some are only just getting started, saying flexibility makes staff healthier.
Jobs jump gives RBA cause to hold line
Australia’s jobs market gained a bumper 47,500 new roles last month, locking in expectations that the Reserve Bank will keep interest rates on hold for the rest of this year.
Know when to hold ’em, know when to hike ’em
Michele Bullock insists she won’t succumb to peer pressure. Just because the US Federal Reserve and other central banks have cut their key interest rate doesn’t mean the RBA is going to follow suit any time soon.
What the US interest rate cut means for you
The US has cut official interest rates for the first time in four years, but don’t hold your breath for Aussie cuts to come quickly.
Will the Fed push Australia to take the rate plunge?
The coming months will mark a test over Australia’s bet on so-called “dovish” rate hikes.
US Fed goes with bolder 0.5 per cent rate cut
Chairman Jerome Powell’s hoping the bank’s first rate cut since 2020 will prevent a gradual cooling in the labour market from turning into a deeper freeze. Stocks closed lower after wild swings.
Superannuation for housing plan ‘to hit homebuyers’
Coalition proposals to allow people to withdraw superannuation for a home deposit will worsen the housing affordability crisis, a report by economist Saul Eslake says.
Business and Canberra misalignment bad for Australia: KPMG
KPMG Australia says division between big business and the political class in Canberra risks further weakening in productivity and could force more companies to invest where they feel wanted.
RBA prioritises wholesale central bank digital currency
The Reserve Bank and Treasury have started a three-year digital money work plan to look at opportunities to uplift the efficiency, transparency and resilience of wholesale markets through tokenised money and new settlement infrastructure.
Growing number of Aussies falling behind on mortgage
Moody’s Ratings says mortgage delinquencies will continue to rise as Australians are squeezed by inflation and interest rates.
Hospitality smashed as payment defaults soar
Business payments defaults are at a record high and credit reporting bureau CreditorWatch says a ‘perfect storm’ of conditions is on the way for the hospitality sector.
Hagger, Debelle to advise swelling billionaire ranks
Andrew Hagger has joined with former Reserve Bank stalwart Guy Debelle to establish an advisory firm for ultra-wealthy families, as the number of Australian billionaires swells.
Trust between bosses and Albanese takes a hit
CEOs felt they went the extra mile by investing up big for Australia, only to be ambushed on industrial relations.
Get back to the office, Tabcorp’s new boss orders staff
Tabcorp chief executive Gillon McLachlan says he expects staff to attend the office five days a week, putting an end to the Covid-era work-from-home phenomenon for the wagering giant.
Reserve Bank must avoid ‘groupthink’
Although reforming the interest-rate setting board of the RBA has stalled, a former senior manager says there’s still a good reason to reignite the process.
Gen Z hardship soars as financial woes bite
Young Australians are being hammered by an unaffordable housing market and widespread cost of living pressures as loan arrears surge in the past year.
Original URL: https://www.theaustralian.com.au/business/economics/page/10