In 2022, Centennial Coal sold shipments of coal to international buyers rather than meeting supply agreements for the Eraring power station, triggering upheaval in Australia’s energy market.
An earnings miss; a watered-down outlook; and an effective dividend cut. It was a rare trifecta of negatives for the bank. Who’s game to bet against it?
Had political history gone another way, the puckish insurer may have never got off the ground. But this made it determined not to be an ordinary health fund.
Australian retail sales stalled in September, with fresh data suggesting shoppers opted to save, rather than spend, the additional income they received from Labor’s overhauled stage three tax cuts.
Amid heightened focus on the US election, NAB’s economics team concludes there could well be more downside than upside risk to US economic growth from Donald Trump’s policies.
Brace for a big week when the RBA announces its latest rates decision just as Australians are glued to the nation’s biggest horse race while Americans vote in a world-shaping presidential race.
The worst of inflation is behind us but the interest-rate pain for borrowers will continue into the new year.
Inflation is declining but that’s not yet enough for the Reserve Bank to sound the all-clear and cut its cash rate, economists believe.
The new boss talks about getting the balance right with customers but deeper trust issues are already hurting the supermarket major.
Household borrowers holding out for relief will have to wait months more despite inflation hitting a 3½-year low, as rising price pressures in the services sector prevent the RBA from embarking on rate cuts.
The billionaire will be calling the shots at Myer but what does the monster Just Jeans deal mean for the department store?
The corporate regulator plans to investigate audited company reports and those who sign them off as part of its expansion of oversight into the sector.
Gold may be vulnerable to a pullback around the US election but long-term fundamentals are compelling, according to the World Gold Council’s John Reade.
Australia’s economic deterioration has led to a sharp increase in ASX-listed zombie companies who are barely staying afloat, according to KPMG.
Federal Treasurer Jim Chalmers has scuttled speculation of changes by the government to negative gearing and capital gains tax, as the market softens.
The exchange operator must fundamentally change if it wants to stay relevant. Hopefully this upheaval is the start.
Major accounting firms are collecting millions of dollars in remuneration as a growing number of large businesses collapse amid a deterioration in Australia’s economy.
The two companies once set the standard for world class engineering and manufacturing. Their troubles weaken America.
While investor sentiment is still fragile amid escalating tensions in the Middle East, risk assets still have a way to go.
Retailers are expecting tougher conditions through the all-important Christmas trading period as consumers continue to save, rather than spend, almost all of the extra income they have received from the stage three tax cuts.
Original URL: https://www.theaustralian.com.au/business/economics/page/17