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.
Economics
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.
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.
Anglo risks getting caught in the four traps it set for BHP
BHP boss Mike Henry has publicly moved on from Anglo American but the London-listed former target remains even more vulnerable.
Philippines’ deal shows Macquarie model in action
It’s not yet an AirTrunk, but Macquarie is looking to get on the ground floor with another digital infrastructure investment in Asia.
Coalition MPs press Dutton for vow on tax cuts
Coalition MPs are pushing the Opposition Leader to promise generous income tax cuts at the next election, with some arguing for an adoption of the original Morrison government stage three reform.
Macquarie sees hope for infrastructure deals
Macquarie sees signs of a pick-up in infrastructure deals as interest rates start to come down and economic growth holds up better than expected.
Renaissance man Healy’s Judo move to mental health
Judo Bank founder Joseph Healy, who lost his son in tragic circumstances, plans a start-up whose centres offer a full range of mental health services.
‘Basket-case’ economics has new state of play
Australia has a new fiscal ‘basket-case’, but it’s not the Northern Territory or Victoria, according to one of the nation’s most respected economists.
Businesses bank on upgrading assets in defiance of gloom
Despite the ever-present economic gloom, new electric vehicles and hybrids are prominent among a wave of assets businesses have sought funding for, Commonwealth Bank says.
Former governors doubt Reserve Bank reforms
It’s an odd thing in a democracy that unelected central bank officials are granted unfettered economic power, however independence is viewed internationally as best practice.
No end in sight to state’s debt spiral
Tasmania’s Premier and Treasurer have declined to say when they will halt the state’s sharp descent into debt, as promises of a distant surplus appear undermined by treasury warnings.
Union blast for RBA over ‘jobs market too hot’
Union leaders have accused the Reserve Bank of signalling that ‘workers should get the sack’ after its chief economist Sarah Hunter said the labour market was still too tight and driving inflation.
Competition reform will ensure flourishing future
Imagine a future where Australian shoppers buy their products at fair prices, businesses thrive on healthy competition, and our economy stands resilient against global challenges.
Dual RBA board disappointment for Chalmers
Government plans to reform the Reserve Bank by introducing a dual-board system – one for setting interest rates, the other for day-to-day governance – have stalled and are in danger of being tossed out entirely.
Personal insolvencies set to soar as renters hit
Thousands of Australians face personal insolvencies this financial year as households dig into their savings to pay debts, a government authority says.
Wesfarmers boss defends RBA, calls on Labor to reform economy
The boss of one of Australia’s largest employers says the RBA is on track to beat inflation as he calls on the Labor government to overhaul the economy.
Original URL: https://www.theaustralian.com.au/business/economics/page/25