‘Pathetic, appalling’: Wilson lays into Chalmers
Investment manager Geoff Wilson has lashed Jim Chalmers for making ‘disappointing’ comments about the Reserve Bank’s efforts to tame inflation.
Economics
ASX 200 ends little changed as retailers, miners fall; CBA hits record
Consumer stocks down as big names Coles, Woolworths and Wesfarmers trade ex-dividend. More pain for iron ore prices weighs on mining heavyweights. Public demand tipped to drive second quarter GDP growth.
‘Too far’: ALP frontbencher’s warning to Reserve Bank
A government minister has warned the RBA against going ‘too far’ in its fight against inflation, despite Jim Chalmers denying he was attempting to influence the decisions of the independent central bank.
Labor undermining the great Australian dream
Labor has put Australia on a path to emulate the US’s corporate housing model through its ‘build-to-rent’ obsession and subsidies for super funds.
ASX 200 rises as CBA hits record high; REA, miners fall
Bank and energy gains offset declines by iron ore and gold miners. REA falls on news it is considering a bid for Rightmove. The Star suspended from trading.
Treasurer turns on RBA, says rates strategy ‘smashing’ economy
Jim Chalmers’ comments shift blame on to the central bank governor, Michele Bullock, ahead of the release of GDP data this week expected to show growth slowing to a crawl.
Tourism the key to boosting Kiwi economy
New Zealand has felt the pressure of rising global inflation more than most countries in the past year, but boosting tourism numbers could be one way to speed up a recovery.
Bigger is better in tough times
A ‘winner takes all’ theme is playing out within the economy, with big listed businesses proving more successful in pushing through challenging conditions.
Business gets serious about Southeast Asia
Historically, Australia has been geographically isolated from the world’s major economic hubs, relying on our relatively small population to drive the economy. That situation has changed.
Celebration or desperation – will markets lift on US rate cuts?
It’s not a question of whether the US Federal Reserve chairman Jerome Powell will announce a cut in interest rates, but rather why.
Tax cuts banked in two-speed economy
Population, public spending, trade and the mining states are keeping the ailing economy afloat.
The trifecta needed for a rate cut on Melbourne Cup Day
The first Tuesday in November annually marks two momentous occasions: the running of the Melbourne Cup and the RBA’s announcement whether it will move the official interest rate.
The wealth taxes wanted by Harris and Chalmers
Wealth taxes are back on the agenda and targeting unrealised gains is a key feature of new policies, both at home with Jim Chalmers and aboard with Kamala Harris.
AI all the rage but canny picking still comes out on top
As a team from AustralianSuper prepares for a US fact-finding mission on AI, equities boss Shaun Manuell says the post-reporting season fragile market will return to normality.
Why top investment managers are focused offshore
Wall Street and China are the top targets for sharemarket investors as small-cap stocks move up to take first place among this year’s favourite sectors.
Bunnings is Wesfarmers’ biggest strength and weakness
Rob Scott’s conglomerate will be tested when gravity finally catches up with the hardware juggernaut.
How long can Qantas boss keep it all in balance?
CEO Vanessa Hudson will find it harder to keep everyone onside as she navigates the end of the post-Covid-19 travel boom.
Retail recession a ‘horror show’ for Australian businesses
A retail recession in Australia shows no sign of ending until the RBA offers struggling households mortgage relief, as a growing number of businesses shut up shop.
Greens ‘just seeking attention’ with tax plan
Jim Chalmers has dismissed the Greens’ $514bn corporate tax grab as a “policy designed to get attention”, while asserting that Labor is determined to ward off minority government and avoid any deals with left-wing minor party at the next election.
Inflation rate is still too high for RBA to ease off
Australia’s inflation rate remains too high for the Reserve Bank, but a slightly higher than expected CPI indicator for July doesn’t change the fact that underlying inflation is coming down.
Original URL: https://www.theaustralian.com.au/business/economics/page/27