Trump gambles on oil in new financial shock
Traders have so far taken the stress of geopolitics in their stride. However, Donald Trump’s bombing of Iran will jolt markets from their complacency.
Economics
In a landscape of giants, the mid caps hold most promise
Franklin Global Growth Fund’s Patrick McKeegan foresees promising signs for stock pickers as the market breadth widens beyond the tech giants.
The Nuno Matos revolution has just begun at ANZ
Expect more upheaval to come at ANZ following the exit of the one-time Google Australia boss. A new CEO is in town and on a mission to lift the perennial number four bank.
Jobs boom running out of steam
A slowdown in government-backed hiring could drag on job growth, economists warn, as the economy recorded a surprise decline in employment in May.
Jim calls spade a shovel on the road to reform
Jim Chalmers has revealed a bold ambition for major tax and economic reform. The question will be how much political capital Anthony Albanese will extend to deliver it.
Builders lobby Treasurer Chalmers for tax incentives
Tax incentives should be given to builders who meet industry standards to help raise competition and investment, drive productivity and reduce the cost of building, says the MBA.
Chalmers admits his budget is not sustainable
Jim Chalmers has vowed to ‘reform from the centre’ to drive productivity growth and fix a budget he admits is not sustainable, as he lays the groundwork for a new economic agenda
Santos board must have rocks in their heads for energy sellout
They can’t be serious. The Santos board rushing to sell Australia’s energy future at an uninspiring price is short-termism at its best. This will be lucky to pass the national interest test.
Shaken by tariffs and rattled by war, economic uncertainty rolls in
Fear of a protracted Middle East conflict has put investors and business leaders on edge as the Fed faces pressure from President Trump to cut rates despite the prospect of increased oil prices.
Investors could face a decade of low sharemarket returns
A top fund manager argues too many investors are exposed to the S&P 500, which risks delivering poor returns. Here’s where you should put your money instead.
Complacent markets need to wake up and smell the propellant
Israel and Iran are on the precipice of all-out war, yet markets aren’t factoring in the likely shockwaves on oil supply and renewed inflation risks, fund managers say.
Bosses demand tax reform as a priority
Business leaders and economists will demand changes in taxation and planning approvals at Anthony Albanese’s productivity roundtable, but the PM’s close adviser says expectations should be adjusted.
As markets hit records, what’s next for stocks after ‘hated’ rally?
It could feasibly be one of the most reviled sharemarket rallies since Covid-19 swept the globe but investors who didn’t panic sell during the February-April drop have done very well.
Progressives take key PS positions
Revealed by Anthony Albanese, the public service shake-up will see Steven Kennedy elevated to lead the Department of Prime Minister and Cabinet.
Labor’s super tax ‘is open to manipulation’
Auditors have raised concerns about the manipulation of property and farm valuations in preparation for avoiding Labor’s unrealised capital gains tax.
ASX soars to record amid strong demand for CBA
Investors push ASX to record amid US and China trade talk hopes. CBA continues to find strong support. ASIC secures four guilty pleas in Telegram ‘pump and dump’ action. Monash IVF shares tank after second embryo mix up.
‘We’re watching’: Financial cop drafted to fight tobacco wars
Australia is becoming a haven for dirty money and much of it is coming from offshore. The boss of Austrac is fighting back.
Seize lesser of tax evils, Liberals urged: ex-RBA board members
Liberal Party supporters and former Reserve Bank board members have implored the Coalition to negotiate with Labor on an unrealised capital gains tax.
Musk feud: Tesla has more to lose while Trump wields the power
EV maker Tesla’s board, headed by Australian former Telstra executive Robyn Denholm, needs to rein in its out-of-control chief executive.
RBA upbeat on China’s willingness to do what it takes on growth
Two high-profile visits to China by senior Australian central bank officials have returned a verdict of confidence that the Middle Kingdom remains well-placed to ride out the upheavals emerging from Washington’s haphazard approach to trade policy.
Our short-lived trade surplus with America gone
Australia’s fleeting trade surplus with the US this year has reversed back to its long-term deficit, handing Anthony Albanese the opportunity to step up his fight against Donald Trump’s tariffs.
Faith in flying banking sector over miners a risky move
Australian banks have outperformed the miners since late 2023 but Citi believes having too much emphasis on the financials could pose a ‘material risk’ for investors.
GDP growth slide makes rate cuts likely
Jim Chalmers’s hopes for a private sector-led economic recovery have been dampened by weak business investment, zero productivity and low economic growth, putting more pressure on the Reserve Bank to cut interest rates.
Albanese leaves door ajar to super tax compromise
Anthony Albanese has left open the chance of rewriting his proposed superannuation tax reforms to strike a deal with the Coalition that would sideline the Greens.
‘Cut the red tape’: OECD takes dim view on growth
Economists from the ‘big four’ banks have cut their growth expectations for the first quarter of this year ahead of official figures released on Wednesday.
Rush to sign petition against ALP gains tax
A petition against Labor’s unrealised capital gains tax has achieved more support in its first few days than the petition he launched to successfully take down Labor’s franking credits policy in 2019.
FWC tipped to rule $32 pay rise
The Fair Work Commission is expected to issue an inflationbeating pay increase of around 3.5 per cent in its annual wage decision on Tuesday.
Industry captains pool their resources
Concerns over softening private capital expenditure and growing red tape have brought 23 peak industry bodies together to plan a co-ordinated response on productivity.
Our politicians don’t have a monopoly on nation building
This low-profile, but ambitious, project has the potential to transform the economy. And there’s not a politician in sight.
Why Australia’s spending gap on R&D is a travesty
Australia isn’t living up to its investment potential says Australia-based Tesla chair Robyn Denholm, and the lack of focus on this is a significant concern.
Original URL: https://www.theaustralian.com.au/business/economics/page/3