Tariffs won’t derail ‘golden era’ of US: Blackstone boss
The powerful Wall Street investor says markets need to hold their nerve and focus on the long term opportunities powering the world’s biggest economy.
Economics
Landbank row sparks housing fear
Moves to restrict the practice of land banking could catch out some of the biggest contributors to the nation’s housing supply.
How Macquarie has long moved on from AirTrunk
Investment bank Macquarie is about to crack the $1 trillion mark in assets under management, pitting it against some of Wall Street’s biggest names.
‘Irresponsible’ budget slammed by business chiefs
Labor’s pre-election budget has failed to hit the mark and senior business leaders such as Wesfarmers chief Rob Scott say it was a missed opportunity to boost productivity.
Rate cut unlikely despite inflation drop
The Reserve Bank is unlikely to deliver a second consecutive rate cut when its new board meets next week, keeping the cash rate at 4.1 per cent.
Whyalla ‘off-budget’ spend conceals the creep
Jim Chalmers plans to spend almost $85bn ‘off-budget’ over the next four years, adding to gross debt.
Global uncertainty is the biggest threat to Treasurer’s plan
The big threat to the Australian government’s budget isn’t necessarily domestic but rather the rapidly deteriorating outlook for the world economy thanks to erratic US economic behaviour.
‘No coherent strategy’: business reaction to Chalmers’ tepid budget
Labor has flagged sluggish mining growth and steep falls in business investment with leading business groups saying that calls for action rather than an ‘almost random list of largely unrelated announcements’.
Hollow Treasurer runs from an almighty tariff fight
Jim Chalmers may have declared victory on the economy but after four budgets there’s plenty of risks and few answers to Australia’s big challenges.
10 things investors need to know about the budget
From selling and buying property to pension entitlements, super, student loans and tax, the devil is in the detail here.
Mid-small stocks a rare success for active funds
Data shows most active fund managers underperform their benchmarks, so the average person is actually better off investing passively with index funds or ETFs.
‘Top-heavy’ bureaucracy needs efficiency, not cuts
The federal bureaucracy is ‘too top heavy’ and some of its employees are overpaid, the former head of the nation’s public service watchdog Andrew Podger has said.
Labor-targeting teal vows to oppose AUKUS
The federal seat of Fremantle is home to the shipyards that stand to attract more than $10bn of investment under AUKUS but teal candidate says she will oppose the ‘crazy’ deal.
Potential for milder ‘Liberation Day’ Trump tariff hit lifts futures
The so-called Trump put option may not be completely dead after a report that US tariff announcements next week would be narrower in scope than the US President has threatened.
Chalmers’ budget to set the battle lines on housing and super
The Albanese government isn’t finished with its pre-election moves to prove to voters it has distinct ideas on housing and superannuation.
‘Courageous’ solutions to lift our economic game
A philanthropically funded organisation has been established to provide new market-oriented solutions to lift Australia’s economic game.
Taylor delivers zilch in a policy-free outing
Angus Taylor has been unable to say whether the Coalition would increase defence spending, repeal price caps on coal and gas, or by how much it would reduce net overseas migration.
RBA dismisses Labor on full employment
Reserve Bank economists are internally dismissing a political push to substantially alter their assumptions about the inflationary impact of the jobs market, threatening a fresh conflict with Jim Chalmers.
Chalmers’ bull run of optimism for budget includes call to private sector
Jim Chalmers’ budget next week will include bullish forecasts around dwelling and business investment, as the government expands its housing plan to $33bn in a bid to woo first-home buyers.
Is Solomon Lew breaking up with fast fashion?
The retailing billionaire offers clues over his next big bet. This time, apparel is likely to be left on the rack.
Competition best served by stopping mergers
The ACCC is likely to block Qube’s proposed vehicle terminal merger, which is a good example of how best to boost competition before industry gets too concentrated.
Stocks rebound but tariffs loom
The post-Fed meeting rise in shares may say more about market positioning than the interest rate outlook, as trade war prospects threaten economic growth.
Politically charged supermarket probe ends with a whimper
The ACCC’s supermarkets inquiry was always a political solution to a cost of living crisis that the Albanese government had been woefully slow to recognise.
Dutton muddies the waters on migration
The Opposition Leader has further confused the Coalition’s pledge to slash migration, amid discontent within Coalition ranks about its slim economic policy offering.
Trade war will test US exceptionalism: Orbis
Contrarian investor Alec Cutler thinks US exceptionalism will be put to the test as markets increasingly realise that Donald Trump now cares less about the stock market and economy.
RBA ‘undeterred by employment drop’
Despite a shock fall in employment in February, the central bank is unlikely to deliver back-to-back rate cuts.
WiseTech’s Richard White is now untouchable
If the WiseTech boss was another chief executive, he’d be long gone. Instead, a weak board had delivered a predictably weak response to his actions.
Consumer rebound here to stay, says RBA
A recent revival in household consumption is set to last, the Reserve Bank’s chief economist Sarah Hunter says, even as some economists say spending growth might have been driven by heavy discounting.
Gupta can’t hide financial secrets from Whyalla mess
OneSteel was never really a business under Sanjeev Gupta’s ownership. Steelmaking was just a by-product of the magnate’s financial engineering.
Gupta ‘stonewalling’ Whyalla steel probe
Administrators will turn their investigation to the ‘complex web’ of deals between the magnate and the collapsed steelmaker.
Original URL: https://www.theaustralian.com.au/business/economics/page/3