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.
Economics
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.
OECD slashes growth forecast on global unrest
Australia’s growth forecast for next year has been downgraded as volatile international economic conditions fuelled by Donald Trump’s tariffs threaten to stoke global inflation, a new OECD report reveals.
Getting the band back together: Behind banking’s extraordinary day
A series of cascading executive moves in one day, including a high-profile defection, are reshaping the top of the nation’s banks.
How to survive the thud as gravity drags Wall Street
The extraordinary price action among investments as diverse as bitcoin or Telsa had to come to an end, and here’s why.
Search for economic security in trade war a loud wake-up call
Australia’s economic policy architecture remains ill-prepared for a more fractured, contested and shock-prone world. Whether we like it or not, we need to construct our own variant of whatothers have called the economic security state.
Agribusiness dishes out hard lessons from tariff pain
Throughout the history of food trade, tariffs have followed. That’s why its worth listening to the cooler heads at the farm gate.
Divvy up of GST puts the heat on Chalmers
The Treasurer faces a backlash from his own state after its GST allocation was slashed by $2.4bn.
Super scare: As markets tumble, is your super setting OK?
Sharemarket turmoil and a grim outlook for investment returns is prompting many to question what effect all this will have on their superannuation.
Retaliatory tariffs a ‘Dumb and Dumber’ move
‘Anything over 300km should be on a rail’: NFF boss hits out at supply chain standards. ‘The government is right and Bill Shorten is wrong’ on retaliatory tariffs: top economics adviser. Will consumers pay $8 for coffee?
Engage with world rather than hit back at US, says Westpac boss
Westpac chief executive Anthony Miller says the best answer to Donald Trump’s tariffs is to engage more with the rest of the world, rather than a retaliatory response to the US.
Tariff trauma’s personal for NAB chief Andrew Irvine
The boss of big-four bank NAB has more skin in the game than most in Donald Trump’s tariff war. There are also lessons for Australia out of this.
Super industry is ‘not equipped’ to meet retirement demands
Setting up a super system for the accumulation phase is easy compared with the demands of supporting members in retirement, an industry expert says.
China’s thirst for dairy a boon for our farmers
Cream, cheese, yoghurt and milk are increasingly finding their way into Chinese shopping trolleys, which creates a significant opportunity for Australian dairy producers.
Taylor slammed for ‘weakest opposition policy in living memory’
Angus Taylor’s claim to have unveiled 34 economic polices in this term of parliament extends to taxpayer-funded mental health sessions, regulating vaping, increasing student visa costs, investing in ovarian cancer research and reducing the refugee intake.
Markets brittle as global trade war worsens
It’s clear US President Donald Trump isn’t backing down from his aggressive trade policies despite sharp drops by stockmarkets, meaning shares could be in for even bigger falls.
ASX dips; Aus should focus on Asia after US tariffs: Westpac
Australian stocks turn down after an early rise. Morgan Stanley cuts ratings on Australian stocks. Nine appoints Matthew Stanton as CEO. ACCC finds issues with DP World’s acquisition of Silk. Boss buys stake in uranium player.
ASX sinks; warnings consumers will cop tariff hit
Investors wipe $36bn off the local market and push the ASX 200 to the brink of a “correction” as Wall Street tumbles continues to tumble. No exemption for tariffs on Australian steel, aluminium sent to US. Corporate regulator sues super giant.
Coalition confusion as Dutton targets insurers
Peter Dutton has intensified his threat to break up major insurers for anti-competitive behaviour, as the opposition messaging on its forced-divestiture policy appears increasingly muddled.
Property scion’s parting shot at Victoria as tower plan dumped
The Tarascio family has sold off a prime Melbourne site where it had planned a luxury tower for more than a decade, as financial conditions in Victoria sour.
Cracks starting to appear in Trump’s economy
If the first casualty of trade wars are markets, Donald Trump’s tariffs are a stunning form of economic self-harm.
ASX 200 trims falls; tech stocks pummeled
Australian stocks trimmed half of a sharp intraday fall as US futures rebounded after recession fears hit Wall Street. Brookfield begins Healthscope sale process. Brickworks takes a writedown on US operations. Polynovo shares drop after CEO sent packing.
Uneven fight: Can this green banker win against Trump?
It’s the most uneven match up. Canada is betting it all on a former central banker with almost no political experience to take on Donald Trump’s tariffs.
ASX 200 edges higher; Star’s hotel sale ramps up
Salter Bros understood to be leading race for Star’s Sydney hotel, as casino group reviews Bally’s last-minute offer. Stocks lift from six-month lows. Energy sector leads gains. Johns Lyng dives.
Inside the mission to pull Star casino back from the brink
Project Antares was the radical plan CEO Steve McCann had quietly been working on for months. It fell into place just as the casino was about to run out of cash.
We need productivity on the election agenda
With Australia’s productivity performance in recent years dismal, policymakers should focus on areas of reform that could help to lift productivity and support new growth engines.
Original URL: https://www.theaustralian.com.au/business/economics/page/4