News
Australian dollar to spike as investors pile into ‘carry trade’
1+ hour, 48+ min ago (75+ words) Australian dollar to spike as investors pile into "carry trade'AFR The countrys $4.5 trillion superannuation sector is bracing for a further rally in the Australian dollar as yield-hungry investors pile into the local bond market lured by the so-called "carry trade....
Invest in AI to prevent ‘Uberisation’ of the economy: Charlton
13+ hour, 11+ min ago (80+ words) Assistant Technology and Digital Economy Minister Andrew Charlton says Australia must act to benefit from a $100 billion AI opportunity. The Albanese government has called for urgent local innovation to generate a potential $100 billion in wealth for the Australian economy, warning…...
ASX 200 LIVE:ASX ends down; gold miners rally on US tariffs; Lendlease falls
1+ day, 2+ hour ago (653+ words) ASX drops on Trump's tariffs; Gold stocks rally Mayne Pharma retreats as failed takeover bid hits earnings Gold pushes above $US5.1k as higher tariffs fuel demand Fisher & Paykel raises FY26 profit and sales guidance RBC flags G8 Education occupancy weakness despite cost control…...
What Australian exporters must do next after Trump’s tariff loss
3+ day, 11+ hour ago (111+ words) What are Donald Trump's options now? Will there be refunds? It is another confusing day for exporters trying to sell to the US. Here are some answers. Washington | A touch before 2am on Saturday morning, EY partner Luke Branson was awake…...
US GDP growth slows to 1.4pc, missing forecasts
3+ day, 15+ hour ago (109+ words) Data also showed the Fed's preferred measure of underlying inflation in December rose the most in nearly a year. Core PCE rose 3 per cent on an annual basis. Washington | The US economy grew less than expected at the end of…...
‘Tipping point’: Chalmers warned on 30-year productivity slump
5+ day, 8+ hour ago (64+ words) The Productivity Commission has also called for a renewed focus on what businesses invest in and how they invest, supported by regulation that promotes R&D. Wesfarmers chief executive Rob Scott has warned that Australia is at a tipping point on…...
Australia faces two decades of budget deficit
5+ day, 12+ hour ago (116+ words) The combined spending of federal and state authorities has risen to about 38 per cent of GDP and the trend won't get better any time soon. Deteriorating state finances and the expansion of social services have set up Australia for two…...
Budget problem requires reckoning with Australia’s middle-class welfare state
5+ day, 12+ hour ago (132+ words) Continuing down the European path of an ever bigger state will condemn younger generations to a lower-growth, higher-taxing, and less prosperous future. Continuing down the European path of an ever bigger state will condemn younger generations to a lower-growth, higher-taxing,…...
‘As good as it gets’: NAB boss issues dire living standards warning
6+ day, 3+ hour ago (1076+ words) National Australia Bank chief executive Andrew Irvine has warned that the nation has hit "peak Australia" and will not grow unless productivity improves, as data revealed real wages have gone backwards for the first time in two years, intensifying the…...
Real wages go backwards for first time in two years as inflation jumps
6+ day, 9+ hour ago (83+ words) Real wages go backwards for first time in two years as inflation jumps'AFR Real wages declined last year as surging inflation eroded workers" pay packets, challenging the Albanese government"s claims that it is addressing the rising cost of living....