Category: Business

Business conditions slip

Business conditions have fallen in most industries, except for construction, according to the latest NAB monthly business survey,...

Turkey’s sinking currency and economy continues to rattle global markets

Turkey faces another week of financial-market turmoil with the Turkish lira plunging further after rattling global markets on Friday. The...

Australian banks to face more scrutiny

In the wake of the royal commission and following a string of scandals, the Australian corporate watch dog will embed supervisors in the...

Australian manufacturing slows down

The Australian manufacturing sector slowed sharply last month. The Australian Industry Group’s Australian Performance of Manufacturing...

Australian banks re-write code of conduct

In the wake of the damage from the banking royal commission, Australian banks have tried to win back public support by re-drafting their...

Telstra management shakeup

Telstra CEO Andy Penn has overhauled the ranks of the telco’s senior executives, axing four and bringing in new recruits. Management...

Writedown of NBN “inevitable”: S&P

In a damning assessment of the National Broadband Network’s long term commercial viability, global credit ratings agency S&P...

Wesfarmers to spin off Coles by November

Wesfarmers says its scheduled demerger of Coles will be completed in November, pending shareholder and regulatory approvals. As part of the...

Sydney housing slump could last to 2020: economists

Economists are forecasting that Sydney’s property market slump will last at least another two years because of tighter lending, sparking...

Fairfax and News Corp reach historic printing deal

Publishing competitors Fairfax and New Corp Australia have struck an historic agreement that will see them use each other’s printing...