Victoria election: Crime, congestion and terrorism isn’t stopping Daniel Andrews

Victoria election: Crime, congestion and terrorism isn’t stopping Daniel Andrews

Victorian premier Daniel Andrews could be forgiven for thinking nothing on the horizon can stop him being re-elected on November 24. Two weeks ago the Labor premier appeared to be cruising to victory, with a commanding 54:46 lead in the Newspoll published a few days earlier and matching favouritism in online betting markets. Then fate…
Britain is trapped on Theresa May’s Brexit carousel

Britain is trapped on Theresa May’s Brexit carousel

London | Brexit day – March 29 next year – is just 133 sleeps from now. When just over half of Britons voted to leave the European Union in the summer of 2016, they couldn't have imagined that two and a half years later, with mere months to go, the country and its government would…
Value vs growth investing: proceed with caution

Value vs growth investing: proceed with caution

by Stewart Oldfield After a golden decade for investors backing high-growth companies even though they looked expensive based on their near-term earnings prospects, interest rates are on the rise, throwing the attention back on to company valuations. It's been a tough few months for growth equities such as CSL, Cochlear and the local tech plays known…
Economists thrive over 30 years of economic growth

Economists thrive over 30 years of economic growth

When two former federal Treasury economists, David Chessell and Geoff Carmody, set up their own independent consulting firm 30 years ago Australia was in the midst of a golden era of economic reform. Then prime minister Bob Hawke and treasurer Paul Keating had floated the dollar, opened up the banking system, cut tariffs and were…
Myer sales tumbled 4.8 per cent in first quarter

Myer sales tumbled 4.8 per cent in first quarter

Ailing department store group Myer revealed late on Friday that sales for the first quarter of 2018-19 had plunged by 4.8 per cent as it belatedly responded after a day of high drama when its shares were forced into a trading halt by the ASX. Myer said in a statement to the ASX that comparable…
Shinzo Abe visits the city his country bombed 76 years ago

Shinzo Abe visits the city his country bombed 76 years ago

by Andrew Clark For Australia Japan is the "first" country. It was the first country to bomb Australia, the first to capture and treat harshly so many Australian prisoners of war, the first Asian state to negotiate a major trade agreement with Australia, the first to turn Australia's eyes to Asia, the first to drive…
Chinese winter is coming for Australian resources exports

Chinese winter is coming for Australian resources exports

by Peter Ker and Michael Smith The notion that China might halt imports of thermal coal for the first six weeks of the northern winter would have been unthinkable just two years ago. But unconfirmed reports on Friday that the Chinese government will not allow any further coal imports in 2018 are just another sign…
‘Risk off’ return wipes $54 billion from ASX

‘Risk off’ return wipes $54 billion from ASX

Australian shares plummeted this week after a "risk off" market sent the market into a nose-dive on Tuesday and Wednesday, wiping $54 billion from the boards in the past five sessions. The S&P/ASX 200 Index closed the week 191.3 points, or 3.2 per cent, lower at 5730.6 while the broader All Ordinaries Index slipped 188.2 points,…
Link CEO John McMurtrie says PEXA could be a bigger, better IPO in 5 years

Link CEO John McMurtrie says PEXA could be a bigger, better IPO in 5...

Online conveyancing platform Property Exchange Australia could become a listed company in five years' time after expanding its services and revenue under private ownership, new owner Link Group managing director John McMurtrie says. Link, which took ownership of PEXA this month in a $1.6 billion deal with CBA and Morgan Stanley, may look to spin it out through an initial…
Markets Live: ASX advances on materials, energy

Markets Live: ASX advances on materials, energy

Australian shares have risen at the open with strong gains by the material and energy sectors lifting the local sharemarket while NAB weighs.

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