Business

Michael West

Michael West comments on companies, markets and the economy. He is a former SMH business editor.

Peabody Energy headquarters in St. Louis.

Coal woes push Peabody Energy to brink

Adani and Shenhua are still pursuing their spanking new coal projects, Walter-Mitty-like, while the financial position of established coal juggernaut Peabody Energy has become ever more parlous.

Michael West landscape

How Adidas is nutmegging the taxman

Adidas' revenues and gross profits have more than doubled in 17 years but they managed to pay less income tax last year than they did in 1999.

Michael West landscape

Banks hold on advice challenged

CPA Australia's push into the financial advice sector will be based on a fee-for-service model, not commissions and hidden incentives

Michael West landscape

Palmer no worse than multinationals

The festival of outrage and indignation engulfing Clive Palmer and the collapse of Queensland Nickel constitutes hypocrisy of the first order.