Tech

TPG gets green light to connect fibre to basement in apartments

David Ramli TPG Telecom will be allowed by the competition regulator to keep connecting urban apartments to its high speed broadband network despite NBN Co’s claim it could lead to its business case...

Slight improvement expected in jobs data

Concerns about jobs are weighing on consumers' spending decisions and long-term outlook, according to the latest Westpac-Melbourne Institute consumer sentiment index.

Mark Mulligan Australia's unemployment rate is widely expected to have eased slightly in August after a surprise spike to 6.

Interest rates

NZ Reserve Bank keeps rates unchanged

Bianca Hartge-Hazelman The Reserve Bank of New Zealand has decided to take a breather from raising rates as it copes with the fallout from its uncomfortably strong dollar.

Economy

Why country kids are born CEOs

Peter Braig

Patrick Durkin Country kids are punching well above their weight in the big city.

Coca-Cola Amatil slashes wages with new employees to work for less

Pricing pressure in the supermarkets and weaker sales in convenience stores weighed on Coca-Cola Amatil's margins.

Rose Powell and Sue Mitchell Coke has slashed worker wages, another step in a national trend that will hit consumer sentiment, house prices and GDP.

Logistics

Logistics group Qube warns of rising Melbourne cargo charges, import prices

Jenny Wiggins Melbourne cargo charges could double over the next two years, raising prices of imported goods for consumers, as the privatisation of Australian container ports pushes up rents, logistics group Qube...

Eco

Consumer sentiment slumps as budget worries weigh

The index reading of 94.0 was down 15.1 percent on the same month last year, with pessimists exceeding optimists.

A measure of Australian consumer sentiment suffered a sharp reversal in September as households became more concerned about the outlook for the economy and employment.

Property

Fancy a million-dollar parking spot?

The site in SoHo, where the apartment complex with the $US1 million car spots is being built.

Michelle Higgins At $US250,000 ($271,471) a tyre, these parking spaces in Manhattan cost more than four times the median home price in the US.

Economy

Business confidence sags in August

The transport industry has joined miners in downgrading its outlook for business conditions.

Mark Mulligan Business confidence sagged in August, wiping out July's improvement, as wholesalers, the transport industry and utilities joined mining companies in downgrading their outlook for trading conditions...

Lending

Investors still driving new housing loans

Growth in new home loans is being fuelled by investors.

Mark Mulligan Property investors are not far off snapping up the majority share of Australia's new home loans, taking out a record proportion of Australia's new housing finance in July.

Eco

Job ads up despite shock July jobless rate

Job ads rose 1.5 per cent in August and are up eight per cent over the year to date.

Stephen Cauchi Rising job ad numbers suggest the labour market is improving, despite the shock jump in July's unemployment rate.

Economy

Why GDP doesn't tell the full story

Much of the benefit of the third phase of the current export boom will be felt overseas, says Saul Eslake.

Max Mason The resources boom helped Australia avoid recession during the global financial crisis, but the ripple on effect has created a two-speed economy where traditional measures of growth no longer give...

Economy

Ross Garnaut urges Reserve Bank to end its housing market fixation and drop interest rates

Ross Garnaut appeals for lower interest rates.

Gareth Hutchens and Clancy Yeates One of Australia’s preeminent economists has warned the “whole economy” needs lower interest rates but the Reserve Bank’s concern with the housing market is preventing that...

Eco

Super changes to hurt low income earners the most: expert

“It is a very disappointing decision for all Australians that will disproprotionately disadvantage lower income earners,” HOSTPLUS chief investment officer Sam Sicilia said.

Sally Rose The chief investment officer of one of Australia’s largest and fastest growing superannuation funds, HOSTPLUS, has added his voice to the chorus of disappointment at this week’s Senate...

Economy

Consumer spending up in July, but pace slows

Spending in department stores rose 1.9 per cent in July.

Mark Mulligan Consumer spending continued to pick up in July, but at a slower pace than in June, according to figures out on Thursday.

Eco

Australia Post pushes for 'urgent reform'

Australia Post managing director Ahmed Fahour said the changes meant the business represents a shift from

Alana Schetzer Australians are set to be forced to pay more for 'regular' mail delivery as Australia Post pushes forward with its proposed shake-up of its dwindling letters service.

Eco

Letters deliver profit slump for Australia Post

Losses from the letter-delivery business blew out to $328.4 million for the full year.

Rose Powell Australia Post announced a sharp slump in profit on Thursday morning, and added a dire warning about the future of the government-owned business.

RBA chief warns on booming property market

RBA chief Glenn Stevens.

Clancy Yeates Reserve Bank governor Glenn Stevens has delivered a blunt warning on the booming property market, highlighting the dangers of pumping up house prices from "already elevated" levels.

Innovation

Tech sector calls on government to improve startup funding

Startups such as rapidly growing design software Canva have received Commercialisation Ai funding.

Rose Powell The technology industry has called on the government to change several rules in an incoming startup grant program to address market failures holding new tech companies back.

Housing

RBA governor Glenn Stevens warns of housing bubble risk

Glenn Stevens

Mark Mulligan Reserve Bank of Australia governor Glenn Stevens has warned about the creation of asset bubbles in the current low interest rate environment.