NBN Co received $8.4b in government funding, looking to double user numbers

David Ramli ‎NBN Co says it has received $8.4 billion in government funding and will double the number of customers using the national broadband network over the next 12 months to hit 480,000 users.


Capex data points to in-line GDP growth

Seasonally-adjusted total new capital expenditure end-June was ahead 1.1 per cent.

Mark Mulligan Business investment was stronger than expected in the June quarter, giving weight to Reserve Bank of Australia assumptions for second-quarter gross domestic product growth of 0.4 per cent.


Australia's housing bubble is real and banks are to blame, says author


Jonathan Shapiro Lindsay David may sound crazy ­comparing Australia’s banks to Lehman Brothers and Bernie Madoff.

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More dairy mergers coming, says Murray Goulburn boss

A cow has been rescued after being stuck down a mineshaft in Launching Place.

Jared Lynch The boss of Australia's biggest dairy company is forecasting more consolidation in the sector, saying there "isn't enough money to be made" for all players.


Value of construction activity contracts in quarter

The ABS said the value of completed construction in Australia is down  1.5 per cent over the year.

Mark Mulligan The estimated value of completed construction in Australia contracted in the June quarter, in the latest sign of the slow pace of economic re-balancing away from mining infrastructure in Australia.


Boral beats forecasts as company 'turns corner', says boss Mike Kane


Sally Rose Building materials supplier Boral has said that market conditions are improving across all of its divisions in Australia, the Untied States and Asia - with the exception of Australian investment in...


Consumer confidence shows encouraging signs

The ANZ-Roy Morgan consumer confidence index has found encouraging signs for consumer spending.

Consumer confidence has edged back above its long-run average, with encouraging signs for consumer spending in coming months.


How almost 300,000 SMSFs avoid paying income tax

Nassim Khadem Only a fraction of Australia’s ­half-a-million self-managed super­annuation funds pay any income tax, experts say, because of generous super concessions and franking credits that are...


ATO cracking down on cash economy

Cafe Paci.

Nassim Khadem The Tax Office is cracking down on the black economy, targeting businesses that are not declaring cash revenues, from restaurants through to home cleaners, in a bid to bring billions of dollars back...


James Packer's Crown confirms 17-year Melbourne Casino extension

Crown Casino, Southbank, Melbourne.

Max Mason James's Packer's Crown Resorts has confirmed a 17-year extension on its Melbourne casino licence following a battle with the Victoria government over a hike in poker machine taxes announced late last...


NBN deals for Telstra rivals

NBN Co and Telstra have been criticised by industry leaders over the size of their $11 billion deal to help build the NBN.

David Ramli Telstra’s construction rivals, including companies such as Leighton Contractors, will win major contracts to build the national broadband network, says NBN Co chief executive Bill Morrow.

Queensland economy 'better than you think': Deloitte

Premier Campbell Newman and Santos CEO David Knox on Curtis Island at the Santos GLNG project.

Cameron Atfield Deloitte has a simple message when it comes to Queensland's economy – it's better than you think.

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Stevens says companies lack 'animal spirit' to drive growth

RBA Governor Glenn Stevens warns businesses are more focussed on shareholder returns than on plans to boost growth.

Mark Mulligan Companies’ focus on returning cash to shareholders might be stifling much-needed investment in new production to rebalance the Australian economy away from mining, Reserve Bank of Australia...


Tumblr to analyse selfies for #brands

Tumblr is thought to be the first site actively attempting to analyse pictures for content.

Luke Malpass From this week, every photo of you posted online, could be scanned for commercially useful clues about what you like to eat, drink, wear or listen to.


No recession ... yet, but we're not invulnerable

A matter of timing: RBA governor Glenn Stevens.

Bianca Hartge-Hazelman Australia’s golden era of growth without recession is now stretching out more than two decades – but economists see weaknesses that could put an end to the unprecedented run.


RBA says 'uncertainty' is keeping interest rates low

Glenn Stevens

Michael Heath Australia's central bank said the nation's economic outlook remains uncertain because of the conflicting forces at play and reiterated that interest rates are set to remain on hold.


Peter Costello backs retailers' calls to lower online GST threshold

Former treasurer Peter Costello.

Sue Mitchell Former federal treasurer Peter Costello has backed the campaign for a reduction in the $1000 GST-free threshold for overseas online retailers.

Michael Pascoe

How far will the wealth effect stretch?

Perhaps Clive Palmer should take tea with the  House of Representatives economics committee.

Michael Pascoe It can’t be easy fitting in a normal MP’s duties around all the lunch and dinner dates Clive Palmer is enjoying with federal ministers.


Australia's misery index at a six-year high

The RBA has lowered its growth and inflation forecasts for the year ahead, citing its expectation that mining investment will “decline much further” and budget cuts at the state and federal level

A deepening gloom across the largest developed economy to escape recession during the global financial crisis is shaping up as one of the toughest challenges yet for Reserve Bank of Australia chief...


Consumers looking more upbeat in August

The latest figures suggest much of the damage to consumer confidence from the May budget has been repaired, Westpac says.

Mark Mulligan Consumer confidence has picked up since May's unpopular Federal budget, though it remains below the highs seen after the Coalition swept to power last September.