Workers should be willing to move for jobs

Patrick Durkin Workers must be willing to move interstate and overseas to where they are needed, according to key members of the Business Council of Australia.

Ross Gittins

Fairer path to a balanced budget

Ross Gittins dinkus

Ross Gittins Joe Hockey and Tony Abbott are perfectly right in saying we need to get the budget back into surplus.

Australian economy is not in trouble, Joe Hockey tells NZ

Treasurer Joe Hockey.

Joe Hockey has told New Zealand that there is no crisis in the Australian economy, nor is it in trouble.


Australia is second in UN Human Development report

The report says there is a

Australia has come in as the second best country in the United Nations' Human Development report measuring improvements in health and longevity, income and education, and personal security.


Negative gearing pumping house prices, but they're not overvalued yet


Jonathan Shapiro Australian house prices aren't overvalued yet, but negative gearing tax breaks have added almost 9 per cent, or $44,000 to current average house prices, financial group Moody's Analytics has reported.


Australian dollar bounces back on CPI figures

The cost of health insurance helped push up inflation in the second quarter.

Mark Mulligan Headline consumer prices rose by 0.5 per cent in the June quarter, broadly in line with market expectations, as higher prices for health services, dwellings and tobacco offset falls for travel,...

US economy

US housing market turns the corner, but inflation creeps up

The rebound in the housing market boosted homebuilding-related stocks in the US.

US home resales hit an eight month-high in June, suggesting the housing market was gradually regaining momentum and would help the world's largest economy to stay on a higher growth path this year.


Mid-size businesses pessimistic about short-term future, says Bankwest survey

Only 29 per cent of respondents are expecting the economy to speed up over the next 12 months.

Stephen Cauchi Australia's mid-size businesses are pessimistic about Australia's economy and business conditions for the next year, according to a new report.


Reserve Bank hopes for G20 'bounce'

Glenn Stevens

Gareth Hutchens Reserve Bank governor Glenn Stevens says the G20 Leaders Summit can help to boost global economic growth - and render global monetary policy far more effective - if it properly exploits its agenda...


Senate 'destroying' investment

Andrew Mackenzie

David Ramli Top business leaders are concerned the Senate budget impasse will deter foreign investment and make it harder for Australia to reach the growth target it is pressing on the Group of 20 leading...


Stand by for possible NZ-style inflation surprise

Health insurance could be one factor driving inflation in the second quarter.

Mark Mulligan Health insurance, tobacco excise and postage stamps could be the main drivers of the second-quarter spike in inflation.


Real economy needs 'animal spirits', but RBA's Glenn Stevens leaves jawbone at home

RBA governor Glenn Stevens.

Reserve Bank of Australia Governor Glenn Stevens said he's content with the current monetary policy setting and stands ready to do more if needed.


James Packer to launch new foundation

Mr Packer said his sister Gretel Packer was the

Jessica Gardner James Packer has pledged an average of $20 million a year to Australian charities over the next 10 years through the establishment of a new philanthropic foundation.

Australia's three speed economy in danger of stalling

Housing construction is helping keep the WA economy in the lead.

Stephen Cauchi Australia now has a three-tier economy but even the best performing states may be in for tougher times.


NSW economy gaining momentum

Like the Waratahs, the NSW economy has found some momentum.

It would seem the renewed strengths of NSW go beyond Super 15 rugby and the State of Origin.


More jobs will be lost to robots, says Seek boss

Robots and automation are moving beyond manufacturing.

The head of Australia's largest online employment website says more people will lose their jobs and will have fewer opportunities to find work as businesses increasingly replace labour with...


Business confidence down, but not hopeless

Property and construction were the most confident sectors in the NAB survey.

Luke Malpass Business confidence has fallen for the second consecutive quarter, but remains resilient overall as conditions improved, according to a survey from National Australia Bank.


Economic growth below trend for rest of 2014

Growth in Australia's GDP will remain below trend for the rest of 2014.

Mark Mulligan GDP growth is likely to remain below trend for the rest of 2014, despite a strong first quarter this year, according to the latest Westpac-Melbourne Institute Leading Index of Activity.


Murray inquiry calls for reform of capital gains and negative gearing

Tax file numbers have been stolen in order to make fraudulent tax return claims.

Stephen Cauchi Reform of capital gains tax and negative gearing should be a priority in the forthcoming tax white paper, according to the Murray Financial System Inquiry.


RBA prepared to keep rates on hold, despite dollar concerns

RBA governor Glenn Stevens.

Mark Mulligan The RBA has indicated it will leave interest rates unchanged for some time, although there are ongoing concerns about non-mining growth and the high Australian dollar.