Cashing in

Executive bonuses may 'mislead shareholders', says ISS

Georgia Wilkins The heads of Australia's top companies are being paid more than their annual reports suggest, with share schemes quietly pushing up their take-home pay by more than $1 million in many cases, a report...

Economy

Australian economy to stay below trend in 2014: Westpac

It's looking more likely that the Australian economy will grow at a sluggish pace in 2014.

Agri

Nufarm to slash 105 jobs, shut factories

NuFarm chemicals.

Tim Binstead Crop protection group Nufarm plans to cut 105 jobs as part of a $13 million annual cost-saving bid that will see the closure of its Lytton and Welshpool manufacturing plants and several regional...

Economy

Interest rates to stay steady 'for some time', says RBA

RBA

Glenda Kwek The Reserve Bank has strengthened its position on holding a period of stability for interest rates, saying that "the cash rate could remain at its current level for some time if the economy was to...

Energy

Coal-fired power stations the big winner

Brian Robins Owning their own gas reserves is helping to offset difficult operating conditions for Australia's energy utilities and a resulting squeeze on operating margins, ratings agency Fitch said in a report.

Property

Missed out on your dream home? Lucky you

House auction.

John Addis Comment: If you’ve just missed out on the home of your dreams, think yourself lucky. You may have just dodged some bullets.

RBA

Westpac's about-face on rates

Westpac bank logo.

Vesna Poljak Bill Evans, one of the most bearish economists, has dropped his prediction of two further rate cuts from the Reserve Bank.

Motoring

New car sales in slight rise

Sales of new motor vehicles rose 0.1 per cent in February.

Technology

'Smart manufacturing': Australian company to produce US defence force technology

Army

Jared Lynch A glimmer of hope is shining in Australia's ambition to become a world leader in 'smart manufacturing', with a Melbourne company winning approval from US military leaders to produce defence force...

Ending mining tax will damage jobs

Ross Gittins dinkus

Ross Gittins Don't be misled by last week's better-than-expected figures for employment in February.

Economy

Wide rich-poor gulf can hurt economic growth, warns IMF

A homeless boy on the streets of Sydney

Gareth Hutchens As the Abbott government prepares to wind back the budget, the International Monetary Fund has published an important report explaining how governments should cut spending without hurting the less...

Aviation

Labor blamed for productivity hit

Leigh Clifford.

Eli Greenblat Qantas chairman blames the re-regulation of the labour market for sending productivity backwards.

Competition

Weaker dollar won't save us, says Qantas chairman Leigh Clifford

Leigh Clifford, Qantas Chairman in his Melbourne office. Friday 7th March 2014. Photo by Jesse Marlow.

Eli Greenblat Qantas chairman and former Rio Tinto boss Leigh Clifford has warned the weaker Australian dollar is not a cure to fixing the nation's competitive edge.

Economy

$A back in 'uncomfortable territory'

glenn stevens rba

Jared Lynch Australia's dollar has leapt back into ''uncomfortable territory'' for the Reserve Bank, rising above US90¢ after a surprise jump in job numbers.

Retail

Woolworths to create thousands of jobs

Woolworths

Eli Greenblat Supermarket giant Woolworths has promised a jobs bonanza next year in the face of a series of manufacturing closures this year that has seen thousands put out of work, and will open 108 new stores in...

Jobs

'On the mend': job numbers surprise

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Glenda Kwek More than 80,000 full-time jobs were added to the economy last month, highest gain in 22 years and the second highest monthly growth on record

Construction

Leighton and Lend Lease's market share a concern, says Productivity Commission

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Jenny Wiggins Australia's biggest construction companies, Leighton Holdings and Lend Lease, are powerful enough to inflate prices and profits, the Productivity Commission has concluded.

Economy

Company bailouts not a long-term answer, says Cameron Clyne

Cameron Clyne

Glenda Kwek, Eric Johnston NAB CEO says funds used to bail industries out could be better spent investing in others.

Tax

'Day of reckoning': looming budget crisis needs urgent action, says Ken Henry

Peter Harris Productivity Commission, Dr Ken Henry ANU, Professor Fred Hilmer UNSW and Rod Sims ACCC together for the 21st anniversary of The Hilmer Report at ANU in Canberra on Friday 7 March 2014. Photo: Andrew  Meares

Fleur Anderson Former Treasury secretary Ken Henry,has warned the Abbott government urgently needs a tax and welfare package to head off an imminent budget crisis.

Economy

Consumers gloomy as fears over jobs and economy grow

toyota workers

Glenda Kwek Australian consumers are increasingly worried about their jobs and the economic outlook, with the growing gloom expected to hurt their spending decisions.