Michael Janda
Chinese investment in Australia plummets $5 billion
Chinese investment in Australia dropped by more than 36 per cent in 2018, to its second lowest level since the global financial...
A debt crisis is brewing, S&P warns, but don’t expect a 2008 rerun
Debt is higher than before the global financial crisis, making the world vulnerable to economic and market shocks, S&P Global Ratings has...
Telstra profit tumbles as NBN drains revenue
Telstra’s half-year profit has tumbled 27 per cent as the telco feels the full force of the NBN taking away its wholesale...
Consumer confidence ‘evaporated’ over Christmas, Westpac says
Australians have started the year in a dour mood, with Westpac’s widely watched consumer sentiment index posting its biggest monthly fall in...
Australia’s $1.9 billion trade surplus disappoints
Australia has recorded a lower than expected trade surplus, below $2 billion, with the previous month’s result also downwardly revised. Bureau of...
Former Leighton executive guilty on false books
The former chief financial officer of construction giant Leighton Holdings, Peter Gregg, has been found guilty of falsifying the company’s accounts. Mr...
Reserve Bank leaves interest rates on hold at 1.5 per cent
The word “gradual” is dominating the Reserve Bank’s thinking, appearing four times in a short statement accompanying its latest decision to leave...
Westpac hit with $35m financial settlement in irresponsible home loan case
Westpac has reached a settlement with the corporate regulator over more than 10,000 home loans that breached responsible lending laws. The bank...
Melbourne leads worsening national home price downturn
Australia’s housing downturn is getting worse, with the more expensive end of the market in Melbourne and Sydney leading the declines. CoreLogic’s...
Qantas posts record profit despite rising fuel costs
Qantas has recorded a 15 per cent increase in annual profit due to strong demand for travel and an easing of capacity...